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Norway Royal Salmon ASA (NRSM.OL)

NRSM.OL on Oslo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Norway Royal Salmon suspects further ISA outbreak
Tuesday, 21 Nov 2017 02:45am EST 

Nov 21 (Reuters) - Norway Royal Salmon Asa :‍farming operations in region north has suspicion of fish disease ISA at pollen site and at lille kvalfjord site in finnmark, which are neighboring sites to and have joint operations with store kvalfjord site​.‍in total in operating area, including store kvalfjord, there are 1.4 million fish with an average weight of about 3 kilograms​.‍has received confirmation of ISA at store kvalfjord site. Is awaiting confirmation of analyzes from analysis company for a final ascertainment of isa at pollen and lille kvalfjord sites​.has begun extraction of fish from operating area. Consequences of a possible disease detection are still difficult to estimate, and we will come back to consequences​.  Full Article

Norway Royal Salmon Q3 EBIT lags slightly, cuts 2017 harvest guidance
Tuesday, 7 Nov 2017 12:31am EST 

Nov 7 (Reuters) - Norway Royal Salmon Asa :Norway royal salmon q3 operational ebit nok ‍192​ million (Reuters poll nok 196 million).Norway royal salmon q3 harvest volume of ‍10,454​ tonnes (reuters poll 9,200 tonnes).Norway royal salmon expects 2017 harvest volume of ‍32,500​ tonnes versus previous guidance 34,000 (reuters poll 33,900).‍estimated harvest volume is 43,000 tonnes for 2018​.‍has a strong focus on growth and utilization of our production capacity and expects as good as full utilisation of group's mab in q4​.Norway royal salmon q3 revenues nok 1.36 billion (Reuters poll 1.13 billion).  Full Article

Norway Royal Salmon Q2 operational EBIT slightly below forecast
Tuesday, 22 Aug 2017 12:30am EDT 

Aug 22 (Reuters) - Norway Royal Salmon Asa :Operational ebit for q2 of 2017 was nok 136 million (reuters poll nok 139 mln) and ebit per kg was nok 30.17.Estimated harvest volume is 34,000 tonnes for 2017 (reuters poll 33,447 tonnes), an increase of 27 per cent from 2016. 11.7 million smolts are planned released in 2017.Has 48 per cent higher biomass in sea compared to end of same quarter last year.  Full Article

Norway Royal Salmon Q1 operating result beats forecast
Tuesday, 23 May 2017 12:30am EDT 

May 23 (Reuters) - Norway Royal Salmon Asa :Operational ebit for q1 of 2017 was mnok 205 and ebit per kg was nok 28.60. Corresponding figures for same quarter last year were mnok 153 and nok 25.54.Reuters poll for q1 operational ebit was nok 162 million.Estimated harvest volume is 34,000 tonnes for 2017, an increase of 27 per cent from 2016.Reuters poll for 2017 harvest volume was 33,850 tonnes.For 2017, we expect an increase in supply to global market of 2 to 4 per cent.A continued low supply growth and good work in markets provides basis for a positive market outlook.Says harvested 7,181 tonnes during the quarter (Reuters poll 5,340 tonnes).  Full Article

Grieg Seafood and Norway Royal Salmon to jointly secure smolt production in Finmark
Tuesday, 16 May 2017 02:00am EDT 

May 16 (Reuters) - Grieg Seafood Asa and Norway Royal Salmon :Have joined forces to ensure smolt capacity in Finnmark by entering as owners of Nordnorsk Smolt as with 50 per cent each.Says the plant has a production capacity of 800 tonnes per year, corresponding to an annual production of about 3.2 million fish weighing 250 grams.Transaction values company at an enterprise value (ev) of approximately NOK 100 million.Says the acquisition will "ensure good access to big smolt which will contribute to better production optimization and shorter production time in sea".Says the investment is in accordance with companies' strategy to strengthen smolt production.  Full Article

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

BRIEF-Fish disease ISA confirmed at 3 Norway Royal Salmon sites -regulator

* NORWAY'S FOOD SAFETY AUTHORITY: FISH DISEASE ISA FOUND AT 3 NORWAY ROYAL SALMON SITES IN FINNMARK, CONFIRMING EARLIER COMPANY REPORTS Source text in Norwegian: http://bit.ly/2nDePO4 Further company coverage: (Reporting by Oslo newsroom)