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SalMar ASA (SALM.OL)

SALM.OL on Oslo Stock Exchange

428.00NOK
20 Aug 2018
Change (% chg)

kr4.00 (+0.94%)
Prev Close
kr424.00
Open
kr425.00
Day's High
kr433.40
Day's Low
kr421.00
Volume
211,308
Avg. Vol
319,121
52-wk High
kr446.40
52-wk Low
kr204.20

Latest Key Developments (Source: Significant Developments)

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

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

UPDATE 1-Norwegian salmon price seen falling to 9-month low next week

OSLO, Aug 17 The price of farmed Norwegian salmon is expected to drop to a nine-month low of around 46-48 Norwegian crowns ($5.42-$5.66) per kilo next week from this week's 48-49 Norwegian crowns as supply continues to grow, industry sources said on Friday.