Q3 2024 – Continued operational success

06 Nov 2024 06:30 CET

The third quarter of 2024 continues to maintain improved Operational EBIT pr. kg
results compared to prior year periods, as Q3 2024 was the third quarter in a
row that beats previous year’s results.

Harvested quantities in Q3 amounted to 3,407 tonnes compared to 4,383 tonnes for
the same period last year.

Operational EBIT pr. kg in Q3 amounted to 0.27 EUR pr. kg compared to 0.17 EUR
pr. kg last year.

Biological development and growth maintained steady levels.

Long-term harvest volume guidance for Arctic Fish of 25,000 tonnes in 2029 was
re-iterated.

The presentation materials are attached to this notice and can also be found on
the company website: https://www.arcticfish.is/investor-relations/
A recorded presentation is also available from 9:00 am CET (08:00 am GMT) via
https://www.arcticfish.is/webinar/ and questions can be sent to
ir@arcticfish.is.

Questions will be answered as soon as possible and subsequently posted on the
website.
For additional interest and questions regarding the Q3 results, meetings can be
requested with management.

For information, please contact:
Stein Ove Tveiten
Email: sot@afish.is
Tel: +354 843 9900
Baldur Smári Einarsson
Email: bse@afish.is
Tel: +354 690 1222
 

Arctic Fish in brief
Arctic Fish (AFISH) is a leading salmon farmer in Iceland with an attractive and
sustainable value chain from smolt to sales. The production capacity for the
company is 29,800 tonnes MAB (Maximum Allowed Biomass) and includes licenses
covering 11 farming areas in 6 different fjords, all located in the Westfjords
of Iceland. The company's value chain consists of a state-of-the-art RAS
hatching and smolt production facility, attractive sea sites with high bearing
capacity and high-energy equipment, and a newly completed harvesting facility
with sufficient capacity to secure the utilization of the licenses and growth
objectives for the company.

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

More information:
Access the news on Oslo Bors NewsWeb site

631314_Arctic Fish Q3 2024 presentation.pdf