Well, then it's a great pleasure for me to welcome you to Austevoll second quarter financial presentation. My name is Arne Møgster, and I'm the CEO of the company. I would first start by taking you through the highlights in the quarter. Thereafter, we will give you some insight in how we have done it in the different segments we are operating within. Britt Kathrine Drivenes, the CFO, will take you more in detail through the numbers, and we will end this session by giving the final highlights of the markets in the segments we are operating within. Summing up, second quarter is, as always, a quite active quarter, I would say, throughout the whole value chain of our group.
We have had very good seasons in both Chile and in Peru on the pelagic side. Also, a good raw material intake on the North Atlantic activity in particular to the fish meal and fish oil segments. Also had a good performance in the salmon company with fantastic prices which we have never seen before during the second quarter.
Saying that, it's also worthwhile to mention that in our case just below 50% of our prices has been fixed in long-term contracts, which were initiated in the end of last year, meaning that we don't have the full effect of the spot prices that we have seen in the quarter, which is taking our result a bit down. Saying that, it's the best quarterly result we have delivered ever in the group and the same situation as for the first half year.
Looking at our figures, we had a revenue just below NOK 8 billion and EBITDA of just north of NOK 1.7 billion and an EBIT of approximately NOK 1.35 billion, which is compared with same quarter last year approximately NOK 500 million better performance. We've also had a good contribution from our associated company Pelagia Norskott Havbruk, which is contributing to our pre-tax profit in addition to EBIT, and you can see that we are delivering more or less the same pre-tax profit as EBIT in the quarter.
If you take into account the 50% share we have of Pelagia, you can see that our EBIT for the quarter is just south of NOK 1.9 billion, whereof approximately NOK 1.25 billion is coming from the Lerøy Segment and the rest is coming from the pelagic segment. If you look at the Pelagic Segment, we are giving an EBIT of NOK 650 million in the quarter, which is up approximately NOK 250 million from the same period last year, which was also a good quarter for us.
It's mainly driven by a better performance from Pelagia, and also we had our fantastic margins on our salmon activity through the company Br. Birkeland Farming, which Britt will take you through later on. Looking at the half year numbers, again, it's the best half year numbers we have delivered ever, with a revenue of NOK 14.5 billion, EBIT of NOK 3.2 billion, and our EBITA and pre-tax profit of more or less NOK 2.55 billion, which again we will define as a good performance.
You can see also that our total assets has been growing during the first half year and total asset is now NOK 47.7 billion. Net interest bearing debt is up with approximately NOK 1 billion to NOK 5.9 billion, and the equity ratio is 56%. Same exercise with 50% share of Pelagia's EBITA give the groups a total EBITA of NOK 3.5 billion, whereas NOK 2.4 billion is coming from Lerøy and NOK 1 billion is coming from the additional pelagic activity. Austevoll summing up, it's all about volume.
We are aiming to catch this year just north of 400,000 tons of our own pelagic fish on our own pelagic fishing vessels during 2022. We're gonna produce in our factory a similar volume that the total European salmon production this year is gonna be approximately just north of 1.8 million tons of pelagic fish. This year, we will catch just short of 70,000 tons of whitefish in our fishing vessels and produce additional 30,000 tons on our processing plants, so altogether approximately 100,000 tons. We are aiming to slaughter this year, all in all, 211,000 tons.
Going to the different segment, I'll start off with the pelagic business and Austral Group. We have had, as I mentioned in the beginning, a good season where the quota was set the fourth of May, 14 days after same period or the quota was set in 2021. The quota was approximately 2.8 million tons versus 2.5 million tons same period last year. As you can see on the graph, biomass were more or less equal to last year, but the quota was set on a bit higher level. If you look at the performance, the approximately 84% of the total quota was caught in the first season.
I would say that consists of approximately 2.4 million tons, which is marginally below the figures that was caught same period last year. We never like not catching our quota. We are not happy with that. Saying that, I would say it was an extremely demanding fishery where it was a lot of juveniles under 12 cm, meaning that it was a lot of fishing zones which were closed. I would say all in all the performance from Austral was very good. I would say we were optimizing the situation, and we are happy with both the percentage of the quota we took and also with our production.
I would say I will give credit to our team in Peru for handling the quota during first season. We caught 165,000 tons, purchased a higher volume than last year, and sold to third-party industry a lower volume than last year, and also had a better quality on our fish meal than we did last year. I would say what we saw this season versus last season also was that the oil yield was lower this season and has definitely also impacted the prices, which I'll show later on, which were good.
I will say, we are very happy with the performance, and it's important also to mention that, the location of our plant this season has also been favorable, for us, versus previous years. Another aspects in Peru to take into account, during this quarter and the first half year is that, the good fishing we had, down in the south last year has continued also into this year. We had a record high volume last year, and have even beaten that volume, so far this year. And the fish oil yield has been also a bit better. I would say all in all, we are very happy with the performance in Peru.
The season started up a bit later, and I would say that most of our stock will be sold during third quarter. We are also expecting a very strong quarter from Austral in third quarter. The new season we hope will start up in the beginning of November. They're gonna go out on the research up along the coast of Peru in September and will probably finish by the end of October. At least on the weather forecast in terms of temperature, it looks like we're gonna have a normal season. Of course, that will depend on what they are seeing during the research outside the Peruvian coast.
Chile again, I would say Chile has been performing quite well the last two-three years based on the raw material they have available. Our own quota and has been able also to secure purchasing of third-party quota, which we are catching with our own vessels, and have continued, I would say, this year, in the same pace as they did last year. It's been a challenging season also in Chile, where we have had logistical issues in terms of lack of containers, and also there has been some delays in catch due to offloading problems on the shoreside shipping of our inventory.
All in all, I would say it's been done a very good job, and we are finished with our associated quota and the quota we have bought from a third party, which more or less have set the result for Foodcorp during 2022. The North Atlantic pelagic quota, which gives the basis for Pelagia and their activity in the North Atlantic, is a bit up. I would say it's mainly driven by the North Sea herring. We have this year been able to source fish from the Barents Sea in terms of capelin, and the Icelandic capelin quota has been much higher than it was the previous years.
I would say in this quarter on the fish meal and fish oil segments, I would say that volume intake is more or less in line with how it was last year. It's been mainly based on blue whiting, sandeel and North Sea herring trimmings. If you compare our result this year with our result same period last year, we have also got the whole of those numbers consolidated in first half year, which we didn't have last year, which was down from June of. More or less, I would say this segment has been contributed quite well into our value chains and is also driven by increasing prices during the quarter.
When it comes to the pelagic, human consumption, production, I would say that, it's been a low quarter. It's a seasonal low quarter, and the main season for this segment starts up in August when mackerel fishing starts and the herring fishing starts. It's approximately 600,000 tons all in all from Norwegian vessel, which is supposed to be landed during August and until the end of the year. This consist the main season for this activity. We are also hoping for a good contribution from this segment, going forward now, from August of.
Again, looking at the numbers, doing far better this quarter than last year, and it's driven by a better contribution from the fish meal segments, but also that we have now consolidated the Hordafôr numbers and synergies from the meal activity from Hordafôr and also from the existing Pelagia plant. Revenue of NOK 2.2 billion and EBIT of NOK 262 million and EBIT of NOK 176 million. Going to the salmon and whitefish segments. We are delivering this quarter a far better result in Lerøy versus last year.
It's contributed from both the whitefish segment, but it's mainly driven by the higher salmon prices and EBIT this quarter of NOK 923 million versus NOK 583 million last year. Saying that, as I started with the salmon prices in second quarter has been, I would say far better and has been much stronger than anybody could imagine. It's been over 100 NOK per kilo on average. But for Lerøy's case, approximately 45% were linked to fixed contract on a lower level. We have not seen the full effect in the price achievement for Lerøy in this quarter, as you've seen in the spot market.
Harvest volume is a bit down from same season last year, 33,000 tons versus 36,000 tons, and it's divided with approximately 4,000 tons up north, 14,000 tons in Midt and 14,000 tons in Lerøy Sjøtroll. We have a negative contribution from the VAP sales and distribution segment in this quarter, and it's easily explained by the increase of salmon prices, which we have not been able to transfer out directly to the end consumers. If you look at EBIT per kilo, including the loss from the sale and distribution segment, the EBIT per kilo is 25 NOK per kilo.
It's divided by approximately 20 EBIT per kilo, 20 NOK in the North, 34 NOK in Lerøy Midt and 27 NOK in Lerøy Sjøtroll. We are also taking our volume a bit down, approximately 5,000 tons, and it's mainly due to a slower growth, in particular in Midt and in the West Coast in July-August period. Norskott Havbruk volume is up from last year and, all in all, we are expecting to slaughter approximately 203,000 tons in the quarter. Looking at the wild catch segment of Lerøy, it's fair to say also here that it's been the best first half year of Havfisk and Lerøy Norway Seafoods ever.
It's mainly driven by, as you can see on the graph, extremely good prices. Cod prices is up approximately 67% from the same quarter last year. As haddock prices is up with 30% and saithe prices is up with approximately 57%. Volume caught in the quarter is 18,600 tons, and first half year number is 43,000 tons, and we are expecting to catch all in all approximately 69,000 tons in the 2022, which is approximately 3,000 ton down from last year and it's mainly related to reduced quota in 2022. I give the floor to Britt.
Thank you, Arne. We start with this table, and this actually sums up what Arne has been going through for each segment in the second quarter. Then, shortly to sum up, the raw material intake for pelagic raw material. This is almost in line with last year. When it come to the catch volume for whitefish is a little bit higher than last year. Looking at the harvest volume of salmon and trout, that is below or lower than last year. Arne has been through the main figures, and so I will not repeat, but what we can say is we have of course had a very strong price development for all seafood in second quarter, and especially for salmon and trout.
That has, of course, given us a very good earnings from farming and from the catch operation, but it has been extremely difficult for the downstream industry within salmon and whitefish. The EBIT in second quarter is NOK 1.3 billion, and that is up almost 56% from NOK 867 million in same quarter last year. The two largest associated companies are Norskott Havbruk and Pelagia, and both of them have had better earnings in second quarter this year compared to last year. Income from associated companies are NOK 110 million in second quarter this year compared to NOK 54 million last year. Pre-tax in second quarter is NOK 1.3 billion, almost the same as the EBIT, and it's up 60% from NOK 829 million in same period last year.
Earnings per share this quarter is NOK 2.91, up from NOK 1.66. Looking at the first half figures, we have an EBIT of 2.3 billion, up almost 50% from 1.6 billion. As mentioned, a good earnings both in first and second quarter for Norskott Havbruk and Pelagia. Income from associated companies are NOK 169 million, up from NOK 110 million in same period last year. Pre-tax first half year is almost NOK 2.4 billion, up from NOK 1.5 billion in first half last year. Earnings per share is NOK 4.77 first half this year up from NOK 3.1 same period last year. We move into the segments.
Looking at the Lerøy Seafood Group, the main driver or value driver for Lerøy is the harvested volume of salmon and trout, and that was 33,000 tons in second quarter this year. Last year it was almost 37,000 tons. As mentioned, we have seen extremely high prices for salmon and trout in second quarter. However, Lerøy's price achievement on the average is impacted by the contract share. Lerøy's contract share in second quarter was 46%, and these contracts were entered into in 2021. We have also seen inflation on important input factors, and that of course impacted the release from stock cost. Also the low harvest volume impact the release from stock cost.
However, we see improved operational in all our farming areas, and we are glad to announce that. Looking at the whitefish part of Lerøy, there has been a strong price development and for cod up 64%, haddock up 31%, and saithe up 57%. We have had really good earnings from the catch operation. However, as mentioned, it has been difficult for the downstream industry. Lerøy had a EBIT of NOK 923 million in second quarter this year, up from NOK 583 million in same quarter last year. Austevoll have had a very good activity in second quarter, and out of the total catch, first season of 165,000 tons, the company caught 138,000 tons in May and June.
In addition, they bought almost 97,000 tons from third party going into our factories in Centro Norte and south of Peru. The sales volume, we have sold a little bit more fish meal compared to last year. The fish oil volumes sold are in line with last year. Fish meal prices are up 4%, and the fish oil prices has almost doubled compared with same quarter last year. We have a high inventory going out of second quarter, 48,000 tons combined with fish meal and fish oil. These volumes will be sold in third quarter and maybe some into fourth quarter as well. The revenue in the quarter was NOK 531 million, the EBIT NOK 169 million, and the EBITA NOK 121 million.
The main season for Foodcorp is the first half of the year, so they have also had a good activity in second quarter. By end of June, they had caught 82% of their total quota for 2022, and they finished the quota now in July. The sales volume of frozen products is higher compared with last year, but the price achievement is down by 9%. The revenue in second quarter is NOK 327 million, and the EBIT is NOK 125 million, and the EBIT is NOK 116 million, and that is more or less in line with the same quarter last year. Br. Birkeland Farming AS is a small farmer on the west coast of Norway, and they sell all their salmon in the spot market and has of course achieved extremely high prices for the salmon sold in second quarter this year.
The harvest volume is up by 25%, and they harvested a little bit less than 2,800 tons. That gave a revenue in second quarter of NOK 303 million, an EBIT of NOK 194 million, and an EBIT of NOK 177 million, and an EBIT per kilo of a little bit less than NOK 64. Br. Birkeland has four fishing vessels, two pelagic vessels and two vessels fishing snow crab. The pelagic vessels have caught the blue whiting and North Sea herring in the quarter, and the snow crab vessels has caught 436 tons in second quarter and in total 678 tons for first half year. The snow crab fishing was stopped at June seventh, and that was because the total Norwegian quota for snow crab was caught at that time.
These two vessels will not have any operation in second half. The revenue in second quarter was NOK 117 million and the EBIT NOK 37 million and the EBIT NOK 23 million. Total assets by the end of June was 47.7 billion. What we see is a cost inflation and that also impact our balance sheet. What you can see is that the biological asset have a higher value by the end of June. Also other inventory have a higher value and receivables. When we look into the cash flow, you will see that we tie up more working capital compared with last year. The net interest-bearing debt by the end of June was NOK 5.9 billion. We have a strong balance sheet. The booked equity is 26.8 billion, which gives a equity ratio of 56%.
Looking at the cash flow, I will look into first half year, and cash from operating activities was NOK 974 million. As you can see, we tie up quite a large amount in working capital. We have also paid more taxes in the first half year this year compared with last year, NOK 200 million more. Cash from investing activities are -NOK 801 million, and cash from financing activities are -NOK 1.2 billion. What I can mention here is that we have paid out dividend in June 2022. NOK 908 million are paid to Austevoll Seafood's shareholders. In addition, we have also paid out dividend to the minority shareholders in other group companies. Total paid out dividend from the group is NOK 1.7 billion.
We started the year with a cash position of NOK 5.3 billion, and we ended June with a cash position of NOK 4.3 billion. Arne, I take you to the outlook.
I'll take you through the different markets where we are operating, starting off with the fish meal market. As you can see from the table on the left-hand side, the total production among the largest producers in the world is down by approximately 5%, up to week 30, compared with same period last year. Peru is down by approximately 14.5% in the same period. This is some of the reason also why I've seen a bit increase in prices. Prices now is just over $1,600 per ton for standard fish meal and for super prime, it's approximately just north of $1,800 per ton.
I would say season has been well-performed, as I mentioned, in Peru. In our case, we have more or less landed all the sales going into third quarter, and maybe some volumes will go into fourth quarter. The market in China, which is the biggest consumer in the world, is very good. The daily consumption has been up 22% versus the same period in 2021. You can see also that the stock level is a bit lower now than it was same period last year. Saying that also, the season started off later in Peru, and I guess it's a lot of volumes now coming into China from the sea.
It will balance the situation to normal levels, I would say, in terms of stock. Prices, we can see that the achieved prices from the traders in Peru is more or less on the same level as what we are selling on in China. Also, that China's currency is weakening against U.S. dollar has also led to a higher cost for importing the fish meal. Saying that, the consumption and demand has been very good and is driven mainly by the aquaculture industry. You can also see that the soya bean fish meal ratio is still favorable for fish meal consumption.
The situation for fish oil has been also extremely interesting for the producers during the season. You can see that prices has more or less doubled from same quarter last year in terms of what we are selling to this year. It's mainly related to, and this is the Peruvian fish oil, which is mainly related to a bit lower volume, but also a lower fish oil yield during the season in Peru. Peruvian fish oil is full of EPA and DHA, and is better priced than the other origin.
As you can see now, the price for feed-grade now is just south of $4,000 per ton, and with a premium of $500 per ton, if you're delivering into the Omega-3 Industry. Looking at the Atlantic Salmon Supply, we are expecting a negative growth worldwide of approximately 1.4% in 2022. In Norway, it's down with 1.3%, and we might believe that this volume is even gonna be a bit lower going forward to the end of the year than what we have seen now. Looking into next year, volume is expected to be up with approximately 5.5% in Europe and 2.4% in Americas.
All in all, a growth of just south of 5%. Fish meal prices has been extremely volatile during the period. As I mentioned, we didn't expect prices being on the level of 105 NOK per kilo spot prices during second quarter. During a half year, prices has been gone from 60 NOK per kilo to up to 120 NOK per kilo and down again to 60 NOK per kilo at this week. It's extremely volatile and again, it's a result of an extremely strong market. You also see that the volume from Norway is down with approximately 5%.
Consumption is also down, but I would say that the market is extremely strong, thanks to the high prices we have seen during the quarter as led by EU and United States. Summing up, again, we have been through a good half year. We are not benefiting fully from the spot prices we have seen in the quarter. Entering the next half year with a huge volume for Lerøy now and are expecting a good second half for Lerøy with high volume and also, in particular, very good performance in the region in the north.
Whitefish, again, I would say that the main result is made first half and they've done a fantastic year both on the fleet side and been working very strongly on the industry side. Again, with increasing prices from the raw material, makes it difficult to make profit on the industry side. Looking at the pelagic situation in South America, we are satisfied with the fishing season we have been through, first season. Looking forward to the fishing, which will start up in fourth quarter. Again, I think we're also gonna have a strong third quarter from Peru. The Chilean activity is mainly done first half.
Again, we could conclude that the season has been performed quite well in our case, based on the raw material we have available. North Atlantic, our activity there is gonna mainly be related to the direct human consumption of mackerel and of herring in the season. We have started taking in volume from August off and expect a good contribution from this segment during second half year. That was all. All in all, we are expecting a better second half year this year compared with same period last year. Thank you.