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Total production in 2023 will grow from 215,000 tonnes to more than 280,000 tonnes, including 243,000 tonnes in Norway, 16,000 tonnes in Iceland and 43,000 tonnes from SSF (50
%) in Scotland, SalMar said.
%) in Scotland, SalMar said.
SalMar's third-quarter report shows that in 2022, SalMar acquired some new salmon assets and raised Norwegian production by 5,000 tons to 180,000 tons, Iceland production was basically flat, and SSF expected production was lowered by 8,000 tons
.
.
In the third quarter of this year, SalMar sold 53,600 tonnes of salmon, up 65% from the previous quarter, and earnings before interest and taxes (EBIT) rose 76% year-on-year to NOK 1.
31 billion
.
SalMar Central Norway produced approximately 36,000 tonnes and EBIT of NOK 977 million, up 63% year-on-year; Iceland production increased by 58% year-on-year and EBIT increased significantly from NOK 5 million to NOK 39 million; SSF production in Scotland declined, with EBIT down 41%
year-on-year.
However, due to cost inflation and fair value adjustments, SalMar's net income was approximately NOK 903 million, down 5%
year-on-year.
31 billion
.
SalMar Central Norway produced approximately 36,000 tonnes and EBIT of NOK 977 million, up 63% year-on-year; Iceland production increased by 58% year-on-year and EBIT increased significantly from NOK 5 million to NOK 39 million; SSF production in Scotland declined, with EBIT down 41%
year-on-year.
However, due to cost inflation and fair value adjustments, SalMar's net income was approximately NOK 903 million, down 5%
year-on-year.
SalMar expects production costs to rise further in the fourth quarter, with salmon contract orders accounting for about 35%.
In addition, due to the Norwegian "resource tax" bill, SalMar decided to suspend investment in Norwegian production areas, and some planned investment projects have also been cancelled
.
.
Frode Arntsen, CEO of SalMar, said: "Norway has submitted a proposal to increase the tax rate on farmed seafood from 22% to 62%, and no other country in the world has imposed this level of tax on food production
.
At the capacity and structural level, investment in Norwegian aquaculture will be transferred to other countries and other sectors, with a serious impact on innovation and investment along the Norwegian coast, meaning that investment capital in aquaculture and its related industries will be significantly confiscated
.
”
.
At the capacity and structural level, investment in Norwegian aquaculture will be transferred to other countries and other sectors, with a serious impact on innovation and investment along the Norwegian coast, meaning that investment capital in aquaculture and its related industries will be significantly confiscated
.
”
