Brief: Salmar Says Fish Farming Segment In Norway Showed Improved Biological Performance

SalMar ASA

20/08/2024 06:08

Aug 20 (Reuters) - SalMar ASA  SALM.OL :
    * FISH FARMING SEGMENT IN NORWAY SHOWED IMPROVED BIOLOGICAL
PERFORMANCE
    * HARSH WINTER CONDITIONS AND EXTREME WEATHER EARLIER IN THE
YEAR
CONTINUED TO NEGATIVELY IMPACT THE SUPERIOR SHARE, PRICE
ACHIEVEMENT
    * CONTRACT SHARE WAS 46%, WHICH COMBINED WITH HIGH SPOT
PRICES
RESULTED IN NEGATIVE CONTRIBUTION
    * ICELANDIC SALMON REPORTED HIGH COST DUE TO CONTINUED
BIOLOGICAL
CHALLENGES IN THE QUARTER AND LOW HARVEST VOLUME, AFFECTING
RESULTS
    * ICELAND HARVEST GUIDANCE IS REDUCED TO 13,000 TONNES
    * FARMING SEGMENTS IN NORWAY: COST LEVEL IN Q3 2024 IS
EXPECTED TO
BE SLIGHTLY HIGHER COMPARED TO Q2 2024
    * CONTRACT RATE EXPECTED AT 35%, BOTH IN Q3 AND FY 2024 IN
NORWAY

Source text for Eikon:  ID:nGNE27c5R 
Further company coverage:  SALM.OL 

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