News, Seafood

GSF Second Quarter 2013 & First Half Report 2013

Strongly improved results in a strong market from Grieg Seafood.
Highlights – second quarter 2013
  • A very strong market and global prices at a good level. The decline in the global supply growth of salmon has continued and good demand has been maintained.
  • EBIT before fair value adjustment of biomass was NOK 133.7m in the second quarter (NOK 13.7m in 2012).
  • EBIT before fair value adjustment of biomass was NOK 184.8m in the first half-year (NOK 18.6m in 2012).
  • A strong result in Norway (NOK 11.85 per kg), in particular in Finnmark.
  • The cost level in Canada and Scotland is higher due to biological events in previous periods.
  • Implemented measures in Shetland have improved the biological status.
  • The harvested volume in the second quarter was 14 397, reflecting a decline of 12.4% for the Group, but an increase of 19% in Norway.
  • Strong cash flow from operations in the quarter, NOK 156.8m.

To read more, please visit the Grieg Seafood website.