- The market price of salmon has been affected by the Covid-19 pandemic and has been low in the quarter. Our margins in this quarter are affected by this, even though production costs have been reduced slightly from the previous quarter. The biomass in the sea has increased during the quarter and is 15 % higher than at the end of the same quarter last year. This leads to that NRS has almost fully utilized our licenses at the end of the quarter, says CEO
For the financial year of 2020, NRS has operating revenues of
NRS has a solid financial position with MNOK 1 422 in unutilized credit facilities at the end of the fourth quarter of 2020. NRS has strengthened its financial capacity during the quarter and has been granted MNOK 800 in an increased loan facility with a sustainability loan. Payments for the growth investments in Arctic Offshore Farming and the new smolt facility, have resulted in an increase in net interest-bearing debt by MNOK 577 to MNOK 1 522 in the quarter. The equity at the end of the quarter is MNOK 3 131, which equates an equity ratio of 54 %.
Farming
Farming posted an operational EBIT of MNOK 36.1 in the quarter, compared with MNOK 146.0 in the corresponding quarter last year. Operational EBIT per kg gutted weight was
NRS harvested 7 148 tonnes gutted weight in the quarter, which is 13 % lower than in the same quarter last year. For 2020, the harvest volume was 30 509 tonnes gutted weight and for 2021 the harvest volume is estimated to 40 000 tonnes, which is an increase of 31 % compared with 2020. Sold volume from the sales business in the quarter was 23 244 tonnes salmon, which is 6 % lower than in the corresponding quarter last year.
We are currently in the final phase of the listing process of Arctic Fish on Euronext Growth on the
For more information, please contact:
- CEO
Charles Høstlund , +47 994 18 449 -
CFO
Ola Loe , +47 911 79 411
The
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