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SalMar ASA (SALM.OL)

SALM.OL on Oslo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Salmar CEO says 2018 contracts set at prices around NOK 60/kg
Wednesday, 15 Nov 2017 

Nov 15 (Reuters) - SALMAR ASA :SALMAR CEO SAYS OUR SHARE OF CONTRACTS FOR 2018 IS AROUND 25 PERCENT, CONTRACTS SET AT PRICES AROUND NOK 60/KG.SALMAR CFO SAYS, GIVEN THE STABLE BIOLOGICAL SITUATION, COST PER KILO IS EXPECTED TO BE LOWER IN 2018.  Full Article

Salmar q3 results above forecast, ups harvest guidance
Wednesday, 15 Nov 2017 

Nov 15 (Reuters) - Fish farmer Salmar Asa ::Salmar q3 ebit before adjustments nok ‍801.3​ million (Reuters poll nok 681 million) vs NOK 576.3 mln in q3 2016.Salmar q3 revenues nok ‍2.7​ billion (Reuters poll 2.48 billion) vs nok 2.3 bln in q3 2016.Salmar expects to harvest ‍134,000​ tonnes in Norway in 2017 (Reuters poll 131,000 tonnes) vs previous 131,000 tonnes.Partly owned Norskott Havbruk (Scottish Seafarms) and Arnarlax are expected to harvest 32,000 tonnes and 9 500 tonnes respectively in 2017​.Salmar expects to harvest ‍143,000​ tonnes in Norway in 2018 (Reuters poll 139,000 tonnes).‍Norskott Havbruk (Scottish Seafarms) and Arnarlax expect to harvest 27,000 tonnes and 11,000 tonnes respectively in 2018​.‍Strong operations in all segments and an improving biological situation have enabled Salmar to deliver strong financial results, despite a fall in salmon prices​.‍Substantial investments we have made over time to deal with salmon lice are now starting to pay off​.‍Ebit per kg of nok 23.60 in q3, while ebit per kg in q2 came to nok 28.12​.Expects steady costs in q4 in Norway.‍contract rate in q4 2017 will be around 40 per cent, with price levels similar to first half of 2017.Says demand is good.Salmar's ocean farm 1 arrived Sept 5 2017, installation and stocking of fish according to plan, expects first harvest in 2h 2018‍​.  Full Article

Salmar says 2017 contract prices rising by almost NOK 10 per kilo
Wednesday, 15 Feb 2017 

Salmar Asa : CEO says average 2017 salmon contract price is so far up by almost NOK 10 per kilo from 2016 average of NOK 46 . Has so far sold 47 percent of H1 2017 output on long-term contracts, 38 percent for H2 -CEO Further company coverage: [SALM.OL] (Reporting by Ole Petter Skonnord, editing by Terje Solsvik) ((terje.solsvik@thomsonreuters.com;)).  Full Article

Salmar Q4 operating profit lags; raises 2017 output forecast
Wednesday, 15 Feb 2017 

Salmar Asa : Salmar proposes 2016 dividend of nok 12 per share (Reuters poll nok 12.6) . Salmar expects to harvest 131,000 tonnes in norway in 2017 (Reuters poll 126,000 tonnes) versus 128,000 tonnes seen in november . Salmar q4 ebit before adjustments nok 557 million (Reuters poll nok 661 million) . Salmar q4 revenues nok 2.5 billion (Reuters poll 2.13 billion) . earnings in the quarter were negatively affected by a high contract rate and the challenging biological situation in Central Norway. Despite this, Operational EBIT in the quarter came to NOK 21 per kg, up NOK 11 per kg on the corresponding period last year . Biological situation for fish transferred to sea in autumn of 2015 is better. Costs are therefore expected to be lower in q1 2017 . SalMar harvested 26,500 tonnes of salmon in the quarter, 11,600 tonnes less than in the same period the year before . To optimise production of segment's standing biomass, salmar has elected to push back harvesting of some volumes from 2016 until 2017 . Based on estimates of standing biomass at close of 2016, global supply of atlantic salmon is expected to grow by 2 per cent in 2017 . Combined with strong consumer demand, this indicates that salmon market will remain tight, with outlook for continued high salmon prices and strong earnings.  Full Article

Salmar Q2 operating profit above forecast, cuts 2016 volume guidance
Thursday, 25 Aug 2016 

: Salmar q2 ebit before adjustments NOK 731.8 million (Reuters poll nok 653 million) vs NOK 335.1 mln in Q2 2015 . Overall, the Group achieved an operating profit of NOK 22.74 per kg fish harvested, up 9 per cent from the previous quarter and up more than 136 per cent from the second quarter last year . The continued downturn in the overall supply of Atlantic salmon led to new price records in the second quarter this year . Salmar expects to harvest 126,000 tonnes in Norway in 2016 (Reuters poll 131,000 tonnes) versus previously 131,000 tonnes . Salmar asa says while Norskott Havbruk (Scottish Seafarms) is expected to harvest some 26,000 tonnes . Salmar sees global supply of salmon to decrease 6 per cent in 2016 . Salmar asa says expects strong results in second half of 2016 as well . The salmon lice situation remains challenging for Fish Farming Central Norway . However, SalMar has the situation under control and operates within statutory and regulatory thresholds . The biological challenges experienced by the fish farming operations have a knock-on effect for the company's sales and processing businesses .Quality downgrades and non-standard sizes affect operational efficiency at the harvesting plant and impair the prices achieved by the sales force.  Full Article

Salmar reports Q1 earnings ahead of forecast, picks new CEO
Wednesday, 11 May 2016 

Salmar Asa : Salmar q1 revenues nok 2.0 billion (Reuters poll 1.8 billion) . Salmar q1 ebit before adjustments nok 566.5 million (Reuters poll nok 460 million) . Salmar expects to harvest 131,000 tonnes in norway in 2016 (Reuters poll 132,000 tonnes) versus previously 133,000 tonnes . Company also expects strong results in forthcoming quarters of 2016 . Based on estimates of standing biomass, company expects a decrease in global supply of atlantic salmon of 7 per cent in 2016 . has appointed Trond Williksen new CEO . Williksen replaces Leif Inge Nordhammer, who, after serving as CEO during two periods that comprise a total of more than 17 years, has asked to be relieved of his duties . Williksen joins SalMar from AKVA Group, where he has served as CEO since 2011 .Williksen will take up the position as CEO of SalMar from 1 January 2017. Leif Inge Nordhammer will continue as CEO until further notice, and has agreed to take on assignments for the company thereafter.  Full Article

Salmar ASA proposes a dividend for FY 2015
Monday, 22 Feb 2016 

Salmar ASA:Proposes dividend of ‍10 crowns​ per share in FY 2015.  Full Article

Salmon price rose to NOK 50.28 per kilo last week -Nasdaq Salmon Index

OSLO, Dec 12 The spot price for farmed salmon rose by 6.38 Norwegian crowns to an average of 50.28 Norwegian crowns($6.02) per kilo last week, according to statistics from the Nasdaq Salmon Index.