SALM SalMar ASA

SalMar – Q1 2024 Trading update

SalMar – Q1 2024 Trading update

Consolidated harvest volumes in Q1 2024 are:

Farming Central Norway: 27.8

Farming Northern Norway: 17.5

SalMar Aker Ocean: 4.8

Icelandic Salmon: 2.8

Total: 52.9

Alle figures in 1,000 tgw. 

As previously communicated, the impact of string jellyfish has resulted in low superior share and average size on the fish harvested in Northern-Norway in the quarter.

The full Q1 2024 report will be released on 14 May 2024 at 06:30 CEST, the following presentation will be available through Norwegian webcast at 08:00 CEST and English webcast (recording) at 10:00 CEST.

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
10/04/2024

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SALMSalMar ASA

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Catching its breath - down to HOLD

We estimate Q1 EBIT of NOK 1,650m (-4% vs. FactSet cons). '24e EBIT -7% as weak biology offsets higher spot prices. Limited upside after share price rally; down to HOLD.

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ISLAX ARNARLAX AS
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