Latest news with #StoltSeaFarm
Scoop
06-05-2025
- Business
- Scoop
Stolt Sea Farm Achieves ASC Certification In All Turbot Farms
Press Release – Aquaculture Stewardship Council ASC CEO Chris Ninnes presented the certification to SSF President Jordi Tras on Tuesday, May 6, at the Seafood Expo Global in Barcelona, commending SSFs commitment to environmental and social responsibility across its nine turbot farms. Barcelona, Spain 6 May 2025 Stolt Sea Farm (SSF) has made history by becoming the only farmed turbot producer in the world to achieve Aquaculture Stewardship Council (ASC) certification for all its farms. ASC CEO Chris Ninnes presented the certification to SSF President Jordi Trías on Tuesday, May 6, at the Seafood Expo Global in Barcelona, commending SSF's commitment to environmental and social responsibility across its nine turbot farms. Ninnes said, 'Stolt Sea Farm's achievement sets a powerful example to the entire seafood farming industry, showing that it's possible to scale sustainably while protecting our environment, supporting communities, and ensuring fish welfare. By becoming the world's first turbot producer to fully certify all its farms, Stolt Sea Farm isn't just meeting the highest standards—they're helping to transform the industry for the better.' Jordi Trias, President of Stolt Sea Farm, added, 'This is a truly proud moment for all of us at Stolt Sea Farm, and a step forward in our commitment to ensuring the best experience to our customers. I want to extend my gratitude to the Stolt Sea Farm team who has made this possible. It requires perseverance, commitment to quality and animal welfare, and teamwork, and these are all characteristics of the way we live our purpose.' Berta Fernandez, SSF's Food Safety, Quality and Environment Manager, said, 'This is a fantastic achievement and a great example of the commitment of the whole team to sustainable operations and fish welfare and to ensuring future generations continue to enjoy wonderful seafood.' SSF's facility in Øye, Norway became the first of its land-based fish farms to achieve the globally recognised ASC certification in April 2024. By the end of the year, independent in-depth audits were completed across SSF's eight other turbot farms in Spain and Portugal, resulting in full ASC certification for all its turbot operations.
Scoop
06-05-2025
- Business
- Scoop
Stolt Sea Farm Achieves ASC Certification In All Turbot Farms
Barcelona, Spain 6 May 2025 Stolt Sea Farm (SSF) has made history by becoming the only farmed turbot producer in the world to achieve Aquaculture Stewardship Council (ASC) certification for all its farms. ASC CEO Chris Ninnes presented the certification to SSF President Jordi Trías on Tuesday, May 6, at the Seafood Expo Global in Barcelona, commending SSF's commitment to environmental and social responsibility across its nine turbot farms. Ninnes said, 'Stolt Sea Farm's achievement sets a powerful example to the entire seafood farming industry, showing that it's possible to scale sustainably while protecting our environment, supporting communities, and ensuring fish welfare. By becoming the world's first turbot producer to fully certify all its farms, Stolt Sea Farm isn't just meeting the highest standards—they're helping to transform the industry for the better.' Jordi Trias, President of Stolt Sea Farm, added, 'This is a truly proud moment for all of us at Stolt Sea Farm, and a step forward in our commitment to ensuring the best experience to our customers. I want to extend my gratitude to the Stolt Sea Farm team who has made this possible. It requires perseverance, commitment to quality and animal welfare, and teamwork, and these are all characteristics of the way we live our purpose.' Berta Fernandez, SSF's Food Safety, Quality and Environment Manager, said, 'This is a fantastic achievement and a great example of the commitment of the whole team to sustainable operations and fish welfare and to ensuring future generations continue to enjoy wonderful seafood.' SSF's facility in Øye, Norway became the first of its land-based fish farms to achieve the globally recognised ASC certification in April 2024. By the end of the year, independent in-depth audits were completed across SSF's eight other turbot farms in Spain and Portugal, resulting in full ASC certification for all its turbot operations.
Yahoo
31-01-2025
- Business
- Yahoo
Stolt-Nielsen Ltd (SOIEF) Q4 2024 Earnings Call Highlights: Strong EBITDA and Strategic ...
EBITDA: Over $200 million for the sixth consecutive quarter. Operating Revenue: Increased by 2% year-over-year. Operating Profit: Decreased by $9.6 million, impacted by a $6 million impairment. Free Cash Flow: Lower due to higher capital investments. Net Debt to EBITDA Ratio: Improved to 2.2. Net Profit (Q4): $91.4 million. Net Profit (Full Year): $394.8 million. Full Year EBITDA: $842.3 million. Capital Expenditures (Q4): $97.7 million. Cash and Cash Equivalents: $334.7 million at year-end. Stolt Tankers TCE Rate: Over $30,000 per day. Stolt Sea Farm Revenue: Up 15% year-over-year. Stolt Sea Farm Operating Profit: Up 45% year-over-year. Stolthaven Terminals Utilization: 90.9% for the quarter. Warning! GuruFocus has detected 6 Warning Signs with CNX. Release Date: January 30, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Stolt-Nielsen Ltd (SOIEF) achieved EBITDA over $200 million for a sixth consecutive quarter, indicating strong financial performance. The company has made strategic investments, including expanding its fleet and terminals, which are expected to drive future growth. Stolt-Nielsen Ltd (SOIEF) received gold ratings from EcoVadis for sustainability efforts, highlighting its commitment to environmental responsibility. The company's net debt to EBITDA ratio improved to 2.2, providing significant financial flexibility and a strong liquidity position. Stolt Sea Farm delivered strong results with a 15% increase in operating revenue and a 45% increase in operating profit year-over-year. Operating profit for the quarter was down by $9.6 million, impacted by a $6 million impairment on a high gas investment. Free cash flow was lower this quarter due to higher capital investments across the company's four businesses. The tanker division experienced a reduction in operating profit due to increased operating expenses and lower deep sea freight revenue. Equity income from joint ventures was down due to impairments and losses in Avenir and high gas operations. The company faces uncertainties from geopolitical factors and potential trade flow disruptions, which could impact future performance. Q: The shipments in Stolt tank containers declined for the second consecutive quarter. Is there anything more to be said about that? A: Udo Lange, CEO: We are optimizing margin and volume, which is improving our earnings. Our strategy focuses on driving overall earnings rather than just increasing volume. Q: How do you argue for dividends versus other uses of cash given the strong cash generation? A: Udo Lange, CEO: We balance capital allocation between investing in business growth and providing dividends to shareholders. Our priority is to ensure long-term business success while maintaining attractive dividends. Q: Can you talk about the contribution to 2025 earnings from HS 4 and Avenir? A: Jens Gruener-Hegge, CFO: With 100% ownership of Avenir and Hassel Shipping, we will consolidate them into our earnings, contributing approximately $50 million to $55 million combined in 2025. Q: How does the transaction impact LNG's growth plans going forward? A: Udo Lange, CEO: We aim to grow and consolidate in the LNG segment, leveraging our market-leading platform and new builds. This aligns with our strategy to enhance our liquid logistics and gas storage capabilities. Q: What is the reason for the significant increase in Tankers' CapEx compared to the Q3 presentation? A: Jens Gruener-Hegge, CFO: The increase is due to acquiring 100% of Hassel Shipping 4, progress payments on new builds, and equity injections into a joint venture with NYK. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
