the Case is updated.
on Wednesday morning escaped Marine Harvest’s report of the results for the third quarter.
the Company’s operating earnings increased from 78 to 180 million euro, as measured against the same period last year, and thus puts you once again resultatrekord in the group.
the Group estimated two weeks ago that they would end a two-million-euro lower.
the Result is up almost 100 million euros from the second quarter, which was also a rekordkvartal.
the Turnover also increased, but not near the same pace. In total, the group had revenue of 850 million euro, than the increase from 752 million euro in the same period of last year.
Sjømatkonsernet also alerts a dividend of 2,30 euros per share for the quarter. This was decided by the board of directors 1. november.
It is lower than the previous time, for the 31. august had the shareholders paid 3,20 money after rekordresultatene in the second quarter. The dividend is at the same time well above the level of 1,40 million shares for the third quarter of last year.
Investors who are sitting on the stock, up to and including 10. november will be entitled to this dividend. The payout is expected to take place 16. november.
Ceo Alf-Helge Aarskog explains the record profits in the third quarter, with high salmon prices, strong demand and reduced supply in the market.
– I am glad that the hard work all the Marine Harvest employees put in, leading to positive earnings in all business units and fish farming regions in this quarter. It is particularly encouraging that our business unit in Chile to deliver positive results after a long period with negative results, says Aarskog.
He adds that the fish feed enterprise Marine Harvest Fish Feed also had a record positive operating profit.
Cut produksjonsprognosene
It is not more than a couple of weeks ago, Marine Harvest, came with his usual notice in advance of the quarterly report.
Where it’s revealed that production in the fourth quarter and 2016 will be lower than expected. It helped that among other Pareto Securities cut kursmålet on the stock.
the Alert came after what was then the operating profit in the second quarter. In the message notified Marine Harvest of that production towards the end of the year probably will be lower than the notified because of the “biological challenges”, i.e. the sea lice and other problems.
Really had oppdrettskjempen estimated a production of 400,000 tonnes for 2016, but in the update nedjusterte this to 381.000.
In the third quarter ended now at 97.215 tonnes, down from 105.963 tonnes in the same period of last year. It was actually expecting a production of 94.000 tonnes in the third quarter, but this oppjusterte Marine Harvest in the notification, at the same time as the nedjusterte the forecast for the fourth quarter from 122.000 to 100,000 tonnes.
In the fourth quarter, production in Norway expected to end on 62.000 tons (down from previous forecast of 82.000), while the production in Scotland is expected to end on 14.000 (compared to 16,000 in the previous forecast). In Canada, production is expected to end at 10,000 tonnes (against 12,000 in before) and 7.000 in Chile (at 7.000 before).
Alerts increase in 2017.
Even though the production in the year seems to be to 19,000 tonnes lower than projected, going, Marine Harvest is now forecast that they will be able to increase the production (harvested volume) of 5.8 per cent next year.
2017 estimate company namely a harvested volume of 403.000 tons.
– the market balance is expected to be tight also in the future. Combined with the strong demand we have seen in 2016, sees the future bright, says Marine Harvest ceo Alf-Helge Aarskog
the Company is now investing further to expand in important international markets, including through the opening of a new factory in Dallas, Texas.
the Ceo acknowledges that the company has its challenges at the same time as the results and the prices are very high:
– production cost rises, and Marine Harvest continues the work to reduce costs, says Aarskog.
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