Business and Financial Review • Feb 12, 2022
Business and Financial Review
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Biological challenges in Dyrafjordur
Arctic Fish has been experiencing severe biological issues in two of its sites in Dyrafjordur, Iceland. The total estimation of mortality is under review but is estimated to be 1.5-2.0 thousand tonnes of large size fish that was ready for the market. All efforts are being made to handle this efficiently, which include speeding up harvesting in these two sites in the coming weeks. Our excellent employees have made great efforts in handling the situation in the best possible manner.
The main root cause for the mortality is related to reduced fish health, which could have been caused by stress due to handling. Secondary complications related to limitations on harvesting capacity may also have impacted the fish health.
This event will have an impact on the results in Q1 of 2022 as well as the harvesting estimates for the year.
Further clarification regarding material effects of the event will be addressed in the presentation of the Q4 results on the 23rd of February 2022.
Contacts:
Stein Ove Tveiten, CEO, [email protected], +354 8439900
Neil Shiran Thorisson, CFO, [email protected], +354 8315300
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