An update from Proximar Seafood AS ( (DE:84Q) ) is now available.
Proximar Seafood reported strong fourth quarter and full-year 2024 results, achieving premium prices for its domestically produced Atlantic salmon in Japan, surpassing Norwegian import prices. Despite facing biofilter incidents impacting growth, the company maintained high survival rates and is optimistic about increasing production and achieving positive EBITDA in 2025, supported by additional loan facilities and strategic interest from Japanese stakeholders.
More about Proximar Seafood AS
Proximar Seafood is a Norwegian land-based salmon farming company with its first production facility located at the foot of Mount Fuji in Japan. The company focuses on producing fresh Atlantic salmon using high-quality groundwater, aiming to reduce costs and carbon footprint by being close to the Japanese market.
YTD Price Performance: -2.86%
Average Trading Volume: 1,936
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €40.38M
Learn more about 84Q stock on TipRanks’ Stock Analysis page.