Highlights in the quarter:
- Strong biological performance. Standing biomass of 2,100 tonnes per 30 September, up from 1,047 tonnes per
30 June 2023 . - All-time high biomass production with 1,290 tonnes in net biomass growth.
- Quarterly run-rate net biomass growth of 1,600 - 1,700 tonnes end of September, about 70-75 % of steady-state levels.
- Parts of batch 3 harvested in September yielding 185 tonnes HOG with 96 % superior share, tight weight concentration and good price realization. Expecting significant ramp up of harvest volumes in Q4.
- On track for production cost on par with conventional farming
- Batch 8 stocked end August and batch 9 end October bringing farm to steady-state number of individuals of 1.5-1.6 million.
-
Available liquidity of
NOK 705 million per30 September 2023 including committed available undrawn credit facilities. - Q4 harvest expectation 1,000 - 1,200 tonnes (HOG).
Results presentation:
CEO
Participants may also follow the presentation and submit questions through a live webcast available on www.salmonevolution.no, or with the following link: https://events.webcast.no/salmon-evolution/OEpmPDaoyhi5siPjdg0b/YpjX2kRpv5cFisuvNmU6
The presentation and Q&A will be held in English.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
For further information, please contact:
thsp@salmone.no
+47 91 19 13 27
Trond Vadset Veibust, CFO
tvv@salmone.no
+47 48 09 05 95
About
The Company's first production facility is strategically located at Indre Harøy on the Norwegian west coast with unlimited access to fresh seawater, renewable energy, established infrastructure, and an educated and experienced work force. Phase 1 is already in operation and will have an annual capacity of 7,900 tonnes HOG at steady state. Fully developed, the Indre Harøy facility will have an annual capacity of 31,500 tonnes HOG.
The Company has also entered into a joint venture with
Furthermore,
To learn more, please visit www.salmonevolution.no
https://news.cision.com/salmon-evolution/r/salmon-evolution-asa--results-for-q3-2023,c3876058
https://mb.cision.com/Public/19899/3876058/afe4651af3d8c6a3.pdf
https://mb.cision.com/Public/19899/3876058/814e1ee29112fc03.pdf
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