Cermaq ASA
OSL:CEQ ISIN:NO0010003882
News
Cermaq ASA (OSL:CEQ) Cermaq will present financial results for the 4th quarter 2008 on Friday 13th of February at 08:00 hrs CET at Shippingklubben, Haakon VII`s gate 1, 0161 Oslo, Norway. The presentation will be available as a webcast on the Group's website.
Cermaq ASA (OSL:CEQ) Mr. William Young has been appointed as new managing director for Mainstream Scotland from end of January 2009. William Young has been with Mainstream for more than 8 years where he has been in different positions in the Fresh Water area. Scottish born William has an excellent knowledge of our operations and the salmon farming industry.
Cermaq ASA (OSL:CEQ) Cermaq will report a reduced financial result for quarter 4, 2008 due to various issues impacting on the profitability of its operations.
Cermaq ASA (OSL:CEQ) The date of the Annual General Meeting (AGM) for Cermaq ASA has been changed to 20th May 2009.
Cermaq ASA (OSL:CEQ) The Chilean salmon farming industry has been suffering from a severe disease problem that to a large extent has impacted all the companies involved. Although measures taken both by industries and authorities are in place, Mainstream believes it is important to dedicate specific resources for monitoring the sanitary status, and that this process should be decoupled from the daily operations Consequently Mainstream Americas division will be reorganized as of February 2009 by creating the new role as Deputy COO.
Cermaq ASA (OSL:CEQ) (Oslo 05.11.2008) Cermaq reported EBIT pre fair value of NOK 164.1 million for Q3, a reduction of NOK 50.8 million from 2007. Good biological performance and increased prices gave good results in farming in Norway and in Canada and strengthened the result with approximately NOK 31 million vs. 2007. This was however not enough to offset the losses in farming in Chile and reduced margin for EWOS.
Cermaq ASA (OSL:CEQ) Cermaq presents the results for the 3rd quarter 2008 on Wednesday 5 th November at hrs 08:00 at the Conference Centre at Hotel Continental, Stortingsgaten 24/26 , 0117 Oslo, Norway.
Cermaq ASA (OSL:CEQ) 13.02.2009 Presentation of preliminary annual results 2008 08.05.2009 Presentation Q1 22.05.2009 General Meeting 07.08.2009 Presentation Q2 06.11.2009 Presentation Q3 19.02.2010 Presentation of preliminary annual results 2009
Cermaq ASA (OSL:CEQ) Cermaq ASA has today signed an agreement to increase its credit facilities. A multicurrency loan facility of U.S. $150 million has been secured with Danske Bank A/S, DnBNOR Bank ASA and Nordea Bank Norge ASA. The final maturity date and covenant structure is agreed on the same terms as the current facility of U.S. $ 300 million signed in December 2006, with final maturity in 2011 with a two year extension option. Margins and other fees reflect Cermaq`s good credit standing and the strong commitment from these three leading banks to the company. DnB NOR Bank ASA and Danske Bank A/S acted as Mandated Lead Arrangers with Nordea Bank Norge ASA acting as co-arranger. The facility will be used to support the continued growth of Cermaq and the funds will be made available after the completion of legal formalities in the group companies. For further information, please contact Steven Rafferty, Chief Financial Officer, tel +47 23 68 50 24, mobile: +47 97 66 41 04
Cermaq ASA (OSL:CEQ) (Oslo 08.08.2008) Cermaq reports a second quarter EBIT pre fair value of NOK -8.0 million. The result reduced due to higher costs and low harvest weight in farming in Chile, and higher raw material costs in EWOS.
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