SalMar meets Q1 operational EBIT estimates, lifts Norway volume guidance

SalMar ASA

20/05/2026 05:40

Overview

Norway salmon producer's Q1 operational EBIT met analyst expectations

Company raised 2026 Norway volume guidance by 12,000 tonnes after record-strong biological performance

Profitability in Sales & Industry impacted by InnovaMar facility upgrade

Outlook

SalMar raises 2026 Norway harvest volume guidance by 12,000 tonnes to 282,000 tonnes

Company expects total Group harvest volume of 330,000 tonnes in 2026, up 10% from 2025

SalMar says strong biological indicators and lower costs support outlook for continued strong performance

Result Drivers

HIGHER HARVEST VOLUMES - Co attributed improved results to increased harvest volumes in Q1

RECORD BIOLOGICAL PERFORMANCE - Co cited record-strong biological performance in Norway, including survival rate and growth, as key driver for increased volume guidance

LOWER COST LEVEL - Co said lower costs in the value chain contributed to improved results

Company press release: ID:nGNE8VJJtd

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Operational EBIT
Meet
NOK 1.51 bln
NOK 1.51 bln (7 Analysts)

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 4.2% above its May 19 closing price of NOK585.50

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 16 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)