Andfjord Salmon AS (DE:50R) has released an update.
Andfjord Salmon AS is advancing on schedule with the Kvalnes expansion, aiming to boost its production capacity to 40,000 tonnes by 2030, following a successful NOK 350 million equity raise and strategic collaborations to supply post-smolt. The company’s innovative ‘post-smolt’ strategy is expected to increase EBIT by 15-25% while improving cash flow and offering environmental benefits. Despite these developments, Andfjord Salmon reported an operating loss of NOK 17 million in the first quarter of 2024.
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