A pen free of polystyrene. Photo: AKVA group.

High inflation and cost provisions hit AKVA Group results in Q2 2022

Despite record revenues, high inflation rates and one-time cost provisions negatively affected AKVA Group's profitability in Q2 2022. The 9% increase in revenues versus the same period last year, totaling NOK 907 million (€92.54 million) was not enough to offset the sharp rise in costs and, as anticipated in early August, it has finally been…

ByMarta Negrete4 days ago0Comments

News

AKVA group reports €4M loss in preliminary Q2 result

And strong revenues with cost related headwinds According to a preliminary Q2 report, AKVA group is expecting a strong revenue impact by increased costs from high inflation rates, warranty, and cost provisions. EBIT is expected to be negative of MNOK 41 for Q2 22. The strong revenues detail of MNOK 907 in Q2 22, represents…

ByRocio Álvarez JiménezAugust 3, 20220Comments

In Depth

How much would you be willing to pay?

Inflation is a word that has increased its presence lately in daily analyzes and reports. Predictably, we will continue to hear it in the upcoming months. Struggle to source raw materials, fewer employees for labor, unreliable cold chains, and processing shutdowns are causing a reduction in supply. Along with this, higher consumer demand catalyzes inflation.…

ByRocio Álvarez JiménezJune 28, 20220Comments

News

Canada’s Salmon farmers welcome government’s decision to renew salmon farming licences

In British Columbia The Canadian Aquaculture Industry Alliance (CAIA) and the BC Salmon Farmers Association (BCSFA) welcome the federal government’s decision to renew the licenses of salmon farms in British Columbia. Also, they think establishing a process for salmon farms in the Discovery Islands is good for Canadians. Finally, the scientific evaluation process and independent…

ByRocio Álvarez JiménezJune 23, 20220Comments

News

Higher cost of living drives British to buy less fish

According to NielsenIQ data NielsenIQ data released on Wednesday show that British volume sales of meat, fish, and poultry had fallen 13% in the four weeks to April 23 year-on-year due to the cost of living crisis. This fall in demand cames after the significant rise prices in UK suffered. British people find themselves with…

ByRocio Álvarez JiménezMay 5, 20220Comments

News

Supply issues and consumers pockets to affect indistinctly the price of salmon

Supply and demand, who will win? The salmon industry is on hold as the price of salmon can still increase because of the supply issues. Conversely, because of inflation and economic animosity on consumers demand could be affected and so benefits will start to decrease. The supply growth is expected to be negative this year.…

ByRocio Álvarez JiménezApril 16, 20220Comments

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