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SalMar ASA (SALM.OL)

SALM.OL on Oslo Stock Exchange

355.40NOK
22 May 2018
Change (% chg)

kr-17.00 (-4.56%)
Prev Close
kr372.40
Open
kr374.20
Day's High
kr374.80
Day's Low
kr353.40
Volume
266,517
Avg. Vol
418,100
52-wk High
kr404.20
52-wk Low
kr195.80

Latest Key Developments (Source: Significant Developments)

Salmar: Glomar sold 1.1 mln shares at NOK 364 crowns per share
Wednesday, 16 May 2018 

May 16 (Reuters) - SalMar ASA ::SUCCESSFUL SALE OF SHARES IN SALMAR ASA - MANDATORY NOTIFICATION OF TRADE.REFERENCE IS MADE TO STOCK EXCHANGE RELEASE ON 15 MAY 2018 REGARDING CONTEMPLATED SALE BY GLOMAR AS ("GLOMAR") OF SHARES IN SALMAR ASA.IN SHARE SALE, WHICH WAS SIGNIFICANTLY OVERSUBSCRIBED, A TOTAL OF 1,063,863 SALMAR SHARES WERE SOLD AT A PRICE OF NOK 364 PER SHARE.FOLLOWING SHARE SALE REFERRED TO ABOVE, GLOMAR AS WILL NOT OWN ANY SHARES IN SALMAR ASA, AND KVERVA INDUSTRIER AS WILL HOLD 59,436,137 SHARES (52.46%) IN SALMAR ASA.  Full Article

Salmar ASA Says Andreas Ervik Appointed New CEO After Trond Williksen Requests Relief
Monday, 9 Apr 2018 

April 9 (Reuters) - SalMar ASA ::ANDREAS ERVIK APPOINTED NEW CEO AFTER TROND WILLIKSEN REQUESTS RELIEF.ANDREAS ERVIK TO TAKE OVER AS NEW CEO WHEN WILLIKSEN STEPS DOWN.  Full Article

Salmar Q1 harvest volume 31,900 tonnes
Wednesday, 4 Apr 2018 

April 4 (Reuters) - SalMar ASA ::‍HARVEST VOLUME IN Q1 2018 WAS 31,900 TONNES (22,300 TONNES IN CENTRAL NORWAY, 9,600 TONNES IN NORTHERN NORWAY)​.‍FULL Q1 2018 REPORT WILL BE RELEASED ON 15 MAY​.  Full Article

Salmar Q4 beats forecast, raises dividend more than expected
Thursday, 15 Feb 2018 

Feb 15 (Reuters) - Salmar Asa ::SALMAR Q4 EBIT BEFORE ADJUSTMENTS NOK ‍707.2​ MILLION (REUTERS POLL NOK 693 MILLION).SALMAR Q4 REVENUES NOK ‍2.8​ BILLION (REUTERS POLL 2.64 BILLION).‍BASED ON FINANCIAL RESULTS FOR 2017, SALMAR'S BOARD OF DIRECTORS IS PROPOSING A DIVIDEND OF NOK 19 PER SHARE (REUTERS POLL NOK 12.7) VS YEAR-AGO NOK 12/SHARE​.SALMAR EXPECTS TO HARVEST ‍143,000​ TONNES IN NORWAY IN 2018 VERSUS PREVIOUS GUIDANCE OF 143,000 TONNES (REUTERS POLL 143,000 TONNES).‍NORSKOTT HAVBRUK (SCOTTISH SEAFARMS) EXPECTS TO HARVEST APPROX. 26,000 TONNES IN 2018, WHILE ARNARLAX EXPECTS TO HARVEST SOME 11,000 TONNES​.‍BASED ON ESTIMATES OF STANDING BIOMASS AT CLOSE OF 2017, GLOBAL SUPPLY OF ATLANTIC SALMON IS EXPECTED TO INCREASE BY 6 PER CENT IN 2018​.‍COMBINED WITH EXPECTATIONS OF CONTINUED STRONG AND STABLE DEMAND, THIS INDICATES A BALANCED SALMON MARKET, WITH OUTLOOK FOR CONTINUED STRONG EARNINGS IN TIME AHEAD​.‍HARVESTED 39,900 TONNES IN QUARTER​.‍FISH FARMING NORTHERN NORWAY SEGMENT HAS EXPERIENCED A RISE IN LICE NUMBERS IN CERTAIN AREAS​.‍INCREASED DELOUSING TREATMENTS NEEDED BY THESE FISH WILL ALSO PUSH UP COSTS IN COMING QUARTERS​.‍WELL EQUIPPED TO DEAL WITH SEGMENT'S LICE SITUATION IN FUTURE​.‍AS AT MID-FEBRUARY, CONTRACT RATE STANDS AT AROUND 48 PER CENT FOR Q1 2018 AND AT AROUND 26 PER CENT FOR 2018 AS A WHOLE​.OCEAN FARM VOLUMES TO REACH THE MARKET IN 2H 2018.2018 CAPEX ESTIMATED TO NOK 356 MILLION‍​.  Full Article

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 Q2 operational ebit above forecast, sees strong quarters ahead
Friday, 25 Aug 2017 

Aug 25 (Reuters) - Salmar Asa :Salmar q2 ebit before adjustments nok 983 million (Reuters poll nok 929 million).Salmar expects to harvest 131,000 tonnes in Norway in 2017 (Reuters poll 129,000 tonnes).Generated gross operating revenues of nok 2.9 billion in quarter, up from nok 2.3 billion in same period last year.Achieved an operating profit per kg gutted fish of nok 28.12 in q2, up 24 percent compared with the second quarter last year.Salmar says measures to manage lice situation are costly, and a high treatment frequency rate will negatively affect production costs in coming quarters, but that other cost-reduction initiatives will offset this to some degreee.Salmar says expects results in the upcoming quarters of 2017 to remain strong.The contract rate for the second half of 2017 is expected to be around 50 per cent, with a similar price level as in the first half of this year..  Full Article

Salmar harvested 35,000 tonnes of fish in Q2
Wednesday, 5 Jul 2017 

July 5 (Reuters) - Salmar Asa :Harvest volumes in q2 2017 (1,000 tgw): 34.96.Farming Central Norway (1,000 tgw): 21.19.Farming Northern Norway (1,000 tgw): 13.77.Full q2 2017 report will be released on 24 august 2017 at 06:30 cest.  Full Article

Fish farmer Salmar's Q1 earnings beat forecast
Wednesday, 10 May 2017 

May 10 (Reuters) - Salmar Asa :Salmar q1 revenues nok 2.4 billion (Reuters poll 2.1 billion).Salmar q1 ebit before adjustments nok 670.7 million (Reuters poll nok 636 million).Salmar expects to harvest 131,000 tonnes in norway in 2017 (Reuters poll 129,000 tonnes).Despite lower lice numbers at close of period than in q1 last year, situation in central norway is still regarded as challenging. In q1 2017, some stocks were harvested prematurely out of consideration for fish welfare..Global supply of atlantic salmon is expected to grow by 3 per cent in 2017 as a whole..  Full Article

Salmar CEO returns from sick leave
Tuesday, 18 Apr 2017 

April 18 (Reuters) - Salmar Asa :Trond Williksen returns to the position as CEO.Gustav Witzoe will at same time return to his position as director of processing and sales.Salmar announced on Jan 26 that Williksen would be on sick leave until mid-April nFWN1FG0C4.  Full Article

Norway rejects Pure Atlantic's plan for fish farming on 'world's largest ship'

OSLO, May 22 Norway's Directorate of Fisheries has rejected Pure Atlantic's application for 45 salmon farming development licenses, arguing that the plan did not bring significant innovation to the industry, it said in a letter dated May 16.