- The results reflect the challenges associated with the acquisitions in Canada and Finnmark announced in our previous quarterly report. We are satisfied with the development in production and in volume growth, from 2006 until 2008 we have tripled our turnover from approximately 535 MNOK to almost 1,600 MNOK on a yearly basis, says CEO Per Grieg jr.

  

Grieg Seafood continues to build up capacity in accordance with the company's strategy of doubling the annual production from 40,000 tons in 2007 to 80,000 tons in 2010. In April the company acquired 7 salmon farming licenses with 2,000 tons capacity in Shetland, thus strengthening Grieg Seafood's position as the major player in the area. Retiring CEO Per Grieg jr. emphasizes that the company is on track to achieve the planned growth.

- Grieg Seafood is a solid company well positioned for the future. We are financially and operationally prepared for further growth, and since the start-up 15 years ago we have had a tremendous development. I am proud of Grieg Seafood and look forward to seeing our new CEO bring the company into a new phase where branding and further improvements in operations will be key focus areas, says Per Grieg jr. Grieg will continue to have an active and long term role in the company as a representative of the largest shareholder, the Grieg Group (42% of the shares).

 

 

 

  

Contact:

 

Eirik Bloch Haugland, Chief Financial Officer,   +47 95 90 31 50

Per Grieg jr, Chief Executive Officer, +47 90 83 16 48

 

 

Grieg Seafood ASA