Introduction
Norway is renowned for its thriving seafood industry, with a long history of exporting high-quality fish and seafood products to markets around the world. The country’s pristine waters and sustainable fishing practices have positioned it as a leading global supplier of seafood. In this report, we will delve into the top 10 seafood export companies in Norway, highlighting their financial performance, market share, and key industry insights.
1. Mowi ASA
Overview
Mowi ASA, formerly known as Marine Harvest, is one of the largest seafood companies in the world, with headquarters in Bergen, Norway. The company specializes in farming Atlantic salmon and operates in over 25 countries. Mowi is a key player in Norway’s seafood export industry, with a strong focus on sustainability and quality.
Financial Data
Mowi reported revenues of NOK 26.2 billion in 2020, with a net profit of NOK 3.3 billion. The company’s strong financial performance is attributed to its global presence and commitment to sustainable aquaculture practices.
2. Lerøy Seafood Group
Overview
Lerøy Seafood Group is another major player in Norway’s seafood export sector, specializing in salmon, trout, and whitefish products. The company has a strong presence in European markets and is known for its high-quality seafood offerings.
Financial Data
In 2020, Lerøy reported revenues of NOK 24.6 billion, with a net profit of NOK 2.1 billion. The company’s solid financial performance reflects its strong market position and focus on product innovation.
3. SalMar ASA
Overview
SalMar ASA is a leading producer of farmed salmon, with operations in Norway, Scotland, and Iceland. The company is known for its sustainable aquaculture practices and premium seafood products.
Financial Data
SalMar reported revenues of NOK 14.6 billion in 2020, with a net profit of NOK 1.9 billion. The company’s financial success is driven by its focus on operational efficiency and product quality.
4. Grieg Seafood ASA
Overview
Grieg Seafood ASA is a leading producer of Atlantic salmon, with operations in Norway, Canada, and the UK. The company is dedicated to sustainable aquaculture and has a strong focus on environmental stewardship.
Financial Data
In 2020, Grieg Seafood reported revenues of NOK 8.9 billion, with a net profit of NOK 1.2 billion. The company’s financial performance is underpinned by its commitment to responsible farming practices and product quality.
5. Norway Royal Salmon ASA
Overview
Norway Royal Salmon ASA is a major player in Norway’s salmon farming industry, with a focus on premium quality products. The company has a strong presence in European and Asian markets.
Financial Data
Norway Royal Salmon reported revenues of NOK 5.7 billion in 2020, with a net profit of NOK 0.8 billion. The company’s financial performance is driven by its strong market position and commitment to sustainability.
6. Austevoll Seafood ASA
Overview
Austevoll Seafood ASA is a diversified seafood company, with operations in fishing, fishmeal production, and salmon farming. The company has a global presence and is a key player in Norway’s seafood export industry.
Financial Data
In 2020, Austevoll Seafood reported revenues of NOK 10.3 billion, with a net profit of NOK 1.1 billion. The company’s financial success is attributed to its integrated business model and focus on product quality.
7. Bremnes Seashore AS
Overview
Bremnes Seashore AS is a family-owned seafood company, specializing in salmon farming and processing. The company has a strong focus on sustainability and quality, with a reputation for premium seafood products.
Financial Data
Bremnes Seashore reported revenues of NOK 2.5 billion in 2020, with a net profit of NOK 0.3 billion. The company’s solid financial performance reflects its commitment to responsible aquaculture practices.
8. Eide Fjordbruk AS
Overview
Eide Fjordbruk AS is a leading producer of farmed salmon, with operations in Norway. The company is known for its sustainable farming practices and high-quality seafood products.
Financial Data
Eide Fjordbruk reported revenues of NOK 1.8 billion in 2020, with a net profit of NOK 0.2 billion. The company’s financial performance is driven by its focus on product innovation and environmental responsibility.
9. Nergård AS
Overview
Nergård AS is a seafood company with a focus on wild-caught fish and shellfish. The company operates in Norway and is known for its sustainable fishing practices and high-quality seafood offerings.
Financial Data
In 2020, Nergård reported revenues of NOK 1.1 billion, with a net profit of NOK 0.1 billion. The company’s financial performance reflects its commitment to responsible fishing practices and product quality.
10. Domstein AS
Overview
Domstein AS is a seafood company with a diverse portfolio of products, including salmon, whitefish, and shellfish. The company has a strong presence in European markets and is known for its premium seafood offerings.
Financial Data
Domstein reported revenues of NOK 3.2 billion in 2020, with a net profit of NOK 0.4 billion. The company’s financial success is attributed to its product diversification and focus on quality.
In conclusion, Norway’s seafood export industry is dominated by a handful of key players who have established themselves as leaders in the global market. These companies’ commitment to sustainability, quality, and innovation has positioned them for continued success in the years to come.
