OSLO, Norway, Aug. 15, 2024 /PRNewswire/ — Salmon Evolution ASA (OSE: SALME) stories some other winning quarter with working revenues of 170.5 NOKm, a gaggle EBITDA of 45.4 NOKm and a good money current from operations of 37.5 NOKm in Q2-24. It is a results of document top harvest of one,581 tonnes HOG within the quarter, in addition to robust all-in worth realization and a good underlying value building.

“In the first half of 2024 Salmon Evolution had close to 300 million in revenues and a farming EBITDA of almost 100 million, continuing to demonstrate that Salmon Evolution has established a unique, efficient and profitable growth platform,” CEO of Salmon Evolution, Trond Håkon Schaug-Pettersen mentioned. “We are also very pleased with the phase 2 financing package completed during the quarter and look forward to continue our growth journey at Indre Harøy,” he mentioned.

Highlights within the quarter: 

• Sure money current from operations of 37.5 NOKm.
• Staff EBITDA of 45.4 NOKm – Farming EBITDA of 58.6 NOKm and NOK 37.1 EBITDA/kg.
• File top harvest in Q2-24 of one,581 tonnes HOG. Persevered robust all-in worth realization of 106 NOK/kg pushed through an trade splendid grade proportion of 96 %.
• Web biomass expansion of one,261 tonnes LW. Top focal point on restocking the ability and surroundings the level for robust expansion all over H2-24.
• Shifting forward with upsized Indre Harøy section 2. Effectively finished personal placement in June elevating rude proceeds of 365 NOKm and 675 NOKm in greater in store amenities to treasure the mission.
• Robust monetary place with 983 NOKm in to be had liquidity together with dedicated undrawn credit score amenities.

Effects presentation:

CEO Trond Håkon Schaug-Pettersen and CFO Trond Vadset Veibust will provide the effects for the second one quarter 2024 at Lodge Continental in Oslo, Norway, Thursday 15 August at 08:00 CEST. A scrumptious sushi breakfast with salmon from Indre Harøy shall be served from 07:45 CEST.

The presentation and Q&A shall be held in English, and individuals may additionally practice the presentation and put up questions thru a reside webcast to be had on www.salmonevolution.no, or with refer to hyperlink: https://events.webcast.no/salmon-evolution/OEpmPDaoyhi5siPjdg0b/jdpdS1lSStPogHltwSid. 

A recording of the webcast shall be made to be had on our web site in a while later the presentation.

This knowledge is topic to the disclosure necessities pursuant to division 5-12 of the Norwegian Securities Buying and selling Work.

For additional data, please touch:

Trond Håkon Schaug-Pettersen, CEO
[email protected] 
+47 91 19 13 27

Trond Vadset Veibust, CFO
[email protected]
+47 48 09 05 95

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