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Måsøval closes its 2022 annual report with several milestones but highlights the integration and consolidation of the acquisitions made in 2021. In addition, 2022 was its record year, achieving the company’s best record in all aspects except mortality rate. However, even so, Måsøval got a revenue of NOK 1 992 million, which generated an operating EBIT of NOK 693 million, more than double the previous year’s figure, and a harvest of 21 879 tonnes, equivalent to 2.6 million meals a week.

“We can again look back on a year full of significant events resulting in both operational and financial records,” said Helge Kvalvik, Chief Executive Officer of the Norwegian company Måsøval, and is a summary of their spectacular year.

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The Norwegian company concluded its annual report with these figures and with its focus on the future as a result of its strategic plans following the purchase of Pure Norwegian Seafood and the launch of its new salmon brand, Pure Princess. Furthermore, at the end of 2022, Måsøval’s position as a preferred partner was demonstrated by the agreement with Frøya Laks, through which they will manage 2,433 tons of MAB, which will provide them with more growth opportunities.

The “salmon tax” as their big deal

Nowadays, the biggest deal for the company foresees is the “salmon tax”. Måsøval explained that it led to “a substantial deterioration in the share price” and that, although they are expecting how it works, the uncertainty has made a difference to the company. This has also resulted in the suspension or cancellation of substantial investments.

However, it has not slowed down their harvesting operations, including a new closed harvesting yard at Averøy, which expects to have a larger volume in 2023. At Vartdal, they have also invested in automation and improved harvesting equipment. So the potential for 2023 is evident.

About Måsøval

Måsøval is an integrated producer of Atlantic salmon with more than 50 years of operational experience. Located in Central Norway in the region west of Trondheim, Måsøval has both significant farming operations at sea and in-house smolt production. Through its majority ownership in the processing and distribution company Pure Norwegian Seafood AS, Måsøval processes and exports high-quality Atlantic salmon to a global marketplace.

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