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Nordic Halibut AS ( (DE:9K1) ) has shared an update.
Nordic Halibut AS reported a notable 12% increase in achieved price levels for Q4 2024, reaching 183 NOK/kg HOG, supported by higher average harvest weights and improved biomass performance. Despite a delay in one of the production batches in 2024, the company foresees a catch-up effect in 2025, backed by the new Tjeldbergodden facility, aiming for a release target of 1.2 million individuals, reflecting positive implications for future production targets and stakeholder value.
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 operates a fully integrated value chain from genetics to sales and has achieved significant advancements in early-phase production. It has set ambitious growth targets, aiming to increase production to 4,500 tonnes HOG by 2027 and 10,350 tonnes HOG by 2031, focusing on value-driven organic growth.
YTD Price Performance: -4.44%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €70.65M
For an in-depth examination of 9K1 stock, go to TipRanks’ Stock Analysis page.
