Icelandic Salmon AS (OSL:ISLAX)
kr 101.5 -0.50 (-0.49%) Market Cap: 3.14 Bil Enterprise Value: 4.17 Bil PE Ratio: 0 PB Ratio: 1.79 GF Score: 82/100
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Q4 2024 Icelandic Salmon AS Earnings Call Transcript

Feb 18, 2025 / 09:00 AM GMT
Release Date Price: kr116 (-0.85%)

Key Points

Positve
  • Icelandic Salmon AS (FRA:I6X) achieved higher harvest volumes in Q4 compared to previous quarters, indicating improved operational performance.
  • The company reported a stable biological situation and effective control of sea lice, contributing to better production outcomes.
  • A significant increase in harvesting volume was observed, with a record high of 3,000 tons in October.
  • Strong demand and price performance were noted in North American and Asian markets, with 18% of volume sold to North America and 13% to Asia.
  • The company secured additional sustainability-linked financing of €65 million, increasing its loan facility to €160 million, supporting future growth plans.
Negative
  • The company faced biological challenges, including a pox virus outbreak at one of its smolt facilities, resulting in a one-off cost of €600,000.
  • A 10,000-ton license for sterile salmon was revoked, impacting potential production capacity.
  • The overall harvest volume for the full year 2024 decreased compared to 2023 due to earlier biological challenges.
  • Pending applications for larger sites have faced delays, with no final decision expected before the end of 2025.
  • The company anticipates increased costs in the first half of 2025 due to lower utilization of capacity and biological challenges.


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

ISLAX.OL - Icelandic Salmon AS
Q4 2024 Icelandic Salmon AS Earnings Call
Feb 18, 2025 / 09:00AM GMT

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Presentation
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Unidentified_1 [1]
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Welcome, everyone.

Thank you for taking time to watch this Q4 presentation for Icelandic Salmon. My name is Bjorn Hambre, and with me today, I have, Jonas Haidar Bergeson and Yur Metusamson.

After the presentation, there will be a Q&A session, and you can send your questions to question at arnalox.

I anytime during this session.

First, a brief overview of Icelandic salmon A.

Most of you probably know that the company is listed on the Euronext growth market in Oslo and on the Nosto First North market in Reykjavik. The company is the sole owner and parent company of Anao. All operational activities of the group are performed in Inao AHF.

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