Nordic Halibut AS ( (DE:9K1) ) just unveiled an update.
Nordic Halibut AS reported a significant increase in sales prices and harvest weights in Q1 2025, reflecting strong market demand for its quality farmed halibut. The company achieved an average sales price of 193 NOK/kg HOG, marking an 18.5% year-on-year increase, and a harvest volume increase of 68% compared to Q1 2024. Additionally, Nordic Halibut has entered a strategic agreement with Pure Norwegian Seafood AS to utilize its processing facilities and has an option to acquire PNS shares, enhancing its control over the value chain. The company has also commenced construction of the Tingvoll production facility, a key component of its growth strategy, expected to be operational by 2027, supporting its goal of reaching an annual production of 10,350 tonnes HOG by 2031.
More about Nordic Halibut AS
Nordic Halibut AS is a prominent Atlantic halibut farming company based in Western Norway, with its headquarters in Averøy, Nordmøre. The company boasts a fully integrated value chain from genetics to sales and has achieved significant advancements in early phase production. It is focused on organic growth with a production target of 4,500 tonnes HOG by 2027 and 10,350 tonnes HOG by 2031.
YTD Price Performance: -4.52%
Technical Sentiment Signal: Strong Buy
Current Market Cap: €136M
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