Proximar Seafood AS (OSL:PROXI)
kr 1.2 -0.13 (-9.77%) Market Cap: 187.67 Mil Enterprise Value: 1.38 Bil PE Ratio: 0 PB Ratio: 0.52 GF Score: 12/100
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Q1 2025 Proximar Seafood AS Earnings Call Transcript

May 16, 2025 / 07:00 AM GMT
Release Date Price: kr3.31 (-2.65%)

Key Points

Positve
  • Proximar Seafood AS (STU:84Q) achieved a 99.5% superior grade of fish, indicating high-quality production.
  • The company secured additional working capital financing, addressing previous financial requirements.
  • Fuji Atlantic salmon is now available in high-end restaurants and hotels in Japan and Taiwan, enhancing brand visibility.
  • The Japanese market for Atlantic salmon remains stable, with local production providing a competitive advantage.
  • Proximar Seafood AS (STU:84Q) has a strong survival rate of over 98%, confirming the system's performance and fish health.
Negative
  • The average harvest weight was below target due to restricted feeding and suboptimal production conditions.
  • Repair works on biofilters are behind schedule, delaying full facility utilization.
  • The average price achievement was negatively impacted by smaller fish sizes, reducing overall revenue.
  • The company reported a loss of 58.5 million NOK after tax for the quarter.
  • Capacity constraints require continued harvesting below ideal weights, impacting long-term production targets.


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

PROXI.OL - Proximar Seafood AS
Q1 2025 Proximar Seafood AS Earnings Call
May 16, 2025 / 07:00AM GMT

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Presentation
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Unidentified_1 [1]
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A very good Friday morning to you all and welcome to the presentation of the 1st quarter 2025 for Proximar Seafood.

The presentation will be given by CEO Joachim Nielsen in Japan and myself, CFO Uri and Williamson in Norway.

We start by addressing the highlights of the quarter before giving you an update on the sales and marketing efforts.

We will then share the status of the production, followed by revisiting our business case and going through the financial summary.

Finally, we will share our outlook for 2025 before summing up.

And with that, I'd like to hand it over to Joachim in Yokohama. Joachim.

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