Arctic Fish Holding AS (OSL:AFISH) Q2 2024 Earnings Call: Record Operational EBIT and EBIT per kg

Arctic Fish Holding AS (OSL:AFISH) reported a remarkable performance in the first half of 2024, with the best Operational EBIT and Operational EBIT per kg in the company's history. This article delves into the key factors driving this success and the strategic initiatives implemented to maintain and build upon these record-breaking results.

Operational EBIT amounted to 12 MEUR, and Operational EBIT per kg reached 3.17 EUR, marking a significant improvement from previous years. The company's biological performance played a crucial role in achieving these impressive figures. Arctic Fish reported steady growth, improved harvest average weight, and a high superior share, leading to a substantial increase in harvested quantities in Q2 2024.

The company's new harvesting facility contributed significantly to the increased harvested quantities. This state-of-the-art facility, with sufficient capacity to secure the utilization of licenses and growth objectives, enabled Arctic Fish to efficiently process and harvest its salmon. Additionally, favorable sea conditions and local environmental factors contributed to higher harvest yields.

Arctic Fish's strategic planning and operational management were instrumental in the significant increase in harvested quantities. The company's attractive and sustainable value chain, from smolt to sales, along with its state-of-the-art RAS hatching and smolt production facility, contributed to the record-breaking performance.

To maintain and build upon these record Operational EBIT and Operational EBIT per kg, Arctic Fish has implemented various strategic initiatives. The company is focused on optimizing its production capacity, enhancing feed utilization efficiency, and further improving its biological performance. By continuing to invest in technology, innovation, and sustainability, Arctic Fish aims to solidify its position as a leading salmon farmer in Iceland and beyond.

In conclusion, Arctic Fish Holding AS (OSL:AFISH) demonstrated exceptional performance in Q2 2024, with record Operational EBIT and Operational EBIT per kg. The company's biological performance, strategic initiatives, and investment in infrastructure played a significant role in this success. As Arctic Fish continues to focus on sustainability, innovation, and operational excellence, investors can expect the company to maintain and build upon its remarkable performance.