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CEO Trond Håkon Schaug-Pettersen says the land-based salmon farming company is "only at the start of our journey," as it makes a profit for the first time, achieving NOK 40/kg EBITDA in Q1 2024.

By the end of March, the Norwegian land-based salmon farmer has reached its historical maximum of standing biomass, with almost 2,700 tons.

The Norwegian land-based salmon farming company plans to expand globally, with hybrid flow-through facilities in North America and South Korea.

The land-based firm celebrates "significant milestone" as operational EBITDA for its farming segment breaks even for the first time. "We are on track for a very promising quarter," says CEO.

The Norwegian land-based salmon farmer reports it ended 2023 with an all-time high biomass and record harvest volumes in Q4.

Norwegian land-based farmer Salmon Evolution, which uses a hybrid flow-through system, expects to significantly ramp up harvest volumes in the fourth quarter.