Arctic Fish continued its strong performance in the 4th quarter of 2021. The
company harvested and sold more salmon than in any prior year in the history of
the company. Harvesting a total of 11,500 tonnes throughout the year and
therefore increasing volumes by 54% year over year and harvesting 2,900 tonnes
in the quarter.
The operational farming EBIT amounted to 10.1 NOK pr. kg. The operational EBIT
in the quarter amounted to 27.5 MNOK and increased by 40 MNOK year over year.
For the year the EBIT amounted to 128 MNOK, with the net profit reaching 152.5
MNOK.
The price achievement in the quarter was the major driver for the good
operational farming EBIT with an average price achievement of 56.6 NOK pr. kg.
for sold salmon in the quarter, compared to an average price achievement of 38.2
NOK pr. kg in Q4 2020. The company throughout the year 2021 had already
established competitive production costs, which can also be attributed to the
success seen for the year.
Revenues accounted for 166 MNOK in the quarter and total revenue for the year
amounted to 595.9 MNOK.
The company will have a formal presentation of the Q4 results and performance.
The management offers shareholders and investors, as well as the general public
the possibility to discuss the published documents through the webcast the
company will host at 09:00 am GMT // 10:00, am CET on the 23rd of February 2022.
The link to the webcast can be found in the prior announcement or on the
company website.
The presentation materials and an interim report are attached to this notice and
can also be found on the
company website. https://www.arcticfish.is/investor-relations/ and
https://www.arcticfish.is/presentations/
For further information contact: Neil Shiran Thorisson, CFO,
nst@afish.is, +354 8315300
