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Norway Royal Salmon ASA (NRSM.OL)

NRSM.OL on Oslo Stock Exchange

23 Feb 2018
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kr2.60 (+1.79%)
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Latest Key Developments (Source: Significant Developments)

Norway Royal Salmon sold some of its 2018 output at near NOK 60/kilo -CFO
Tuesday, 13 Feb 2018 

Feb 13 (Reuters) - Norway Royal Salmon CFO Ola Loe said on Tuesday::NORWAY ROYAL SALMON HAS SOLD NEARLY 2,000 TONNES OF ITS 2018 SALMON OUTPUT ON CONTRACTS, WITH PRICE CLOSE TO NOK 60/KILO .  Full Article

Norway Royal Salmon suspects further ISA outbreak
Tuesday, 21 Nov 2017 

Nov 21 (Reuters) - Norway Royal Salmon Asa :‍farming operations in region north has suspicion of fish disease ISA at pollen site and at lille kvalfjord site in finnmark, which are neighboring sites to and have joint operations with store kvalfjord site​.‍in total in operating area, including store kvalfjord, there are 1.4 million fish with an average weight of about 3 kilograms​.‍has received confirmation of ISA at store kvalfjord site. Is awaiting confirmation of analyzes from analysis company for a final ascertainment of isa at pollen and lille kvalfjord sites​.has begun extraction of fish from operating area. Consequences of a possible disease detection are still difficult to estimate, and we will come back to consequences​.  Full Article

Norway Royal Salmon Q3 EBIT lags slightly, cuts 2017 harvest guidance
Tuesday, 7 Nov 2017 

Nov 7 (Reuters) - Norway Royal Salmon Asa :Norway royal salmon q3 operational ebit nok ‍192​ million (Reuters poll nok 196 million).Norway royal salmon q3 harvest volume of ‍10,454​ tonnes (reuters poll 9,200 tonnes).Norway royal salmon expects 2017 harvest volume of ‍32,500​ tonnes versus previous guidance 34,000 (reuters poll 33,900).‍estimated harvest volume is 43,000 tonnes for 2018​.‍has a strong focus on growth and utilization of our production capacity and expects as good as full utilisation of group's mab in q4​.Norway royal salmon q3 revenues nok 1.36 billion (Reuters poll 1.13 billion).  Full Article

Norway Royal Salmon Q4 earnings miss forecast, dividend ahead
Tuesday, 14 Feb 2017 

Norway Royal Salmon Asa : Q4 operational ebit nok 101 million (Reuters poll nok 112 million) . q4 revenues nok 1.18 billion (nok Reuters poll 1.19 billion) . proposes nok 9.50 per share in dividend for 2016 (reuters poll mok 6.51) . expects 2017 harvest volume of 34,000 tonnes (versus previous guidance 34,000 tonnes) . The farming operations has hedged prices for 8 112 tonnes for 2017 to a nasdaq-equivalent price of above nok 69.00 per kg . Norway royal salmon expects global decline in volume to continue through q1 of 2017. In the first quarter a reduction between 7 and 11 per cent is expected globally. In the next 3 quarters a global growth between 4 and 8 percent is expected . For 2017 we expect an increase in supply to global market of 1 to 3 per cent. This provides basis for a positive market outlook for 2017 .Harvested volume for the quarter was 4 692 tonnes, because of better than expected production, this was 192 tonnes more than estimated at the end of the last quarter.  Full Article

Norway Royal Salmon buys 50 pct of Iceland's Arctic Fish for EUR 29 mln
Wednesday, 24 Aug 2016 

: Norway Royal salmon has entered into an agreement to acquire 50.00 per cent of Arctic Fish ehf through a directed private placement in amount of eur 29 million, , thus forming a joint venture with the existing owners . Norway Royal Salmon asa says remaining 50.00 per cent in Arctic Fish is controlled by Bremesco Holding Ltd and Novo EHF, with 47.50 per cent and 2.50 per cent respectively . Norway Royal Salmon says will finance transaction through existing cash and loan facilities . Norway Royal Salmon asa says through transaction, it is entering salmon farming industry in Iceland . Norway royal salmon asa says arctic fish currently has licenses in three fjords with a total allowed annual production of 9 000 tonnes farmed fish . Arctic Fish is currently building its own highly modern hatchery for smolt in Iceland, with close proximity to the farm sites. Following completion, the hatchery will have an annual capacity of around 7 million smolt . There will be no changes to the management of Arctic Fish as a direct result of the Transaction . Sigurður Pétursson serves as CEO of Arctic Fish after having founded the company in 2011. Arnþór Gustavsson is the Farm Manager and Neil Shiran Thorisson is the company's CFO . In total 18 people are employed by Arctic Fish ehf and its subsidiaries as of August 15(th) 2016.  Full Article

Norway Royal Salmon comments on 2016 harvest volume guidance
Wednesday, 4 May 2016 

Norway Royal Salmon ASA:Says expects moderate growth in global salmon supply in 2017.Says 2016 will see the largest decline in harvest volumes in the history of global salmon farming both in percent and tonnes.Says with these supply expectations and with continued good demand, expects very high salmon prices in 2016.Says expects 2016 harvest volume of 27,500 tonnes (previous guidance 27,500 tonnes).  Full Article

Price of Norwegian farmed salmon seen rising further to NOK 65/kg next week

OSLO, Feb 23 The price of Norwegian farmed salmon is expected to rise further to 64-65 crowns per kilo for deliveries in Oslo next week, up from about 60-61 crowns this week, industry sources told Reuters on Friday.