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News Article | May 10, 2017
Site: globenewswire.com

(Oslo, 10 May 2017) Marine Harvest achieved an operational EBIT of EUR 220 million in the first quarter of 2017, compared to EUR 112 million in the corresponding quarter of 2016. Supported by the good results, a strong market looking forward, and a solid financial position, the Board has proposed a quarterly dividend of NOK 3.00 per share, subject to approval by the Annual General Meeting on 1 June 2017. - Driven by all-time high salmon prices, we achieved record high operational results in the first quarter. It is especially encouraging to see strong operational performance in Marine Harvest Scotland and Marine Harvest Canada, says CEO Alf-Helge Aarskog. Marine Harvest Group reported operational revenues of EUR 892 million (EUR 810 million) in the first quarter of 2017. Total harvest volume was 83 768 tonnes in the quarter (96 613). Harvest guidance for 2017 is 403 000 tonnes, which is in line with the previous guidance. Salmon of Norwegian origin achieved an operational EBIT per kilo of EUR 2.52 (1.87) in the first quarter, while salmon of Scottish and Canadian origin reported operational EBIT per kilo of EUR 3.12 and EUR 3.42  respectively (EUR 0.68 and EUR 1.97). Salmon of Chilean origin reported operational EBIT per kilo of EUR 1.87 in the quarter (EUR -1.55). MH Feed reported an operational EBIT of EUR 0.1 million (EUR 1.6 million). MH Consumer Products reported an operational EBIT of EUR 9.6 million (EUR -0.6 million). - I am very pleased with the result Marine Harvest Consumer Products has achieved so far this year, seasonality taken into account. Consumer Products has improved its operations in all areas, says Aarskog. - We are also pleased to announce that Marine Harvest has entered into a term sheet to refinance its existing bank facility with a senior secured five year EUR 1,206 million credit facility with DNB, Nordea, ABN Amro, Rabobank, Danske Bank and SEB, says Aarskog. The principle financial covenant of the facility is an equity ratio of no less than 35 %. For further information, please contact: Ivan Vindheim, CFO, Mobile: +47 958 71 310 Kim Galtung Døsvig, IR Officer & Head of Treasury, Mobile: +47 908 76 339 About Marine Harvest Group Marine Harvest Group is the world's leading seafood company and largest producer of farmed salmon, with presence in 24 countries and a total of 12 717 employees worldwide. The company is headquartered in Bergen, Norway, and is listed on the Oslo Stock Exchange. Please see www.marineharvest.com for further information. Forward looking statements This release may be deemed to include forward-looking statements, such as statements that relate to Marine Harvest's goals and strategies, salmon prices, ability to increase or vary harvest volume, production capacity, trends in the seafood industry, restructuring initiatives, exchange rate and interest rate fluctuations, expected research and development expenditures, business prospects and positioning with respect to market, demographic and pricing trends, strategic initiatives, and the effects of any extraordinary events and various other matters (including developments with respect to laws, regulations and governmental policies regulating the industry and changes in accounting policies, standards and interpretations) on Marine Harvest's business and results. Forward-looking statements are typically identified by words or phrases, such as "believe," "expect," "anticipate," "intend," "estimate," "may increase," "may fluctuate," "plan," "goal," "target," "strategy," and similar expressions or future or conditional verbs such as "may," "will," "should," "would," and "could." Forward-looking statements are Marine Harvest's current estimates or expectations of future events or future results. Actual results could differ materially from those indicated by these statements because the realization of those results is subject to many risks and uncertainties. Marine Harvest ASA's Annual Report contains additional information about factors that could affect actual results, including: changes to the price of salmon including the value of our biological assets; hedging risks; risks related to fish feed; economic and market risks; environmental risks; operational risks; risks related to escapes, disease and sea lice; product risks; risks related to our acquisitions; financing risks; regulation risks including relating to food safety, the aquaculture industry, processing, competition and anti-corruption; trade restriction risks; litigation risks; tax and accounting risks; strategic and competitive risks; and reputation risks. All forward-looking statements included in this release are based on information available at the time of the release, and Marine Harvest assumes no obligation to update any forward-looking statement. This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.


News Article | May 10, 2017
Site: globenewswire.com

(Oslo, 10 May 2017) Marine Harvest achieved an operational EBIT of EUR 220 million in the first quarter of 2017, compared to EUR 112 million in the corresponding quarter of 2016. Supported by the good results, a strong market looking forward, and a solid financial position, the Board has proposed a quarterly dividend of NOK 3.00 per share, subject to approval by the Annual General Meeting on 1 June 2017. - Driven by all-time high salmon prices, we achieved record high operational results in the first quarter. It is especially encouraging to see strong operational performance in Marine Harvest Scotland and Marine Harvest Canada, says CEO Alf-Helge Aarskog. Marine Harvest Group reported operational revenues of EUR 892 million (EUR 810 million) in the first quarter of 2017. Total harvest volume was 83 768 tonnes in the quarter (96 613). Harvest guidance for 2017 is 403 000 tonnes, which is in line with the previous guidance. Salmon of Norwegian origin achieved an operational EBIT per kilo of EUR 2.52 (1.87) in the first quarter, while salmon of Scottish and Canadian origin reported operational EBIT per kilo of EUR 3.12 and EUR 3.42  respectively (EUR 0.68 and EUR 1.97). Salmon of Chilean origin reported operational EBIT per kilo of EUR 1.87 in the quarter (EUR -1.55). MH Feed reported an operational EBIT of EUR 0.1 million (EUR 1.6 million). MH Consumer Products reported an operational EBIT of EUR 9.6 million (EUR -0.6 million). - I am very pleased with the result Marine Harvest Consumer Products has achieved so far this year, seasonality taken into account. Consumer Products has improved its operations in all areas, says Aarskog. - We are also pleased to announce that Marine Harvest has entered into a term sheet to refinance its existing bank facility with a senior secured five year EUR 1,206 million credit facility with DNB, Nordea, ABN Amro, Rabobank, Danske Bank and SEB, says Aarskog. The principle financial covenant of the facility is an equity ratio of no less than 35 %. For further information, please contact: Ivan Vindheim, CFO, Mobile: +47 958 71 310 Kim Galtung Døsvig, IR Officer & Head of Treasury, Mobile: +47 908 76 339 About Marine Harvest Group Marine Harvest Group is the world's leading seafood company and largest producer of farmed salmon, with presence in 24 countries and a total of 12 717 employees worldwide. The company is headquartered in Bergen, Norway, and is listed on the Oslo Stock Exchange. Please see www.marineharvest.com for further information. Forward looking statements This release may be deemed to include forward-looking statements, such as statements that relate to Marine Harvest's goals and strategies, salmon prices, ability to increase or vary harvest volume, production capacity, trends in the seafood industry, restructuring initiatives, exchange rate and interest rate fluctuations, expected research and development expenditures, business prospects and positioning with respect to market, demographic and pricing trends, strategic initiatives, and the effects of any extraordinary events and various other matters (including developments with respect to laws, regulations and governmental policies regulating the industry and changes in accounting policies, standards and interpretations) on Marine Harvest's business and results. Forward-looking statements are typically identified by words or phrases, such as "believe," "expect," "anticipate," "intend," "estimate," "may increase," "may fluctuate," "plan," "goal," "target," "strategy," and similar expressions or future or conditional verbs such as "may," "will," "should," "would," and "could." Forward-looking statements are Marine Harvest's current estimates or expectations of future events or future results. Actual results could differ materially from those indicated by these statements because the realization of those results is subject to many risks and uncertainties. Marine Harvest ASA's Annual Report contains additional information about factors that could affect actual results, including: changes to the price of salmon including the value of our biological assets; hedging risks; risks related to fish feed; economic and market risks; environmental risks; operational risks; risks related to escapes, disease and sea lice; product risks; risks related to our acquisitions; financing risks; regulation risks including relating to food safety, the aquaculture industry, processing, competition and anti-corruption; trade restriction risks; litigation risks; tax and accounting risks; strategic and competitive risks; and reputation risks. All forward-looking statements included in this release are based on information available at the time of the release, and Marine Harvest assumes no obligation to update any forward-looking statement. This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.


News Article | May 10, 2017
Site: globenewswire.com

(Oslo, 10 May 2017) Marine Harvest achieved an operational EBIT of EUR 220 million in the first quarter of 2017, compared to EUR 112 million in the corresponding quarter of 2016. Supported by the good results, a strong market looking forward, and a solid financial position, the Board has proposed a quarterly dividend of NOK 3.00 per share, subject to approval by the Annual General Meeting on 1 June 2017. - Driven by all-time high salmon prices, we achieved record high operational results in the first quarter. It is especially encouraging to see strong operational performance in Marine Harvest Scotland and Marine Harvest Canada, says CEO Alf-Helge Aarskog. Marine Harvest Group reported operational revenues of EUR 892 million (EUR 810 million) in the first quarter of 2017. Total harvest volume was 83 768 tonnes in the quarter (96 613). Harvest guidance for 2017 is 403 000 tonnes, which is in line with the previous guidance. Salmon of Norwegian origin achieved an operational EBIT per kilo of EUR 2.52 (1.87) in the first quarter, while salmon of Scottish and Canadian origin reported operational EBIT per kilo of EUR 3.12 and EUR 3.42  respectively (EUR 0.68 and EUR 1.97). Salmon of Chilean origin reported operational EBIT per kilo of EUR 1.87 in the quarter (EUR -1.55). MH Feed reported an operational EBIT of EUR 0.1 million (EUR 1.6 million). MH Consumer Products reported an operational EBIT of EUR 9.6 million (EUR -0.6 million). - I am very pleased with the result Marine Harvest Consumer Products has achieved so far this year, seasonality taken into account. Consumer Products has improved its operations in all areas, says Aarskog. - We are also pleased to announce that Marine Harvest has entered into a term sheet to refinance its existing bank facility with a senior secured five year EUR 1,206 million credit facility with DNB, Nordea, ABN Amro, Rabobank, Danske Bank and SEB, says Aarskog. The principle financial covenant of the facility is an equity ratio of no less than 35 %. For further information, please contact: Ivan Vindheim, CFO, Mobile: +47 958 71 310 Kim Galtung Døsvig, IR Officer & Head of Treasury, Mobile: +47 908 76 339 About Marine Harvest Group Marine Harvest Group is the world's leading seafood company and largest producer of farmed salmon, with presence in 24 countries and a total of 12 717 employees worldwide. The company is headquartered in Bergen, Norway, and is listed on the Oslo Stock Exchange. Please see www.marineharvest.com for further information. Forward looking statements This release may be deemed to include forward-looking statements, such as statements that relate to Marine Harvest's goals and strategies, salmon prices, ability to increase or vary harvest volume, production capacity, trends in the seafood industry, restructuring initiatives, exchange rate and interest rate fluctuations, expected research and development expenditures, business prospects and positioning with respect to market, demographic and pricing trends, strategic initiatives, and the effects of any extraordinary events and various other matters (including developments with respect to laws, regulations and governmental policies regulating the industry and changes in accounting policies, standards and interpretations) on Marine Harvest's business and results. Forward-looking statements are typically identified by words or phrases, such as "believe," "expect," "anticipate," "intend," "estimate," "may increase," "may fluctuate," "plan," "goal," "target," "strategy," and similar expressions or future or conditional verbs such as "may," "will," "should," "would," and "could." Forward-looking statements are Marine Harvest's current estimates or expectations of future events or future results. Actual results could differ materially from those indicated by these statements because the realization of those results is subject to many risks and uncertainties. Marine Harvest ASA's Annual Report contains additional information about factors that could affect actual results, including: changes to the price of salmon including the value of our biological assets; hedging risks; risks related to fish feed; economic and market risks; environmental risks; operational risks; risks related to escapes, disease and sea lice; product risks; risks related to our acquisitions; financing risks; regulation risks including relating to food safety, the aquaculture industry, processing, competition and anti-corruption; trade restriction risks; litigation risks; tax and accounting risks; strategic and competitive risks; and reputation risks. All forward-looking statements included in this release are based on information available at the time of the release, and Marine Harvest assumes no obligation to update any forward-looking statement. This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.


News Article | May 10, 2017
Site: globenewswire.com

(Oslo, 10 May 2017) Marine Harvest achieved an operational EBIT of EUR 220 million in the first quarter of 2017, compared to EUR 112 million in the corresponding quarter of 2016. Supported by the good results, a strong market looking forward, and a solid financial position, the Board has proposed a quarterly dividend of NOK 3.00 per share, subject to approval by the Annual General Meeting on 1 June 2017. - Driven by all-time high salmon prices, we achieved record high operational results in the first quarter. It is especially encouraging to see strong operational performance in Marine Harvest Scotland and Marine Harvest Canada, says CEO Alf-Helge Aarskog. Marine Harvest Group reported operational revenues of EUR 892 million (EUR 810 million) in the first quarter of 2017. Total harvest volume was 83 768 tonnes in the quarter (96 613). Harvest guidance for 2017 is 403 000 tonnes, which is in line with the previous guidance. Salmon of Norwegian origin achieved an operational EBIT per kilo of EUR 2.52 (1.87) in the first quarter, while salmon of Scottish and Canadian origin reported operational EBIT per kilo of EUR 3.12 and EUR 3.42  respectively (EUR 0.68 and EUR 1.97). Salmon of Chilean origin reported operational EBIT per kilo of EUR 1.87 in the quarter (EUR -1.55). MH Feed reported an operational EBIT of EUR 0.1 million (EUR 1.6 million). MH Consumer Products reported an operational EBIT of EUR 9.6 million (EUR -0.6 million). - I am very pleased with the result Marine Harvest Consumer Products has achieved so far this year, seasonality taken into account. Consumer Products has improved its operations in all areas, says Aarskog. - We are also pleased to announce that Marine Harvest has entered into a term sheet to refinance its existing bank facility with a senior secured five year EUR 1,206 million credit facility with DNB, Nordea, ABN Amro, Rabobank, Danske Bank and SEB, says Aarskog. The principle financial covenant of the facility is an equity ratio of no less than 35 %. For further information, please contact: Ivan Vindheim, CFO, Mobile: +47 958 71 310 Kim Galtung Døsvig, IR Officer & Head of Treasury, Mobile: +47 908 76 339 About Marine Harvest Group Marine Harvest Group is the world's leading seafood company and largest producer of farmed salmon, with presence in 24 countries and a total of 12 717 employees worldwide. The company is headquartered in Bergen, Norway, and is listed on the Oslo Stock Exchange. Please see www.marineharvest.com for further information. Forward looking statements This release may be deemed to include forward-looking statements, such as statements that relate to Marine Harvest's goals and strategies, salmon prices, ability to increase or vary harvest volume, production capacity, trends in the seafood industry, restructuring initiatives, exchange rate and interest rate fluctuations, expected research and development expenditures, business prospects and positioning with respect to market, demographic and pricing trends, strategic initiatives, and the effects of any extraordinary events and various other matters (including developments with respect to laws, regulations and governmental policies regulating the industry and changes in accounting policies, standards and interpretations) on Marine Harvest's business and results. Forward-looking statements are typically identified by words or phrases, such as "believe," "expect," "anticipate," "intend," "estimate," "may increase," "may fluctuate," "plan," "goal," "target," "strategy," and similar expressions or future or conditional verbs such as "may," "will," "should," "would," and "could." Forward-looking statements are Marine Harvest's current estimates or expectations of future events or future results. Actual results could differ materially from those indicated by these statements because the realization of those results is subject to many risks and uncertainties. Marine Harvest ASA's Annual Report contains additional information about factors that could affect actual results, including: changes to the price of salmon including the value of our biological assets; hedging risks; risks related to fish feed; economic and market risks; environmental risks; operational risks; risks related to escapes, disease and sea lice; product risks; risks related to our acquisitions; financing risks; regulation risks including relating to food safety, the aquaculture industry, processing, competition and anti-corruption; trade restriction risks; litigation risks; tax and accounting risks; strategic and competitive risks; and reputation risks. All forward-looking statements included in this release are based on information available at the time of the release, and Marine Harvest assumes no obligation to update any forward-looking statement. This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.


Remo S.C.,National Institute of Nutrition And Seafood Research | Hevroy E.M.,National Institute of Nutrition And Seafood Research | Olsvik P.A.,National Institute of Nutrition And Seafood Research | Fontanillas R.,Nutreco Aquaculture Research Center | And 2 more authors.
British Journal of Nutrition | Year: 2014

The present study was carried out to investigate whether the dietary histidine requirement to reduce cataract development is higher than that for growth in Atlantic salmon smolts (Salmo salar L.) after seawater transfer and whether dietary vegetable oils contribute to cataractogenesis. Duplicate groups of salmon smolts were fed ten experimental diets with either fish oil (FO) or a vegetable oil (VO) mix replacing 70Â % FO and histidine at five target levels (10, 12, 14, 16 and 18Â g His/kg diet) for 13 weeks after seawater transfer. The VO diet-fed fish exhibited somewhat inferior growth and feed intakes compared with the FO diet-fed fish, irrespective of the dietary histidine concentration. Both cataract prevalence and severity were negatively correlated with the dietary histidine concentration, while lens N-acetyl-histidine (NAH) concentrations were positively correlated with it. The fatty acid profiles of muscle, heart and lens reflected that of the dietary oils to a descending degree and did not affect the observed cataract development. Muscle, heart and brain histidine concentrations reflected dietary histidine concentrations, while the corresponding tissue imidazole (anserine, carnosine and NAH) concentrations appeared to saturate differently with time. The expression level of liver histidase was not affected by the dietary histidine concentration, while the liver antioxidant response was affected in the VO diet-fed fish on a transcriptional level. The lowest severity of cataracts could be achieved by feeding 13·4Â g His/kg feed, independently of the dietary lipid source. However, the present study also suggests that the dietary histidine requirement to minimise the risk of cataract development is 14·4Â g His/kg feed. © 2014 The Authors.


Waagbo R.,National Institute of Nutrition And Seafood Research | Berntssen M.H.G.,National Institute of Nutrition And Seafood Research | Danielsen T.,CAC | Helberg H.,National Veterinary Institute | And 7 more authors.
Aquaculture Nutrition | Year: 2013

By feeding Atlantic salmon diets with 64% of the fish oil (FO) replaced by vegetable oil, and with decreasing fishmeal (FM) inclusion levels from 213, 178 and 143 g kg-1 (accumulated level during the seawater phase) in a full-scale experiment producing 3.1 thousand tonnes fish, no significant negative effects on fish performance, health and product quality were observed. All dietary groups showed, however, moderate intestinal inflammation. Reduced growth and feed efficiency were seen with decreasing fishmeal inclusion levels. Two dietary groups demonstrated net marine protein production, while none of the groups showed net fish production (FIFO ≥1.65) due to the equal low FO inclusion. High plant oil level gave lower fillet level of persistent organic pollutants (POPs) compared with the levels surveyed on the Norwegian market. The study gave predictable incorporation rates of essential n-3 long-chain fatty acids in the fillet. Cooked salmon fillet from all dietary groups showed minor differences in sensory quality. Based on the present full-scale production results, dietary FM inclusion down to 160 g kg-1 (accumulated) during the seawater phase, concurrent to replacing ~70% of the FO with a suitable plant oil, is not regarded to represent any risk to fish performance, health or quality. © 2013 John Wiley & Sons Ltd.


PubMed | Nutreco Aquaculture Research Center, Marine Harvest Group and National Institute of Nutrition And Seafood Research
Type: Journal Article | Journal: The British journal of nutrition | Year: 2014

The present study was carried out to investigate whether the dietary histidine requirement to reduce cataract development is higher than that for growth in Atlantic salmon smolts (Salmo salar L.) after seawater transfer and whether dietary vegetable oils contribute to cataractogenesis. Duplicate groups of salmon smolts were fed ten experimental diets with either fish oil (FO) or a vegetable oil (VO) mix replacing 70% FO and histidine at five target levels (10, 12, 14, 16 and 18g His/kg diet) for 13 weeks after seawater transfer. The VO diet-fed fish exhibited somewhat inferior growth and feed intakes compared with the FO diet-fed fish, irrespective of the dietary histidine concentration. Both cataract prevalence and severity were negatively correlated with the dietary histidine concentration, while lens N-acetyl-histidine (NAH) concentrations were positively correlated with it. The fatty acid profiles of muscle, heart and lens reflected that of the dietary oils to a descending degree and did not affect the observed cataract development. Muscle, heart and brain histidine concentrations reflected dietary histidine concentrations, while the corresponding tissue imidazole (anserine, carnosine and NAH) concentrations appeared to saturate differently with time. The expression level of liver histidase was not affected by the dietary histidine concentration, while the liver antioxidant response was affected in the VO diet-fed fish on a transcriptional level. The lowest severity of cataracts could be achieved by feeding 134g His/kg feed, independently of the dietary lipid source. However, the present study also suggests that the dietary histidine requirement to minimise the risk of cataract development is 144g His/kg feed.


News Article | November 2, 2016
Site: globenewswire.com

OSLO, Norway, Nov. 2, 2016 (GLOBE NEWSWIRE) -- Marine Harvest achieved an operational EBIT of EUR 180 million in the third quarter of 2016, compared to EUR 78 million in the corresponding quarter of 2015. Supported by the good results, a strong forward market, and a solid financial position, the Board has resolved a quarterly dividend of NOK 2.30 per share. - Driven by seasonally high salmon prices on strong demand and reduced supply, we achieved record high operational results. I am pleased that the hard work put in by all Marine Harvest employees results in positive earnings in all business segments and farming regions this quarter. It is especially encouraging to see that our business unit in Chile delivers positive earnings after many quarters with negative results. It is also very encouraging to see record high operational results in the Feed business area, says CEO Alf-Helge Aarskog. Marine Harvest Group reported operational revenues of EUR 850 million (EUR 752 million) in the third quarter of 2016. Total harvest volume was 97 215 tonnes in the quarter (105 963 tonnes). Harvest guidance for 2016 is 381 000 tonnes, which is 19 000 tonnes lower than the previous guidance. Biological challenges are concerning especially in Norway and Scotland. Harvest guidance for 2017 is 403 000 tonnes. Salmon of Norwegian origin achieved an operational EBIT per kilo of EUR 1.98 (1.25) in the third quarter, while salmon of Scottish and Canadian origin reported operational EBIT per kilo of EUR 0.60  and EUR 2.63  respectively (EUR 0.69 and EUR 0.14). Salmon of Chilean origin reported operational EBIT per kilo of EUR 1.44 in the quarter (EUR -0.72). The figures include contribution from Sales and Marketing, including MH Consumer Products. MH Consumer Products reported an operational EBIT of EUR 2.2 million (EUR 4.6 million).  MH Feed reported an operational EBIT of EUR 12.4 million (EUR 8.2 million). - The market balance going forward is expected to remain tight. Combined with the unparalleled market demand we have seen in 2016, the future looks promising. We will continue to ramp-up marketing efforts in important markets such as the US where we are about to open up a new processing plant in Dallas. Production costs are increasing and Marine Harvest will continue the work for lower production costs, says Aarskog. For further information, please contact: Ivan Vindheim, CFO, Mobile: +47 958 71 310 Kim Galtung Døsvig, IR Officer & Head of Treasury, Mobile: +47 908 76 339 About Marine Harvest Group Marine Harvest Group is the world's leading seafood company and largest producer of farmed salmon, with presence in 24 countries and a total of 12 400 employees worldwide. The company is headquartered in Bergen, Norway, and is listed on the Oslo Stock Exchange and New York Stock Exchange (NYSE). Please see www.marineharvest.com for further information. Forward looking statements This release may be deemed to include forward-looking statements, such as statements that relate to Marine Harvest's goals and strategies, salmon prices, ability to increase or vary harvest volume, production capacity, trends in the seafood industry, restructuring initiatives, exchange rate and interest rate fluctuations, expected research and development expenditures, business prospects and positioning with respect to market, demographic and pricing trends, strategic initiatives, and the effects of any extraordinary events and various other matters (including developments with respect to laws, regulations and governmental policies regulating the industry and changes in accounting policies, standards and interpretations) on Marine Harvest's business and results. Forward-looking statements are typically identified by words or phrases, such as "believe," "expect," "anticipate," "intend," "estimate," "may increase," "may fluctuate," "plan," "goal," "target," "strategy," and similar expressions or future or conditional verbs such as "may," "will," "should," "would," and "could." Forward-looking statements are Marine Harvest's current estimates or expectations of future events or future results. Actual results could differ materially from those indicated by these statements because the realization of those results is subject to many risks and uncertainties. Marine Harvest ASA's registration statement on Form 20-F filed in 2015, including the section captioned "Risk Factors," contain additional information about factors that could affect actual results, including: changes to the price of salmon including the value of our biological assets; hedging risks; risks related to fish feed; economic and market risks; environmental risks; operational risks; risks related to escapes, disease and sea lice; product risks; risks related to our acquisitions; financing risks; regulation risks including relating to food safety, the aquaculture industry, processing, competition and anti-corruption; trade restriction risks; litigation risks; tax and accounting risks; strategic and competitive risks; and reputation risks. All forward-looking statements included in this release are based on information available at the time of the release, and Marine Harvest assumes no obligation to update any forward-looking statement. This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.


News Article | February 15, 2017
Site: globenewswire.com

(Oslo, 15 February 2017) Marine Harvest achieved an operational EBIT of EUR 259 million in the fourth quarter of 2016, compared to EUR 90 million in the corresponding quarter of 2015. Supported by the good results, a strong forward market, and a solid financial position, the Board has resolved a quarterly dividend of NOK 2.80 per share. - Driven by high salmon prices on strong demand and reduced supply, we achieved record high operational results in the fourth quarter. It is very encouraging to see strong operational performance in all our entities, says CEO Alf-Helge Aarskog. Marine Harvest also achieved an all-time high operational EBIT for the full year of EUR 700 million, compared to EUR 347 million in 2015. - 2016 was a great year for Marine Harvest, with both record earnings and cash flow generation. I am very proud of the work all our colleagues have put in to achieve these results, Aarskog adds. Marine Harvest Group reported operational revenues of EUR 1,018 million (EUR 867 million) in the fourth quarter of 2016. Total harvest volume was 99 634 tonnes in the quarter (110 551 tonnes). Harvest guidance for 2017 is 403 000 tonnes, which is in line with the previous guidance. Salmon of Norwegian origin achieved an operational EBIT per kilo of EUR 2.70 (1.47) in the fourth quarter, while salmon of Scottish and Canadian origin reported operational EBIT per kilo of EUR 1.83  and EUR 3.33  respectively (EUR -0.30 and EUR 0.36). Salmon of Chilean origin reported operational EBIT per kilo of EUR 2.61 in the quarter (EUR -1.31). MH Consumer Products reported an operational EBIT of EUR 22.9 million (EUR 9.8 million).  MH Feed reported an operational EBIT of EUR 10.8 million (EUR 8.0 million). - We continue to strengthen the efforts in North America, with the new Dallas plant opening at the end of the fourth quarter and a new value-added facility opening in British Columbia in the end of the second quarter of 2017. Marine Harvest is also nominated to purchase farming assets on the East Coast of Canada, which in the future can further strengthen our supply to the North American market, says Aarskog. For further information, please contact: Ivan Vindheim, CFO, Mobile: +47 958 71 310 Kim Galtung Døsvig, IR Officer & Head of Treasury, Mobile: +47 908 76 339 About Marine Harvest Group Marine Harvest Group is the world's leading seafood company and largest producer of farmed salmon, with presence in 24 countries and a total of 12 400 employees worldwide. The company is headquartered in Bergen, Norway, and is listed on the Oslo Stock Exchange and New York Stock Exchange (NYSE). Please see www.marineharvest.com for further information. Forward looking statements This release may be deemed to include forward-looking statements, such as statements that relate to Marine Harvest's goals and strategies, salmon prices, ability to increase or vary harvest volume, production capacity, trends in the seafood industry, restructuring initiatives, exchange rate and interest rate fluctuations, expected research and development expenditures, business prospects and positioning with respect to market, demographic and pricing trends, strategic initiatives, and the effects of any extraordinary events and various other matters (including developments with respect to laws, regulations and governmental policies regulating the industry and changes in accounting policies, standards and interpretations) on Marine Harvest's business and results. Forward-looking statements are typically identified by words or phrases, such as "believe," "expect," "anticipate," "intend," "estimate," "may increase," "may fluctuate," "plan," "goal," "target," "strategy," and similar expressions or future or conditional verbs such as "may," "will," "should," "would," and "could." Forward-looking statements are Marine Harvest's current estimates or expectations of future events or future results. Actual results could differ materially from those indicated by these statements because the realization of those results is subject to many risks and uncertainties. Marine Harvest ASA's registration statement on Form 20-F filed in 2015, including the section captioned "Risk Factors," contain additional information about factors that could affect actual results, including: changes to the price of salmon including the value of our biological assets; hedging risks; risks related to fish feed; economic and market risks; environmental risks; operational risks; risks related to escapes, disease and sea lice; product risks; risks related to our acquisitions; financing risks; regulation risks including relating to food safety, the aquaculture industry, processing, competition and anti-corruption; trade restriction risks; litigation risks; tax and accounting risks; strategic and competitive risks; and reputation risks. All forward-looking statements included in this release are based on information available at the time of the release, and Marine Harvest assumes no obligation to update any forward-looking statement. This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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