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Image: Salmon Evolution / FIS
Salmon Evolution ASA: NOK 40/kg (USD 3.68) in farming EBITDA margin in Q1 2024
(NORWAY, 5/8/2024)
Salmon Evolution ASA ("Salmon Evolution" or the "Company", OSE: SALME) reported operating revenues of NOK 100.3 million (USD 9.23 M) in the first quarter of 2024 and a group EBITDA of NOK 24.1 million (USD 2.22 M) . The first quarter constitutes a significant milestone for Salmon Evolution with strong profitability and positive EBIT at Group level.
(1).jpg) "In Salmon Evolution we have a vision to grow salmon on land with excellent biology in a highly profitable way”, CEO of Salmon Evolution, Trond Håkon Schaug-Pettersen said. “The strong results in the first quarter are a testament to this and truly demonstrates that Salmon Evolution has established a unique, efficient and profitable growth platform. We are only at the start of our journey”, he continued.
Highlights in the quarter:
Source: Salmon Evolution. Clic on the image to enlarge
- Farming EBITDA of NOK 36.2 million (USD 3.33 M) , NOK 40.2 EBITDA/kg (USD 3.70).
- Group EBITDA of 24.1 million (USD 2.22 M) and group EBIT of NOK 5.8 million (USD 0.53 M).
- Q1 harvest volumes of 901 tonnes HOG, with average weight of 4.6 kg LW, superior share of 96 % and strong price realization.
- Record high standing biomass of almost 2,700 tonnes LW end of quarter.
- Stable operations with net biomass growth of ~1,560 tonnes LW, up 8 % from Q4 2023.
- Q2 harvest volumes expected in the range of 1,600 - 1,800 tonnes HOG.
Source: Salmon Evolution. Clic on the image to enlarge
Results presentation:
CEO Trond Håkon Schaug-Pettersen and CFO Trond Vadset Veibust was present the results for the first quarter of 2024 at Hotel Continental in Oslo, Tuesday 7 May 2024
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Source: PR Cision / Salmon Evolution
[email protected]
www.seafood.media
Information of the company:
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Address:
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Torget 5
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City:
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Elnesvågen
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State/ZIP:
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(NO-6440)
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Country:
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Norway
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Phone:
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+47 46 86 00 00
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E-Mail:
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[email protected]
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Skype:
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https://www.instagram.com/salmonevolution/
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More about: 
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