Norway's SalMar Q4 revenue and EBIT miss estimates

SalMar ASA

10/02/2026 05:38

Overview

Norway salmon producer's Q4 revenue and operational EBIT missed analyst expectations

Company harvested over 300,000 tonnes of salmon in 2025, a new milestone

SalMar plans NOK 1.1 bln investment in 2026, focusing on maintenance

Outlook

SalMar expects low global supply growth in 2026

SalMar plans NOK 1.1 bln investment in 2026, mainly for maintenance

SalMar maintains 2026 volume guidance at 318,000 tonnes, up 6% from 2025

Result Drivers

LOWER COSTS - SalMar reported a significant increase in Q4 results driven by lower costs in the value chain and rising market prices

STRONG NORWAY PERFORMANCE - Continued strong operational and biological performance in Norway contributed positively to results

ICELANDIC IMPROVEMENT - Significant improvement in results from Icelandic Salmon driven by a lower cost level

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Miss
NOK 8.18 bln
NOK 9.05 bln (7 Analysts)
Q4 Operational EBIT
Miss
NOK 1.83 bln
NOK 1.93 bln (8 Analysts)
Q4 Pretax Profit
NOK 1.34 bln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 6 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the food processing peer group is "buy"

Wall Street's median 12-month price target for SalMar ASA is NOK610.00, about 2.9% above its February 9 closing price of NOK593.00

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 18 three months ago

Press Release: ID:nGNE23zV2G

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)