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    Home > Food News > Food Articles > Strong salmon prices, top Norwegian producers' performance in the first quarter

    Strong salmon prices, top Norwegian producers' performance in the first quarter

    • Last Update: 2022-08-12
    • Source: Internet
    • Author: User
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    In the first quarter of this year, against the backdrop of rising international salmon prices, the performance of Norway 's leading aquaculture producers has skyrocketed, with Mowi almost doubling its pre-tax profit and Grieg achieving its best profit ever level, SalMar and Leroy achieved substantial increases in pre-tax profi.
     
    Meiwei: In the first quarter, the total output of Meiwei salmon reached 96,600 tons, and the profit before interest and tax (EBIT) was about 207 million euros, an increase of 90% over the same period last ye.
    With the exception of Scotland, EBIT increased year-on-year in all regio.
    Meiwei expects the annual output in 2022 to be about 460,000 tons, 5,600 tons less than in 202
     
    In the first quarter, EBIT in the US-Norwegian region doubled from EUR 72 million to EUR 151 milli.
    Meiwei expects that the cost of production areas in Norway will rise in the second quarter as production declines, and the cost of breeding in the second half of the year will decline as production recove.
     
    Maverick Canada turned a loss, with EBIT turning around to a profit of 25 million euros from a loss of 9 million euros in the same period last ye.
    Mawei Chile EBIT increased to 21 million euros from 8 million euros in the same period last year, due to a higher proportion of contracted sales in Chile, resulting in lower profi.
     
    EBIT in Maui Wei increased from €8 million to €18 million, while EBIT in Scotland fell from €42 million to €2 milli.
     
    Salma: Revenue in the first quarter reached NOK 68 billion, compared to NOK 2 billion in the same period last ye.
    EBIT rose 100% year over year to NOK 26 billi.
     
    In the first quarter, Salma salmon output was about 45,000 tons, compared with 36,900 tons in the same period last ye.
    Salma expects Norway to produce 175,000 tonnes in 2022, Iceland 16,000 tonnes and Scotland 46,000 tonn.
    In the second quarter, the proportion of Salma salmon contract sales will reach 60%, and the proportion of contract sales for the whole year will be about 3
     
    Larry: Revenue in the first quarter was NOK 524 billion, a year-on-year increase of 12%; EBIT was NOK 852 million, an increase of 87% year-on-ye.
    In the first quarter, the output of salmon was 32,057 tons, down 24% year-on-year, and the output of caught whitefish was 25,116 tons, down 2% year-on-ye.
     
    In recent years, the quality of Lairui salmon has declined due to frostbite in wint.
    It has improved significantly in the first quarter of this year, and the proportion of high-quality products has increased significant.

    In 2022, Lairui's breeding costs will increase by NOK 3-4/kg over last year, mainly due to feed prices and inflati.

     
    Grieg: In the first quarter of this year, Grieg turned a profit, with EBIT increasing to NOK 453 million, compared with a loss of NOK 16 million in the same period last ye.

    The gross profit margin of farming has improved significantly, with the gross profit margin of EBIT per kilogram reaching NOK 28/kg, more than double the same period last ye.

     
    In the first quarter, Grieg salmon production reached 16,916 tons, a year-on-year increase of 24%; production is expected to reach 22,300 tons in the second quarter and 90,000 tons in 2022, an increase of 17% over last ye.

     
    Andreas Kvame, CEO of Grieg, said: "The company's first-quarter results were the best I've seen in my 26 years in the salmon indust.

    The market was very strong, with all sizes breaking records and Grieg achieving our best ever performan.

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    breeding
     
    Meiwei: In the first quarter, the total output of Meiwei salmon reached 96,600 tons, and the profit before interest and tax (EBIT) was about 207 million euros, an increase of 90% over the same period last ye.

    With the exception of Scotland, EBIT increased year-on-year in all regio.

    Meiwei expects the annual output in 2022 to be about 460,000 tons, 5,600 tons less than in 202
     
    In the first quarter, EBIT in the US-Norwegian region doubled from EUR 72 million to EUR 151 milli.

    Meiwei expects that the cost of production areas in Norway will rise in the second quarter as production declines, and the cost of breeding in the second half of the year will decline as production recove.

     
    Maverick Canada turned a loss, with EBIT turning around to a profit of 25 million euros from a loss of 9 million euros in the same period last ye.

    Mawei Chile EBIT increased to 21 million euros from 8 million euros in the same period last year, due to a higher proportion of contracted sales in Chile, resulting in lower profi.

     
    EBIT in Maui Wei increased from €8 million to €18 million, while EBIT in Scotland fell from €42 million to €2 milli.

     
      Salma: Revenue in the first quarter reached NOK 68 billion, compared to NOK 2 billion in the same period last ye.

    EBIT rose 100% year over year to NOK 26 billi.

     
      In the first quarter, Salma salmon output was about 45,000 tons, compared with 36,900 tons in the same period last ye.

    Salma expects Norway to produce 175,000 tonnes in 2022, Iceland 16,000 tonnes and Scotland 46,000 tonn.

    In the second quarter, the proportion of Salma salmon contract sales will reach 60%, and the proportion of contract sales for the whole year will be about 3
     
      Larry: Revenue in the first quarter was NOK 524 billion, a year-on-year increase of 12%; EBIT was NOK 852 million, an increase of 87% year-on-ye.

    In the first quarter, the output of salmon was 32,057 tons, down 24% year-on-year, and the output of caught whitefish was 25,116 tons, down 2% year-on-ye.

     
      In recent years, the quality of Lairui salmon has declined due to frostbite in wint.

    It has improved significantly in the first quarter of this year, and the proportion of high-quality products has increased significant.

    In 2022, Lairui's breeding costs will increase by NOK 3-4/kg over last year, mainly due to feed prices and inflati.

     
      Grieg: In the first quarter of this year, Grieg turned a profit, with EBIT increasing to NOK 453 million, compared with a loss of NOK 16 million in the same period last ye.

    The gross profit margin of farming has improved significantly, with the gross profit margin of EBIT per kilogram reaching NOK 28/kg, more than double the same period last ye.

     
      In the first quarter, Grieg salmon production reached 16,916 tons, a year-on-year increase of 24%; production is expected to reach 22,300 tons in the second quarter and 90,000 tons in 2022, an increase of 17% over last ye.

     
      Andreas Kvame, CEO of Grieg, said: "The company's first-quarter results were the best I've seen in my 26 years in the salmon indust.

    The market was very strong, with all sizes breaking records and Grieg achieving our best ever performan.

    resul.

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