Facts and figures

Russian Aquaculture is a leader in the production of Atlantic salmon and trout in Russia.

The Company’s core business areas are:

  • commercial farming of Atlantic salmon and sea trout in the Barents Sea in the Murmansk region;

  • commercial farming of trout in the lakes of the Republic of Karelia

Russian Aquaculture’s core strategic focus is on developing its aquaculture business. The Company currently owns cultivation rights for 36 sites for farming salmon and rainbow trout. The total potential production volume for these sites is around 50 ths tons of salmonids.

The Company’s long-term development strategy involves the creation of the largest vertically integrated player in the aquaculture market, including the production of feed and stocking material, primary processing, and distribution of the Company’s own products.


Foundation. The Company was founded as herring and mackerel importer in 1997.

IPO. In 2010 OJSC Russian Sea Group is placing its ordinary shares on MICEX and RTS, which was the first IPO of a Russian company on Russia’s stock market since 2007.

Sale of the finished product segment . On February 28, 2013, the sale of 100% in CJSC Russian Sea to a group of strategic investors is completed. The main goal is to focus on the segments: aquaculture and distribution.

Renaming. In 2015, the name of the Company was changed from the Russian Sea Group of Companies to Russian Aquaculture.

Sale of the distribution segment. On August 4, 2016, the sale of the Company’s distribution business – CJSC Russian Fish Company – was completed. Commercial fish farming is a top priority.

Smolt. In July and October 2017, the Company completed acquisition of two smolt plants in Norway — Villa Smolt AS and Olden Oppdrettsanlegg AS. The plants hold licenses for the aggregate production of 7 million pcs. of rainbow trout and Atlantic salmon per annum.

Processing. In November 2018, the Company acquires 40% share in the group of fish processing companies in Murmansk.

Scale. The Company put into operation its first complex of 156 meter hatcheries in Kildin strait of the Barents Sea. A mechanical delousing barge and the second live fish carrier acquired.

RUB million 2019 2018 2017 2019/2018
Sales volume, tonnes 18 070 6 776 10 222 167%
Revenue 8 798 3 212 5 022 174%
EBITDA 3 432 974 2 072 3,5X
EBITDA margin 39% 30% 41% 29%


For 12 months of 2019, the average headcount was 456 employees.


  • Head office is located in Moscow
  • In the Murmansk region (6 stocked farms in the Barents Sea) and Karelia (3 stocked areas in Lake Segozero), operations are concentrated on the cultivation of Atlantic salmon, sea and lake trout

Suppliers and customers

  • World leaders in the production of feed, smolt and equipment for aquaculture from Norway, France and Finland, including companies Skretting, BioMar, Namdal, Vik, Nesfossen, AkvaGroup, Scale AQ
  • Fish processors and chain retailers, including Magnit, X5 Retail Group, Auchan, Lenta, METRO C&C, etc.