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Icelandic Salmon AS Earnings Release 2020
3632_rns_2021-02-25_e3a4d6cd-c33e-498e-87b7-0260fb2cbfea.pdf
Earnings Release
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Icelandic Salmon
| Q4 2020 | Q4 2019 | FY 2020 | FY 20191 | |
|---|---|---|---|---|
| Operating income (NOKm) | 173 | 165 | 662 | 627 |
| Operational EBIT (NOKm) | -20 | 27 | -50 | 100 |
| Operational EBIT % | -11.3 % | 16.3 % | -7.6 % | 16.0 % |
| Harvested volume (tgw) | 3.6 | 2.6 | 11.2 | 9.8 |
| EBIT/kg | -5.51 | 10.35 | -4.49 | 10.21 |
1) Consolidated results from February 2019
Harvest volume (1,000 tons) EBIT/kg (NOK)
- Successful private placement and listing on Euronext growth in October 2020
- As expected, negative result due to low price achievement
- Result for the period negatively impacted by one-off costs and costs related to the share issue / listing process (3,70 NOK/kg)
- Positive cost development driven by improved biological performance
- Started harvesting of 2019 generation with lower cost level
- Expect slightly higher volume and stable cost level in Q1 2021
- Continue harvesting from 2019 generation
- Improved biological status of fish in sea
- Expect to harvest 14,000 tons in 2021
- Positive signals for new licenses in Ísafjarðardjúp, 10,000 MAB tons
