Kurs & Likviditet
Beskrivning
Land | Chile |
---|---|
Lista | OB Match |
Sektor | Handel & varor |
Industri | Dagligvaror |
2021-05-12 23:10:18
Salmones Camanchaca - Q1 2021 results
Highlights:
o Financial performance during the quarter was significantly impacted by Harmful
Algae Blooms (HAB) in the Reñihué and Comau fjords, with direct financial impact
of USD 12.1m and a biomass loss of ~ 3,700 MT
o Operational performance impacted by high ex- cage cost from remaining fish
from Islotes and low growth at Reñihué. Ex-cage cost of Atlantic salmon (live
weight) was up 24% y-o-y to USD 3.91/kg
o Processing cost above long-term goal and previous quarters due to lower
processed volume, down 26% from Q1 2020
o EBITDA for the quarter was negative USD 7.4 million (at breakeven point
excluding extraordinary mortalities) compared with positive USD 15.1 million in
Q1 2020
o Estimated 2021 harvest volume for Atlantic salmon reduced to between 41,000
and 44,000 MT WFE from 53,000 MT WFE
o Salmones Camanchaca entered a 1.5-year financing facility of USD 35 million,
replacing uncommitted short-term credit lines and strengthening the Company's
cash position
Santiago, Wednesday, 12 May 2021: Salmones Camanchaca reports a 30% decrease in
the harvest volume in the first quarter of 2021 compared to the corresponding
period of 2020, reaching a total volume of 9,163 tons WFE with an average weight
of 4.7 kg.
Operating revenue amounted to USD 70 million during the quarter, down 17% from
USD 84 million in Q1 2020. The decrease is due to an 11% decrease in both sales
volume and prices.
Farming costs for the quarter were USD 3.91/kg live weight, 24.1% higher than
the same period previous year, due to the 25% biomass loss at the Islotes site
in May 2020, which affected harvest volumes in Q1 2021