Kurs & Likviditet
Beskrivning
| Land | Norge |
|---|---|
| Lista | OB Match |
| Sektor | Handel & varor |
| Industri | Dagligvaror |
2022-08-31 06:30:20
Norway Royal Salmon (NRS) reports an operational EBIT before depreciation of
offshore equipment of MNOK 32 for the second quarter of 2022 and EBIT per kg of
NOK 16.26. Corresponding figures for the same quarter last year were MNOK 94 and
NOK 11.74.
- The second quarter of 2022 has been a quarter with record level salmon prices.
NRS has harvested a low volume and as announced in the previous quarterly
presentation we therefore have an unusually high share of the Norwegian volume
on fixed price contracts. The price achievement in relation to the spot price
has thus been low and this significantly affects the result in this quarter,
says CEO Charles Høstlund.
At the end of the second quarter, NRS has a solid financial position with MNOK
1 694 in unutilised credit facilities and MNOK 80 in bank deposits. A positive
EBITDA and reduced working capital explain the decrease in interest-bearing debt
of MNOK 91 to MNOK 2 153 in the second quarter. The equity was MNOK 4 657 at the
end of the quarter, which equates an equity ratio of 53 %.
Farming Norway
Farming Norway posted an operational EBIT of MNOK 34.8 in the quarter, compared
with MNOK 96.3 in the corresponding quarter last year. Operational EBIT per kg
gutted weight was NOK 48.16 compared with NOK 12.49 in the corresponding quarter
last year. Farming Norway harvested 3 442 tonnes gutted weight in the quarter, a
decrease of 56 % from the same quarter last year. Sold volume from the sales
business in the quarter was 15 405 tonnes salmon, which is 18 % lower than in
the corresponding quarter last year.
Farming Iceland
Farming Iceland posted an operational EBIT of MNOK 37.9 in the quarter, compared
with MNOK 17.6 in the corresponding quarter last year. Operational EBIT per kg
gutted weight was NOK 36.84 compared with NOK 9.66 in the corresponding quarter
last year. Farming Iceland harvested 1 029 tonnes gutted weight in the quarter,
a decrease of 44 % from the corresponding quarter last year.
- The merger plan between NRS and SalMar has been approved in both general
meetings. These are companies that have clear complementary activities in
Norway, Iceland and through offshore aquaculture. There is therefore a solid
industrial rationale for the merger and a significant synergy potential. Through
smolt from our own smolt plant and the phasing out of sterile fish, NRS expects
to gradually deliver more a competitive production cost and fewer biological
challenges going forward. The foundation is therefore in place and the merger
provides an even stronger basis for value creation and employment in the areas
where NRS operates, says Charles Høstlund.
For more information, please contact:
· CEO Charles Høstlund, +47 994 184 49
Norway Royal Salmon in brief
The Norway Royal Salmon (NRS) group owns 36 455 tonnes MAB for salmon farming
located in Troms and Finnmark, and 21 800 tonnes MAB for salmon farming and
5 300 MAB for trout farming in Iceland through the company Arctic Fish. In
addition, the group has minority interest in two associated Norwegian fish
farming companies which together own 9 fish farming licenses. NRS is an
attractively positioned fish farming group, which offers salmon to the market
through its own sales organisation. For further details, please visit
www.norwayroyalsalmon.com.