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Chris Huisman was not born into fish farming. Now this young man has developed a passion for eel, he successfully runs an eel farm, and wants to…
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.
Chris Huisman was not born into fish farming. Now this young man has developed a passion for eel, he successfully runs an eel farm, and wants to…
Collaboration and forming partnerships are one of BioMar’s four long-term guiding principles. BioMar seek to collaborate and form mutually beneficial…
BioMar’s new vessel set to accelerate Tasmania’s exports to New Zealand. The Tasmanian Liberal Government is doing what matters and investing in our…
As of November 2023, renowned executive Derek Kohn will take over the role of Managing Director for BioMar Chile, with the aim of further advancing…
Animal by-products (LAPs) like feathers and bones are excellent sources of valuable nutrients. However, these can’t be consumed directly by humans but…
In 1998, the BioMar Group Newsletter informed that BioMar Greece doubled its sales volume, compared to 1997. And ever since, the enthusiastic team…
On Sunday 19 June, Mols Bjerge National Park will undertake an eelgrass restoration project with the help of BioMar Group and the local Danish…
At BioMar, celebrating a 25th, 30th, and even a 40th or more years’ work anniversary happens quite often as we have many colleagues who have been with…
Knowledge of several critical environmental impact areas of aquafeeds is essential in helping make sustainable decisions. That is why some BioMar…
BioMar’s BioSustain program promotes the use of high-quality, low-impact raw materials in our feed recipes. At the heart of this initiative is…
BioMar has completed the testing of insect meal in feeds for aquaculture and believe it shows promise as an alternative protein source.
In a boost for the North-West economy BioMar Australia have confirmed commissioning has commenced at their Wesley Vale facility with some 38 staff now…