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Despite the harvest rise, various biological problems increased costs and weighed on prices, causing the group's operating EBIT to fall by almost 80%.

Although the company managed to close the year with an increase in total harvest volume, Q4 figures were negative in almost all indicators.

Faced with a weaker operating result than expected, the Norwegian salmon farmer had already issued a profit warning to its investors.

The Norwegian salmon farmer, which had already announced its trading update for Q3 2024 earlier this month, issued a new statement to warn its investors.

This is compared to last year and after lowering its harvest estimate for the year 2024 following cases of infectious salmon anemia in Frøya.

"Disappointed with the court's conclusions ," says CEO, after salmon farming firm's compensation from the Norwegian state is slashed from NOK 12.8 million to NOK 2.3 million.