Salmon Evolution ASA (“Salmon Evolution” or the “Company”, OSE: SALME) starts 2024 with continued good operational performance and strong harvest results.
Highlights:
- Total Q1 harvest volume of 901 tonnes HOG with an average weight of ~4.6 kg (LW) and a superior grade share of 96 %.
- All-in price realization of NOK ~108/kg.
- Stable operations in fully stocked farm with net biomass growth of ~1,560 tonnes LW, up 8% from Q4.
- Record high standing biomass of almost 2,700 tonnes LW end of quarter.
- Q2 harvest volumes expected in the range of 1,600 – 1,800 tonnes HOG.
“In the first quarter we had an industry leading superior grade share of 96%, continuing to demonstrate excellent fish welfare,” CEO of Salmon Evolution, Trond Håkon Schaug-Pettersen said.
“With Q2 harvest volumes expected to double from Q1, Salmon Evolution is uniquely positioned to capitalize on the current record high salmon prices”, he continued.
Please see attached presentation for more details.
The full Q1 2024 report will be released on Tuesday 7 May 2024 at 07:00 CET.