Icelandic Salmon AS (STU:I6X)
€ 9.9 0 (0%) Market Cap: 317.76 Mil Enterprise Value: 382.32 Mil PE Ratio: 0 PB Ratio: 2.10 GF Score: 79/100

Q2 2024 Icelandic Salmon AS Earnings Call Transcript

Aug 20, 2024 / 09:00AM GMT
Release Date Price: €9.1 (-5.21%)
Bjorn Hembre
Icelandic Salmon AS - Chief Executive Officer, Member of the Board

Welcome, everyone, and thank you all for taking time to watch this quarter two presentation for Icelandic Salmon. We are strong believers that the second quarter marks the end of an extraordinary period for our company. As you know, and as you will hear and see several times during our presentation or operations and KPIs have been heavily affected by biological challenges over the past nine months.

The challenges combined with low harvest volume have resulted in weak operational EBIT and EBIT per kilo. The biological challenges seem so far to be behind us, we will increase harvesting in the second half of the year. Smolt output is going according to plan, and we have implemented new procedures for lice control and we have introduced new vaccines and also very important.

We have we see continued good demand for Icelandic Salmon in the market. I will say more about this later in the presentation. But first, let me remind you about who we are. Icelandic Salmon AS is a listed company on the Euronext Growth

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