SUBSCRIBE

Breaking News on Supplements, Health & Nutrition - Europe US edition | APAC edition

Trends > Financial plays

Krill revenues up 23% at Aker Biomarine; Norwegians looking to expand

By Shane Starling , 14-Aug-2012
Last updated on 14-Aug-2012 at 15:56 GMT2012-08-14T15:56:25Z

Krill revenues up 23% at Aker Biomarine

Krill specialist Aker BioMarine is looking at expanding production after its Q2 results showed operating revenue growth of 23% from NOK87m (€11.91m) in Q2 2011, to NOK107m (€14.65m) in Q2 2012.

The Norwegian firm put the revenue growth down to increased sales in both food and feed for the Antarctic, omega-3 source and said it was assessing its expansion options.

For food uses, the company said sales of 74 tonnes for the quarter were its highest yet with, “a significant proportion sold to customers in the Asia/Pacific region.”

EBITDA profits came in slightly higher at NOK26m (€3.56m), compared to NOK24m (€3.29m) in Q2 2011.

“2011 Superba sales grew by 31% and 2012 growth is expected to be 45%,” Aker said.

“ The company expects this trend to continue, and hence Aker BioMarine is considering further capacity increases; either through increased capacity with contractual production manufacturers, or by building an own production facility plant with capacity of at least 1 000 metric tons.”

“Further information on possible investments and financing options will be provided to the market when a final decision is made.” 

Related products

Live Supplier Webinars

Polyphenols tipped to become the way to innovate in Sports Nutrition
Fytexia
Orally bioavailable standardized botanical derivatives in sport nutrition: special focus on recovery in post-intense physical activities
Indena
Collagen in motion: move freely and keep your injuries in check
Leading manufacturer of gelatine and collagen peptides
Life’s too short for slow proteins. Whey proteins hydrolysates: Fast delivery for enhanced performance
Arla Foods Ingredients
What it Takes to Compete and Win in Today’s Sports Nutrition Market
Capsugel
Sports Nutrition Snapshot: Key regional drivers and delivery format innovations
William Reed Business Media
Gutsy performance: How can microbiome modulation help athletes and weekend warriors
William Reed Business Media
Pushing the boundaries: Where’s the line between ‘cutting edge nutrition’ and doping
William Reed Business Media
Alpha & Omega in Sports Nutrition – Using Omega 3’s and A-GPC to improve performance and recovery.
KD Pharma

On demand Supplier Webinars

High-amylose maize starch may reduce the risk of type 2 diabetes: what does this qualified health claim mean?
Ingredion
Balancing Innovation and Risk in Sports Nutrition Ingredients
NSF-International
Explaining bio-hacking: is there a marketing opportunity for food companies?
William Reed Business Media
Personalized Nutrition – how an industry can take part in shaping the future of Nutrition
BASF Nutrition & Health
Find out Nutritional and ingredient lifecycle solutions and strategies!
Roquette
Is the time rIpe for I-nutrition?
William Reed Business Media
The Advantage of Outsourcing Fermentation-based Manufacturing Processes
Evonik Health Care
All supplier webinars