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After being fined last month for violating ISA virus control, now it has been convicted as a repeat offender for failing to report a veterinary treatment in time.

The value of the contract amounts to 30 million euros.

A court rejected the company's appeal and upheld the sanction even though it was proven there was an error by the Health Condition Certifier and the laboratory.

Pedro Courard, the current Managing Director, will be the new Chief Executive Officer of Atlantic Sapphire.

Presenting the Q4 results, CEO Nina Willumsen Grieg outlined the company's strategic shift from global growth to regional profitability, including land-based post-smolt investment.