Reported Q: Q4 2024 Rev YoY: -1.8% EPS YoY: -24.0% Move: -1.51%
SalMar ASA
SALM.OL
Kr.586.00 -1.51%
Exchange OSL Sector Consumer Defensive Industry Agricultural Farm Products
Q4 2024
Published: Dec 31, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for SALM.OL

Reported

Report Date

Dec 31, 2024

Quarter Q4 2024

Revenue

7.88B

YoY: -1.8%

EPS

7.60

YoY: -24.0%

Market Move

-1.51%

Previous quarter: Q3 2024

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Earnings Highlights

  • Revenue of $7.88B down 1.8% year-over-year
  • EPS of $7.60 decreased by 24% from previous year
  • Gross margin of 45.1%
  • Net income of 1.00B
  • "Frode Arntsen: 'Our focus is always forward... we must continue and strengthen the work SalMar has done since 1991.'" - Frode Arntsen
SALM.OL
SalMar ASA

Executive Summary

In Q4 2024, SalMar ASA reported revenues of NOK 7.88 billion, reflecting a year-over-year decline of 1.78% amidst challenging biological conditions. Notably, gross profit rose to NOK 3.55 billion, achieving a 73.74% increase from the same period the previous year, driven by operational EBIT of NOK 1.49 billion, representing a strong recovery due to improved biological performance as the year progressed. CEO Frode Arntsen emphasized the commitment to continuously enhance operational efficiency amid ongoing biological challenges presented by jellyfish and sea lice, ensuring a robust response through strategic investment in fish welfare technologies. This steadfast approach anchors SalMarโ€™s financial integrity, allowing for the proposed dividend of NOK 22 per share, underscoring confidence in maintaining value for shareholders as we enter fiscal 2025.

Key Performance Indicators

Revenue
Decreasing
7.88B
QoQ: 28.65% | YoY: -1.78%
Gross Profit
Increasing
3.55B
45.11% margin
QoQ: 8.42% | YoY: 73.74%
Operating Income
Decreasing
1.32B
QoQ: 12.22% | YoY: -24.02%
Net Income
Decreasing
1.00B
QoQ: 252.28% | YoY: -23.81%
EPS
Decreasing
7.60
QoQ: 245.45% | YoY: -24.00%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q4 2024 7,876.00 7.60 -1.8% View
Q3 2024 6,122.00 2.16 -18.5% View
Q2 2024 5,838.00 6.50 -1.0% View
Q1 2024 6,555.00 6.22 -3.5% View
Q4 2023 8,019.00 10.00 +25.2% View