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Salmon Evolution ASA ( (DE:60E) ) just unveiled an update.
Salmon Evolution ASA reported revenues of 91.1 million NOK for the second quarter, with a harvest of 1,232 tonnes HOG. The company’s financial performance was affected by weak salmon prices and increased farming costs due to non-recurring factors. Despite these challenges, Salmon Evolution maintained stable operations with a fully stocked farm and minimal mortality, positioning itself for future growth. The company is progressing well with its phase 2 expansion project at Indre Harøy, which is on schedule for the first smolt release in Q1 2026 and first harvest in Q4 2026. This expansion aims to strengthen the company’s operational platform and capitalize on expected salmon price recovery.
More about Salmon Evolution ASA
Salmon Evolution ASA is a global leader in land-based salmon farming, utilizing a hybrid flow-through system (HFS) to create optimal growth conditions in a controlled environment. This innovative approach combines the benefits of land-based and sea-based farming, focusing on biological priorities while minimizing risks. The company is strategically located on the west coast of Norway, a hub for the global aquaculture industry, and operates a fully functional industrial-scale facility at Indre Harøy.
Average Trading Volume: 749,731
Current Market Cap: NOK2.4B
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