In This Article:
-
Total Operational EBIT for the first quarter was NOK 1,262 million, 28.02 NOK per kg
-
Total operational EBIT for Norway for the first quarter was NOK 1,201 million, 28.83 NOK per kg
-
Farming segments in Norway deliver record high results, where in particular Fish Farming Northern Norway has strong results. Northern Norway has its third quarter in a row with low cost level and continues to deliver a strong result. Fish Farming Central Norway delivers positive cost development and continued strong operational performance.
-
High salmon prices affecting price achievement from contracts within Sales & Industry, but underlying operations improving performance from previous quarters
-
Icelandic operations with solid results due to strong price achievement, strong capacity utilization at harvest plant and stable cost level
-
SalMar Aker Ocean, which was formally established in 2021, reports as a separate segment from Q1 2022.
-
SalMar keeps the volume guiding for all regions in 2022 unchanged.
-
The offer period for the announced voluntary offer for all outstanding shares in NTS ASA ended at the end of April 2022 where 52.7% of the shareholders in NTS ASA accepted the offer.
Continued solid performance in the value chain and record high salmon prices
SalMar reported an operational EBIT of NOK 1,262 million in the first quarter 2022, up from NOK 890 million in the previous quarter and NOK 627 in the first quarter last year. SalMar harvested a total of 45,000 tonnes, which resulted in a strong operational EBIT of NOK 28.02 per kg, up from NOK 15.78 per kg in the fourth quarter 2021 and NOK 17.02 per kg in the first quarter 2021.
“Our team has again delivered impressive performance, resulting in excellent quality of our products and a very strong operational and financial key numbers. Central Norway and especially Northern Norway reported strong biological and operational performance and our activities in Iceland showed solid results due to strong capacity utilisation at harvest plant and stable cost level,” said Linda K. Aase, who on 9 May joined SalMar as the company’s new CEO.
“Record high salmon prices have also contributed to the strong result, although the current market situation weakens the financial results in Sales and Industry due to price level on contracts. The underlying performance of operations in this segment continues to improve”, Aase said.
Strong platform for further sustainable growth in all regions
With a strong corporate culture built and nurtured by competent, dedicated, and employees with a passion for salmon, SalMar will continue to grow. And in recent years, SalMar has taken significant steps to equip the company for further sustainable growth along the entire value chain in all regions. This work will continue with full force going forward, where SalMar’s ambition to be leading both within traditional coastal farming, as well as in farming in more exposed areas along the coast and in the open ocean.