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SalMar ASA (SALM.OL)

SALM.OL on Oslo Stock Exchange

410.60NOK
3:25pm GMT
Change (% chg)

kr0.80 (+0.20%)
Prev Close
kr409.80
Open
kr409.40
Day's High
kr412.00
Day's Low
kr405.80
Volume
146,813
Avg. Vol
260,222
52-wk High
kr522.50
52-wk Low
kr289.20

Latest Key Developments (Source: Significant Developments)

Salmar launches offer for remaining shares in Arnarlax
Wednesday, 13 Mar 2019 

March 13 (Reuters) - SalMar ASA ::SALMAR ASA COMMENCES CASH OFFER TO ACQUIRE THE REMAINING SHARES IN ARNARLAX AS.TRIGGERED A MANDATORY OFFER CLAUSE IN SHAREHOLDER'S AGREEMENT FOR ARNARLAX AS, AND WILL AS A RESULT PUT FORWARD A CASH OFFER FOR ALL REMAINING SHARES IN ARNARLAX AS.  Full Article

Salmar raises stake in Iceland's Arnarlax, plans bid
Thursday, 14 Feb 2019 

Feb 14 (Reuters) - SalMar ASA ::REG-SALMAR - SHARE ACQUISITION IN ARNARLAX AS.REG-SALMAR - SHARE ACQUISITION IN ARNARLAX AS.ENTERED INTO AN AGREEMENT TO ACQUIRE 3,268,670 SHARES IN ARNARLAX AS AT NOK 55 PER SHARE, TOTALLING NOK 179,776,850.OWNS FROM BEFORE 41.95 % OF SHARES IN ARNARLAX AS AND WILL BY THIS TRANSACTION INCREASE ITS OWNERSHIP TO 54,23 %.ARNARLAX AS IS LARGEST FARMER AND PRODUCER OF SALMON ON ICELAND THROUGH ITS WHOLLY OWNED SUBSIDIARY ARNARLAX HF.WILL FOLLOWING TRANSACTION ISSUE AN OFFER TO ACQUIRE REMAINING 12,181,761 SHARES IN COMPANY AT APPROX. NOK 55.50 PER SHARE.CHAIRMAN OF BOARD OF ARNARLAX AS, KJARTAN OLAFSSON, HAS CONFIRMED THAT HE WISHES TO CONTINUE AS AN OWNER IN ARNARLAX AS AND WILL AS SUCH NOT SELL SHARES IN RESPONSE TO OFFER.SPAREBANK 1 MARKETS HAS ACTED AS FINANCIAL ADVISOR IN TRANSACTION.  Full Article

Salmar sets higher than expected 2018 dividend as Q4 profit meets forecast
Thursday, 14 Feb 2019 

Feb 14 (Reuters) - SalMar ASA ::Q4 EBIT BEFORE ADJUSTMENTS NOK 934.9 MILLION (REUTERS POLL NOK 937 MILLION).Q4 REVENUES NOK 3.1 BILLION (REUTERS POLL 3 BILLION).PROPOSES 2018 DIVIDEND OF NOK 23 PER SHARE (REUTERS POLL NOK 19.2).SALMAR EXPECTS TO HARVEST 145,000 TONNES IN NORWAY IN 2019 VERSUS PREVIOUS GUIDANCE 145,000 TONNES (REUTERS POLL 146,000).NORSKOTT HAVBRUK (SCOTTISH SEAFARMS) IS EXPECTED TO HARVEST APPROX. 30,000 TONNES IN 2019, WHILE ARNARLAX IS EXPECTED TO HARVEST 10,000 TONNES.CONTRACT RATE FOR Q1 2019 STANDS AT APPROX. 30 PER CENT.CONTRACT RATE FOR Q1 2019 STANDS AT APPROX. 30 PER CENT. IT IS EXPECTED TO BE AROUND 20 PER CENT FOR 2019 AS A WHOLE.CONTRACTS HAVE BEEN CLOSED AT PRICES ABOVE AVERAGE PRICE IN 2018, WHICH REFLECTS A GOOD MARKET WITH STRONG DEMAND.SALMAR EXEPECTS 2019 GLOBAL SUPPLY OF ATLANTIC SALMON TO INCREASE BY 6 PERCENT VERSUS PREVIOUS VIEW 5 PERCENT.COMBINED WITH EXPECTATIONS OF STRONG DEMAND, THIS INDICATES A BALANCED SALMON MARKET, WITH PROSPECT OF CONTINUED HIGH EARNINGS.FIRST GENERATION FROM OCEAN FARM 1 WAS ALSO HARVESTED DURING QUARTER. PROJECT'S BIOLOGICAL RESULTS HAVE BEEN GOOD AND STRENGTHENED OUR CONFIDENCE IN FISH FARMING FURTHER OUT TO SEA.  Full Article

Salmar appoints new COO/CFO
Wednesday, 30 Jan 2019 

Jan 30 (Reuters) - SalMar ASA ::SALMAR ASA - TRINE SÆTHER ROMULD APPOINTED AS NEW COO & CFO IN SALMAR ASA.TRINE SÆTHER ROMULD HAS BEEN APPOINTED AS NEW COO & CFO IN SALMAR ASA, EFFECTIVE FROM 1ST OF JULY 2019.  Full Article

Salmar: Q4 harvest volumes 40,500 tonnes vs guidance of 41,000 tonnes
Thursday, 3 Jan 2019 

Jan 3 (Reuters) - SalMar ASA ::HARVEST VOLUMES IN Q4 2018 ARE: 40,500 TONNES VS COMPANY'S NOVEMBER FORECAST OF 41,000 TONNES.FULL Q4 2018 REPORT WILL BE RELEASED ON 14 FEBRUARY 2019 AT 06:30 CET.  Full Article

Norway's Food Safety Authority warns of possible isa salmon disease at Salmar location in Northern Norway
Monday, 17 Dec 2018 

Dec 17 (Reuters) - SalMar ASA ::NORWAY'S FOOD SAFETY AUTHORITY WARNS OF POSSIBLE ISA SALMON DISEASE AT SALMAR'S LEKANGSUND II LOCATION IN TROMS, NORTHERN NORWAY.  Full Article

Salmar Q2 misses forecast; output forecast maintained
Thursday, 23 Aug 2018 

Aug 23 (Reuters) - SalMar ASA ::SALMAR EXPECTS TO HARVEST 143,000 TONNES IN NORWAY IN 2018 (REUTERS POLL 143,000 TONNES).SALMAR Q2 EBIT BEFORE ADJUSTMENTS NOK 878.6 MILLION (REUTERS POLL NOK 922 MILLION).SALMAR EXPECTS TO HARVEST 143,000 TONNES IN NORWAY IN 2018 VERSUS PREVIOUS GUIDANCE OF 143,000 TONNES (REUTERS POLL 143,000 TONNES).CONTRACT RATE FOR Q3 2018 STANDS AT 35 PER CENT AS AT 23 AUGUST.GLOBAL SUPPLY OF ATLANTIC SALMON IN 2018 AS A WHOLE IS EXPECTED TO INCREASE BY UP TO 6 PER CENT.COMBINED WITH EXPECTATIONS OF STRONG DEMAND, THIS INDICATES A BALANCED SALMON MARKET, WITH OUTLOOK FOR CONTINUED HIGH EARNINGS.SALMAR Q2 REVENUES NOK 2.9 BILLION (REUTERS POLL 2.79 BILLION).SALMAR SAYS OCEAN FARM VOLUMES TO REACH THE MARKET IN 2H 2018.SALMAR SAYS REDUCED COST EXPECTED IN 3Q 2018.SALMAR TO CONTINUE TO EXPLORE OPPORTUNITIES FOR CAPACITY GROWTH.  Full Article

Glomar to sell shares in Salmar for NOK 388 mln
Tuesday, 15 May 2018 

May 15 (Reuters) - SalMar ASA ::GLOMAR AS ("GLOMAR") IS CONTEMPLATING A SALE OF SHARES IN SALMAR ASA FOR AN AMOUNT OF APPROXIMATELY NOK 388 MILLION.GLOMAR WILL RECEIVE SHARES FOR SALE AS CONSIDERATION FOR KVARV AS' ACQUISITION OF GLOMAR'S 2.53% MINORITY OWNERSHIP IN KVERVA AS.KVERVA AS IS PARENT COMPANY OF KVERVA INDUSTRIER AS, MAJORITY SHAREHOLDER IN SALMAR ASA HOLDING 60,500,000 SHARES OR APPROXIMATELY 53.4%.KVARV AS, KVERVA AS AND KVERVA INDUSTRIER AS ARE DIRECTLY AND INDIRECTLY CONTROLLED BY GUSTAV WITZØE WHO IS DIRECTOR OF STRATEGIC PROJECTS AND A PRIMARY INSIDER IN SALMAR ASA.  Full Article

Salmar Q1 earnings lag forecast, impacted by high costs
Tuesday, 15 May 2018 

May 15 (Reuters) - SalMar ASA ::SALMAR Q1 EBIT BEFORE ADJUSTMENTS NOK 708.1 MILLION (REUTERS POLL NOK 789 MILLION).SALMAR Q1 REVENUES NOK 2.5 BILLION (REUTERS POLL 2.46 BILLION).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) AND ARNARLAX EXPECT TO HARVEST 26,000 AND 8,000 TONNES RESPECTIVELY IN 2018.SALMAR EXEPECTS 2018 GLOBAL SUPPLY OF ATLANTIC SALMON TO INCREASE BY 4 PST VERSUS PREVIOUS VIEW OF 6 PERCENT.SALMAR EXEPECTS 2018 GLOBAL SUPPLY OF ATLANTIC SALMON TO INCREASE BY 4 PERCENT VERSUS PREVIOUS VIEW OF 6 PERCENT.HIGHER UNDERLYING COSTS FOR FISH HARVESTED IN NORTHERN NORWAY AND LOWER ACTIVITY IN SALES AND PROCESSING SEGMENT HAD A NEGATIVE EFFECT ON Q1 PERFORMANCE.CONTINUOUSLY WORKING TO CONTROL AND REDUCE COSTS WITHOUT COMPROMISING WELFARE OF OUR SALMON.PROSPECT OF CONTINUED STRONG EARNINGS.OVERALL STABLE COST DEVELOPMENT EXPECTED IN 2Q 2018.OCEAN FARM VOLUMES TO REACH THE MARKET IN 2H 2018.CONTINUE TO EXPLORE OPPORTUNITIES FOR CAPACITY GROWTH.CONTRACT SHARE FOR REMAINING 2018 VOLUMES CURRENTLY AT 36%.EXPECT CONTINUED GOOD DEMAND IN CORE MARKETS.COSTS IN THE SECOND QUARTER 2018 ARE EXPECTED TO BE SLIGHTLY HIGHER THAN IN THE YEAR’S FIRST QUARTER.  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

UPDATE 2-European stocks close at five-month high amid trade and Brexit optimism

LONDON, March 15 European shares closed at their highest level in five months on Friday as investors cheered positive signs on U.S.-China trade talks and UK lawmakers' vote to request a delay in a potentially chaotic exit from the EU.