SalMar ASA (SALRY) Q1 2026 Earnings Call Prepared Remarks Transcript
SalMar ASA (SALRY) Q4 2025 Earnings Call Prepared Remarks Transcript
SalMar ASA guidance will be tough to meet this year, we believe, based on some early data, but more importantly on reports of emerging biological threats of sea lice and jellyfish. These being difficult to predict, unforeseen and relatively recent news might bode badly for the incoming Q3, but even more so for the Q4 results which contain this beleaguered period. We see challenges on the horizon that could impact the efficiency and flexibility of salmon harvests.
SalMar saw improvements in Scottish businesses, but faced biological issues in Northern Norway and Iceland impacting volumes and profits. Despite plans to organically grow operational EBIT to get ahead of the higher taxes, we think environmental conditions will see them fall a little short for this year. Jellyfish effects are forcing less efficient harvest and hampering profits.