SalMar has enjoyed a record 2023 with an operational EBIT of €710,000 (€2.81 per kg) and a consolidated harvest volume up 31% to 254,100 tonnes.
The company attributes the results to the successful integration of NTS, NRS and SalmoNor together with strong performance from employees and solid operations.
Fourth quarter results showed an operational EBIT of €190,000 (€2.29 per kg) and harvest volumes of 83,100 tonnes.
“Our team has again performed well and delivered impressive results, both in terms of operational performance, synergy realisation and strategic achievements,” said SalMar’s chief executive, Frode Arntsen.
“I am proud of our dedicated and skilled employees and the strength that the SalMar organisation has shown throughout 2023.”
Segments
A strong result throughout the year for the farming segment was slightly marred in the fourth quarter by jellyfish attacks. Icelandic Salmon was similarly adversely affected by biological challenges at the end of the year and Scottish Sea Farms continued to face challenges although these now look to be resolving.
Sales and Industry maintained solid operational performance, demonstrating strength and flexibility in the harvesting and processing facilities.
SalMar Aker Ocean has two semi-offshore projects in operation, as Arctic Offshore Farming became part of SalMar Aker Ocean from October 2023, beginning its first harvest in the fourth quarter.
Outlook
Harvest guidance for 2024 in Norway has dropped to 237,000 tonnes owing to the jellyfish attacks. The volume guidance remains unchanged at 7,000 tonnes from SalMar Aker Ocean, 15,000 tonnes in Iceland and 37,000 tonnes in Scotland (100% basis).
The board proposes a dividend of NOK35.00 (€3.09) per share for the financial year 2023.
