SalMar ASA (OSL:SALM)

kr 656 -5 (-0.76%) Market Cap: 86.43 Bil Enterprise Value: 100.88 Bil PE Ratio: 37.64 PB Ratio: 4.21 GF Score: 97/100

Q3 2023 SalMar ASA Earnings Call Pre-recorded Transcript

Nov 09, 2023 / 09:00AM GMT

Release Date Price: kr577.2 (+7.25%)

Transcript

Frode Arntsen

SalMar ASA - CEO

Good morning, everyone, and welcome to the presentation of SalMar results for the third quarter of 2023. My name is Frode Arntsen, I'm the CEO of SalMar. And with me today is our CFO, Ulrik Steinvik. Our presentation will follow the same order as before. I will take you through some highlights on the operational results for the different segments. Then our CFO, will provide you with a financial update. I'll focus on sustainable growth on the terms of the salmon before wrapping up with an outlook for the future.

Third quarter '23 was a very strong quarter for SalMar. Despite the expected drop in salmon prices, the increased volume we have harvested and reduced cost in the value chain have contributed to our ability to report higher operational EBIT compared to the previous quarter. Total for Norway, we harvested 74,000 tonnes with a margin of NOK 30.7 per kilo, resulting in an operational EBIT of NOK 2,274 million. Including Icelandic Salmon and SalMar Aker Ocean, we harvested 78,100 tonnes with a total operational EBIT of NOK 2,300 million and a margin of NOK 29.5

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