Salmon Evolution ASA: Results for the second quarter 2023

OSLO, Norway, Aug. 17, 2023 /PRNewswire/ —

Highlights in the quarter:

• Biomass production is back on track – strong biological performance since mid-May with good appetite and normal mortality levels.
• Q3 on track for all time high biomass production – standing biomass of 1,628 tonnes (LW) per 15 August.
• Batch 2 harvested in May yielding 585 tonnes HOG with 93 % superior share, tight weight concentration and good price realization.
• Batch 6 and 7 stocked in end of May and end of June as planned.
• Favorable production cost development – further improvements expected alongside increased production volumes.
• Contracts awarded for Indre Harøy phase 2. Upon completion this adds another 7.9kt HOG, bringing the total up to 15.8kt HOG per annum.
• Successful private placement in April raising gross proceeds of NOK 525 million.
• Available liquidity of NOK 853 million per 30 June 2023 including committed undrawn credit facilities.

Results presentation:

CEO Trond Håkon Schaug-Pettersen and CFO Trond Vadset Veibust will present the results for the second quarter at Hotel Continental in Oslo, Thursday 17 August 2023 08:00 CET.

Participants may also follow the presentation and submit questions through a live webcast available on www.salmonevolution.no, or with the following link: https://events.webcast.no/viewer-registration/cTIuV5my/register 

The presentation and Q&A will be held in English.

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

For further information, please contact:

Trond Håkon Schaug-Pettersen, CEO 

[email protected] 

+47 91 19 13 27

Trond Vadset Veibust, CFO

[email protected]

+47 48 09 05 95

The following files are available for download:

View original content:https://www.prnewswire.com/news-releases/salmon-evolution-asa-results-for-the-second-quarter-2023-301903265.html

SOURCE Salmon Evolution

Disclaimer: The above press release comes to you under an arrangement with PR Newswire. Agrigate Global takes no editorial responsibility for the same.