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Salmon Evolution ASA: Every other winning quarter


OSLO, Norway, Aug. 15, 2024 /PRNewswire/ — Salmon Evolution ASA (OSE: SALME) experiences every other winning quarter with running revenues of 170.5 NOKm, a bunch EBITDA of 45.4 NOKm and a good money stream from operations of 37.5 NOKm in Q2-24. This can be a results of report prime harvest of one,581 tonnes HOG within the quarter, in addition to robust all-in value realization and a good underlying price construction.

“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 stated. “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 stated.

Highlights within the quarter: 

  • Certain money stream from operations of 37.5 NOKm.
  • Workforce EBITDA of 45.4 NOKm – Farming EBITDA of 58.6 NOKm and NOK 37.1 EBITDA/kg.
  • File prime harvest in Q2-24 of one,581 tonnes HOG. Persevered robust all-in value realization of 106 NOK/kg pushed by means of an business eminent superb grade percentage of 96 %.
  • Internet biomass expansion of one,261 tonnes LW. Prime focal point on restocking the ability and atmosphere the degree for robust expansion right through H2-24.
  • Shifting forward with upsized Indre Harøy section 2. Effectively finished non-public placement in June elevating improper proceeds of 365 NOKm and 675 NOKm in larger in cupboard amenities to capitaltreasury 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 will probably be served from 07:45 CEST.

The presentation and Q&A will probably be held in English, and members may additionally practice the presentation and post questions thru a are living webcast to be had on www.salmonevolution.no, or with please see hyperlink: https://events.webcast.no/salmon-evolution/OEpmPDaoyhi5siPjdg0b/jdpdS1lSStPogHltwSid. 

A recording of the webcast will probably be made to be had on our web page in a while upcoming the presentation.

This data is matter to the disclosure necessities pursuant to division 5-12 of the Norwegian Securities Buying and selling Office.

For additional knowledge, 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

This data used to be delivered to you by means of Cision http://news.cision.com

https://news.cision.com/salmon-evolution/r/salmon-evolution-asa–another-profitable-quarter,c4024587

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SOURCE Salmon Evolution



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