Operational EBIT for Grieg Seafood was NOK -67 million in the fourth quarter, compared to NOK 156 million in the corresponding period 2022.
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Harvest volume was 21,767 tonnes during the period (21,186), which gives an operational EBIT per kg of NOK -3.1 (7.4).
Operational EBIT/kg in Rogaland ended at NOK 10.4 (13.8) and was impacted by a superior share of 86% compared to 91% in the corresponding period last year, and somewhat unfavourable timing of harvest.
Underlying production was good, with a strong 12-months survival rate at 94%. The farming cost ended at NOK 67.2 per kg during the quarter, up from NOK 54.6 per kg in Q4 2022 and NOK 65.8 per kg in Q3 2023. The increase in cost mainly relates to historical ISA events and lower harvest volume.
In Finnmark, harvest volume for the quarter ended at 10,387 tonnes, 1,800 tonnes below guidance. The lower volume is mainly related to impact from the Spiro-parasite, winters ulcers and string jellyfish.
Operational EBIT/kg ended at NOK 6.2, impacted by weak biological performance and lower price achievement due to a superior share of 64%.
Operational EBIT/kg in British Colombia was negative NOK 7.9, compared to negative NOK 22.9 in Q4 2022. Farming cost was impacted by historical biological issues and write downs. However, seawater performance was good during the quarter, with a 12-month survival rate of 91%.
In Newfoundland, an important milestone was reached this quarter when the company started harvesting of the first generation of fish.
Total harvest volume during the quarter was 3,184 tonnes. This is some 1,800 tonnes below guidance, postponed to 2024 due to weather conditions and positive market expectations. Realized price was NOK 74.0 per kg and the superior share was 97%. ■
A hyperactive weather pattern will bring an expansive low pressure system across mainland U.S., resulting in widespread impactful weather to progress from west to east across the country through the next few days.