Edition:
United States

Norway Royal Salmon ASA (NRSM.OL)

NRSM.OL on Oslo Stock Exchange

154.00NOK
24 Mar 2017
Change (% chg)

kr-3.50 (-2.22%)
Prev Close
kr157.50
Open
kr157.00
Day's High
kr157.00
Day's Low
kr154.00
Volume
44,732
Avg. Vol
73,617
52-wk High
kr209.50
52-wk Low
kr96.54

Latest Key Developments (Source: Significant Developments)

Norway Royal Salmon Q3 earnings surge, sees 27 pct output growth in 2017
Wednesday, 9 Nov 2016 12:30am EST 

Norway Royal Salmon Asa : q3 operational ebit nok 218 million (nok 23 million) . expects 2016 harvest volume of 26,700 tonnes (previous guidance 27,000 tonnes) . says estimated harvest volume is 26,700 tonnes for 2016 and 34,000 tonnes for 2017, an increase of 27 per cent . says has released 10.1 million smolts to sea in 2016 and expects a significant build-up of biomass next year, says charles høstlund . says for 2016, expected global supply growth will be negative in range of 6 to 8 per cent and in longer term, global growth is expected to continue to be low .Says this provides basis for a positive market outlook for 2016 and in longer term for industry.  Full Article

Norway Royal Salmon buys 50 pct of Iceland's Arctic Fish for EUR 29 mln
Wednesday, 24 Aug 2016 01:00am EDT 

: Norway Royal salmon has entered into an agreement to acquire 50.00 per cent of Arctic Fish ehf through a directed private placement in amount of eur 29 million, , thus forming a joint venture with the existing owners . Norway Royal Salmon asa says remaining 50.00 per cent in Arctic Fish is controlled by Bremesco Holding Ltd and Novo EHF, with 47.50 per cent and 2.50 per cent respectively . Norway Royal Salmon says will finance transaction through existing cash and loan facilities . Norway Royal Salmon asa says through transaction, it is entering salmon farming industry in Iceland . Norway royal salmon asa says arctic fish currently has licenses in three fjords with a total allowed annual production of 9 000 tonnes farmed fish . Arctic Fish is currently building its own highly modern hatchery for smolt in Iceland, with close proximity to the farm sites. Following completion, the hatchery will have an annual capacity of around 7 million smolt . There will be no changes to the management of Arctic Fish as a direct result of the Transaction . Sigurður Pétursson serves as CEO of Arctic Fish after having founded the company in 2011. Arnþór Gustavsson is the Farm Manager and Neil Shiran Thorisson is the company's CFO . In total 18 people are employed by Arctic Fish ehf and its subsidiaries as of August 15(th) 2016.  Full Article

Norway Royal Salmon comments on 2016 harvest volume guidance
Wednesday, 4 May 2016 12:30am EDT 

Norway Royal Salmon ASA:Says expects moderate growth in global salmon supply in 2017.Says 2016 will see the largest decline in harvest volumes in the history of global salmon farming both in percent and tonnes.Says with these supply expectations and with continued good demand, expects very high salmon prices in 2016.Says expects 2016 harvest volume of 27,500 tonnes (previous guidance 27,500 tonnes).  Full Article

Norway Royal Salmon buys remaining 33 pct stake in Nord Senja Laks for NOK 70 mln
Friday, 4 Mar 2016 04:29am EST 

Norway Royal Salmon ASA:Says acquires remaining outstanding shares in Nord Senja Laks AS for a cash consideration of 70 million Norwegian crowns.Acquires 135 shares in Nord Senja Laks AS, corresponding to 33.3 pct of the outstanding shares.Following the Transaction, NRS will own 100 pct of the shares in Nord Senja Laks AS.Nord Senja Laks owns five farming licenses and is part of NRS Region North located on Senja in Troms.The total harvest volume for Nord Senja Laks in 2015 was 4,415 tonnes.Transaction indirectly corresponds to an acquisition of 1.67 farming licenses including biomass and fixed assets.This yields an enterprise value per license of about 51 million crowns.  Full Article

Norway Royal Salmon ASA gives FY 2016 production guidance; raises FY 2015 dividend
Tuesday, 16 Feb 2016 12:30am EST 

Norway Royal Salmon ASA:Expects FY 2016 harvest volume of ‍27,500​ tonnes (previous guidance 27,500 tonnes) ‍.Global supply growth is expected to be negative in area of 2 to 4 pct for 2016 and in long term global supply growth is expected to continue to be low.‍Expects a significant build-up of biomass in FY 2016 because group will start to utilise green licenses​.Proposes ‍2.60​ Norwegian crowns per share in dividend for FY 2015.Paid dividend of 1.50 crown per share for FY2014.  Full Article

Norway Royal Salmon cuts 2015 harvest outlook, sees 2016 drop
Tuesday, 10 Nov 2015 12:30am EST 

Norway Royal Salmon ASA:Says expects 2015 harvest volume of 28,000 tonnes.Previous guidance was 30,500 tonnes.Says expects 2016 harvest volume of 27,500 tonnes.Says the destruction of fish with the fish disease ISA at two sites in Q3 has affected the harvest volume for 2015 and 2016 negatively.  Full Article

Norway Royal Salmon says prosecutor appeals Nord Senja Laks verdict
Friday, 6 Nov 2015 04:24am EST 

Norway Royal Salmon ASA:Says has received notice of appeal from the Norwegian National Authority for Investigation and Prosecution of Economic and Environmental Crime regarding the verdict against Nord Senja Laks AS.Says on Oct 19, Nord Senja Laks AS was sentenced to pay a fine of 5 million Norwegian crowns, and confiscation of 400,000 crowns.Says Nord Senja Laks AS was not sentenced to loss of rights.Consequently, the verdict had no effect on the licenses held be Nord Senja Laks AS and future operations.Says prosecutor has filed a notice of appeal regarding the fine and the decision not to sentence Nord Senja Laks AS to loss of rights.Says owns 66.67 pct of the shares in Nord Senja Laks.  Full Article

Norway Royal Salmon: verdict against Nord Senja Laks
Friday, 23 Oct 2015 06:25am EDT 

Norway Royal Salmon ASA:The Senja District court passed a sentence on Oct. 19, 2015 in the criminal case against Nord Senja Laks AS.Norway Royal Salmon ASA owns 66.67 pct of the shares in Nord Senja Laks AS.Says Nord Senja Laks is sentenced to pay a fine of 5 million NOrwegian crowns and confiscation of 400,000 crowns.Says Nord Senja Laks was not sentenced to loss of rights.Says consequently, verdict has no effect on licenses held be Nord Senja Laks AS and future operations.Says Nord Senja Laks as has not decided whether to appeal verdict.  Full Article

Norway Royal Salmon lowers 2015 harvest guidance by 1,500 tonnes
Wednesday, 26 Aug 2015 12:30am EDT 

Norway Royal Salmon ASA:Subsequent to Q2 end, sea temperatures have been considerably lower than normal.Lower temperature has led to lower than expected growth so far in Q3 and as a result the estimated harvest volume for 2015 decreased by 1,500 tonnes.No sees harvest volume of 30,500 tonnes.  Full Article

Norway Royal Salmon comments on harvest volume for 2015
Tuesday, 12 May 2015 12:30am EDT 

Norway Royal Salmon ASA:Expects 2015 harvest volume of 32,000 tonnes (previous guidance 32,000 tonnes).For 2015 global supply growth is expected to be between 1 and 5 per cent, and in longer term global growth is expected to be low.Sees basis for a positive market outlook for both 2015 and in long term for industry.  Full Article

More From Around the Web

Norway Royal Salmon sees Iceland potential up to 100,000 tonnes

** Norway Royal Salmon sees potential for a gradual increase in Iceland's total annual salmon output to 80,000-100,000 tonnes from 8,400 tonnes in 2016, CEO Charles Hoestlund told an industry conference on Thursday