Welcome   Sponsored By
Subscribe | Register | Advertise | Newsletter | About us | Contact us
   


Photo courtesy from Benchmark

Benchmark reports 27% increase in revenue following a year of sustained growth and strategic delivery

Click on the flag for more information about United Kingdom UNITED KINGDOM
Friday, December 02, 2022, 07:00 (GMT + 9)

Strong FY2022 results delivered ahead of original market expectations with progress made in commercialisation of new solutions, including Ectosan® Vet and CleanTreat® and the construction of a new incubation centre for salmon eggs.

Image courtesy from Benchmark
 
Benchmark Holdings, the aquaculture biotechnology company, has reported strong growth with a 27% increase in revenue and an 82% increase in Adjusted EBITDA, with each of its three business areas delivering strong performances.
 
Today, Benchmark Holdings publishes its Full Year Results for the Financial Year ended 30 September 2022. A detailed breakdown of the financial results is available here. In addition to strong financial results, Benchmark has made strategic progress in a number of areas that are already benefitting customers and stakeholders.
 
Image courtesy from Benchmark Click image to enlarge
 
Meeting increased demand for specialist salmon eggs
 
A key investment in 2022 was the construction of a new incubation centre for salmon eggs in Iceland, designed to allow Benchmark to meet seasonal periods of peak demand for its biosecure specialist salmon eggs. Having this increased capacity in place was particularly important this year when customers experienced a shortage of supply.
 
The new incubation centre – built to the highest standards of biosecurity and water management – has a 400 million egg capacity, equivalent to 1 million tonnes of harvested salmon. 

Benchmark share price Y22

Rolling out Ectosan® Vet and CleanTreat®
 
The commercial deployment of Ectosan® Vet and CleanTreat® is one of Benchmark’s key strategic priorities. Over the course of the year, the business made good progress, increasing adoption of the new solution in the market and continuing to deliver excellent outcomes. Since launching last year, the business has achieved several important milestones to optimise its sealice solution. These included reducing overall treatment times by increasing the water transfer rate, securing a marketing extension for a second reuse of treatment water, and obtaining a Marketing Authorisation for the use of Ectosan® Vet and CleanTreat® in the Faroe Islands.
 
Since deployment, Ectosan® Vet and CleanTreat® have delivered consistent efficacy in the removal of sea lice, with CleanTreat® purifying 1,000,000m3 of treatment water, equivalent to 400 Olympic size swimming pools or the volume of water which flows over Niagara Falls every 7 minutes. 
 
 
‘One Benchmark’ transformation
 
Over the last 24 months Benchmark has undergone a period of transformation and continued integration, aligning the Group’s resources to extract synergies and increase its commercial impact.  
 
By bringing together our three complementary areas, Genetics, Advanced Nutrition, and Health, we can deliver the best solutions and service to our customers, creating a ‘one stop’ shop.
 
Image courtesy from Benchmark Click image to enlarge
 
Our Sustainability Commitment
 
Benchmark’s mission is to drive sustainability in aquaculture and over the last 12 months the business has made significant progress in a number of areas. This year, Benchmark made strides towards its Net Zero goals by developing a comprehensive emissions reduction programme including the installation of solar panels at its main Advanced Nutrition production facility in Phichit, Thailand. Once complete, it is expected to provide 30% of electricity requirements for the site.
 
Benchmark’s strong ESG credentials enabled it to issue its first Green Bond to refinance its main debt facility strengthening the financial position for the Company’s next phase.
 
 
 
Image courtesy from Benchmark
 
 


 Print


Click to know how to advertise in FIS
MORE NEWS
Norway
Jan 30, 08:00 (GMT + 9):
A new way of measuring fish welfare in wild-capture fisheries
South Korea
Jan 30, 06:00 (GMT + 9):
South Korean seaweed report: 70% global market share, exported to 114 countries … Overwhelming Japan and China
Japan
Jan 30, 05:00 (GMT + 9):
'Sea grapes' farming using hot spring heat aiming to make it a special product from cold regions in Ishikawa
Portugal
Jan 30, 05:00 (GMT + 9):
Replacing single-use plastic film with algae-based biodegradable edible film
Norway
Jan 30, 04:10 (GMT + 9):
Fresh report on copper from aquaculture facilities
Spain
Jan 30, 03:00 (GMT + 9):
Skretting : 'A leap forward for farmed Atlantic bluefin tuna'
Sri Lanka
Jan 30, 01:10 (GMT + 9):
IN BRIEF - Korean envoy meets Fisheries Minister to boost shrimp farming
Spain
Jan 30, 01:00 (GMT + 9):
The Galician Canning Strategic Plan 2022-2030 is committed to promoting internationalization and innovation in the sector
Uruguay
Jan 30, 01:00 (GMT + 9):
IN BRIEF - The first Uruguayan fishing trawler that incorporates women in the crew has set sail
China
Jan 30, 00:50 (GMT + 9):
Statistics │ Import │Salmon │ USA, Russia and Chile │ 2021-22
United States
Jan 30, 00:40 (GMT + 9):
Statistics │ Export │ Frozen salmon: Chum, Pink │ MNSF │ 2021-22
Japan
Jan 30, 00:30 (GMT + 9):
Catch │ Chum salmon │ Aomori │ until 10/Jan/2023
Japan
Jan 30, 00:30 (GMT + 9):
Catch │ Chum salmon │ Iwate │ until 01-Jan-2023
Japan
Jan 30, 00:30 (GMT + 9):
Capture and Migration │Hokkaido-Honshu │ Chum salmon (Oncorhynchus keta) │ 2011-22
Japan
Jan 30, 00:30 (GMT + 9):
Capture and Migration │Chum salmon (Oncorhynchus keta) │31-Dec-2022



Lenguaje
FEATURED EVENTS
  
TOP STORIES
'This Olympic race on shrimp is not good for anyone'
Argentina Eduardo Boiero is the president of CAPeCA, the chamber that brings together most of the historical pole boats that developed the fishery. In this interview he talks about the shrimp quota, not only as...
Russian fishermen go with an excess of last year's catch by 15%: almost 280 thousand tons were caught
Russia Fed. According to the industry monitoring system, by January 24, 2023, Russian fishermen caught 279.3 thousand tons of fish, which is 15% more than in 2022. In the Far Eastern fishery basin, the catch amo...
Commercial fishing through auctions
Ukraine The beginning of 2023 was marked for the fishing industry by significant changes in the processing of permits for commercial fishing. "One of the main goals of the implementation of the experi...
Cocaine in a tuna can container headed for the UK
Ecuador Ecuadorian authorities managed to seize 924 packages of cocaine destined for Great Britain. The drug was hidden in a container that intended to leave from one of the Guayaquil seaports. In addition to...
 

Maruha Nichiro Corporation
Nichirei Corporation - Headquarters
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation - Wartsila Group Headquarters
ITOCHU Corporation - Headquarters
BAADER - Nordischer Maschinenbau Rud. Baader GmbH+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Sea Harvest Corporation (PTY) Ltd. - Group Headquarters
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
AquaChile S.A. - Group Headquarters
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods, Inc
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO - Food and Agriculture Organization - Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Brim ehf (formerly HB Grandi Ltd) - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Grupo Pereira Headquarters
Costa Meeresspezialitäten GmbH & Co. KG
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Mowi ASA (formerly Marine Harvest ASA) - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. - Headquarters
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
CJ Corporation  - Group Headquarters
Greenpeace International - The Netherlands | Headquarters
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
NOREBO Group (former Ocean Trawlers Group)
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation - Headquarters
Cooke Inc. - Group Headquarters
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart | Wal-Mart Stores, Inc. (Supermarket) - Headquarters
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2023 Seafood Media Group Ltd.| All Rights Reserved.   DISCLAIMER