Harvested quantities in Q1 2024 amounted to 2,531 tonnes compared to 4,866
tonnes for the same period last year, or a decrease of 48% YoY. Revenues in the
quarter amounted to 24.1 MEUR, compared to 39.0 MEUR for the same period last
year. Biological performance was good with growth beyond expectations on
seasonally low temperatures.
CAPEX investments amounted to 5.0 MEUR in the quarter and were mainly related to
growth investments in seawater-based equipment for new sites.
The company received a license for 8,000 tonnes in Ísafjarðardjúp. The new total
MAB capacity for Arctic Fish is 29,800 tonnes.
The presentation materials are attached to this notice and can also be found on
the company website: https://www.arcticfish.is/investor-relations/
A recorded presentation is also available from 10:00 am CEST (08:00 am GMT) via
https://www.arcticfish.is/webinar/ and questions can be sent to
ir@arcticfish.is. Questions will be answered as soon as possible and
subsequently posted on the website.
For additional interest and questions regarding the Q1 results, meetings can be
requested with the management.
For information, please contact:
Stein Ove Tveiten
Email: sot@afish.is
Tel: +354 843 9900
Baldur Smári Einarsson
Email: bse@afish.is
Tel: +354 690 1222
Arctic Fish in brief
Arctic Fish (AFISH) is a leading salmon farmer in Iceland with an attractive and
sustainable value chain from smolt to sales. The production capacity for the
company is 29,800 tonnes MAB (Maximum Allowed Biomass) and includes licenses
covering 13 farming areas in 6 different fjords, all located in the Westfjords
of Iceland. The company's value chain consists of a state-of-the-art RAS
hatching and smolt production facility, attractive sea sites with high bearing
capacity and high-energy equipment, and a newly completed harvesting facility
with sufficient capacity to secure the utilization of the licenses and growth
objectives for the company.
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.