News

RUSSIAN AQUACULTURE PJSC ANNOUNCES OPERATING RESULTS FOR 2021
12.01.2022
12 January 2022, Moscow. Russian Aquaculture PJSC (hereinafter “Russian Aquaculture” or “The Company”), a major Russian salmon aquaculture company announces its unaudited operating results for 2021.

Figures

2020
M12
2021
M12
2021/
2022
Total      
Harvest volume, ths tonnes WFE* 18.2 32.5 78%
Harvest volume, ths tonnes HOG* 15.5 27.8 79%
Sales volume, ths tonnes** 15.5 27.9 80%
Revenue, mln RUB 8 336 15 910 91%
Murmansk
Harvest volume, ths tonnes WFE* 16.7 30.9 85%
Harvest volume, ths tonnes HOG* 14.2 26.5 86%
Sales volume, ths tonnes** 14.2 26.5 87%
Revenue, mln RUB 7 771 15 154 95%
Karelia
Harvest volume, ths tonnes WFE 1.5 1.6 3%
Harvest volume, ths tonnes HOG* 1.2 1.3 4%
Sales volume, ths tonnes** 1.3 1.3 2%
Revenue, mln RUB 565 756 34%
*WFE – Whole Fish Equivalent, HOG – head on gutted
**fish and caviar only

2021 Operating highlights

  • Harvest volume increased by 79% compared to 2020 and amounted to 27.8 ths tonnes HOG.
  • Sales volume totaled 27.9 ths tonnes of finished products, including fish and caviar, an 80% increase over 2020.
  • Consolidated revenue increased 91% to 15,910 mln RUB. Average price 2021 amounted to 571 RUB/kg ex VAT, an 6% increase compared to 2020.

 

ABOUT RUSSIAN AQUACULTURE

Russian Aquaculture is one of the leaders in the production of Atlantic salmon and trout in Russia.

The Company’s core business areas are:

  • commercial Atlantic salmon farming in the Barents Sea in the Murmansk region

  • commercial trout farming 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 40 sites for farming salmon and rainbow trout. The total potential production volume for these sites is around 50,000 tonnes 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.