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Taking the Steps Towards Sustainable Fish Farming
Their aquaculture journey began with curiosity sparked by an unused pond on his father’s land. With no prior experience in fish farming but a strong…
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.
Their aquaculture journey began with curiosity sparked by an unused pond on his father’s land. With no prior experience in fish farming but a strong…
Fish protein hydrolysates (FPH) are known to improve nutrient availability and immune function in early-stage fish. Their high content and mix of…
Early developmental stages are a critical phase in any organism´s life that will determine its future. Marine Fish larvae are not an exception. During…
BioMar is proud to support women who are passionate about aquaculture and marine science. In 2023, we announced our sponsorship of Women in Caribbean…
By adding all the feed companies in the Group managed by BioMar, including joint ventures, BioMar ends with a record first quarter of EBITDA of more…
Conventional farming has led to soil degradation, with an estimated 60 years of topsoil left if depletion continues. Regenerative agriculture offers a…
Managing sea lice infestations in Atlantic salmon (Salmo salar L.) aquaculture often involves mechanical treatments that can cause acute stress,…
On the opening day of the Global Shrimp Forum, BioMar, Innovafeed, and Auchan are proud to announce a significant industry commitment: the large-scale…
BioMar ended 2022 with a strong Q4, bringing the full year results to beat the earning guidance of DKK 1 billion EBITDA. The positive development is…
Mechanical delousing and other handling procedures are known to trigger acute stress in Atlantic salmon (Salmo salar), leading to reduced appetite,…
Following a successful growth journey in collaboration with the joint venture partner Tongwei, the production facility in Wuxi will during 2026 be…