Salmon Evolution ASA: NOK 40/kg in farming EBITDA margin in Q1 2024
"In Salmon Evolution we have a vision to grow salmon on land with excellent biology in a highly profitable way", CEO of
Highlights in the quarter:
- Farming EBITDA of
NOK 36.2 million ,NOK 40.2 EBITDA/kg. - Group EBITDA of 24.1 million and group EBIT of
NOK 5.8 million . - Q1 harvest volumes of 901 tonnes HOG, with average weight of 4.6 kg LW, superior share of 96 % and strong price realization.
- Record high standing biomass of almost 2,700 tonnes LW end of quarter.
- Stable operations with net biomass growth of ~1,560 tonnes LW, up 8 % from Q4 2023.
- Q2 harvest volumes expected in the range of 1,600 - 1,800 tonnes HOG.
Results presentation:
CEO
Participants may also follow the presentation and submit questions through a live webcast available on www.salmonevolution.no, or with the following link: https://events.webcast.no/salmon-evolution/OEpmPDaoyhi5siPjdg0b/4N4FewYC7AMYtNn8F97N
The presentation and Q&A will be held in English.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
For further information, please contact:
thsp@salmone.no
+47 91 19 13 27
Trond Vadset Veibust, CFO
tvv@salmone.no
+47 48 09 05 95
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
https://mb.cision.com/Public/19899/3974448/823d3e36290d3e12.pdf |
SALME Q1 2024 Report |
https://mb.cision.com/Public/19899/3974448/84bc811d35798683.pdf |
SALME Q1 2024 Presentation |
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