- Financials
BioMar reports record results for 2023
Concluding a successful year, BioMar achieved a strong Q4, resulting in the best results ever for the group.
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BioMar concludes the year with solid growth across markets with a significant increase in volumes and revenue, reaching an all-time high level. However, the bottom-line results were affected by the global increase in raw material prices, logistic costs, and energy prices.
The strong growth was driven by a favourable commercial position in promoting high-end product ranges and delivering strong customer service. The increase in Q4 revenue by 33% and an increase in sales volumes by 14%, was mainly driven by the Salmon Division and the Shrimp business in Latin America.
“I am very satisfied by the performance of the company despite the results not following the development of the top line. We along with all other feed producers are challenged by a situation no one has even seen before. Energy prices has been going through the roof, raw material prices have increased significantly, and logistic costs are at levels we have never seen”, explains Carlos Diaz CEO BioMar Group.
“We are working with our customers to find sustainable commercial solutions going forward and we will probably need to look into a new generation of contracts where the volatility of the markets is taken into account to ensure an optimal pricing structure for our customers”, concludes Carlos Diaz
BioMar ends the year with a slight decline in EBITDA compared to 2020, while revenue grow by 14% and volume also increased by 8% for the consolidated companies.
Our Insights
Results (48)
- Financials
Read moreDespite lower Q3 volumes, BioMar maintains guidance for a strong 2024
BioMar's third quarter reveals a decline in sales volumes year-on-year, while the company is still heading for a strong full-year result.
- Financials
Read moreBioMar achieves UK’s first ASC Feed Certification
Aquaculture Stewardship Council (ASC) is thrilled to announce that BioMar UK has become the first ASC certified feed production facility the United Kingdom.
- Financials
Read moreStrong results despite challenging volume development
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%.
- Financials
Read moreBest first quarter ever to BioMar
By adding all the feed companies in the Group managed by BioMar, including joint ventures, BioMar ends with a record first quarter of EBITDA of more than DKK 310 million.
- Financials
- Our People
Read moreBioMar stops all commercial activities with and within Russia
Following the invasion of Ukraine, BioMar Group shuts down all trade activities with Russia. The decision includes sales of finished products as well as the sourcing of raw materials.
- Financials
Read moreBioMar concludes 2022 with record results
The positive development is mainly driven by stronger development in the Salmon and LATAM divisions, compensating for a weaker result in the EMEA division.
- Financials
Read moreBioMar further invests in LARVIVA hatchery feed success
The investment will allow for an expansion into a new, larger facility with the capability of performing trials in semi-industrial conditions.
- Climate Action
- Financials
Read moreBioMar Australia announces new vessel
BioMar Australia is excited to announce a $15 million-dollar, nation-leading project to construct the first green methanol ready vessel in Australia.
- Financials
Read moreSolid Q3 for BioMar Group
The company is now raising earnings guidance for the full year to the range of DKK 960-1,000 million.
- Financials
Read moreBioMar raises expectations for 2023
BioMar is coming out of the third quarter with a 5% increase in volumes year-on-year. The increase in volumes, combined with a strong product strategy,
- Financials
Read moreSolid start of the year for BioMar
BioMar concludes the year with solid growth across markets with a significant increase in volumes and revenue, reaching an all-time high level.
