SalMar ASA
OSE:SALM

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SalMar ASA
OSE:SALM
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Price: 538.5 NOK 1.03% Market Closed
Market Cap: 71.1B NOK

SalMar ASA
Investor Relations

SalMar ASA, a key player in the global aquaculture realm, began its journey in 1991, on the rugged coasts of Norway. Founded by Gustav Witzøe, the company has forged its reputation by pioneering sustainable fish farming practices. In a world of increasing demand for protein, SalMar specializes in the farming, processing, and selling of farmed salmon. This simple yet demanding business model starts in the fjords of Norway, where SalMar utilizes modern biotechnological advances and cutting-edge marine engineering to nurture Atlantic salmon in optimal, controlled sea environments.

The company's operational strategy revolves around vertically integrated operations. From its hatcheries and sea farms to its state-of-the-art harvesting and processing facilities, SalMar ensures the highest quality standards at every step. By maintaining control over the entire production chain, SalMar not only upholds sustainable practices but also capitalizes on efficiencies and cost synergies. This end-to-end approach allows SalMar to generate robust revenue streams, appealing to both domestic and international markets hungry for premium seafood. SalMar's adeptness at aligning economic profitability with environmental stewardship has fortified its position as a leading harvester of the ocean's bounty, ensuring the company remains buoyant amidst the tides of global demand shifts.

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Earnings Calls

2024 Q4
Feb 18, 2025
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SalMar's Q4 2024 Performance Shows Resilience Amid Challenges
2024 Q4
Feb 18, 2025

SalMar's fourth quarter of 2024 highlights a recovery in biological performance, with a harvest of 67,300 tonnes in Norway, generating a margin of NOK 22.1 per kilo. Despite challenges like jellyfish and sea lice affecting growth, the operational EBIT was NOK 1,485 million. The company's 2024 EBITDA of NOK 7,120 million saw a reduction of 26% from the previous year. For 2025, SalMar maintains a volume guidance of 154,000 tonnes and plans significant investments of NOK 1.9 billion, aiming for improved fish welfare. A dividend of NOK 22 per share is proposed, reflecting a robust financial position and optimistic market outlook.

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Management

Mr. Gustav Magnar Witzoe
Co-Founder, President & Chairman
No Bio Available
Mr. Frode Arntsen
Chief Executive Officer
No Bio Available
Mr. Ulrik Steinvik
Chief Financial Officer
No Bio Available
Mr. Simon Sobstad
Chief Operating Officer of Sales & Industry
No Bio Available
Mr. Arthur Wisniewski
Director of Human Resource Management
No Bio Available
Mr. Runar Sivertsen
Chief Strategy Officer
No Bio Available
Mr. Roger Bekken
Chief Operating Officer of Farming
No Bio Available
Tonette Bjørgård
Head of Accounting
No Bio Available
Mr. Hakon Husby
Head of Investor Relations
No Bio Available

Contacts

Address
SOR-TRONDELAG
Froya
Industriveien 51, Kverva
Contacts
+4772447900.0
www.salmar.no