The Scottish Salmon Company (SSC) PLC’s Q3 results revealed its performance has improved over the year to date compared to 2012.
Cost of production was higher in Q3 than in Q2 as salmon was harvested from its smaller, more remote sites, where stock was affected by last year’s incidence of Amoebic Gill Disease (AGD).
Market prices, however, remained strong and contracts renegotiated in June secured improved revenues.
Craig Anderson, managing director, Scottish Salmon Company Ltd, said: “The global outlook for salmon remains positive. There continues to be strong demand and the expectation is that prices will remain firm.”
“Analysts continue to forecast strong demand for fresh salmon boosting price expectations over the next couple of years. Reports continue to show increased consumption with the global traded price for salmon anticipated to remain firm,” added Mr Anderson.
The SSC reported revenues of £18.4m achieved on harvest volumes of 4,531 tonnes. Volume harvested in Q3 at was lower than in Q3 2012 (6,607), with a loss of volume efficiencies having a negative impact on the unit cost of processing and harvesting. But, the company remains on target to achieve its 21,000 tonnes harvest volume guidance for 2013.
SSC says it’s now concentrating on reducing costs to market, while focussing on strengths of provenance and sustainability.
