A strong start for SSC

The Scottish Salmon Company (SSC) has had a strong start to the year, recording revenues in Q1 of £27.3m and growing in international markets.

The company achieved increased harvest volumes for the quarter on this time last year, with 6,261 tonnes, an increase of almost 4% on Q1 2014. It’s also recorded a strong EBIT/kg before fair value biomass adjustment, at £0.75kg and higher than the £0.68kg achieved in Q1 2014. 

“We delivered a record breaking year in 2014 and with strong results for Q1 2015 we intend to continue to build on this success and ensure sustainable growth is achieved for the business and our shareholders,” said Craig Anderson, managing director. “Maintaining customer partnerships and exports will remain a key priority during the year.”

During the first quarter, SSC also saw a rise in demand for sustainable salmon from overseas, and continued to build upon its international success as well as increasing its reach into new territories through an intensive global trade programme. As a result, the company has increased its export activity, now selling to a total of 24 countries.

“2015 is already providing some strong opportunities with an added focus on the food sector resulting from Scotland’s Year of Food and Drink. We continue to have a strong platform for development with export sales now accounting for 45% of revenue,” Mr Anderson added.

“Our focus and efforts around Scotland’s Year of Food and Drink will continue to reinforce the nutritional benefits of our salmon, as well as our leading sustainable production methods that will support the growing international demand for Scottish salmon,” he concluded.

As part of SSC’s ongoing commitment to growth in Scotland and the development of new and existing sites in the Hebrides, preparatory work is currently underway on two new sites to be stocked this Autumn.

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