Aker Seafoods is a leading international seafood group with the focus on harvesting, processing and sale of whitefish. Its head office is in Oslo, and it has operations in Norway, Denmark, Sweden, France, the UK and Spain.

Aker Seafoods achieved operating revenues of NOK 2 685 million and earnings before interest, tax, depreciation and amortisation (EBITDA) of NOK 192 million in 2009. With 1 022 personnel in Norway, the group is one of the largest employers in the Norwegian fishing industry. It employs a total of 1 584 people in Scandinavia and the rest of Europe. Aker Seafoods delivers fresh fish products 364 days of the year, and ranks as Europe’s largest whitefish harvesting group. Its integrated value chain creates a close link between harvesting and processing. Harvesting by the group’s own vessels provides about half of the raw material consumed at its Norwegian processing plants.

Aker Seafoods‘ value chain consists of three parts: Harvesting, processing and sales and distribution.

Harvesting: Aker Seafoods’ value chain starts at the harvesting stage, where 12 modern trawlers take cod, saithe and haddock from Norwegian waters. The group also has two operational Spanish trawlers with fishing rights in the Barents Sea. It tailors annual fishing quotas to customer demand, and can offer fresh fish throughout the year. The harvesting stage delivers about half the raw materials consumed by Aker Seafoods.

Processing: The processing business comprises eight processing plants Norway, two processing plants and a fish reception facility in Denmark, and two processing plants in France. Aker Seafoods is also part owner of one production
plant in Norway and the owner of four Norwegian reception facilities. The business has a flexible production chain, based on the product range which offers the best profitability in the market.

In Norway, Aker Seafoods’ processes filets, loins, portions and blocks made of cod, saithe and haddock. In Denmark, Thorfisk processes several products based on saithe, cod, haddock, plaice, salmon, tuna and trout.

Sales and distribution: The final link in the value chain is sales and distribution, which ensure that harvesting and processing are tailored to customer demand. Aker Seafoods has contracts
with a number of Europe’s largest foodretailing chains to deliver
whitefish
products based on first-class fresh raw materials from the North Atlantic. Some of the most important customers of the processing plants in Norway and Denmark, are Primex, Findus, Young’s, Nestlé, and Seachill.

Aker Seafoods AS was listed on Oslo Stock Exchange in May 2005, after the combination of the companies Norway Seafoods AS, West Fish-Aarsæther AS and Nordic Sea Holding AS.
Aker Capital Fund AS is the major shareholder of Aker Seafoods ASA with an ownership of 65.85 per cent.



Aker Seafoods ASA
Fjordalleen 16
Postboks 1301 Vika
0112 Oslo, Norway

Telephone: +47 24 13 01 60
Telefax: +47 24 13 01 61