SalMar ASA (OTCPK:SALRF) Q1 2025 Earnings Conference Call May 20, 2025 4:00 AM ET
Company Participants
Frode Arntsen – Chief Executive Officer
Ulrik Steinvik – Chief Financial Officer
Frode Arntsen
Good morning, everyone, and welcome to the presentation of SalMar’s Results for the First Quarter of 2025. My name is Frode Arntsen, and I am the CEO of SalMar. And together with me today, I have our CFO, Ulrik Steinvik.
At SalMar, it’s all about producing salmon on the salmon terms. This means that we put the salmons first and that the focus on good biology will always be the way to good financial results. Even though you can get results and events in isolation in some quarters that you would not have wanted. The first quarter of 2025 is a good example of this.
Based on a demanding 2024, we prioritized building biomass in the quarter, which also led to harvesting late in the period, which affects price achievement and impacts the figures we will review today. In addition to late harvest, we also experienced a high proportion of downgraded fish and a low average weight in Central Norway, which increased costs and reduced earnings.
In addition, a challenging biology makes everyday life more difficult for the sales department, with major changes and challenges when it comes to volume, size and quality. All this combined means that today we deliver a quarter that is far from where we want to be.
Even though a huge effort has been put into the entire value chain and especially on those who have the last stage in sales, planning and logistics, it is difficult to navigate in such uncertain terrain and I am simply impressed by the work that is done and the values that are both created and salvaged every day. Thank you very
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