The new high was, in part, due to reduced harvests during the quarter © Salmon Evolution
They also set a new production record of 1,624 tonnes, up 7 percent on the previous quarter, continuing the trend of steadily increasing production.
However, the company harvested a comparatively low 581 tonnes, including some post-smolt, in a bid to focus on biomass growth. The company states that its harvest volumes were also impacted by availability of harvest capacity, meaning that around 300 tonnes that were originally meant for March will be harvested early April.
Harvest weights were negatively impacted by issues in the quality of the smolts stocked in H1 last year and the need to restock new smolt groups within a short timeframe, requiring partial harvesting of certain groups at suboptimal weights.
Meanwhile they reported an all-in price realisation of NOK ~75/kg on harvested fish – a figure that was reduced by the need to harvest smaller fish.
The company’s new harvest guidance for 2025 has been updated to 5,800 – 6,200 tonnes, including post-smolt.
"We continue to see stable operations across the farm with strong biological KPIs. Coupled with a new production record in Q1 and also hitting our standing biomass target, we are very well positioned for continued operational improvement over the coming quarters,” said CEO Trond Håkon Schaug-Pettersen, in a statement.
