Capital Com MENA Securities Trading LLC is regulated by the Capital Market Authority.
Open platformOpen platform

SalMar Q3 operational EBIT tops estimates on record volume

By Reuters News


Overview

  • Norway salmon producer's Q3 operational EBIT beat analyst expectations

  • Company achieved record-high Q3 harvest volume, driven by strong biological performance

  • Company reduced net interest-bearing debt and strengthened financial position


Outlook

  • SalMar expects slightly lower cost level in Q4 2026 compared to Q3 2026

  • SalMar maintains 2026 harvest volume guidance at 347,000 tonnes

  • SalMar expects 2027 harvest volume of 348,000 tonnes


Result Drivers

  • HARVEST VOLUME - Record-high harvest volume driven by strong biological performance

  • LOWER COSTS AND PRICE ACHIEVEMENT - Co said lower cost levels and improved price achievement contributed positively to results

  • SALES & INDUSTRY - Strong results from Sales & Industry attributed to record-high volumes through processing facilities and improved operational performance


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Operational EBIT

Beat

NOK 1.61 bln

NOK 1.56 bln (9 Analysts)


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 8 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the food processing peer group is "buy"

  • Wall Street's median 12-month price target for SalMar ASA is NOK620.00, about 7.1% above its November 2 closing price of NOK579.00

  • The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 15 three months ago


Reuters Recommended Reads

  • Nov 2 - Fish farmer Bakkafrost Q3 operational EBIT rises on FOF segment growth


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.