Highlights
- Good operational and biological performance for all batches
- Excellent fish health and welfare, and no signs of maturation
- Q1 biomass production of 967 tonnes. Total biomass of 2,046 tonnes by quarter-end
- Hatchery for Stage 2 is finished
- Strengthened commercial and operational competence
-
Available liquidity of
EUR 28.0 million as at31.03.24 - First commercial harvest and sales commenced in mid-April
Throughout the first quarter, Nordic Aqua successfully navigated its transition from the project phase to operational status. During quarter, the first construction stage at the Gaotang facility, including a smolt facility and a 4,000 tonnes HOG grow-out facility, were completed, and in April the company commenced its first harvest of
Commenting on the development, CEO
"The first quarter was a pivotal chapter in the journey to becoming a premium supplier of
The initial weeks after the first harvest Nodic Aqua has focused on building market distribution and brand exposure. Strategic partnerships with experienced seafood distributors have been important in reaching a broad customer base, including retail, HoReCa (Hotel, Restaurant, and Catering), and top chefs. Feedback has been positive, particularly regarding the salmon's color, texture, and quality, supporting the company's premium positioning objectives.
A comprehensive analysis of the market and pricing will be provided in the second-quarter presentation scheduled for
Outlook
Nordic Aqua's harvest volume for the second quarter 2024 is expected to be between 500-600 tonnes HOG. Harvest volume for the full year is expected to be 3,400 tonnes HOG, with a full EBIT cost of
Looking ahead, Nordic Aqua is scaling up its production capabilities. Construction of the second stage at the Gaotang facility, adding 4,000 tonnes capacity, is underway, with preparations for the third stage in progress. This expansion is driven by strong market demand and the company's strategic advantage in local production, significantly reducing logistics costs and enhancing freshness.
Results presentation
CEO
Following the presentation, Nordic Aqua will take questions from the audience. Webcast participants need to register to post questions. The presentation and subsequent Q&A will be held in English.
Capital Markets Day 2024
Please read the invitation disclosed on
https://newsweb.oslobors.no/message/613364
For further information please contact:
CEO
ragnar@nordicaquapartners.com
+298 599 112
CFO
tom@nordicaquapartners.com
+47 98 20 98 73
About
To learn more, please visit www.nordicaquapartners.com
This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.
https://news.cision.com/nordic-aqua-partners-a-s/r/nordic-aqua---results-for-the-first-quarter-2024,c3982312
https://mb.cision.com/Public/21189/3982312/80784dbc61418232.pdf
https://mb.cision.com/Public/21189/3982312/86c67d5568a88a96.pdf
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