Brief: Salmar Q1 Total Harvest At 48,500 Tonnes

SalMar ASA

11/05/2023 06:30

May 11 (Reuters) - SalMar ASA  SALM.OL :
    * NORWAY QTRLY HARVEST VOLUME WAS 42,000 TONNES, AND
OPERATIONAL
EBIT PER KG WAS NOK 41.1 PER KG 
    * NORWAY Q1 HARVEST VOLUME WAS 42,000 TONNES, AND
OPERATIONAL EBIT
PER KG WAS NOK 41.1 PER KG 
    * QTRLY OPERATIONAL EBIT PER KG WAS NOK 38.8
    * Q1 TOTAL HARVEST WAS 48,500 TONNES. OPERATIONAL EBIT PER
KG WAS
NOK 38.8
    * FISH FARMING CENTRAL NORWAY REPORTED STRONG QUARTER WITH
LOWER
COSTS AND FAVOURABLE HARVEST PROFILE
    * FISH FARMING NORTHERN NORWAY DELIVERS GOOD RESULTS FOR
QUARTER,
ALTHOUGH PARTLY OFFSET BY A LARGE SHARE OF HARVEST VOLUMES WITH
HIGHER COST BASE FROM NRS
    * LOW QUARTERLY VOLUMES FROM SCOTTISH SEA FARMS WITH
IMPROVED
RESULTS COMPARED TO PREVIOUS QUARTER
    * SALMAR KEEPS ALL PRODUCTION VOLUME GUIDING FOR 2023
UNCHANGED
    * LIMITED SUPPLY GROWTH DROVE PRICE OF ATLANTIC SALMON TO
RECORD
HEIGHTS IN Q1 OF 2023 AND RESULTED IN SOLID PROFITS FOR SALMAR.
    * OUTLOOK: EXPECTS A LIMITED INCREASE IN GLOBAL SUPPLY OF
ATLANTIC
SALMON IN 2023 COMPARED TO 2022
    * SALMAR KEEPS ITS HARVEST VOLUME GUIDING FOR 2023
UNCHANGED.
    * HARVEST VOLUME IN NORWAY IS EXPECTED AT 243,000 TONNES, IN
ICELAND 16,000 TONNES, AND IN SCOTLAND 37,000 TONNES
    * FOR Q2 OF 2023, COMPANY EXPECTS SLIGHTLY HIGHER VOLUME AND
SIMILAR COST LEVEL IN NORWAY
    * OUTLOOK: CONTRACT SHARE FOR Q2 AND FULL YEAR 2023 IS
EXPECTED TO
BE AROUND 25% AND 12%, RESPECTIVELY

Source text for Eikon:  ID:nGNE5S1DVR 
Further company coverage:  SALM.OL 

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