Today Norway Royal Salmon (NRS) reports an operational EBIT of MNOK 232 for the
fourth quarter 2018 and EBIT per kg of NOK 17.73. Corresponding figures for the
same quarter last year were MNOK 95 and NOK 15.51.
- Today we report the highest operational EBIT in the history of NRS for both a
quarter and a financial year. We are pleased that Region North continues the
positive development in production costs, however biological challenges in
Region South are reducing the result says CEO Charles Høstlund.
For the financial year of 2018, NRS has operating revenues of more than NOK 5
billion and achieved an operational EBIT of MNOK 642 million. The Board proposes
a dividend of NOK 6.00 per share for 2018.
Net operational cash flow amounted to MNOK 130 in the fourth quarter. Net
interest-bearing debt decreased in the quarter by MNOK 80 to MNOK 420. The
equity at the end of the quarter is MNOK 2 321, which equates an equity ratio of
57 per cent. Return on capital employed for the last four quarters is 37 per
Region North posted an operational EBIT of MNOK 243.3 in the quarter, compared
with MNOK 116.0 in the corresponding quarter last year. Operational EBIT per kg
gutted weight was NOK 20.20 compared with NOK 15.84 in the corresponding quarter
Region South posted an operational EBIT of MNOK 1.0 in the quarter, compared
with MNOK 24.4 in the corresponding quarter last year. Operational EBIT per kg
gutted weight was NOK 0.60, compared with NOK 14.12 in the corresponding quarter
NRS harvested 13 783 tonnes gutted weight in the quarter, which is 52 per cent
higher than in the same quarter last year. 12 042 tonnes of the total volume
were harvested in Region North and 1 741 tonnes in Region South. Estimated
harvest volume is 38 000 tonnes for 2019, an increase of 6 per cent from 2018.
The sales business sold 27 785 tonnes salmon during the quarter, which is 24 per
cent higher than the corresponding quarter last year. Both harvested and sold
volume is the highest in a quarter in the history of NRS.
- NRS takes an active part in the development of a sustainable aquaculture
industry through substantial investments over the next three years. We focus on
innovation and technology development to ensure our sustainable growth by
investing in a smolt facility and offshore fish farms that will create new local
jobs, says Charles Høstlund.
For more information, please contact:
· CEO Charles Høstlund, +47 994 18 449
· CFO Ola Loe, +47 911 79 411.
Norway Royal Salmon in brief
Norway Royal Salmon (NRS) group owns 39 426 tonnes MAB distributed between 34
746 tonnes MAB in Region North located in West Finnmark and Troms and 4 680
tonnes MAB in Region South in the area around Haugesund. In addition, the group
has minority interest in three associated Norwegian fish farming companies which
together own ten fish farming licenses, as well as Arctic Fish on Iceland. NRS
is an attractively positioned fish farming group, which offers salmon to the
market through its own sales organisation. For further details, please visit
Click here for more information: https://newsweb.oslobors.no/message/469228
© Oslo Bors ASA, source Oslo Stock Exchange