Looking at 2022 most analysts now expect neutral or slightly negative global supply growth which should support a scenario with high salmon prices. Salmon Evolution sees a significant demand growth potential for salmon over the coming decade subject to the industry being able to grow the supply side. In this context the Company remains firm in its belief that land-based farming will need to play an important role alongside conventional farming. Building on the experiences from our flagship facility at Indre Harøy, the ambition is to significantly grow the Company’s operations over the coming decade. As such, operations in overseas markets are a key pillar in our strategy, but always enabled by a strong operation in Norway.
As part of this strategy, Salmon Evolution launched an expansion plan into the North American market during the second quarter. Given the long lead times developing a land-based project, having a solid pipeline of quality projects is critical to the long-term value creation in Salmon Evolution. With eventually having a major farming operation on all the three major salmon consuming continents, Salmon Evolution is uniquely positioned to be the global leader within land-based salmon farming.
Results presentation
CEO Håkon André Berg and CFO Trond Håkon Schaug-Pettersen will present the results at Hotel Continental in Oslo, Thursday 18 August at 08:00 a.m. CEST.
Participants may also follow the presentation and submit questions through a live webcast available on www.salmonevolution.no, or with the following link: https://events.webcast.no/viewer-registration/wrKUc8MG/register
The presentation and subsequent Q&A will be held in English.
For further information, please contact:
Håkon André Berg, CEO, Salmon Evolution
hakon.andre.berg@salmone.no
+47 41 19 22 57
Trond Håkon Schaug-Pettersen, CFO, Salmon Evolution
thsp@salmone.no
+47 91 19 13 27
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/salmon-evolution/r/salmon-evolution—results-for-the-second-quarter-2022,c3615666
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