Marine Harvest Q2 2018 Trading update: 78,500 tonnes of farmed salmon harvested; Below 82,000t guide

Harvest volumes Q2 2018 (1)

Farming Norway 49.5 thousand tonnes
Farming Scotland 9.0 thousand tonnes
Farming Canada 8.0 thousand tonnes
Farming Chile 10.0 thousand tonnes
Farming Ireland 1.0 thousand tonnes
Farming Faroes 1.0 thousand tonnes
Total 78.5 thousand tonnes


In connection with the presentation of the Q1 2018 results, Marine Harvest guided a total harvest volume of 82 thousand tonnes (GWE) for Q2 2018.

(1) The harvest volumes are provided in gutted weight equivalents (GWE). The figures include salmonid species only.

Additional information

Operational EBIT for the Group was approximately EUR 175 million in Q2 2018 (EUR 198 million in Q2 2017).

Total operational EBIT per kg through the value chain was approximately as follows:

Norway EUR   2.55
Scotland EUR   2.35
Canada EUR   1.00
Chile EUR   1.85
Ireland EUR   2.20
Faroes EUR   2.90

Reported net interest bearing debt (NIBD) was approximately EUR 955 million at the end of the quarter.

Northern Harvest is consolidated in the group’s financial statements with effect from 3 July. Thus, the above figures do not include Northern Harvest.

The complete Q2 2018 report will be released on 22 August at 06:30 CET.

Please refer to the Annual Report for detailed descriptions and reconciliations of non-IFRS measures such as operational EBIT and NIBD.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Source: MHG 16.07.2018