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'The right size, and perfect quality'
Salmon Evolution ASA: Q1 2024 Operational update
(NORWAY, 4/9/2024)
Q2 harvest volume expected to double – well positioned to capitalize on record-high salmon prices
Strong Q1 harvest results
• Total Q1 harvest volume of 901 tonnes HOG.
• Average weight of ~4.6 kg (LW) and a superior grade share of 96%.
• Consistent tight weight spread and industry-leading superior grade share.
• All-in price realization of NOK ~108/kg1 in Q1, this includes downgraded fish. Highlights value of having a minimal amount of downgrades.
• Consistently outperforming NASDAQ benchmark price on Superior-grade fish.
• Q2 harvest volumes expected in the range of 1,600 to 1,800 tonnes HOG, marking the starting point of a significant increase in harvest volumes.
• An overweight of Q2 harvest is expected to take place in April and May
Significant increase in harvest volume Q2
The right size, and perfect quality
Harvest in week 7 was used as an illustration
Exceptionally tight weight spread
‘Only’ superior fish
Exceptional harvest results with core weight category being 4-5 kg and superior grade share of 96%+
All time high biomass end of March
Feeding levels up 25 % in March vs January
• Stable operations in fully stocked farm.
• Standing biomass of almost 2,700 tonnes LW end Q1, up 21 % from Q4.
• Net biomass growth of ~1,560 tonnes LW, up 8% from Q4.
• Daily feeding average of 21t/day in March up 25 % from January, continuing the steady increase in biomass growth.
• Batch 11 stocked mid-March. Two additional smolt groups planned stocked in Q2.
Steadily increasing biomass growth
Next update 7th May 2024 – Q1 2024 presentation | 2023 Annual report will be released 17th April 2024
editorial@seafood.media
www.seafood.media
Information of the company:
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Address:
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Eikremsvingen 2C,
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City:
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Molde
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State/ZIP:
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(NO-6422)
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Country:
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Norway
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Phone:
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+47 901 16 803
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E-Mail:
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post@salmone.no
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More about: 
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