Atlantic Sapphire ASA (OSL:ASA)
kr 9.55 +0.15 (+1.6%) Market Cap: 342.44 Mil Enterprise Value: 696.58 Mil PE Ratio: 0 PB Ratio: 0.16 GF Score: 54/100
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Full Year 2024 Atlantic Sapphire ASA Earnings Call Transcript

Apr 23, 2025 / 03:30 PM GMT
Release Date Price: kr8 (-0.22%)

Key Points

Positve
  • Atlantic Sapphire ASA (AASZF) reported a significant increase in revenues for 2024, driven by a substantial rise in harvest volume from 1,545 tons in 2023 to 4,365 tons in 2024.
  • The company achieved a reduction in fish mortality rates, which are now lower than traditional farming methods, indicating improved farming conditions.
  • There has been a systematic improvement in feeding capacity, which is crucial for production capabilities in a RAS (Recirculating Aquaculture System) facility.
  • Atlantic Sapphire ASA (AASZF) has successfully increased its average harvest weights, allowing access to premium pricing and improving filleting yields.
  • The company is implementing a cost-cutting program and system overhauling to enhance efficiency and stability, aiming for profitability in the medium term.
Negative
  • Atlantic Sapphire ASA (AASZF) recorded an impairment write-down of fixed assets amounting to $73 million in 2024, primarily due to increased costs for completing phase two of their project.
  • The company faced low sales prices earlier in the year due to low average harvest weights, impacting revenue.
  • SG&A costs increased year over year, driven by management transitions and higher insurance costs.
  • The company continues to rely on a temporary chiller solution for phase one, which incurs higher costs until a permanent solution is implemented.
  • There is uncertainty regarding tariffs on feed imports, which could affect operational costs, as the tariff situation in the US has been changing frequently.


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

ASA.OL - Atlantic Sapphire ASA
Full Year 2024 Atlantic Sapphire ASA Earnings Call
Apr 23, 2025 / 03:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon, Europe, Asia, and good morning America. Welcome to the Atlantic Sapphire presentation after publishing the annual report for 2024.

My name is Gunnard Osur Sinderhag, and I'm the CFO of the company. I'm currently in Oslo, with me I have Pedro Curar, who is the CEO of the company currently in Miami. I hope the technology works with us, being on separate locations, but we believe it should.

Together we will present the company updates, and after the presentation, we will open for a Q&A session.

In the Q&A session, please ask your questions in the chat and please identify yourself with the full name and company.

I will hand the word over to Pedro who will start the
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