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Mowi ASA — Earnings Release 2010
Jan 13, 2011
3665_rns_2011-01-13_16fcfc1f-0b49-43d0-896b-0ae1686eec1e.html
Earnings Release
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UPDATE AFTER THE END OF Q4 2010
Harvest volumes Q4 2010 (1)
MH Norway 60 thousand tonnes
MH Chile (2) 7 thousand tonnes
MH Canada 9 thousand tonnes
MH Scotland 10 thousand tonnes
Other 4 thousand tonnes
Total 90 thousand tonnes
In connection with the presentation of the Q3 2010 results, Marine Harvest
guided a total harvest volume of 87 thousand tonnes (HOG) for Q4 2010.
Notes:
(1) The harvest volumes are provided in head on gutted (HOG) equivalents. The
figures include salmonid species only.
(2) Sold own volume for Chile
Additional information
Operational EBIT for the Group was approximately NOK 1,050 million in Q4 2010.
Operational EBIT per kg for MH Norway was approximately NOK 13 in the quarter.
The Group's estimated harvest volume for 2011 has been increased by 18 thousand
tonnes (HOG), to 340 thousand tonnes (HOG), relative to the guidance provided in
connection with the Q3 2010 presentation. Close to 50% of the increase is
related to MH Norway.
MH Norway's customers are showing a strong interest for entering into contracts
with duration throughout 2011 at prices up to NOK 40 per kg (HOG, FCA Oslo).
Marine Harvest will release its Q4 2010 results on 9 February at 0700 CET.
For further information please contact:
Jørgen K Andersen (CFO) +47 951 43 854
Henrik Heiberg (VP Finance & Treasury) +47 917 47 724
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
[HUG#1479354]