The Scottish Salmon Co. has said “industry-wide biological challenges” will weigh on the volumes it expects to harvest this year.

The company has forecast it will harvest 25,000 tonnes in 2017, up slightly from the 24,342 tonnes harvested last year but down on the 25,569 harvested in 2015.

“Performance has remained stable but we recognise that the effects of recent health issues have impacted on our projected growth in the short term,” CEO Craig Anderson said.

The Scottish Salmon Co. said the fall in volumes it harvested in 2016 was due to “unprecedented mortalities and ongoing biological challenges, issues being faced by the whole industry”.

Higher prices helped to offset the lower volumes, with the company’s net operating revenues hitting GBP109.9m (US$137m), up from GBP100.4m in 2015.

The group’s EBIT stood at GBP11.6m, boosted by a fair value adjustment on biomass of GBP11.3m. The Scottish Salmon Co. said its EBITDA – which it calculates as before depreciation and the fair value adjustment – was GBP8.9m, down from GBP10.6m in 2015.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Anderson added: “We continue to make good progress in delivering our strategy for long-term sustainable growth.”