Brief: Statt Torsk To Revise Sales Strategies

Statt Torsk ASA

05/05/2023 07:07

May 5 (Reuters) - Statt Torsk ASA  STATT.OL :
    * STATT TORSK ASA: DEVALUATION OF BIOMASS AND DELAYED
PUBLICATION
OF 2022 ANNUAL REPORT
    * ANNUAL REPORT 2022 WILL BE POSTPONED, EXPECTED TO BE FILED
NO
LATER THAN ON 11 MAY 2023
    * DELAYED RELEASE OF 2022 ANNUAL REPORT IS DUE TO A
DEVALUATION OF
BIOMASS OF APPROX. NOK 47 MILLION AS PER 31.12.2022
    * DEVALUATION DUE TO DECLINED PRICE ACHIEVEMENT OF FARMED
COD FROM
NOK 44/KG (WFE) IN Q4 2022 TO NOK 36/KG (WFE) IN Q1 2023
    * DEVALUATION DUE TO REDUCED WEIGHT OF FISH DUE TO
HARVESTING
REGIME 1H2023
    * PRICE ACHIEVEMENT IN Q1 2023 CAN BE EXPLAINED BY
UNSUCCESSFUL
MARKET AWARENESS OF FARMED COD, INEFFECTIVE SALES STRATEGIES OF
PART OF OUR PRODUCTION
    * INTENDS TO REVISE OUR SALES STRATEGIES
    * RESULTS OF 2022 ANNUAL REPORT INCLUDING DEVALUATION, IS
EXPECTED
TO BE NEGATIVE NOK 83,5 MILLION
    * REVENUES IN Q1 2023 WAS NOK 36,6 MILLION, HARVESTED TONS
1,086,
SOLD TONS 1,005

Source text for Eikon:  ID:nObiXLRLna 
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