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Juli-Anne Russo: Building the Caribbean Aquaculture through Education and Innovation
Juli-Anne Russo’s journey from a summer research project in Jamaica to becoming a leading educator and innovator in Caribbean aquaculture is a…
Midyear, BioMar discloses strong momentum aiming for another all-time high full year result. While volumes and revenue for the second quarter of the year are lower than last year, EBITDA is up by 36%.
Across the divisions, BioMar shows solid results for the first half year of 2024. The quarterly reporting reveals that the business is ready to deliver on all-time high EBITDA for the year. However, the volumes and revenue are expected to be slightly lower than 2023 due to lower raw material prices in several categories, combined with decreasing volumes in the Salmon division driven by different sales contract positions and biology issues in some markets.
“We have experienced a very satisfactory first half of the year. Building upon a strong Q1, BioMar has maintained momentum, mainly due to our focus on operational and commercial excellence. We are consolidating our strategic move away from being merely a transactional provider, into being a partner going above and beyond, enabling our customers to meet their efficiency goals and at the same time focus on people and planet, while maximizing performance and animal health. This approach has enabled us to attract and develop our customer base, but it has also affected our volume growth since we are focusing on customers and contracts, which backs this approach and allows us to be efficient together in a win-win relation”, explains CEO Carlos Diaz, BioMar Group.
“Our JV feed companies, which are both located in important growth markets, Turkey and China, are continuing their good development. The revenue is lower due a decrease in raw material prices combined with a transition of commercial activities towards less credit risk. However, we have a focus on commercial excellence and internal efficiency, which enables us to be close to the level of 2023 when looking at EBITDA”, concludes Carlos Diaz.
Juli-Anne Russo’s journey from a summer research project in Jamaica to becoming a leading educator and innovator in Caribbean aquaculture is a…
In today’s aquaculture, increasingly focused on efficiency, resilience, and the responsible use of resources, land animal by-products, known as LAPs,…
BioMar reports year-on-year volume sales up by 9 % and an increase in revenue by 42 %. Despite still being challenged by raw material prices, energy…
BioMar is pleased to announce the appointment of David Whyte as the Managing Director of their new fish feed manufacturing plant in Tasmania. The…
In today's world, the link between what we eat and how it impacts our health has never been clearer. When it comes to seafood, this connection is even…
BioMar has become the first global aquafeed supplier to commit to ambitious GHG emissions reduction targets following 1.5°C pathway. To make these…
Hanne Tolderlund Rasmussen’s career in aquaculture is a testament to resilience, growth, and passion. From her early days as a chemical engineer to…
Research coming out of BioMar’s R&D department which was showcased at the Global Seafood Conference in Scotland yesterday, shows that many of the…
The BioMar Joint Venture in Turkey, BioMar-Sagun has chosen a Managing Director to head the business.
In BioMar, we are excited to celebrate the successful conclusion of our recent Graduate Programme, marked by the final presentations where graduates…
This month, BioMar hit a major sustainability milestone with the adoption of microalgae omega 3s into feed diets. This has been achieved through the…
To lead the growth strategy for the Asian markets, BioMar appoints the experienced animal nutrition and aquaculture profile Cedric van den Bossche as…