Salmon Evolution shifts from investment phase to growth as Phase 2 comes online

Salmon Evolution ASA ( (DE:60E) ) has shared an announcement.

Salmon Evolution ASA, a global leader in land-based salmon farming, operates a hybrid flow-through system that combines land-based control with benefits of traditional sea-based farming. The company’s flagship facility at Indre Harøy on Norway’s west coast serves as its industrial-scale hub and proof of concept as it targets significant growth in the aquaculture sector.

The company has initiated operations at its Indre Harøy Phase 2 facility with the first smolt release completed, while reporting first-quarter revenues of NOK 152.2 million and positive farming EBITDA. Following a successful refinancing and private placement that strengthened its capital structure, Salmon Evolution expects production volumes to more than double over the next year as it shifts from heavy investment to harvesting value from its now operational platform.

The most recent analyst rating on (DE:60E) stock is a Buy with a NOK6.70 price target. To see the full list of analyst forecasts on Salmon Evolution ASA stock, see the DE:60E Stock Forecast page.

More about Salmon Evolution ASA

Salmon Evolution ASA is a global leader in land-based salmon farming, listed on Oslo Børs under the ticker SALME. The company uses a hybrid flow-through system that combines advantages of land-based and sea-based aquaculture, operating its first industrial-scale facility and center of excellence at Indre Harøy on Norway’s west coast, with ambitions for further expansion.

Average Trading Volume: 900,636

Current Market Cap: NOK2.66B

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