OSLO, Norway, Nov. 15, 2023 /PRNewswire/ --
Highlights in the quarter:
- Strong biological performance. Standing biomass of 2,100 tonnes per 30 September, up from 1,047 tonnes per 30 June 2023.
- All-time high biomass production with 1,290 tonnes in net biomass growth.
- Quarterly run-rate net biomass growth of 1,600 - 1,700 tonnes end of September, about 70-75 % of steady-state levels.
- Parts of batch 3 harvested in September yielding 185 tonnes HOG with 96 % superior share, tight weight concentration and good price realization. Expecting significant ramp up of harvest volumes in Q4.
- On track for production cost on par with conventional farming
- Batch 8 stocked end August and batch 9 end October bringing farm to steady-state number of individuals of 1.5-1.6 million.
- Available liquidity of NOK 705 million per 30 September 2023 including committed available undrawn credit facilities.
- Q4 harvest expectation 1,000 - 1,200 tonnes (HOG).
Results presentation:
CEO Trond Håkon Schaug-Pettersen and CFO Trond Vadset Veibust will present the results for the third quarter at Hotel Continental in Oslo, Wednesday 15 November 2023 08:00 CET.
Participants may also follow the presentation and submit questions through a live webcast available on www.salmonevolution.no, or with the following link: https://events.webcast.no/salmon-evolution/OEpmPDaoyhi5siPjdg0b/YpjX2kRpv5cFisuvNmU6
The presentation and Q&A will be held in English.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
For further information, please contact:
Trond Håkon Schaug-Pettersen, CEO
thsp@salmone.no
+47 91 19 13 27
Trond Vadset Veibust, CFO
tvv@salmone.no
+47 48 09 05 95
The following files are available for download:
https://mb.cision.com/Public/19899/3876058/afe4651af3d8c6a3.pdf | SALME Q3 2023 Report |
https://mb.cision.com/Public/19899/3876058/814e1ee29112fc03.pdf | SALME Q3 2023 Presentation |
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