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SalMar ASA (SALM.OL)

SALM.OL on Oslo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Salmar CEO says 2018 contracts set at prices around NOK 60/kg
Wednesday, 15 Nov 2017 02:52am EST 

Nov 15 (Reuters) - SALMAR ASA :SALMAR CEO SAYS OUR SHARE OF CONTRACTS FOR 2018 IS AROUND 25 PERCENT, CONTRACTS SET AT PRICES AROUND NOK 60/KG.SALMAR CFO SAYS, GIVEN THE STABLE BIOLOGICAL SITUATION, COST PER KILO IS EXPECTED TO BE LOWER IN 2018.  Full Article

Salmar q3 results above forecast, ups harvest guidance
Wednesday, 15 Nov 2017 12:49am EST 

Nov 15 (Reuters) - Fish farmer Salmar Asa ::Salmar q3 ebit before adjustments nok ‍801.3​ million (Reuters poll nok 681 million) vs NOK 576.3 mln in q3 2016.Salmar q3 revenues nok ‍2.7​ billion (Reuters poll 2.48 billion) vs nok 2.3 bln in q3 2016.Salmar expects to harvest ‍134,000​ tonnes in Norway in 2017 (Reuters poll 131,000 tonnes) vs previous 131,000 tonnes.Partly owned Norskott Havbruk (Scottish Seafarms) and Arnarlax are expected to harvest 32,000 tonnes and 9 500 tonnes respectively in 2017​.Salmar expects to harvest ‍143,000​ tonnes in Norway in 2018 (Reuters poll 139,000 tonnes).‍Norskott Havbruk (Scottish Seafarms) and Arnarlax expect to harvest 27,000 tonnes and 11,000 tonnes respectively in 2018​.‍Strong operations in all segments and an improving biological situation have enabled Salmar to deliver strong financial results, despite a fall in salmon prices​.‍Substantial investments we have made over time to deal with salmon lice are now starting to pay off​.‍Ebit per kg of nok 23.60 in q3, while ebit per kg in q2 came to nok 28.12​.Expects steady costs in q4 in Norway.‍contract rate in q4 2017 will be around 40 per cent, with price levels similar to first half of 2017.Says demand is good.Salmar's ocean farm 1 arrived Sept 5 2017, installation and stocking of fish according to plan, expects first harvest in 2h 2018‍​.  Full Article

Salmar Q2 operational ebit above forecast, sees strong quarters ahead
Friday, 25 Aug 2017 12:30am EDT 

Aug 25 (Reuters) - Salmar Asa :Salmar q2 ebit before adjustments nok 983 million (Reuters poll nok 929 million).Salmar expects to harvest 131,000 tonnes in Norway in 2017 (Reuters poll 129,000 tonnes).Generated gross operating revenues of nok 2.9 billion in quarter, up from nok 2.3 billion in same period last year.Achieved an operating profit per kg gutted fish of nok 28.12 in q2, up 24 percent compared with the second quarter last year.Salmar says measures to manage lice situation are costly, and a high treatment frequency rate will negatively affect production costs in coming quarters, but that other cost-reduction initiatives will offset this to some degreee.Salmar says expects results in the upcoming quarters of 2017 to remain strong.The contract rate for the second half of 2017 is expected to be around 50 per cent, with a similar price level as in the first half of this year..  Full Article

Salmar harvested 35,000 tonnes of fish in Q2
Wednesday, 5 Jul 2017 02:15am EDT 

July 5 (Reuters) - Salmar Asa :Harvest volumes in q2 2017 (1,000 tgw): 34.96.Farming Central Norway (1,000 tgw): 21.19.Farming Northern Norway (1,000 tgw): 13.77.Full q2 2017 report will be released on 24 august 2017 at 06:30 cest.  Full Article

Fish farmer Salmar's Q1 earnings beat forecast
Wednesday, 10 May 2017 12:30am EDT 

May 10 (Reuters) - Salmar Asa :Salmar q1 revenues nok 2.4 billion (Reuters poll 2.1 billion).Salmar q1 ebit before adjustments nok 670.7 million (Reuters poll nok 636 million).Salmar expects to harvest 131,000 tonnes in norway in 2017 (Reuters poll 129,000 tonnes).Despite lower lice numbers at close of period than in q1 last year, situation in central norway is still regarded as challenging. In q1 2017, some stocks were harvested prematurely out of consideration for fish welfare..Global supply of atlantic salmon is expected to grow by 3 per cent in 2017 as a whole..  Full Article

Salmar CEO returns from sick leave
Tuesday, 18 Apr 2017 05:00am EDT 

April 18 (Reuters) - Salmar Asa :Trond Williksen returns to the position as CEO.Gustav Witzoe will at same time return to his position as director of processing and sales.Salmar announced on Jan 26 that Williksen would be on sick leave until mid-April nFWN1FG0C4.  Full Article

Salmar Q2 operating profit above forecast, cuts 2016 volume guidance
Thursday, 25 Aug 2016 01:00am EDT 

: Salmar q2 ebit before adjustments NOK 731.8 million (Reuters poll nok 653 million) vs NOK 335.1 mln in Q2 2015 . Overall, the Group achieved an operating profit of NOK 22.74 per kg fish harvested, up 9 per cent from the previous quarter and up more than 136 per cent from the second quarter last year . The continued downturn in the overall supply of Atlantic salmon led to new price records in the second quarter this year . Salmar expects to harvest 126,000 tonnes in Norway in 2016 (Reuters poll 131,000 tonnes) versus previously 131,000 tonnes . Salmar asa says while Norskott Havbruk (Scottish Seafarms) is expected to harvest some 26,000 tonnes . Salmar sees global supply of salmon to decrease 6 per cent in 2016 . Salmar asa says expects strong results in second half of 2016 as well . The salmon lice situation remains challenging for Fish Farming Central Norway . However, SalMar has the situation under control and operates within statutory and regulatory thresholds . The biological challenges experienced by the fish farming operations have a knock-on effect for the company's sales and processing businesses .Quality downgrades and non-standard sizes affect operational efficiency at the harvesting plant and impair the prices achieved by the sales force.  Full Article

Salmar reports Q1 earnings ahead of forecast, picks new CEO
Wednesday, 11 May 2016 01:01am EDT 

Salmar Asa : Salmar q1 revenues nok 2.0 billion (Reuters poll 1.8 billion) . Salmar q1 ebit before adjustments nok 566.5 million (Reuters poll nok 460 million) . Salmar expects to harvest 131,000 tonnes in norway in 2016 (Reuters poll 132,000 tonnes) versus previously 133,000 tonnes . Company also expects strong results in forthcoming quarters of 2016 . Based on estimates of standing biomass, company expects a decrease in global supply of atlantic salmon of 7 per cent in 2016 . has appointed Trond Williksen new CEO . Williksen replaces Leif Inge Nordhammer, who, after serving as CEO during two periods that comprise a total of more than 17 years, has asked to be relieved of his duties . Williksen joins SalMar from AKVA Group, where he has served as CEO since 2011 .Williksen will take up the position as CEO of SalMar from 1 January 2017. Leif Inge Nordhammer will continue as CEO until further notice, and has agreed to take on assignments for the company thereafter.  Full Article

Salmar ASA proposes a dividend for FY 2015
Monday, 22 Feb 2016 01:00am EST 

Salmar ASA:Proposes dividend of ‍10 crowns​ per share in FY 2015.  Full Article

BRIEF-Salmar CEO says 2018 contracts set at prices around NOK 60/kg

* SALMAR CEO SAYS OUR SHARE OF CONTRACTS FOR 2018 IS AROUND 25 PERCENT, CONTRACTS SET AT PRICES AROUND NOK 60/KG