SALM SalMar ASA

SalMar - Q1 2020 Trading Update

SalMar - Q1 2020 Trading Update

Consolidated harvest volumes in Q1 2020 are:

Farming Central Norway (1,000 tgw): 22.2

Farming Northern Norway (1,000 tgw): 13.6

Arnarlax – Iceland (1,000 tgw): 4.3

Total Q1 2020 (1,000 tgw): 40.0

The full Q1 2020 report will be released on 19 May 2020 at 06:30 CET.

For more information, please contact:

Håkon Husby

Head of Investor Relations

Tel: +47 936 30 449

Email:

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

EN
06/04/2020

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Reports on SalMar ASA

Alexander Aukner
  • Alexander Aukner

SalMar (Buy, TP: NOK650.00) - Minor model adjustments

We have updated our estimates for the volumes in the recent Q1 trading update and a back-end-loaded harvest profile in the quarter, with a higher share of downgrades. We expect operating EBIT of NOK997m for the quarter, c16% below consensus of NOK1,188m. We do not consider these changes to be material, and we have not changed our BUY recommendation. We reiterate our NOK650 target price. The full Q1 report is due at 06:30 CET on 20 May.

ABGSC Seafood Research ... (+3)
  • ABGSC Seafood Research
  • Martin Kaland
  • Simon Brun

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