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    NRS   NO0010331838

NORWAY ROYAL SALMON AS

(NRS)
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Norway Royal Salmon : The future of sustainable salmon farming

10/05/2021 | 04:04am EST

The first sea cage in Norway Royal Salmon`s Arctic Offshore Farming project is now in place at its location in the remote areas north of Tromsø in Northern Norway.

Arctic Offshore Farming is the future of sustainable salmon farming.

The large cages are designed to operate in more remote and exposed areas, and can withstand a wave height of up to 13 meters.

- Through innovation and a willingness to invest in the remote weather-exposed areas in northern Norway, we have developed the next step for sustainable salmon farming. This will enable the use of more weather-exposed locations than is possible with current technology. Furthermore, this enable us to establish even better conditions for the salmon, says CEO Klaus Hatlebrekke in Norway Royal Salmon to the newspaper Nordlys.

The facility will consist of 2 cages. Each cage is 80 meters in diameter and 22 meters high. Together, the 2 cages will hold 1.2 million salmon

Disclaimer

Norway Royal Salmon ASA published this content on 05 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 October 2021 08:00:32 UTC.


ę Publicnow 2021
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Financials
Sales 2021 6 076 M 674 M 674 M
Net income 2021 717 M 79,6 M 79,6 M
Net Debt 2021 2 241 M 249 M 249 M
P/E ratio 2021 10,2x
Yield 2021 3,62%
Capitalization 7 287 M 804 M 809 M
EV / Sales 2021 1,57x
EV / Sales 2022 1,36x
Nbr of Employees 204
Free-Float 45,6%
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Norway Royal Salmon AS Technical Analysis Chart | NRS | NO0010331838 | MarketScreener
Technical analysis trends NORWAY ROYAL SALMON AS
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 4
Last Close Price 168,00 NOK
Average target price 223,75 NOK
Spread / Average Target 33,2%
EPS Revisions
Managers and Directors
Klaus Hatlebrekke Chief Executive Officer
Ola Loe Chief Financial Officer
Helge Gňs° Chairman
Trude Olafsen Director
Karl-Johan Bakken Director
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