Revenues in the quarter amounted to 22.1 MEUR which is a decrease of 9% from the
corresponding period last year which can be traced to market conditions
impacting price achievement this year.

Harvested volume in the first quarter amounted to 3,140 tonnes compared to 2,531
tonnes for the same quarter last year.

Operational EBIT pr. kg in Q1 amounted to 0.16 EUR pr. kg compared to 3.84 EUR
pr. kg last year.

Biological performance in the quarter was strong with growth beyond expectations


The presentation materials are attached to this notice and can also be found on
the company website: https://www.arcticfish.is/investor-relations/ 
A recorded presentation is also available from 10:00 am CEST (08:00 am GMT) via
https://www.arcticfish.is/webinar/  and questions can be sent to
ir@arcticfish.is.

Questions will be answered as soon as possible and subsequently posted on the
website.
For additional interest and questions regarding the Q1 results, meetings can be
requested with management.

For information, please contact:
Daníel Jakobsson
Email: dja@afish.is
Tel: +354 820 6827
Baldur Smári Einarsson
Email: bse@afish.is
Tel: +354 690 1222
 

Arctic Fish in brief
Arctic Fish (AFISH) is a leading salmon farmer in Iceland with an attractive and
sustainable value chain from smolt to sales. The production capacity for the
company is 29,800 tonnes MAB (Maximum Allowed Biomass) and includes licenses
covering 10 farming areas in 5 different fjords, all located in the Westfjords
of Iceland. The company's value chain consists of a state-of-the-art RAS
hatching and smolt production facility, attractive sea sites with high bearing
capacity and high-energy equipment, and a newly completed harvesting facility
with sufficient capacity to secure the utilization of the licenses and growth
objectives for the company.

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.