SALM SalMar ASA

SalMar - Cancels Capital Markets Day 15th-16th of June 2020

SalMar - Cancels Capital Markets Day 15th-16th of June 2020

In light of the Covid-19 outbreak and the accompanying disease prevention measures taken into effect by the Norwegian authorities, SalMar has decided to cancel the Capital Markets Day 15th and 16th of June 2020.

SalMar follows the situation closely and will announce a new date at a later time.

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

EN
14/04/2020

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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.

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