In 2018, Bergen-based exporter Seaborn posted a marginal decline in revenue, after seven years of revenue growth.
Seaborn continued to prosper in 2017 and passed EUR 412 million in revenue. 2018 ended with a marginal decline in revenue of 0.6 percent.
Seaborn writes in its annual report, which SalmonBusiness has gathered, that sales have been reduced as a result of lower sales prices in 2018.
On the positive side for the company, there was still an increase in operating profit of EUR 4.4 million in 2018 and a profit before tax of EUR 3.8 million, compared with EUR 4.2 million and EUR 3.7 million, respectively, in 2017.
“The forecasts for the company’s first quarter 2019 earnings show a profit. It is the Board of Directors’ opinion that the business will make a profit in 2019,” the company wrote in its annual accounts.
For the financial year 2018, the Board of Directors has decided to pay out a dividend of EUR 1.6 million.
SalmonBusiness has not succeeded in getting a comment from Seaborn.