SalMar ASA (OSL:SALM)

kr 542 2.5 (0.46%) Market Cap: 71.50 Bil Enterprise Value: 93.60 Bil PE Ratio: 21.74 PB Ratio: 4.18 GF Score: 96/100

Q4 2023 SalMar ASA Earnings Call(Pre-recorded) Transcript

Feb 15, 2024 / 09:00AM GMT

Release Date Price: kr610 (+3.35%)

Transcript

Frode Arntsen

SalMar ASA - CEO

Good morning, everyone, and welcome to the presentation of SalMar's fourth-quarter results for 2023. My name is Frode Arntsen, and I am the CEO of SalMar. And with me today, I have our CFO, Ulrik Steinvik. However, the presentation will follow the same order as before. I will take you through some highlights on the operational results for various segments. Then our CFO will provide you with the financial update. Finally, I will give you a strategic update before wrapping up with an outlook for the future.

Before we go into the highlights I want to address the challenges we faced since we last presented the results in the beginning of November at several of our facilities, especially those in Northern Norway, we've experienced severe attacks of jellyfish. This has significantly impacted the welfare of the fish. In close dialogue with the Food Safety Authority, we were required to kill fish at multiple locations and harvest fish much earlier than planned to avoid further issues with the jellyfish.

Deliveries are one of the severe risk factors in the fish

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