Q3 2025 Kaldvik AS Earnings Call Transcript
Key Points
- Kaldvik AS (FRA:4YYA) completed the transfer of 8.2 million smolts in 2025, supporting their long-term goal of producing 30,000 tons.
- The company achieved a 93% survival rate for smolts after 60 days at sea, significantly improving from last year's 79%.
- Kaldvik AS has renegotiated its sales agreement, providing improved price indications and clearer commercial terms.
- The company has implemented cost reduction initiatives, including organizational adjustments and transferring sales activities to an external partner.
- Kaldvik AS has initiated a strategic review to optimize its production model and reduce risk, aiming for a more robust and predictable operation.
- Kaldvik AS reported a negative operational EBIT of EUR5 million for the third quarter.
- The company lowered its full-year harvest guidance for 2025 from 18,000 tons to 17,000 tons due to various operational challenges.
- Harvest volumes were limited, leading to partial utilization of harvesting facilities and increased operational costs.
- The average smolt size was smaller than last year, mainly due to earlier output and smaller external smolts.
- Kaldvik AS experienced a loss of 900 tons in July due to algae-related issues, impacting growth and harvest.
Good morning, everyone. I'm Vidar Aspehaug. And I want to thank you, welcome you. To -- please welcome you to the presentation of our third quarter results for 2025.
Joining me today is our CFO Robert Robertsson, and together we will walk you through the key highlights and developments from the past quarter. After the presentation, we'll open the floor for questions. As before, you're welcome to submit them by email. And you'll see the email on screen. You know all this disclaimer, so then we'll go to the agenda.
And we will begin with some key highlights from the last quarter covering operational performance, financial results, and strategic updates. Then we will look ahead with a brief outlook and summary before wrapping up with a Q&A session. If you have any questions, please send to [email protected].
So starting with some highlights, throughout the presentation we have put the respective 24 numbers in brackets behind the 25 numbers to give you some reference. And in the third quarter we harvested 1,545 tons
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
