This morning, Måsøval announced its Q3 results. In accordance with a trading update, the Group reports a negative operational EBIT amounting to MNOK -61.
Helge Kvalvik, the Group CEO comments the quarter:
“Q3 was a challenging quarter for Måsøval. Higher sea temperatures than seasonal normal in our region resulted in high sea lice pressure, which hampered growth and elevated our delousing costs. Moreover, we experienced ISA on two sites in the quarter. Harvesting salmon with low weight, resulted in high cost and low prices. In the Sales & Processing segment we also reported a negative operational result, primarily driven by start-up costs at the harvesting facility TL52 at Hitra. Although it was a challenging quarter, it’s important to highlight the continuing positive trend in Region West, with improved biological performance yielding lower costs, higher superior shares, and increased harvest weights. Overall, the quarter provided valuable insights that further strengthened our approach.”
Looking ahead, the Group maintains its harvest guiding of 24 700-25 700 GWT for the full year 2024, while in 2025, the Group guides increased activity level with full year harvest of 29 000-31 000 GWT.
Måsøval's CEO Helge Kvalvik and CFO Anders Hagestande will present the results in Norwegian at 08:00 at Hotel Continental. The presentation can also be followed here.
For further details, view the full Q3 presentation and report.
