At its plant in Norway Aker Seafoods registered increased in production of fresh products in Q3 2009 compared to the same period last year. The company said that the sales of fresh products were increased due to the operations in France and Denmark. However, prices for cod and haddock were lower than in the corresponding quarter of last year. According to the company the operating revenues came to NOK 609 million for the third quarter, compared with NOK 586 million in the same period of 2008.
Aker Seafoods achieved earnings before interest, taxes, depreciation and amortisation (EBITDA) of NOK 36 million for the third quarter, compared with a loss of NOK 13 million in the same period of 2008. It is said that July-September 2009 was the group’s best ever third quarter measured by EBITDA, and represents a substantial improvement from the same three months last year.
Aker Seafoods’ CEO Yngve Myhre said that the harvesting segment is showing a positive development and sales were somewhat higher in the third quarter compared with the same period of last year. He added that the processing Norway segment was affected during the period by limited the availability of raw material, particularly from external suppliers.
