SalMar Q3 operational EBIT tops estimates on record volume
SalMar Q3 operational EBIT tops estimates on record volume
Overview
Norway salmon producer's Q3 operational EBIT beat analyst expectations
Company achieved record-high Q3 harvest volume, driven by strong biological performance
Company reduced net interest-bearing debt and strengthened financial position
Outlook
SalMar expects slightly lower cost level in Q4 2026 compared to Q3 2026
SalMar maintains 2026 harvest volume guidance at 347,000 tonnes
SalMar expects 2027 harvest volume of 348,000 tonnes
Result Drivers
HARVEST VOLUME - Record-high harvest volume driven by strong biological performance
LOWER COSTS AND PRICE ACHIEVEMENT - Co said lower cost levels and improved price achievement contributed positively to results
SALES & INDUSTRY - Strong results from Sales & Industry attributed to record-high volumes through processing facilities and improved operational performance
Company press release: ID:nGNEK55bl
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Operational EBIT | Beat | NOK 1.61 bln | NOK 1.56 bln (9 Analysts) |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 8 "hold" and no "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 NOK620.00, about 7.1% above its November 2 closing price of NOK579.00
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 15 three months ago
Reuters Recommended Reads
Nov 2 - Fish farmer Bakkafrost Q3 operational EBIT rises on FOF segment growth
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.)