The first harvest also marks the beginning of our commercial operations which has been in the planning for some time. Harvest volumes in the fourth quarter will give selected customers in Norway and abroad the opportunity to fully test out the product and verify the quality ahead of the significant volume ramp-up planned for 2023, where regularity on harvest volumes will significantly increase. Initial feedback from customers have been very positive, clearly demonstrating the strong opportunity for our product in the market. Based on the data so far and the expectations for the remainder of year, around neutral global supply growth is expected for the full year of 2022. 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.
With a fully operational Indre Harøy facility, Salmon Evolution has a unique opportunity to significantly grow the Company’s operations over the coming decade and solidifying its position as the global leader within land-based salmon farming.
Results presentation
Interim CEO & CFO Trond Håkon Schaug-Pettersen together with Chief Commercial Officer Odd Frode Roaldsnes will present the results at Hotel Continental in Oslo, Wednesday 16 November 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://events.webcast.no/viewer-registration/3my08Srg/register
The presentation and subsequent Q&A will be held in English.
For further information, please contact:
Trond Håkon Schaug-Pettersen, Interim 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-third-quarter-2022-301679614.html