News - page 55

Following the sale of EWOS, Cermaq will transform into one company dedicated to salmonid farming. The recently announced change to a common name and identity, from Mainstream to Cermaq, is part of this transformation.  Another transformation is the establishment of a new corporate management team that will integrate the operational units and corporate staff functions closer together? According to Cermaq...

Every two years the fish industry puts a red ring around February in their diary: that is when their firmly established trade fair “fish international” takes place in Bremen. Alongside the well-tried mix of product presentation, discussion of current topics, and ample opportunities for building or nurturing business contacts, Germany’s only fish trade fair always has some new topics on its agenda, according to the organizers...

As a company focused in fish farming only, Cermaq will introduce Cermaq as name for all parts of its operations. The change of names follows the sale of the feed division EWOS, which was completed 31 October. The new name for Cermaq's farming companies will be implemented in the near future? According to Cermaq...

Cermaq's pro forma EBIT pre fair value was NOK 113 million in third quarter 2013 versus a loss of NOK 97 million in third quarter 2012. The improvement is primarily due to higher salmon prices which have lifted earnings in all farming regions. Cermaq expects to increase its sales volume by 14% in 2014, half of this increase will be in Norway and Canada, according to the company...

With reference to the stock exchange notification 23 July 2013, the sale of EWOS Group from Cermaq to Altor Fund III and Bain Capital has today been completed. The transaction was closed at the previously announced enterprise value of NOK 6.5 billion, according to Cermaq...

AKVA group ASA and OJSC Russian Sea Group have signed a new contract for two complete AKVA Cage Farms to be installed in the salmon farming operations of Russian Sea - Aquaculture LLC in the Murmansk region, according to ARVA group ASA.

Oslo, 23rd October 2013: Morpol's consolidated operating revenue in Q3 2013 amounted to EUR 140.4 million, which was higher by EUR  32.9  million in comparison to the same period last year, according to the company.

(Oslo, 23 October 2013) The Marine Harvest Group achieved an operational EBIT of NOK 793 million in the third quarter of 2013, compared to NOK 73 million in the corresponding quarter of 2012. Cash flow from operations was NOK 559 million (Q3 2012: 237 million), according to Marine Harvest ASA.

Cermaq reported an EBIT pre fair value for the second quarter of 2013 of NOK 229 million compared to NOK 60 million in second quarter 2012. The improved result was driven by a tighter salmon market and stronger prices

The Marine Harvest Group achieved an operational EBIT of NOK 901 million in the second quarter of 2013, compared to NOK 231 million in the corresponding quarter of 2012. Cash flow from operations was NOK 1 123 million

The Russian salmon fishery at Sakhalin is doing well.

HAVFISK achieved an EBITDA of NOK 32 million in the second quarter 2013, a reduction of NOK 6 million compared to the second quarter in 2012. EBIT in the second quarter 2013 came to NOK 14 million against NOK 17 million in the corresponding period in 2012. Operating revenues in the second quarter totalled NOK 157 million. This is NOK 40 million lower compared to the same period in 2012

Following a strategic review of the Morpol sales organisation, the company announces today that the US sales office, Morpol America, will close on the 30th of August 2013

Russian pollock fleets have sharply increased production of sea-frozen fillet blocks.

Two of HB Grandi’s three fresher trawlers have taken their mackerel quotas for the year, according to HB Grandi...

Faxi RE docked at Vopnafjördur a couple of days ago with the first catch of the summer season for herring and mackerel. The bulk of the 360 tonne catch is mackerel, with only 50 tonnes of herring caught this trip, according to HB Grandi....

In connection with the presentation of the Q1 2013 results, Marine Harvest guided a total harvest volume of 80 thousand tonnes (HOG) for Q2 2013 and the actual result was not much far from the forecast, according to Marine Harvest....

An extraordinary General Meeting in Cermaq ASA was held yesterday, according to Cermaq ASA.... 

Reference is made to the release from Copeinca to the Oslo Stock Exchange on 24. June 2013.

The offer of NOK 6.2 billion implies an enterprise value of 10 times the market consensus EBIT for EWOS in 2013.