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An announcement from Icelandic Salmon AS ( (DE:I6X) ) is now available.
Icelandic Salmon faced significant challenges in the first quarter of 2025, including biological setbacks and a weaker market due to increased global supply and lower prices. These factors led to early harvesting at lower weights, resulting in reduced operating income and a negative operational EBIT. Despite these difficulties, the company is focusing on building biomass and expects improvements in the latter half of the year. Efforts are ongoing to reinstate a revoked license and expand operations, while maintaining strong demand in North America and Europe.
More about Icelandic Salmon AS
Icelandic Salmon AS, the parent company of Arnarlax and its subsidiaries, is a leading entity in the salmon farming and processing industry in Iceland. The company is fully integrated, managing the entire value chain from egg to market delivery, and is dual-listed on the Euronext Growth in Oslo and NASDAQ First North in Reykjavík.
Average Trading Volume: 1,508
Current Market Cap: NOK3.34B
Learn more about I6X stock on TipRanks’ Stock Analysis page.