Du är här

2016-02-16

Norway Royal Salmon ASA: Q4 15 - Strong result in the fourth quarter

Today Norway Royal Salmon (NRS) reports an operational EBIT of MNOK 91 for the
fourth quarter of 2015 and an EBIT per kg of NOK 12.63. Corresponding figures
for the same quarter last year are MNOK 59 and NOK 12.80. The board proposes
an ordinary dividend of NOK 2.60 per share,

- The reason for the good quarterly result is an improvement in production
costs in Region North compared to the previous quarter, as well as good
salmon prices. It is gratifying to see improvements in the biological key
performance indicators that have resulted in lower production costs, says CEO
Charles Høstlund.

For the financial year 2015 has NRS operating revenues of MNOK 3 211 and
achieved an operational EBIT of MNOK 202 and a profit before tax of MNOK 270.
Earnings per share before fair value adjustments was NOK 5.0 for 2015.

The result before tax for the fourth quarter is MNOK 214, after a gain on fair
value adjustments of MNOK 65 and a gain from financial assets of MNOK 50 were
recognized.

Cash flow from operational activities was MNOK 133 in the quarter and MNOK 340
for 2015. The Group's net interest bearing debt decreased by MNOK 60 to MNOK
499 during the quarter. Equity increased by MNOK 206 in the quarter to MNOK 1
187, which equates an equity ratio of 41.3 per cent.

Region North
Region North posted an operational EBIT of MNOK 98.9 in the quarter, compared
with MNOK 67.6 in the corresponding quarter last year. Operational EBIT per
kg gutted weight was NOK 14.54, compared with NOK 12.84 in the corresponding
quarter last year.

Region South
Region South posted an operational EBIT of MNOK 5.2 in the quarter, compared
with MNOK 1.8 in the corresponding quarter last year. Operational EBIT per kg
gutted weight was NOK 3.63, compared with NOK 11.40 in the corresponding
quarter last year.

NRS harvested 8 251 tonnes gutted weight during the quarter, 52 per cent more
than in the same quarter last year. 6 806 tonnes of the total volume was
harvested in Region North and 1 445 tonnes in Region South. Estimated harvest
volume for 2016 is 27 500 tonnes.

- NRS expects a significant build-up of biomass in 2016 because the Group will
start to utilise the green licenses, says Charles Høstlund.

20 558 tonnes was traded during the quarter and 69 971 tonnes was traded in
2015. This is the highest sold volume both for a quarter and for a year in
NRS's history. The sales business achieved an operational EBIT of MNOK 7.5 in
the second quarter.

The salmon price in the quarter is the highest spot price registered in a
fourth quarter for 20 years. The global supply growth is expected to be
negative in the area of 2 to 4 per cent for 2016 and in the long term the
global supply growth is expected to continue to be low. This provides the
basis for a positive market outlook for 2016 and in the long term for the
industry.

For more information, please contact:

* CEO Charles Høstlund, +47 994 18 449
* CFO Ola Loe, +47 911 79 411.

Norway Royal Salmon ASA in brief
Norway Royal Salmon ASA (NRS) is the majority shareholder in four fish farming
companies, which own a combined total of 35 production licenses, and is a
minority shareholder in three fish farming companies (associates) which
together own ten production licenses. NRS is an attractively positioned fish
farming group, which through an extensive network of collaborating
enterprises and in-house production units, offers salmon to the market
through its own sales organisation. For further details, please
visitwww.norwayroyalsalmon.com.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

NRS Q4 2015 Presentation
http://hugin.info/143262/R/1985903/728462.pdf
NRS Q4 2015 Report
http://hugin.info/143262/R/1985903/728461.pdf

---------------------------------------

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Norway Royal Salmon ASA via Globenewswire

HUG#1985903

Författare WKR

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.