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Provider: Reuters Investment Profile
Provider: Wright Reports

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Grieg Seafood ASA Raises FY 2012 Production Guidance, Issues Q4 2012 Production Guidance and FY 2013 Production Guidance

Friday, 2 Nov 2012 01:01am EDT 

Grieg Seafood ASA announced that it expects a harvested volume of 72,500 tons in the fiscal year 2012 (up 2,500 tons compared to previous guiding), compared with 60,082 tons in the fiscal year 2011. The harvested volume in the fourth quarter of 2012 is expected to be approximately 20,000 tons, an increase of 9% on the fourth quarter of 2011. The expected harvested volume has been increased slightly for Shetland (up 2,000 tons) to take account of the new merged production zone on the west coast of Shetland. This is a shift from 2012 to 2013. There is also an increase in Finnmark (up 500 tons). The harvested volume in 2013 is expected to be 70,000 tons, with a volume increase in Norway (up 5,500 tons) and a reduction in both Shetland (down 3,000 tons) and, in particular, Canada (down 5,000 tons). The shift between 2012 and 2013 may be in the form of an adjustment to take account of production and market conditions. 

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