Marine Harvest reported a slaughter volume of close to 100,000 metric tons for the first quarter, exceeding analysts’ expectations, with earnings below forecasts.
The Norway-based, Oslo-listed giant, the world’s largest salmon farmer, reported operational earnings before interest and taxes (EBIT) of approximately NOK 270 million (€35.8 million/$47 million) for the first quarter of 2012, down 71 percent year-on-year.
Marine Harvest's EBIT of approximately NOK 270 million is “significantly below our estimate of NOK 320 million (€42.4 million/$55.7 million) and consensus of NOK 311 million (€41.2
