Brief: Akva Group Outlook For Post Smolt Market In Norway Still Slow, Expected To Improve Gradually Going Forward

Akva ASA

16/08/2024 07:24

Aug 16 (Reuters) - Akva Group ASA  AKVA.OL :
    * OUTLOOK FOR POST SMOLT MARKET IN NORWAY IS STILL SLOW DUE
TO
RESOURCE TAX BUT IS EXPECTED TO IMPROVE GRADUALLY GOING FORWARD
    * HIGH ACTIVITY LEVEL IS DRIVEN BY SEA BASED BUSINESS
SEGMENT AND
POSITIVE MOMENTUM IN NORDIC MARKET
    * MARKET FOR LAND BASED IS STILL SLOW AND AKVA HAS NOT BEEN
AWARDED ANY NEW SIGNIFICANT CONTRACTS SO FAR IN 2024
    * COMPANY HAS DECIDED NOT TO PAY ANY DIVIDEND IN SECOND HALF
OF
2024
    * SALMON PRICES ARE EXPECTED TO REMAIN STRONG DRIVEN BY
REDUCED
SUPPLY
    * EXPECTS TO SEE A NORMALIZATION OF POST SMOLT MARKET IN
NORWAY
DURING SECOND HALF OF 2024 AND IN 2025
    * IS AIMING FOR A REVENUE OF MINIMUM BNOK 3,6 AND EBIT OF
4-5% IN
2024

Source text for Eikon:  ID:nGNE7SRRPW 
Further company coverage:  AKVA.OL 

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