Salmon Evolution ASA (OSL:SALME)
kr 6.07 -0.050 (-0.82%) Market Cap: 2.81 Bil Enterprise Value: 3.42 Bil PE Ratio: 0 PB Ratio: 1.30 GF Score: 50/100
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Q1 2025 Salmon Evolution ASA Earnings Call Transcript

May 13, 2025 / 06:00 AM GMT
Release Date Price: kr6.05 (-2.89%)

Key Points

Positve
  • Salmon Evolution ASA (FRA:60E) achieved a new production record in Q1 2025, with over 1,600 tons produced, marking a 7% increase from the previous quarter.
  • The company reported an all-time high biomass of more than 2,900 tons, up 45% from Q4 2024, aligning with their targeted run rate level.
  • Phase two of their expansion is progressing on time and on budget, with completion expected in 10 months, which is anticipated to significantly enhance production capacity.
  • The company has maintained exceptionally low mortality rates, with figures dropping to 1.7% in April, well below their target range of 3-5% per annum.
  • Salmon Evolution ASA (FRA:60E) has a strong operational platform and infrastructure investments that position them well for future growth and cost leadership.
Negative
  • The company experienced a weaker-than-expected salmon market due to a massive supply increase, impacting revenues and resulting in a negative group EBITDA of 4.1 million Norwegian kroner.
  • Harvest volumes in Q1 were lower than anticipated due to logistical issues and suboptimal harvest weights, partly caused by small quality issues from the previous year.
  • Salmon prices have been lower than expected, affecting profitability, with the company noting a significant drop from the previous year's prices.
  • The geopolitical uncertainty and tariffs have dampened salmon prices, posing challenges for the company's financial performance.
  • The company faces regulatory uncertainties in North America and Korea, which could delay potential expansion projects and impact future growth opportunities.


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

SALME.OL - Salmon Evolution ASA
Q1 2025 Salmon Evolution ASA Earnings Call
May 13, 2025 / 06:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning everyone and welcome to this presentation of salmon Evolution's results for the first quarter. My name is Trunhokonske Patasen. I'm the CEO of the company, and with me here today. I also have our CFO Tron Vsat by. There's a lot of things going on in SAM evolution at the moment, and, as you can see from the picture here, construction of phase two is progressing.

Very well, we know only 10 months until we take the first tanks into operation. We are also very satisfied with our continued operational development and really see that our performance is improving day by day and month by month and hence we believe that we are on a very good track at the moment.

So, we will start the presentation by going
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