ISLAX ARNARLAX AS

Icelandic Salmon - Invitation to presentation for the second quarter 2024 results

Icelandic Salmon - Invitation to presentation for the second quarter 2024 results

Bíldudalur, 14th of August 2024.

Icelandic Salmon will be presenting results for the second quarter of 2024 on Thuesday the 20th of August 2024. The presentation will be held in English via webcast, please copy and paste the following link into your browser: arnarlax.webcast.is

The company’s CEO Bjørn Hembre and CFO Jónas Heiðar Birgisson will be presenting the company's results at 9:00 Icelandic time (11:00 CEST).

There will be a Q&A session after the presentations so you can send in questions during the presentation to  

A recording of the presentation will be made available on the company’s website.

After the presentation there is an opportunity to book one on one meeting either at our office in Reykjavík (Urðarhvarf 14) or on Teams between 10:15 – 15:00 Icelandic time, if interested to do so please send an email to 

The results will be available from 06:30 CEST that morning at the company’s homepage  and on Globe Newswire newsroom,globenewswire.com/newsroom

For further information, please contact:



CEO Bjørn Hembre

Tel:

Email: 

CFO Jónas Heiðar Birgisson

Tel:

Email: 

About Icelandic Salmon:

Icelandic Salmon is listed at the Euronext Growth in Oslo and NASDAQ First North in Reykjavík. The company is the 100% owner of Arnarlax ehf, the leading farming company in Iceland with their head office in Bildudalur. The company is fully integrated, from egg to the fish is delivered to customers in the market, with control over all parts of the value chain.

See  for more information about the company.

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

 



EN
14/08/2024

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on ARNARLAX AS

Ola Trovatn
  • Ola Trovatn

Icelandic Salmon (Hold, TP: NOK135.00) - Stabilised biology

Q3 operating EBIT of NOK-35m was slightly below our estimate and consensus of NOK-25m. Biology stabilised in Q3 after a challenging H1, and focus shifted to rebuilding biomass. The 2024 volume guidance of 13kt was unchanged, while 2025 was guided at 15kt, 3.2kt–4.2kt below our estimate and consensus. We have cut our target price to NOK135 (145) on our lowered estimates, and downgraded to HOLD (BUY), with the valuation looking fair at a 2025–2026e P/E of 22.6–9.8x.

 PRESS RELEASE

Icelandic Salmon Q3 2024: Building a solid foundation for recovery

Icelandic Salmon Q3 2024: Building a solid foundation for recovery Bíldudalur, 18 November 2024Icelandic Salmon is the parent company of Arnarlax and its subsidiaries, which are involved in salmon farming and processing in Iceland. The companies are collectively referred to as "Icelandic Salmon" or the "Group". In the third quarter, Icelandic Salmon stabilised conditions following biological challenges from last winter and spring.  Harvest volume remained low, impacting the quarterly results. However, the Group’s focus on biomass growth has built a solid  foundation for recovery and future...

 PRESS RELEASE

Icelandic Salmon - Invitation to presentation for the third quarter 20...

Icelandic Salmon - Invitation to presentation for the third quarter 2024 results Bíldudalur, 15th of November 2024. Icelandic Salmon will be presenting results for the third quarter of 2024 on Monday the 18th of November 2024. The presentation will be held in English via webcast, please copy and paste the following link into your browser: The company’s CEO Bjørn Hembre and CFO Jónas Heiðar Birgisson will be presenting the company's results at 9:00 Icelandic time (11:00 CEST). There will be a Q&A session after the presentations so you can send in questions during the presentation to   A...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch