Norway Royal Salmon ASA
Norway Royal Salmon ASA
05/11/2022 | Press release | Distributed by Public on 05/11/2022 08:31
Norway Royal Salmon ASA (NRS): Operational and financial update Q1-2022
Tid11.05.2022, 14:30:12
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Norway Royal Salmon ASA (NRS): Operational and financial update Q1-2022
Norway Royal Salmon ASA ("NRS") will release the full report for the first
quarter 2022 on 25 May 2022. Ahead of the report, the company hereby provides an
operational and financial update. The numbers are estimates, and final numbers
will be presented in the Q1 2022 report.
Highlights:
- NRS estimates an Operational EBIT of MNOK 115 in the first quarter of 2022 due
to a low price achievement in the quarter and certain non-recurring costs.
- NRS has during the first quarter experienced more biological challenges with
winter wounds in the Norwegian operations than normal. NRS has for welfare
reasons, therefore chosen to accelerate the harvest of the affected fish. This
has resulted in a low superior share and lower price achievement than the
prevailing market prices might suggest.
- Based on the above, NRS also reduces the projected harvest volume in Norway
for 2022 from 35 000 tonnes to 32 000 tonnes gutted weight.
More information will be given in connection with the presentation of the full
Q1 2022 report.
.
For more information contact:
CFO Ola Loe: +47 911 79 411
Interim CEO Charles Høstlund: +47 994 184 49
.
About Norway Royal Salmon:
The Norway Royal Salmon (NRS) group owns 36 085 tonnes MAB for salmon farming
located in Troms and Finnmark, and 21 800 tonnes MAB for salmon farming and 5
300 MAB for trout farming in Iceland through the company Arctic Fish. In
addition, the group has minority interest in two associated Norwegian fish
farming companies which together own nine fish farming licenses. NRS is an
attractively positioned fish farming group, which offers salmon to the market
through its own sales organisation.
For further details, please visit www.norwayroyalsalmon.com.
.
This information is subject to the disclose requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.
quarter 2022 on 25 May 2022. Ahead of the report, the company hereby provides an
operational and financial update. The numbers are estimates, and final numbers
will be presented in the Q1 2022 report.
Highlights:
- NRS estimates an Operational EBIT of MNOK 115 in the first quarter of 2022 due
to a low price achievement in the quarter and certain non-recurring costs.
- NRS has during the first quarter experienced more biological challenges with
winter wounds in the Norwegian operations than normal. NRS has for welfare
reasons, therefore chosen to accelerate the harvest of the affected fish. This
has resulted in a low superior share and lower price achievement than the
prevailing market prices might suggest.
- Based on the above, NRS also reduces the projected harvest volume in Norway
for 2022 from 35 000 tonnes to 32 000 tonnes gutted weight.
More information will be given in connection with the presentation of the full
Q1 2022 report.
.
For more information contact:
CFO Ola Loe: +47 911 79 411
Interim CEO Charles Høstlund: +47 994 184 49
.
About Norway Royal Salmon:
The Norway Royal Salmon (NRS) group owns 36 085 tonnes MAB for salmon farming
located in Troms and Finnmark, and 21 800 tonnes MAB for salmon farming and 5
300 MAB for trout farming in Iceland through the company Arctic Fish. In
addition, the group has minority interest in two associated Norwegian fish
farming companies which together own nine fish farming licenses. NRS is an
attractively positioned fish farming group, which offers salmon to the market
through its own sales organisation.
For further details, please visit www.norwayroyalsalmon.com.
.
This information is subject to the disclose requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.