BioMar reports volume sales up and an increase in revenue in Q2 2022

BioMar has reported year-on-year volume sales up by 9% and an increase in revenue by 42% corresponding to Q2 2022. Moreover, earnings went up by 24% compared to Q2 2021. According to the company, this improvement was driven by higher sales volumes, raw material prices, and to some extent currency rate development. Also, it…

ByRocio Álvarez Jiménez3 days ago0Comments

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Rabobank hints a decline in salmon and shrimp farmer profits during second half of the year

On the other hand, fish meal prices will benefit from the high prices of alternatives Rabobank has reported through its Global Aquaculture Update 2H 2022 that salmon and shrimp farmer profits are "likely" to decline from recent highs. On the other hand, fish meal prices will benefit from the high prices of alternatives. Thereby, the…

ByRocio Álvarez JiménezJuly 27, 20220Comments

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Decreasing number of king crab catches in Norway as prices go higher

According to Norges Råfisklag The Norwegian sales organization, Norges Råfisklag, has informed that 40 tonnes of king crab worth NOK 16.6 million were fished in week 28, down from 42 tonnes/16 million the week before. Further, the average price for A-quality male crab was NOK 481/kg, up from NOK 475/kg the week before. Also, the organization…

ByRocio Álvarez JiménezJuly 22, 20220Comments

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Marel’s Q2 2022 results force to reduce the workforce

It will allow an estimated cost saving of EUR 20 million Marel’s preliminary and unaudited financial results for the second quarter of 2022 have forced to reduce headcount by 5% across the global Marel workforce. According to the company, this will result in an estimated annualized cost saving of EUR 20 million. Along with the…

ByRocio Álvarez JiménezJuly 20, 20220Comments

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Mowi reports an operational EBIT of approximately €320M in Q2 2022

An increase of 133% from the same quarter in 2021 Mowi ASA has reported that the operational EBIT was approximately EUR 320 million in Q2 2022. In other words, an increase of 133% from the same quarter in 2021 (EUR 137 million). According to the company’s quarterly trading update, the total operational EBIT per kg…

ByRocio Álvarez JiménezJuly 18, 20220Comments

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Qrill Aqua provides high sales volumes and prices during Q2 2022 to Aker BioMarine

Revenues of USD 73 million and an Adjusted EBITDA of USD 21 million Aker BioMarine has reported revenues of USD 73 million and an Adjusted EBITDA of USD 21 million for the second quarter of 2022. The company confirmed these data have been especially driven by high sales volumes and prices for Qrill Aqua. Other…

ByRocio Álvarez JiménezJuly 14, 20220Comments

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“I firmly believe salmon demand will continue to boost”, says CEO from Mowi

During the presentation of Mowi’s first quarter 2022 report, CEO Ivan Vindheim commented salmon is a "fantastic product with great product features and the beneficiary of strong megatrends". "I firmly believe this will continue to boost demand going forward," he insisted. Ivan Vindheim - LinkedIn profile The surge in salmon prices in all markets allowed the good…

ByRocio Álvarez JiménezMay 11, 20220Comments

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