- Climate Action
- Partnerships
Loch Duart pioneers Blue Impact feed in the UK
Loch Duart, the small-scale, low-impact salmon farm based in North West Scotland, has furthered their commitment to raising the best-tasting salmon…
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.
Loch Duart, the small-scale, low-impact salmon farm based in North West Scotland, has furthered their commitment to raising the best-tasting salmon…
Yield10 Bioscience and BioMar Group have signed an agreement to form a long-term partnership to commercialise a Camelina crop containing enriched…
In BioMar Chile, most aquafeed maxi bags are sent to recycling. However, some feed bags have been set aside for a capacity building initiative to…
The krill that lives in the Antarctic has adapted to extremely low sea temperatures. It contains unsaturated, long-chain fatty acids that keep the fat…
Team Hedemølle, a group of students from Hedemølle Efterskole in Bjerringbro, Denmark, stood out in this year’s edition of the FIRST LEGO LEAGUE…
BioMar introduces CALM the latest offering to complement the SmartCare range of products in Salmon feeds. Made from natural ingredients, ‘Calm’ can be…
Artificial reproduction of European eel has not yet been successful in scalable volumes. Thus, farming of European eel entirely depends on wild-caught…
BioMar announces a new RAS feed concept, LARVIVA ORBIT, that aims to improve the efficiency of marine nurseries. It will support an industry move of a…
BioMar is expanding its feed offering with a new product category, a bioremediation solution, to ensure optimal environmental conditions for shrimp…
Despite lower sales volumes, BioMar reports an increase in revenue by 41%, while earnings recovered significantly compared to Q3 2021. The company is…
Results of the Hav-Tek project, supported by GUDP, indicate that BioMar's high-tech feed with a reduced phosphorus content, developed under the feed…
There is a promising new feed ingredient from the forests of Norway, sawdust! Sourcing locally is ideal and in Norway only around 8%* of the raw…