News

RUSSIAN AQUACULTURE PJSC ANNOUNCES OPERATING RESULTS FOR 2019
22.01.2020

22 January 2020, Moscow. Russian Aquaculture PJSC (hereinafter “Russian Aquaculture” or “the Company”), a major Russian salmon aquaculture company announces its unaudited operating results for 2019.

 

Main figures

Murmansk

Karelia

2019

2018

2017

Change 2019/2018

2019

2018

2017

Change 2019/2018

Harvest volume,

ths tones HOG*

15,4

5,5

8,7

179%

1,5

1,0

1,4

42%

Sales volume,
ths tones

16,4

5,4

8,6

203%

1,7

1,4

1,6

23%

Revenue, mln RUR

8 270

2 721

4 352

204%

528

491

670

8%

*HOG – head on gutted

 

Operating highlights

  • Harvest volume in 2019 increased by 2,6x compared to 2018 up to 16,9 ths tones HOG.

  • Sales volume in 2019 grew by 2,7x compared to 2018 up to 18,1 ths tones of finished products, including fish, fish oil and fish silage.

  • Consolidated revenue totaled 8,798 bln RUR for 2019, 2,7x increase compared to 2018.

 

About the Company

Russian Aquaculture PJSC is the managing company of the Group and is one of the leaders in the segment of Atlantic salmon and trout production in Russia.

Key activities of the Group managed by the Company include:

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

  • Commercial farming of trout in the Republic of Karelia’s lakes.

Russian Aquaculture’s core strategic focus is on growing its aquaculture business. Today, the Group managed by the Company owns the rights for 36 sites for salmon and trout farming. The total potential production volume for these sites is around 50 ths tones of red fish.

The Company’s long-term development strategy implies moving towards the creation of the largest vertically integrated aquaculture player in Russia, including own smolt production facilities, primary processing and own distribution.