Marine Harvest third quarter trading update is better than expected due to higher volumes, according to Nordea Bank's senior analyst Kolbjorn Giskeodegaard.
The trading update estimates the Q3 earnings before interest and taxes (EBIT) at €178 million ($195.4 million) up from the consensus of €172 million ($188.8 million) and Nordea’s estimate of €170 million ($186.6 million).
The company has also harvested 97,000 metric tons in the quarter compared to a guided 94,000 metric tons.
“The positive volume deviation is the main reason for a higher than expected EBIT and the high EBIT itself reflect a record strong price environment of NOK 60 (€65.8/$7.3)
