(Información remitida por la empresa firmante)
Throughout 2022 the Company has been gradually ramping up production and a total of four batches have been stocked at Indre Harøy of which the last one in December being a “full size” batch. The next smolt release is scheduled for February and throughout 2023 the Company will release smolt every second month ensuring that the regularity in harvest volumes will gradually increase over the coming quarters. Batch 2 is planned harvested during the second quarter and from late Q3 2023 the Company expects to reach steady state production levels, yielding an annualized production of 7,900 tons HOG from Indre Harøy phase 1.
The Company is very satisfied with the biological results seen in 2022 and see the results achieved as a clear proof of concept as to the assumptions in our production plan. Although taking a facility like this into operation is a huge task that involve a lot of learning and tuning in the beginning, the biological performance has exceeded expectations. Furthermore, the Company is satisfied to see that the mortality levels have been very low, with the latest batches even outperforming both batch 1 and 2.
Going into 2023 most analysts expect low single digit global supply growth which should support a scenario with strong salmon prices. With Salmon Evolution now in the process of ramping up production, the Company should be in a good position to benefit from this over the course of 2023.
Looking further ahead, the Company continues to see a significant demand growth potential for salmon and the Company remains firm in its belief that land-based farming will need to play an important role alongside conventional farming for the industry to be able utilize the demand potential.
After almost one year of successful farming operations and with phase 1 expected to be completed during the first quarter, the Company is in a unique position to execute on its growth plan and solidifying its position as the global leader within land-based salmon farming.
Results presentation
CEO & CFO Trond Håkon Schaug-Pettersen will present the results at Hotel Continental in Oslo, Wednesday 8 February at 08:00 a.m. CET.
Participants may also follow the presentation and submit questions through a live webcast available on www.salmonevolution.no, or with the following link: https://www.direktesending.com/salmeq4
The presentation and subsequent Q&A will be held in English.
For further information, please contact:
Trond Håkon Schaug-Pettersen,
CEO | CFO
thsp@salmone.no
+47 91 19 13 27
The following files are available for download:
View original content:https://www.prnewswire.co.uk/news-releases/salmon-evolution-asa-results-for-the-fourth-quarter-2022-301741646.html