Salmon Evolution ASA: Another profitable quarter

OSLO, Norway, August 15, 2024 /PRNewswire/ — Salmon Evolution ASA (OSE: SALME) reports another profitable quarter with operating income of NOK 170.5m, Group EBITDA of NOK 45.4m and positive cash flow from operating activities of NOK 37.5m in Q2-24. This is the result of a record high harvest of 1,581 tonnes HOG in the quarter, as well as strong all-in price realization and positive underlying cost development.

“In the first half of 2024, Salmon Evolution had almost 300 million in revenues and an EBITDA of almost 100 million from agriculture, demonstrating that Salmon Evolution has established a unique, efficient and profitable growth platform,” said Salmon Evolution CEO Trond Håkon Schaug-Pettersen. “We are also very pleased with the Phase 2 financing package completed in the quarter and look forward to continuing our growth journey at Indre Harøy,” he said.