{"id":5826,"date":"2024-02-14T05:30:00","date_gmt":"2024-02-14T05:30:00","guid":{"rendered":"https:\/\/www.arcticfish.is\/mfn_news\/arctic-fish-afish-q4-2023-all-time-high-harvesting-quantities-in-2023\/"},"modified":"2024-02-14T05:30:00","modified_gmt":"2024-02-14T05:30:00","slug":"arctic-fish-afish-q4-2023-all-time-high-harvesting-quantities-in-2023","status":"publish","type":"mfn_news","link":"https:\/\/www.arcticfish.is\/is\/mfn_news\/arctic-fish-afish-q4-2023-all-time-high-harvesting-quantities-in-2023\/","title":{"rendered":"Arctic Fish (AFISH): Q4 2023 – All time high harvesting quantities in 2023"},"content":{"rendered":"
Harvested quantities in Q4 2023 amounted to 2,529 tonnes compared to 1,343
tonnes for the same period last year, or an increase of 88% YoY. 2023 therefore
marks an all-time high in harvested volumes where the company harvested a total
of 11,878 tonnes. 
Revenues in the quarter amounted to 18.9 MEUR, compared to 9.6 MEUR for the same
period last year. Biological production performed as expected after a difficult
Q3 and autumn where lice issues persisted as previously reported. 
CAPEX investments amounted to 5.7 MEUR in the quarter and were mainly related to
the finishing stages of the harvesting facility. Minor investments were made in
farming and other smaller smolt production investments. 
Baldur Smári Einarsson was appointed as the new CFO of Arctic Fish having served
as Financial Controller for the company since October 2019.  
John Gunnar Grindskar was appointed as COO of Farming, which is a new position
at Arctic Fish. John is a highly experienced seawater executive that has worked
in various seawater related positions at Mowi in different regions in Norway.

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\/ 
A recorded presentation is also available from 09:00 am CET (08:00 am GMT) via
https:\/\/www.arcticfish.is\/webinar\/ and questions can be sent to
ir@arcticfish.is. Questions will be answered as soon as possible and
subsequently posted on the website. 
For additional interest and questions regarding the Q4 results, meetings can be
requested with the management.  
For information, please contact:
Stein Ove Tveiten
Email: sot@afish.is
Tel: +354 843 9900
Baldur Smári Einarsson
Email: bse@afish.is
Tel: +354 690 1222
 
Arctic Fish in brief
Arctic Fish (AFISH) has 27,100 tonnes of Maximum Allowed Biomass licenses (MAB)
to farm salmon and trout. The licenses are in the Westfjords of Iceland. Out of
the total license volume, 5,300 tonnes are for trout, which are not currently
being utilized and will be converted to salmon licenses in the ongoing
application process. Arctic Fish is one of the leading salmon farmers in Iceland
and has an attractive and sustainable setup of licenses with active licenses in
4 fjords and applications being finalized in one additional fjord that can bring
the total volume up to 31,900 tonnes in the coming years. The company owns a
state-of-the-art RAS hatching and smolt production facility that is the
foundation of the operations and recently completed investments in its
harvesting facility to obtain a larger part of the value chain that will
contribute to the future growth of the company. 

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act
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