Arctic Fish had strong performance in the 3rd quarter of 2021. Already during
2021, the company has harvested and sold more salmon than in any year in the
history of the company. The company has harvested 8,542 tonnes so far this year
with a projected 11,500 tonnes to be the total harvested volume for the year.
The operational farming EBIT is 10.6 NOK pr kg and is the best performance
within the year of 2021 and 9% improvement in EBIT compared to the previous
quarter. The EBIT in the quarter is 27 MNOK and is 12 MNOK higher than in the
previous quarter. The EBIT, year to date until the end of the 3rd quarter is 115
MNOK and the net profit is 117 MNOK for the same period.
The price achievement in the quarter was the major driver for the good
operational farming EBIT with an average price achievement of 55 NOK pr. kg. for
sold salmon in the quarter. Sold salmon accounted for 161 MNOK in the quarter
and total revenue so far in 2021 amounts to around 430 MNOK.
The company will not have a formal presentation of the Q3 results and
performance. Management has although prepared a presentation to highlight the
operations in a presentation style document. The management offers shareholders
and investors the possibility to discuss the published documents, for further
information and scheduling of meetings contact: Neil Shiran Thorisson, CFO,
nst@afish.is, +354 8315300
Attached is the presentation document and report that can also be found at the
company website. https://www.arcticfish.is/investor-relations/ and
https://www.arcticfish.is/presentations/
