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- Operational EBIT for Norway was NOK 1,546 million for the first quarter.
Harvest volume was 45,400 tonnes and operational EBIT per kg was NOK 34.1.
- Operational EBIT for the Group was NOK 1,512 million for the first quarter.
Harvest volume was 52,900 tonnes and operational EBIT per kg was NOK 28.6.
- The Salmon Living Lab innovation and R&D centre which was launched in the
quarter has attracted broad interest from potential partners.
âThe first quarter was challenging in many ways, and we were once again reminded
of the importance of working with the forces of nature. Our ability to
understand biology and the environment is of great importance for our
operational and financial performance. That is why we believe so strongly that
our many improvement initiatives, including Salmon Living Lab, are important for
the continued success of our company and our industry as a whole,â said SalMarâs
CEO Frode Arntsen.
Segment update
- Farming segments in Norway, was significantly impacted by the jellyfish
attacks and extreme weather events this winter. Low superior share and low
average harvest weights, in particular in Northern Norway, impacted both
cost and price achievements.
- Sales and Industry continued to show strength in its flexible operational
setup, handling volumes affected by biological challenges. The contract
share was 39 per cent, with negative contribution.
- Icelandic Salmon is affected by high cost due to biological challenges.
- SalMar Aker Ocean harvested from both its two semi-offshore projects during
the quarter where strong biological performance once again gives confidence
for further potential.
- Scottish Sea Farms had a solid quarter, with significantly improved results
and good biological status in all regions.
Volume guiding and outlook
- The volume guidance remains unchanged at 237,000 tonnes in Norway ,7,000
tonnes from SalMar Aker Ocean, 15,000 tonnes in Iceland and 37,000 tonnes in
Scotland (100% basis).
- SalMar continue to experience strong demand for our products and expect
limited global supply growth in 2024.
âIn SalMar we have a positive view on the future of the aquaculture industry,
and we are committed to grow our business sustainably and create value for
society and our various stakeholders. We see significant untapped potential for
further growth in the industry and want to lead the development further. Because
food does not go out of style, the world needs more healthy and nutritious
food,â Arntsen concludes
The complete report and presentation for the first quarter is attached.
SalMarâs CEO Frode Arntsen and CFO Ulrik Steinvik will present the companyâs
results today at 08:00 CEST at Hotel Continental in Oslo. The presentation will
also be available on webcast on www.salmar.no (http://www.salmar.no).
For further information, please contact:
Frode Arntsen, CEO
Tel: +47 482 06 665
Email: frode.arntsen@salmar.no
Ulrik Steinvik, CFO
Tel: +47 900 84 538
Email: ulrik.steinvik@salmar.no
HĂ„kon Husby, Head of Investor Relations
Tlf: +47 936 30 449
Email: hakon.husby@salmar.no
About SalMar
SalMar is one of the worldâs largest and most efficient producers of salmon. The
Group has farming operations in Central Norway, Northern Norway and Iceland, as
well as substantial harvesting and secondary processing operations. In addition,
the company is operating within offshore aquaculture through the company SalMar
Aker Ocean and SalMar owns 50% of the shares in Scottish Sea Farms Ltd.
See www.salmar.no for more information about the company.
This information is subject to the disclosure requirements stipulated in section
5-12 of the Norwegian Securities Trading Act.
Kilde
