- 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 ended 2022 with a strong Q4, bringing the full year results to beat the earning guidance of DKK 1 billion EBITDA. The positive development is mainly driven by stronger development in the Salmon and LATAM divisions, compensating for a weaker result in the EMEA division.
BioMar ends the year underlining the strong growth of the company. The EBITDA of the year increased by 11% compared to 2021, while the revenue grew by 34%. On top of the consolidated results, BioMar doubles the results of the non-consolidated JV feed companies, mainly driven by the JV BioMar-Sagun in Türkiye.
“We are very satisfied with the performance of the group. We have been significantly affected by our exit from Russia and the increased raw material and energy prices, but we have managed to sustain a healthy business, continuing our growth strategy while expanding into the technology space”, explains Carlos Diaz CEO BioMar Group.
“Financially, we had a slow start of the year due to several one-offs and the impact of the global inflation. However, our people around the world have made a tremendous effort building new and creative commercial solutions through an agile collaboration with customers. Hence, we have managed to conclude the year with a decent result, despite the global volatility. We are progressing as planned, executing on our 2028+ strategy “Above and Beyond “, both in terms of growth, product offerings, and increased efficiency”, states Carlos Diaz.
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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 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
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.
- Financials
- RAS
Read moreBioMar scales up RAS and fry feed production in Denmark
BioMar announces the new production line in Brande, Denmark, is now fully operational. The line is dedicated to RAS and fry aquaculture feed production and is the result of a DKK 100 million investment that has enabled BioMar to increase the annual capacity of the Danish facility by 25%.
- Financials
Read moreBioMar and Viet-Uc enter a strategic partnership
BioMar takes another important step to expand its global footprint within shrimp feed.
- 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 Group achieves record Q2
The significant increase in revenue in Q2 was driven by higher sales volumes, raw material prices, and to some extend currency rate development.
- 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 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 reports 14% revenue growth in 2021
BioMar concludes the year with solid growth across markets with a significant increase in volumes and revenue, reaching an all-time high level.
