Scottish Salmon Company achieves record revenue in Q3
2017-11-23 19:10:39   copyfrom:    hits:

Scottish Salmon Company farm (Photo: SSC)UNITED KINGDOMThursday, November 23, 2017,01:30 (GMT + 9)TheScottish Salmon
 

Scottish Salmon Company farm. (Photo: SSC)

 

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Thursday, November 23, 2017, 01:30 (GMT + 9)

 

The Scottish Salmon Company PLC (SSC) obtained record quarterly revenue of GBP 39.0 million, representing a 54.8 per cent from GBP 25.2 million it reported in the same quarter last year. The company attributed these results to continued high prices and increased harvest volume 

During the analysed period, the firm managed to successfully position its premium brand by addressing high-end segments with export focus.

The company’s harvested volumes reached 6,781 tonnes from 5,486 tonnes in the third quarter a year ago.

SSC’s board informed that the cost per kilogram was impacted by mortalities and lower harvest mean weights as a result of accelerated harvesting, compared to the first part of the year. 

The firm’s ongoing stocking of cleaner fish throughout all sites and further development of site specific health planning have contributed to improved management of these issues.

SSC stressed that the development of its processing platform is the core element of the quality growth strategy, which has continued with the introduction of a new filleting facility in the south. In addition to improving overall operational efficiency and product utilisation, the new line will improve flexibility and strengthen consistent and valued service.

The company informed its export sales accounted for 48 per cent of value in the analysed quarter compared to 42 per cent a year ago, which demonstrates the effective strategy of driving export growth. 

For the future, the SSC reiterates target to harvest 25,000 tonnes in 2017 and guides on a harvest volume of 26,500 tonnes in 2018. 

"During the third quarter, we continued to develop our operations, investing in operational efficiency and capacity," pointed out the firm’s CEO Craig Anderson.

In addition, he commented that as the demand for Scottish salmon as a premium food continues, they will capitalise on this through market development and ongoing brand development built on their core competencies and heritage as already showcased by their Label Rouge and Native Hebridean brands.

 

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