Lerøy Seafood Group reported falls in both earnings and revenue due to a significant drop in farmed salmon harvests in the quarter.

Earnings before interest, tax, amortization and demortization (EBITDA) fell 16 percent to NOK 934 million (€95.3 million/$106.5 million) in the first three months of the year thanks to a 14 percent decrease in harvests to 32,317 metric tons.

Prices couldn't save the production drop, as EBITDA per kilo for the company's salmon and trout fell 16 percent, from NOK 20.80