Quick answer: latest quarter results, by ticker or company name

Reported Q: Q4 2023 Rev YoY: +25.2% EPS YoY: +814.3% Move: -1.77%

SalMar ASA

SALM.OL

Kr.582.50 -1.77%

Exchange OSL Sector Consumer Defensive Industry Agricultural Farm Products

Q4 2023

Published: Dec 31, 2023

Company Status Snapshot

Fast view of the latest quarter outcome for SALM.OL

Reported

Report Date

Dec 31, 2023

Quarter Q4 2023

Revenue

8.02B

YoY: +25.2%

EPS

10.00

YoY: +814.3%

Market Move

-1.77%

Previous quarter: N/A

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Earnings Highlights

Revenue of $8.02B up 25.2% year-over-year
EPS of $10.00 increased by 814.3% from previous year
Gross margin of 25.5%
Net income of 1.32B
""Our people put in an enormous effort when such events occur... as CEO, I am proud of this, and it shows what resides within us."" - Frode Arntsen

SALM.OL

SalMar ASA

Period Q4 2023

Currency NOK

Report Type Quarterly Earnings

Generated Feb 10, 2026

Executive Summary

In the fourth quarter of 2023, SalMar ASA reported significant financial results with a total revenue of NOK 8.02 billion, marking a 25.2% year-over-year growth, driven by record-high harvest volumes despite challenges such as jellyfish impacts in Northern Norway and biotic stress in Iceland. The net income surged to NOK 1.32 billion, a substantial turnaround compared to the same quarter last year and year-to-date earnings show impressive growth largely attributed to strategic acquisitions and operational efficiency improvements. Management is optimistic about continuing this positive trend into 2024, projecting a reduced yet robust harvest guidance, addressing operational challenges while maintaining strong pricing and demand for salmon in global markets.

Key Performance Indicators

Revenue

Increasing

8.02B

QoQ: 6.75% | YoY: 25.19%

Gross Profit

Increasing

2.05B

25.50% margin

QoQ: -56.97% | YoY: 24.02%

Operating Income

Increasing

1.74B

QoQ: -34.36% | YoY: 537.83%

Net Income

Increasing

1.32B

QoQ: 32.44% | YoY: 844.65%

EPS

Increasing

10.00

QoQ: 107.90% | YoY: 814.29%

Revenue Trend

Margin Analysis

Financial Highlights

Revenue: NOK 8.02 billion (QoQ increase of 6.75%, YoY increase of 25.19%)
Net Income: NOK 1.32 billion (QoQ increase of 32.44%, YoY increase of 844.65%)
EBIT Margin: NOK 2.16 billion total operational EBIT at a margin of NOK 26 per kilo (decrease from previous quarter due to increased costs)
EPS: NOK 10.00 (significant increase from previous year's results)
Key changes were attributed to operational challenges leading to increased costs and some negatively impacting volume in Northern Norway and Iceland, which resulted in significant one-off effects contributing to overall elevated cost levels.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	8.02B	25.19%	6.75%
Gross Profit	2.05B	24.02%	-56.97%
Operating Income	1.74B	537.83%	-34.36%
Net Income	1.32B	844.65%	32.44%
EPS	10.00	814.29%	107.90%

Key Financial Ratios

Gross Profit Margin

Fair

25.50%

Gross profit margin is moderate, room for improvement in cost management

Operating Profit Margin

Good

21.70%

Operating margin is healthy and competitive within industry standards

Net Profit Margin

Good

16.40%

Net profit margin is healthy and competitive within industry standards

Return on Assets

Weak

2.47%

Return on assets suggests inefficient capital allocation

Return on Equity

Fair

6.62%

Return on equity is acceptable but below top-tier companies

Current Ratio

Healthy

1.82

Current ratio shows adequate liquidity to meet short-term obligations

Debt to Equity

Elevated

0.72

Debt-to-equity shows significant leverage, monitor debt levels

P/E Ratio

Value

14.23x

P/E ratio suggests potential undervaluation or stable earnings

Price to Book

Premium

3.77x

Trading at premium to book value, reflects strong intangibles or growth

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
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

SalMar ASA (SALM.OL) Q4 2023 Earnings Report

Company Status Snapshot

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

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