{"id":5853,"date":"2022-11-16T08:30:00","date_gmt":"2022-11-16T08:30:00","guid":{"rendered":"https:\/\/www.arcticfish.is\/mfn_news\/q3-2022-an-investment-focused-quarter\/"},"modified":"2022-11-16T08:30:00","modified_gmt":"2022-11-16T08:30:00","slug":"q3-2022-an-investment-focused-quarter","status":"publish","type":"mfn_news","link":"https:\/\/www.arcticfish.is\/is\/mfn_news\/q3-2022-an-investment-focused-quarter\/","title":{"rendered":"Q3 2022: An investment focused quarter"},"content":{"rendered":"<pre>The company continued to invest in its growth projects, both the smolt expansion<br>in Talknafjordur and the harvesting facility in Bolungarvik. Total capital<br>expenditure amounted to 139 MNOK in the quarter. The company will also continue<br>to invest more in its growth projects over the next couple of months and thus<br>securing larger parts of the value chain, improving operational scale,<br>mitigating biological risk, and ultimately increasing overall competitiveness.<br>From an operational standpoint, market prices declined from the previous quarter<br>which resulted in the price achievement realized amounting to 58.9 NOK pr. kg in<br>the quarter. The production costs increased to 49.1 NOK pr. kg which is slightly<br>higher than the costs in the previous quarter. A farming EBIT margin of 9.8 NOK<br>pr. kg harvested was achieved which is slightly lower than the 10.6 NOK pr. kg<br>EBIT margin achieved in Q3 2021. <br>Within the quarter the company harvested 1,968 tonnes, a 32% decrease compared<br>to the same period last year. Revenues amounted to 116 MNOK and an operational<br>EBIT of 17 MNOK in the quarter was reached. <br>The company expects to harvest 9,400 tonnes of salmon throughout the year and a<br>total of 14,100 tonnes next year. <br><br>The presentation materials and an interim report are attached to this notice and<br>can also be found on the company website.<br>https:\/\/www.arcticfish.is\/investor-relations\/ and<br>https:\/\/www.arcticfish.is\/presentations\/<br>A recorded presentation is also available via the company website and questions<br>from investors should be sent to ir@arcticfish.is, and questions will be<br>answered as soon as possible and subsequently posted on the company website.<br>If investors want to schedule a meeting with management and for further general<br>information, please contact:<br>Neil Shiran Thorisson<br>Email: nst@afish.is<br>Tel: +354 8315300<br><\/pre>\n<div class=\"mfn-footer\"><\/div>\n<script>\n                Array.prototype.slice.call(document.querySelectorAll(\".mfn-footer.mfn-attachment\")).forEach(function (el) { el.remove() });\n            <\/script>\n        <div class=\"mfn-attachments-container\"><\/div>","protected":false},"excerpt":{"rendered":"<p>The company continued to invest in its growth projects, both the smolt expansionin Talknafjordur and the harvesting facility in Bolungarvik. Total capitalexpenditure amounted to 139 MNOK in the quarter. The company will also continueto invest more in its growth projects over the next couple of months and thussecuring larger parts of the value chain, improving [&hellip;]<\/p>","protected":false},"featured_media":0,"template":"","class_list":["post-5853","mfn_news","type-mfn_news","status-publish","hentry","mfn-news-tag-mfn-lang-en","mfn-news-tag-mfn-type-ir","mfn-news-tag-mfn","mfn-news-tag-mfn-regulatory"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Q3 2022: An investment focused quarter - &lt;\u00b0)))&gt;{<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"is_IS\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Q3 2022: An investment focused quarter - &lt;\u00b0)))&gt;{\" \/>\n<meta property=\"og:description\" content=\"The company continued to invest in its growth projects, both the smolt expansionin Talknafjordur and the harvesting facility in Bolungarvik. Total capitalexpenditure amounted to 139 MNOK in the quarter. The company will also continueto invest more in its growth projects over the next couple of months and thussecuring larger parts of the value chain, improving [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.arcticfish.is\/is\/mfn_news\/q3-2022-an-investment-focused-quarter\/\" \/>\n<meta property=\"og:site_name\" content=\"&lt;\u00b0)))&gt;{\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/www.arcticfish.is\/wp-content\/uploads\/2023\/11\/AF_primary_staflad-blatt-graent.png?fit=2048%2C1301&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"2048\" \/>\n\t<meta property=\"og:image:height\" content=\"1301\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.arcticfish.is\/mfn_news\/q3-2022-an-investment-focused-quarter\/\",\"url\":\"https:\/\/www.arcticfish.is\/mfn_news\/q3-2022-an-investment-focused-quarter\/\",\"name\":\"Q3 2022: An investment focused quarter - &lt;\u00b0)))&gt;{\",\"isPartOf\":{\"@id\":\"https:\/\/www.arcticfish.is\/#website\"},\"datePublished\":\"2022-11-16T08:30:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.arcticfish.is\/mfn_news\/q3-2022-an-investment-focused-quarter\/#breadcrumb\"},\"inLanguage\":\"is\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.arcticfish.is\/mfn_news\/q3-2022-an-investment-focused-quarter\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.arcticfish.is\/mfn_news\/q3-2022-an-investment-focused-quarter\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.arcticfish.is\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"MFN News Items\",\"item\":\"https:\/\/www.arcticfish.is\/mfn_news\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Q3 2022: An investment focused quarter\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.arcticfish.is\/#website\",\"url\":\"https:\/\/www.arcticfish.is\/\",\"name\":\"Arctic Fish\",\"description\":\"Sustainable Salmon Farming\",\"publisher\":{\"@id\":\"https:\/\/www.arcticfish.is\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.arcticfish.is\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"is\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.arcticfish.is\/#organization\",\"name\":\"Arctic Fish\",\"url\":\"https:\/\/www.arcticfish.is\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"is\",\"@id\":\"https:\/\/www.arcticfish.is\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/i0.wp.com\/www.arcticfish.is\/wp-content\/uploads\/2023\/11\/AF_primary_staflad-blatt-graent.png?fit=2048%2C1301&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/www.arcticfish.is\/wp-content\/uploads\/2023\/11\/AF_primary_staflad-blatt-graent.png?fit=2048%2C1301&ssl=1\",\"width\":2048,\"height\":1301,\"caption\":\"Arctic Fish\"},\"image\":{\"@id\":\"https:\/\/www.arcticfish.is\/#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Q3 2022: An investment focused quarter - &lt;\u00b0)))&gt;{","robots":{"index":"noindex","follow":"follow"},"og_locale":"is_IS","og_type":"article","og_title":"Q3 2022: An investment focused quarter - &lt;\u00b0)))&gt;{","og_description":"The company continued to invest in its growth projects, both the smolt expansionin Talknafjordur and the harvesting facility in Bolungarvik. 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