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    KING ME   NL00150001S5

THE KINGFISH COMPANY N.V.

(KING ME)
  Report
Real-time Quote. Real-time Oslo Bors - 09/24 10:18:08 am
23 NOK   -2.13%
09/01KINGFISH N : The Kingfish Company - Interim H1 Report 2021
AQ
08/18KINGFISH N : Financial calendar
AQ
07/07KINGFISH N : The Kingfish Company - Business update Q2'21
AQ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Kingfish N : The Kingfish Company - Business update Q2'21

07/07/2021 | 02:01am EDT
The Kingfish Company [Euronext: KING] secures final water side permit for US
farm in Maine, reports Q2 2021 record sales, production and harvest levels, and
achieves higher sales prices while production capacity ramps up.

Despite increased harvest levels, the company's current production capacity is
sold out. Further expansion of its facility in The Netherlands and the
development of a new site in Maine, US is progressing as planned.

"We are proud of our team which has delivered over three years of successful and
continuous system operation. In the second quarter, we have seen improved output
from our hatcheries and record production in The Netherlands, achieved a major
milestone in the development of our US farm in Maine by securing the second and
final water side permit, and launched retail ready branded products with Whole
Foods Market and Albert Heijn", said Ohad Maiman, CEO of The Kingfish Company.

In Q2 2021 the company set a new production record with 268 tons growth, an
increase of 17 percent over the previous quarter. Stocking of the new system was
completed in Q2, bringing total installed capacity to 1,250 tons per year.
Productivity was 0.62 kg per cubic meter per day, down from 0.70 the previous
quarter as significant newly stocked system capacity matures.

Compared with Q1 2021, total sales in Q2 2021 grew 56 percent in revenue to EUR
2.3 million, and 42 percent to 197 tons in whole fish equivalents.

For more information
Please see the attached Q2 2021 business update.

The Kingfish Company will present the business update to investors, analysts,
and media on Wednesday July 7th, 2021 at 16:00 CEST. 
The online presentation will be followed by a Q&A session. Both will be hosted
by the company's CEO Ohad Maiman, CFO Christo du Plessis and COO Kees Kloet.

Call in details
https://teams.microsoft.com/l/meetup-join/19%3ameeting_NmY3ZGZiZmMtNGI2OS00NTVmL
ThhMDgtNzAxZTljM2ZlNjYx%40thread.v2/0?context=%7b%22Tid%22%3a%22ee3cd676-f234-4b
bf-813c-8a2632f00850%22%2c%22Oid%22%3a%2201d2f99c-9d10-4df2-acd7-34b036bb822a%22
%7d

For media and investor inquiries, please contact
press@the-kingfish-company.com
ir@the-kingfish-company.com

Company News feed
https://www.the-kingfish-company.com/news

About The Kingfish CompanyThe Kingfish Company is a pioneer and leader in sustainable land-based
aquaculture. Current annual production capacity at its Kingfish Zeeland facility
in the Netherlands is 1,250 tons of high quality and high value Yellowtail
Kingfish.

Expansion is underway and capacity in the Netherlands will reach 3,000 tons in
the second half of 2022. In the US, permitting for the company's 6,000 - 8,000
tons capacity facility is progressing as planned, with production start
scheduled for second half of 2023.

Production is based on advanced recirculating aquaculture systems (RAS), which
protect biodiversity and ensure bio security. Animal welfare is paramount, and
the fish is grown without use of antibiotics and vaccines. Operations run on 100
percent renewable energy, sourced from wind, solar and biogas. The company's
facilities operate on sea water, avoiding wasting of precious fresh water.

The Kingfish Company's main product at present, the Yellowtail Kingfish (also
known as Ricciola/Hiramasa/Greater Amberjack) is a highly versatile premium fish
species, well known in the Italian and Asian fusion cuisines.

Its products are certified and approved as sustainable and environmentally
friendly by Aquaculture Stewardship Council (ASC), Best Aquaculture
Practices(BAP) and British Retail Consortium (BRC). It was the winner of the
2019 Seafood Excellence Award, and it is recommended as green choice by Good
Fish Foundation.

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange

All news about THE KINGFISH COMPANY N.V.
09/01KINGFISH N : The Kingfish Company - Interim H1 Report 2021
AQ
08/18KINGFISH N : Financial calendar
AQ
07/07KINGFISH N : The Kingfish Company - Business update Q2'21
AQ
07/07The Kingfish Company N.V. Announces Revenue Results for the Second Quarter of 2021
CI
07/07The Kingfish Company Announces Production Results for the Second Quarter of 2021
CI
07/05KINGFISH N : The Kingfish Company appoints Vice President of Sales, US
AQ
07/05The Kingfish Company Hires Lauren Enz as Vice President of Sales, US
CI
06/29KINGFISH N : The Kingfish Company to host business update on 07/07/2021
AQ
06/28Kingfish Unit Wins Final Permit For Land-Based Aquaculture Facility In US
MT
06/28THE KINGFISH COMPANY N.V. : - Kingfish Maine Secures Critical Permit
AQ
More news
Financials
Sales 2021 8,74 M 10,2 M 10,2 M
Net income 2021 -7,28 M -8,54 M -8,54 M
Net Debt 2021 29,0 M 34,0 M 34,0 M
P/E ratio 2021 -21,3x
Yield 2021 -
Capitalization 155 M 181 M 181 M
EV / Sales 2021 21,0x
EV / Sales 2022 15,6x
Nbr of Employees 93
Free-Float 35,8%
Chart THE KINGFISH COMPANY N.V.
Duration : Period :
The Kingfish Company N.V. Technical Analysis Chart | KING ME | NL00150001S5 | MarketScreener
Technical analysis trends THE KINGFISH COMPANY N.V.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 1
Last Close Price 2,29 €
Average target price 3,32 €
Spread / Average Target 45,2%
EPS Revisions
Managers and Directors
Ohad Maiman Chief Executive Officer
Christo du Plessis Chief Financial Officer
Johannes Cornelius A den Bieman Chairman
Kees Kloet Chief Operating Officer
Janneke van der Linde Head-Sales & Marketing
Sector and Competitors