Mr. Vidar Aspehaug is Interim Chief Executive Officer of Kaldvik AS from August 14, 2025. He joined the Kaldvik in 2022 and has been part of the Company's executive management for the last three years, wit...

Board Members

Name	Position	Tenure	Compensation	Ownership
Asle Ronning	Chairman	3.4yrs	€24.80k	no data
Renate Larsen	Director	less than a year	no data	no data
Martin Staveli	Director	3.4yrs	€24.80k	no data
Lars Masoval	Deputy Director	2.4yrs	no data	no data
Hege Dahl	Director	2.4yrs	€24.80k	no data
Einar Sigurosson	Director	2.4yrs	€24.80k	no data

2.4yrs

Average Tenure

Experienced Board: KLDVK's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/11/13 17:34
End of Day Share Price	2025/11/13 00:00
Earnings	2025/06/30
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Kaldvik AS is covered by 7 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
null null	ABG Sundal Collier
Martin Karlsen	DNB Carnegie
Stein Aukner	DNB Carnegie

Kaldvik Management

Management criteria checks 0/4

Key information

Recent management updates

Kaldvik AS, Annual General Meeting, Jun 05, 2026

Kaldvik AS Appoints Renate Larsen as Board Member

Kaldvik AS Announces Resignation of Aðalsteinn Ingólfsson as Board Member

Ice Fish Farm AS Announces CEO Changes

Ice Fish Farm AS Announces Resignation of Guðmundur Gíslason as CEO

Ice Fish Farm Approves Election of Hege Dahl as Board Member

Recent updates

Kaldvik AS has completed a Follow-on Equity Offering in the amount of NOK 0.14889 million.

Second quarter 2025 earnings released: €0.12 loss per share (vs €0.055 loss in 2Q 2024)

Kaldvik AS Revises Production Guidance for the Year 2025

Kaldvik AS announced that it has received NOK 532.1547 million in funding from Eskja Holding Ehf, Austur Holding As, Laxar eignarhaldsfélag ehf., Ar-Invest As and other investors

New major risk - Shareholder dilution

Kaldvik AS has filed a Follow-on Equity Offering in the amount of NOK 60.2 million.

Kaldvik as Provides Operating Guidance for the Second Quarter of 2025 and Maintains Operating Guidance for the Full Year 2025

Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

New major risk - Share price stability

More Unpleasant Surprises Could Be In Store For Kaldvik AS' (OB:KLDVK) Shares After Tumbling 26%

Kaldvik AS, Annual General Meeting, Jun 05, 2026

Kaldvik AS to Report Fiscal Year 2025 Final Results on Apr 30, 2026

Kaldvik AS completed the acquisition of Mossi ehf.

Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Kaldvik AS (OB:KLDVK) Analysts Just Cut Their EPS Forecasts Substantially

Price target decreased by 7.8% to kr29.50

Consensus EPS estimates fall by 20%

Bearish: Analysts Just Cut Their Kaldvik AS (OB:KLDVK) Revenue and EPS estimates

Consensus EPS estimates fall by 73%

Price target increased by 12% to kr34.67

Kaldvik AS Appoints Renate Larsen as Board Member

Kaldvik AS Updates Operating Guidance for the Full Year 2025

Will Enter Premium Markets With ASC Certification

Consensus EPS estimates fall by 66%

These 4 Measures Indicate That Kaldvik (OB:KLDVK) Is Using Debt Extensively

Kaldvik AS Announces Resignation of Aðalsteinn Ingólfsson as Board Member

Kaldvik's (OB:KLDVK) Earnings Are Of Questionable Quality

Price target increased by 8.1% to kr33.50

Consensus revenue estimates decrease by 11%, EPS upgraded

New major risk - Earnings quality

Consensus EPS estimates have been downgraded.

Market Participants Recognise Kaldvik AS' (OB:KLDVK) Revenues Pushing Shares 30% Higher

Consensus EPS estimates fall by 70%

Kaldvik (OB:KLDVK) Might Have The Makings Of A Multi-Bagger

Consensus revenue estimates fall by 14%

Kaldvik AS (OB:KLDVK) Analysts Are More Bearish Than They Used To Be

New major risk - Financial position

We Think Kaldvik (OB:KLDVK) Is Taking Some Risk With Its Debt

Now 38% overvalued after recent price rise

Price target increased by 9.5% to kr34.50

Now 21% undervalued

Investors Appear Satisfied With Ice Fish Farm AS' (OB:IFISH) Prospects

Price target increased by 9.5% to kr34.50

Investor sentiment improves as stock rises 15%

There's Been No Shortage Of Growth Recently For Ice Fish Farm's (OB:IFISH) Returns On Capital

Consensus EPS estimates fall by 47%

New major risk - Financial position

Full year 2023 earnings: EPS and revenues exceed analyst expectations

New major risk - Share price stability

Investor sentiment improves as stock rises 19%

Now 34% overvalued after recent price rise

Estimating The Fair Value Of Ice Fish Farm AS (OB:IFISH)

Full year 2023 earnings released: EPS: kr0.65 (vs kr0.78 loss in FY 2022)

Ice Fish Farm AS Announces CEO Changes

New major risk - Share price stability

Ice Fish Farm AS to Report Fiscal Year 2024 Final Results on Apr 30, 2025

Ice Fish Farm (OB:IFISH) Is Looking To Continue Growing Its Returns On Capital

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Investor sentiment improves as stock rises 22%

Ice Fish Farm AS to Report Q1, 2024 Results on May 15, 2024

Consensus EPS estimates fall by 62%

Here's Why Ice Fish Farm (OB:IFISH) Can Afford Some Debt

Ice Fish Farm AS Announces Resignation of Guðmundur Gíslason as CEO

Second quarter 2023 earnings released: kr0.14 loss per share (vs kr1.36 loss in 2Q 2022)

Ice Fish Farm AS has completed a Follow-on Equity Offering in the amount of SEK 49.970794 million.

Ice Fish Farm Approves Election of Hege Dahl as Board Member

First quarter 2023 earnings released: kr0.013 loss per share (vs kr0.25 loss in 1Q 2022)

Price target increased by 8.5% to kr32.00

Ice Fish Farm (OB:IFISH) Is Carrying A Fair Bit Of Debt