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Marine Harvest ASA (MHG.OL)

MHG.OL on Oslo Stock Exchange

13 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Leroy Seafood CEO says salmon price rebounding from lows
Thursday, 9 Nov 2017 03:31am EST 

Nov 9 (Reuters) - Leroy Seafood Group Asa :CEO Henning Beltestad says spot price for Norwegian farmed salmon sharply rebounding in current week from recent fall.CEO says salmon prices and volumes likely to be less volatile in 2018 versus 2017.  Full Article

Marine Harvest cuts 2017 salmon output forecast, predicts strong demand
Wednesday, 1 Nov 2017 01:30am EDT 

Nov 1 (Reuters) - Marine Harvest Asa :q3 operational ebit eur ‍194​ million (reuters poll eur 191 million).quarterly dividend of nok ‍3.40​ per share (reuters poll nok 3.09).q3 revenue eur ‍868​ million (reuters poll eur 908 million).q3 harvest volume ‍95,338​ thousand tonnes (reuters poll 95,500 tonnes).sees 2017 harvest of ‍369​,000 tonnes versus previous guidance of 377,000 tonnes (reuters poll 372,000 tonnes).‍harvest guidance for 2017 has been reduced to 369,000 tonnes because of biological issues in norway.sees 2018 harvest of 410‍​,000 tonnes (Reuters poll 412,000).Sees strong demand and modest supply growth expected going forward‍​​.‍pleased to see that our value-added production continues its improvements in a challenging quarter​.‍driven by high salmon prices on strong demand and improved contributions from our sales contracts, we achieved record high operational results in q3​.‍continues to have utmost focus on cost reduction throughout organization​.sees 2017 global industry supply growth at 4-6 percent versus previous outlook of 3-5 percent.sees 2018 global industry supply growth at 4-9 percent.says analysts kontali predict 3 percent global growth in salmon supply in 2019.sees 2017 norway harvest of 210‍​,000 tonnes versus previous guidance of 217,000 tonnes (reuters poll 213,000 tonnes).sees 2018 norway harvest of 249‍​,000 tonnes.  Full Article

Marine Harvest Q3 earnings beat forecast despite lag in output
Monday, 16 Oct 2017 12:30am EDT 

Oct 16 (Reuters) - Marine Harvest Asa :Q3 operational ebit EUR ‍191​ million (reuters poll EUR 189 million).Q3 harvest volume ‍95,500 tonnes (reuters poll 101,000 tonnes).‍reported net interest bearing debt (nibd) was approximately EUR 665 million at end of quarter​.‍Zomplete q3 2017 report will be released on Nov 1 at 06:30 CET​.  Full Article

Marine Harvest cuts 2017 output guidance more than expected
Thursday, 24 Aug 2017 12:30am EDT 

Aug 24 (Reuters) - Marine Harvest Asa :q2 operational ebit eur 198 million versus preliminary eur 196 million reported on july 14.proposes quarterly dividend of nok 3.20 per share.q2 revenue eur 884 million (reuters poll eur 858 million).sees 2017 harvest of 377,000 tonnes versus previous guidance of 403,000 tonnes (reuters poll 394,000 tonnes).sees 2017 norway harvest of 217,000 tonnes versus previous guidance of 242,000 tonnes (reuters poll 234,000 tonnes).sees 2017 global industry supply growth at 3 to 5 percent versus previous outlook of 1 to 5 percent.Says kontali estimates global supply growth of 7 percent in 2018.2017 volume guidance reduced by 26,000 tonnes to 377,000 tonnes as a result of biological issues in Norway.  Full Article

Marine Harvest signs EUR 1,206 mln credit facility
Friday, 9 Jun 2017 12:47am EDT 

June 9 (Reuters) - Marine Harvest Asa ::Has signed the senior secured five-year EUR 1,206 million.multicurrency revolving credit facility with DNB,.Nordea, ABN Amro, Rabobank, Danske Bank and SEB..The Facility Agreement includes an accordion increase option, which provides flexibility for the parties to.agree an increased size of the Facility Agreement by an additional EUR 200 million during the five-year term.The principal financial covenant of the Facility Agreement is an equity ratio of minimum 35% and remains unchanged to.the existing bank loan..  Full Article

Marine Harvest sees downside risk to lowered global 2017 supply forecast
Wednesday, 15 Feb 2017 02:48am EST 

Marine Harvest Asa : CFO Ivan Vindheim says the main risk to global 2017 salmon supply outlook is still on the downside of the company's forecast range, despite a downward revision of its view on Wednesday . Marine Harvest now expects the industry's global output in 2017 to change by a factor of minus 1 to plus 4 percent, below its previously estimated range of 0-6 percent . Marine Harvest maintained the company's own output growth forecast in Wednesday's Q4 earnings report Further company coverage: [MHG.OL] (Reporting by Ole Petter Skonnord, editing by Terje Solsvik) ((terje.solsvik@thomsonreuters.com;)).  Full Article

Marine Harvest says to terminate NYSE listing
Wednesday, 15 Feb 2017 12:33am EST 

Marine Harvest Asa : Intention to terminate New York Stock Exchange listing and deregister under the u.s. Securities exchange act of 1934 . In the future, the Shares will continue to be listed on the Oslo Stock Exchange only . Only about 3 percent of the worldwide trading volume in the Shares (in the form of Shares or ADSs) in the past 12 months occurred in the United States . The delisting and deregistration will enable us to simplify financial reporting processes, while maintaining the same high-quality IFRS compliant financial reporting and disclosures. Corporate governance will not be affected .Capital expenditure budget for 2017 is approximately eur 240 million and working capital investments are expected to be in the range of eur 120 million.  Full Article

Marine Harvest raises Q4 dividend to NOK 2.8/shr from 2.3 in Q3
Wednesday, 15 Feb 2017 12:30am EST 

Marine Harvest Asa : Marine harvest q4 operational ebit eur 259 million versus eur 257 million in preliminary jan 18 statement (reuters poll eur 257 million) . Marine harvest proposes q4 dividend of nok 2.80 per share versus nok 2.3 in q3 . Marine harvest q4 revenues eur 1,018 million (reuters poll eur 974 million) . Marine harvest sees 2017 harvest of 403,000 tonnes versus previous forecast 403,000 (reuters poll 399,000) . Says market balance expected to remain tight in 2017 . Marine harvest sees q1 harvest volume 84,000 tonnes .Capital expenditure budget for 2017 is approximately eur 240 million and working capital investments are expected to be in the range of eur 120 million.  Full Article

Marine Harvest rejects biomass flexibility proposal
Thursday, 1 Sep 2016 01:36am EDT 

Marine Harvest Asa : After due consideration including length of the trial period, cost, potential output and sustainability Marine Harvest has decided to not apply for flexible maximum allowed biomass .The Norwegian Fishery Directorate on June 30 offered Norwegian salmon farmers increased flexibility with regards to meeting the maximum biomass regulations.  Full Article

Marine Harvest executive sold 15,000 shares
Monday, 29 Aug 2016 02:03am EDT 

Marine Harvest Asa : Oeyvind Oaland, research and development global director in Marine Harvest ASA, sold 15,000 shares in the company at a price of nok 130.21 per share .Subsequent to this transaction Oaland holds 4,388 shares and 51,089 unexercised options in Marine Harvest.  Full Article

Marine Harvest: Norway regulator again rejects "Donut" fish farm volume plan

* The Norwegian Directorate of Fisheries has again turned down fish farmer Marine Harvest's application for farming volumes related to its experimental "Marine Donut" concept