Statt Torsk ASA - First quarter 2023 Financial report
Stad/Oslo 11 May 2023
Best quarter on harvest and revenue, low price achievement
Operational highlights in the quarter:
o Sales MNOK 36,6
o Harvest 1,086 tons WFE
o Achieved price fell significantly below expectations, NOK 36 per kg/WFE
o Devaluation of biomass as a result of decreased price - MNOK 47 in 2022
o Q1 results negative MNOK 3,76 after fair value adjustments.
o Statt expects to harvest approx. 3,000 tons WFE in 2023 as a result of reduced
Gustave Brun-Lie, CEO of Statt Torsk ASA comments: "The prices obtained for the
products where we did not have long term agreement for were far too low.
Sometime even lower than prices for wild caught fish. There are many reasons for
this, but the fact is that we have not yet achieved our goal to differentiate
our product from the other white fish products. Still, we have all reasons to
believe that we will obtain higher prices throughout 2023"
For more information, contact:
Gustave Brun-Lie, CEO, [email protected]
Bjug Borgund, CFO, [email protected]
This stock exchange announcement was published by Bjug Borgund, CFO in Statt
Torsk ASA, on 11 May 2023 at 08:30 CET.