Accelerated Organic Growth Expected For Co

Akva ASA

24/11/2020 08:19

Nov 24 (Reuters) - Akva Group ASA  AKVA.OL :
    * REG-ACCELERATED ORGANIC GROWTH EXPECTED FOR AKVA GROUP
    * EXPECTED 1-2 MILLION TONS INCREASE(1) IN GLOBAL
CONSUMPTION OF
ATLANTIC SALMON BY 2030 DRIVES GROWTH EXPECTATIONS
    * EXPECTED DEMAND GROWTH IS IN LINE WITH INCREASE IN SALMON
CONSUMPTION OVER LAST 10 YEARS
    * OUTLOOK IS STRONGLY SUPPORTED BY GLOBAL MEGATRENDS WHERE
CONSUMERS FOCUS ON HEALTHY AND SUSTAINABLE FOOD PRODUCED CLOSE
TO WHERE THEY LIVE.
    * MAJOR PART OF INCREASED VOLUME IS LIKELY TO COME FROM
CONVENTIONAL CAGE BASED FARMING, SUPPORTED BY IMPROVED FISH
HEALTH AND TECHNOLOGY INNOVATIONS
    * REMAINING PART IS EXPECTED TO BE SUPPLIED FROM LAND BASED
FARMING AND OTHER UNCONVENTIONAL TECHNOLOGIES
    * DELIVER MINIMUM 25% EBIT-INCREASE YEAR-ON-YEAR.
    * STEP BY STEP IMPROVE RETURN ON AVERAGE CAPITAL EMPLOYED
(ROACE)
TO MINIMUM 15% BY 2023.
    * AT LEAST 50% INCREASE IN INNOVATION SPENDING TO SUPPORT
NEW
PRODUCT DEVELOPMENT AND ORGANIC GROWTH.

Source text for Eikon:  ID:nGNE5FYf2l 
Further company coverage:  AKVA.OL 

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