IFISH Ice Fish Farm AS

KALDVIK AS (KLDVK): Q3 2024 Results

KALDVIK AS (KLDVK): Q3 2024 Results

KALDVIK AS (KLDVK) reports Operating income in Q3 amounted to EURm 24.5 (EURm 2.1), while the operating profit before fair value adjustment of biomass and production tax was EURm 2.1 (EURm 0.3).

Harvest amounted to 3.798 tonnes in Q3 2024 (193 tonnes)

Web cast will be at 11:00 (CET)/ 10:00 Icelandic time on 20 November 2024 on the following link on Teams:





Attached is the presentation and report for Q3 2024.

Kaldvik, 20 November 2024

Contacts: Robert Robertsson, CFO of KALDVIK AS:

(mobile)

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

Attachments



EN
20/11/2024

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 PRESS RELEASE

KALDVIK AS (KLDVK): Q3 2024 Results

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Kaldvik (Buy, TP: NOK31.00) - Ramping up harvest in Q3

We expect Q3 operating EBIT of NOK9m, in line with consensus of NOK10m, and harvest of 4.5kt (in line with the guidance at Q2), corresponding to an EBIT/kg margin of NOK1.9. We expect the 2024–2025 volume guidance of 17.5–25kt to be reiterated, and believe investors should focus on comments regarding operational performance for seawater and smolt production. With our estimates largely intact, we reiterate our BUY and NOK31 target price.

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