SalMar ASA (OSL:SALM)

kr 418.8 +6.4 (+1.55%) Market Cap: 55.97 Bil Enterprise Value: 80.43 Bil PE Ratio: 30.79 PB Ratio: 3.03 GF Score: 94/100

Q4 2024 SalMar ASA Earnings Call(recording) Transcript

Feb 18, 2025 / 09:00 AM GMT

Release Date Price: kr594.5 (+0.93%)

Transcript

Key Points

Positve

SalMar ASA (SALRF) reported an improvement in biological performance throughout the fourth quarter of 2024, providing a brighter outlook for the coming year.
The company maintained a robust financial position, proposing a dividend of 22 NOK per share for the financial year 2024.
Operational EBIT increased by 448 million NOK compared to the third quarter, driven by higher volume and price achievement.
SalMar ASA (SALRF) has a flexible financing structure with new green bonds totaling 4,350 million NOK, ensuring sufficient liquidity for future investments.
The company is investing in fish welfare and technology, with plans to increase preventive technology deployment to 40% of locations in 2025.

Negative

2024 was a challenging year for SalMar ASA (SALRF), with environmental conditions and biological challenges negatively impacting operational choices and performance.
The company experienced high costs in Iceland, which dragged down results despite improved biological stability in the fourth quarter.
Event-based mortality during the period increased costs by 73 million NOK.
Harvest volume was reduced by 9% to 231,800 tons, with a decrease in EBIT per kilo due to biological challenges.
The company expects continued high costs and very low volume in Iceland for the first half of 2025.

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

SALM.OL - SalMar ASA
Q4 2024 SalMar ASA Earnings Call(recording)
Feb 18, 2025 / 09:00AM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Good morning everyone and welcome to the presentation of Salmarsh results for the 4th quarter of 2024. My name is Freud Onsen, and I am the CEO of Salmar and today I'm joined as usual by our CFO Ulrich Steinwick.

At Salmoy, it is always about producing salmon on the salmon's terms. As 2024 has been a challenging year for Salmoy, but it's good to present the figures today where we see improvements in biological performance. This gives us a brighter outlook for the coming year compared to when we stood here several times last year.

The commitment, effort, and passion our employees have shown in 24 make me proud.

It has been demanding for all of us in various ways, especially for those who go out to sea every day to

Already have an account? Log in

Get the full story

Start 7-Day Free Trial

	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...

30-Day 100% money back guarantee

You are not charged until the trial ends. Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App 中文

Education

Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.