Highlights in the quarter:
- Biomass production is back on track - strong biological performance since mid-May with good appetite and normal mortality levels.
- Q3 on track for all time high biomass production - standing biomass of 1,628 tonnes (LW) per 15 August.
- Batch 2 harvested in May yielding 585 tonnes HOG with 93 % superior share, tight weight concentration and good price realization.
- Batch 6 and 7 stocked in end of May and end of June as planned.
- Favorable production cost development - further improvements expected alongside increased production volumes.
- Contracts awarded for Indre Harøy phase 2. Upon completion this adds another 7.9kt HOG, bringing the total up to 15.8kt HOG per annum.
-
Successful private placement in April raising gross proceeds of
NOK 525 million . -
Available liquidity of
NOK 853 million per30 June 2023 including committed undrawn credit facilities.
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/viewer-registration/cTIuV5my/register
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-the-second-quarter-2023,c3815263
https://mb.cision.com/Public/19899/3815263/a0d7cd0160c18df1.pdf
https://mb.cision.com/Public/19899/3815263/a26c627923e03d07.pdf
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