Badly timed harvest costs SalMar; Arnarlax ends 2019 strong
February 27, 2020
Norwegian-headquartered salmon farmer SalMar ASA delivered total operational earnings before interest and taxes (EBIT) of NOK 658.1 million (USD 70.1 million, EUR 64.4 million) in the fourth-quarter of last year, down from NOK 934.8 million (USD 99.6 million, EUR 91.5 million) in Q4 2018.
Delivering the group’s latest results, SalMar CEO Gustav Witzøe said the fourth-quarter was “weaker than expected,” and …
Photo courtesy of SalMar