Q1 2025 Kaldvik AS Earnings Call Transcript

May 28, 2025 / 07:00 AM GMT

Release Date Price: kr216 (+1.89%)

Transcript

Key Points

Positve

Kaldvik AS (FRA:4YYA) achieved strong revenue growth, with revenues increasing to approximately EUR48 million, up from EUR31 million in the same quarter last year.
The company maintained a healthy EBIT per kilo of EUR1.54, supported by solid operational performance and price achievements.
Kaldvik AS successfully launched a new grow-out facility in Land North, Rifos, which became operational in the first quarter, enhancing production capabilities.
The acquisition of a box factory is expected to provide approximately EUR3 million in annual cost savings, directly increasing margins and improving profitability.
Kaldvik AS has secured a long-term financing package of EUR230 million, providing financial flexibility and supporting future growth initiatives.

Negative

The company faced production challenges, including a lower share of superior grade products, impacting overall product quality.
Kaldvik AS was in breach of certain loan covenants in the first quarter, although a waiver was obtained to ensure continued support.
The book value of biological assets decreased by approximately EUR20 million, reflecting reduced fair value and low biological growth.
Liabilities rose by EUR26 million, mainly due to the utilization of a short-term bridge facility and purchase price payables related to acquisitions.
The process of obtaining new licenses in Seyðisfjörður has been lengthy, starting in 2016, and is still pending approval, delaying potential capacity expansion.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

KLDVK.OL - Kaldvik AS
Q1 2025 Kaldvik AS Earnings Call
May 28, 2025 / 07:00AM GMT

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Conference Call Participants
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* Roy-Tore Rikardsen
Kaldvik AS - Chief Executive Officer
* Robert Robertsson
Kaldvik AS - Chief Financial Officer

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Presentation
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Roy-Tore Rikardsen, Kaldvik AS - Chief Executive Officer [1]
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Good morning, everyone. I'm Roy-Tore Rikardsen, CEO of KaldvÃk, and I'm pleased to welcome you to the presentation of our first-quarter results for 2025. Joining me today is our CFO, RÃ³bert RÃ³bertsson. And together, we'll walk you through the key highlights and developments from the past quarter. After the presentation, we'll open the floor for questions. And as before, you're welcome to submit them by email. You all know this.

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