SalMar ASA group's operational EBIT for the second quarter of 2022 is up to 29%. In other words, a total of NOK 1,048 million (NOK 32.35 per kg). This excludes costs connected to lawsuits in North America amounting to NOK 164 million.
Besides, the company's report indicates that the total operational EBIT for Norway for the second quarter was NOK 952 million. Because of high salmon prices, record results were obtained from Fish Farming Central Norway and Northern Norway
In more detail, SalMar posted an operating profit of NOK 2,461 million in the second quarter of 2022. An increase from NOK 1,340 million in the previous quarter. Also, an increase from NOK 1,040 million in the same period in 2021.
On the contrary, operating revenues amounted to NOK 4,172 million in the same quarter, compared with NOK 4,682 million in the first quarter and NOK 3,168 million in the second quarter of 2021. Thus, the Group harvested 32,400 tonnes of salmon. Less compared with 45,000 tonnes in the first quarter of 2022 and 36,600 tonnes in the second quarter of 2021.
Furthermore, the total incomes from investments in associates and joint ventures were NOK 119 million in the period. More compared with NOK 100 million in the first quarter and NOK 50 million in the second quarter of 2021.
For example, the main part of this contribution came from SalMar's share of the profit after tax from Norskott Havbruk, which was NOK 122 million in the quarter.
To sum up, Linda L. Aase, CEO of SalMar said: "In the second quarter, our many dedicated employees continued to deliver impressive performance and products of excellent quality. Our consistent and relentless efforts to operate on the terms of the salmon and with a sustainability mindset in everything we do, have again proved to be a successful recipe."
"Our financial results were of course also supported by high salmon prices in the market. Although this fortunate market situation weakens the financial results in Sales and Industry due to profitability on contracts," Aase added.
