Trade Salmar - SALMnok CFD

Salmar Company profile

About SalMar ASA

SalMar ASA is a Norway-based company active in the fish farming and processing sector. The Company is primarily engaged in the production of farmed salmon. The Company, along with its subsidiaries, is organized into two business segments: Fish Farming and Sales & Processing. The Fish Farming segment is divided into three regions: fish farming in central Norway (SalMar Central Norway), which holds production licenses; fish farming in northern Norway (SalMar Northern Norway), which holds licenses for the production of farmed salmon, and fish farming elsewhere (Rauma Segment), which owns and operates marine-phase production licenses. The Sales & Processing segment sells the entire Company’s volume of harvested fish. The Company produces fry and smolt at six separate facilities. The Company’s subsidiaries include Salmar Settefisk AS, Salmar Farming AS, Salmar Nord AS and Salmar Processing AS, among others.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, SalMar ASA revenues increased 17% to NOK15.04B. Net income increased 32% to NOK2.62B. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from Fair value adjustment decrease from NOK179.5M (expense) to NOK596M (income), Income from investments in associates increase from NOK42.2M to NOK95M (income).