Both the parent company and its subsidiary Salmones Camanchaca have both documents available on their respective websites.
Camanchaca announced that the integrated reports of Camanchaca and Salmones Camanchaca 2023 are now available, providing an overall view of the company, with sustainability as the key focus of its mission to feed the world from the sea. Both documents address the main results and achievements obtained during the past year, both in the economic, social, environmental and governance areas of the national company.
2023 was a challenging year for businesses related to seafood products, as although we had a very promising first quarter, in the following months a decrease in demand was detected in the main consumer markets of seafood, and in turn, we feel directly the effects of the El Niño phenomenon that strongly impacted the coasts of the Pacific Ocean", said in the same document Jorge Fernández García, president of Camanchaca S.A. According to the executive in the report, in 2023 revenues amounted to US$ 762 million, 5% higher than in 2022 and a consolidated EBITDA of US$ 90 million, 27% lower than the previous year.
About the subsidiary Salmones Camanchaca S.A., Fernández stated that "it had to face challenges that had an evident impact on its financial and operational results, recording an EBITDA of US$ 33.5 million, nearly half of what was obtained in 2022. The year was marked by a decrease in salmon prices, particularly Coho, as well as an increase in feeding costs influenced by the rise in input prices" keys such as marine-based oil, whose value doubled due to the El Niño phenomenon, as well as inflation in the costs of various services that are fundamental to the industry.
Both documents can be seen on the websites of Camanchaca and of Camanchaca salmon
