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Austevoll Seafood reports higher Q4, lower 2012 figures

Austevoll fish meal. (Photo: Austevoll)

(NORWAY, 2/27/2013)

Austevoll Seafood ASA’s income in Q4 2012 totalled NOK 2.9 billion (EUR 388 million), up from NOK 2.6 billion (EUR 347.9 million) in Q4 2011, due to the higher volume of sales and higher prices reached for fishmeal and fish oil, despite lower prices achieved for canned products.

EBITDA was NOK 244 million (EUR 32.7 million) compared with NOK 239 million (EUR 32 million) in Q4 2011.

For 2012, the Group reported operating income of NOK 11.8 billion (EUR 1.6 billion) compared to 2011’s NOK 12.2 billion (EUR 1.63 billion). EBITDA before value adjustment for biomass was NOK 1.3 billion (EUR 174 million) versus NOK 2 billion (EUR 267.6 million).

Prices for fishmeal and fish oil gradually rose throughout the year, and in Q4 2012, these prices increased even ... (More Info)

Previous news:

Austevoll takes over 70pc of Norway Pelagic
Austevoll's income drops in Q3
Revenues climb for Austevoll Seafood but profits fall
IN BRIEF - Austevoll's presentation of Q2 2011 results
IN BRIEF - Merger between Austevoll Fisk AS and Norway Pelagic AS registered in register of business enterprises
IN BRIEF - Completion of merger between Austevoll Fisk AS and Norway Pelagic AS
IN BRIEF - Austevoll´s minutes of ordinary General Meeting

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