SalMar slides as winter weather, jellyfish attacks hit Q1 profit

SalMar ASA

14/05/2024 08:26

** SalMar  SALM.OL  shares fall 5% after the Norwegian fish
farmer posted operational profit miss in first quarter, affected
by winter weather, environmental issues
    ** The company posts operational profit in Q1 falling nearly
20% to NOK 1.51 billion ($139.6 million) against a NOK 1.74
billion seen on average by analysts, per LSEG data
    ** It cites extreme winter weather events and continued
jellyfish attacks that impacted its farming segments in Norway
        ** The stock, at its lowest in three months, is among
top fallers in pan-European STOXX 600  .STOXX  index
  

    

($1 = 10.8197 Norwegian crowns)

 (Reporting by Anna Chaberska)
 ((Anna.chaberska@thomsonreuters.com))