Trond Håkon Schaug-Pettersen, CEO of Salmon Evolution.
Photo: Salmon Evolution.
Salmon Evolution reports strong results after first full year in operation
Norwegian land-based salmon producer Salmon Evolution has released its operational update to close the year 2023, reporting continuing strong results after its first full year in operation.
By 31 December, Salmon Evolution recorded a standing biomass of more than 2,200 tonnes (LW) and had all-time high net biomass production of 1,439 tonnes (LW) in the quarter, the company stated in a press release.
The company, which utilises a hybrid flow-through system to farm its fish, says it continues to see strong biological performance with good appetite and low mortality at Indre Harøy.
Salmon Evolution harvested a record high 1,104 tonnes (HOG) in the fourth quarter, with a 90% superior share and tight weight concentration.
“The market backdrop going into 2024 is highly attractive with record high salmon prices expected."CEO of Salmon Evolution, Trond Håkon Schaug-Pettersen.
Promising outlook for 2024
The outlook for 2024 keeps up this positive momentum, the company said, with harvest volumes in the first quarter of 2024 expected in the range of 800-1,000 tonnes (HOG) before "increasing significantly" from Q2 and onwards.
“The market backdrop going into 2024 is highly attractive with record high salmon prices expected," said CEO of Salmon Evolution, Trond Håkon Schaug-Pettersen.
"Salmon Evolution is well positioned to capitalize on this on back of a substantial increase in harvest volumes over the coming quarters, following a fully stocked farm at Indre Harøy," he said.
Salmon Evolution's full Q4 report will be released in February 2024, the company confirmed.