Q1 2019 SalMar ASA Earnings Presentation Transcript

May 22, 2019 / 11:00AM GMT
Presentation
May 22, 2019 / 11:00AM GMT

=====================
Corporate Participants
=====================
* Olav-Andreas Ervik
SalMar ASA - President & CEO
* Trond Tuvstein
SalMar ASA - CFO

=====================
Olav-Andreas Ervik - SalMar ASA - President & CEO

Good morning, everyone, and welcome to our presentation of the first quarter of 2019. We will follow the same agenda as in the previous presentations, starting with the highlights. We delivered okay financial results in the first quarter on NOK 806 million and NOK 22.71 in EBIT per kilo. And for Norway, this means an operational EBIT of NOK 781 million and NOK 23.41 in EBIT per kilo. This is, for us, somewhat lower than the expected by the end of last quarter.

Harvest volume has been 35,500 tonnes, where 33,400 tonnes has been from Norway and in accordance with our forecasts. Additional volumes come from -- comes from our increased ownership on Iceland, where we have increased our stake to 54% in the quarter and further to 62% at the end of

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot