Board Change • Jul 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. No highly experienced directors. Director Erik Valen was the last director to join the board, commencing their role in 2026. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Jun 09
Salmon Evolution ASA has withdrawn its Follow-on Equity Offering in the amount of NOK 50 million. Salmon Evolution ASA has withdrawn its Follow-on Equity Offering in the amount of NOK 50 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 11,111,111
Price\Range: NOK 4.5
Transaction Features: Rights Offering Duyuru • Jan 09
Salmon Evolution Asa Provides Production Guidance for the First Quarter of 2026 Salmon Evolution ASA provided production guidance for the first quarter of 2026. For the quarter, the company expects harvest volumes of 1,800 tonnes HOG. Duyuru • Dec 03
Salmon Evolution ASA, Annual General Meeting, Jun 04, 2026 Salmon Evolution ASA, Annual General Meeting, Jun 04, 2026. Duyuru • Oct 03
Salmon Evolution ASA announced that it expects to receive funding from Farvatn Private Equity As Salmon Evolution ASA entered into an agreement for the private placement to issue 6,903,268 shares on October 2, 2025. The transaction involves participation of Farvatn Private Equity As as a returning investor. As a result of the transaction, Farvatn Private Equity AS will change its holding from 21,168,366 to 28,071,634 shares, a change from 4.58% to 6.07% of the votes and shares Duyuru • Feb 10
Salmon Evolution ASA Launches Land-Based Smoked Salmon Under the Premium Brand Lofoten in Norway Salmon Evolution announced its strategic partnership with Lofotprodukt AS. In Week 8, Lofotprodukt AS will launch smoked salmon made from Salmon Evolution's land-based salmon under its premium brand, Lofoten. The first-ever smoked salmon consumer pack from a land-based facility to be launched in Norwegian Retail. This smoked salmon represents an exciting advancement in food production, utilizing innovative technology at Salmon Evolution's land-based facility. This product has been listed by NorgesGruppen, which has chosen to introduce it in its MENY stores and selected SPAR locations. Duyuru • Nov 19
Salmon Evolution ASA, Annual General Meeting, Jun 05, 2025 Salmon Evolution ASA, Annual General Meeting, Jun 05, 2025. Reported Earnings • Nov 10
Third quarter 2024 earnings released: kr0.06 loss per share (vs kr0.09 loss in 3Q 2023) Third quarter 2024 results: kr0.06 loss per share (improved from kr0.09 loss in 3Q 2023). Revenue: kr51.3m (up 224% from 3Q 2023). Net loss: kr25.6m (loss narrowed 30% from 3Q 2023). Revenue is forecast to grow 44% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Food industry in Europe. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Breakeven Date Change • Oct 10
Forecast breakeven date pushed back to 2025 The 4 analysts covering Salmon Evolution previously expected the company to break even in 2024. New consensus forecast suggests the company will make a profit of kr77.0m in 2025. Average annual earnings growth of 63% is required to achieve expected profit on schedule. Reported Earnings • Aug 19
Second quarter 2024 earnings released: EPS: kr0.01 (vs kr0.07 loss in 2Q 2023) Second quarter 2024 results: EPS: kr0.01 (up from kr0.07 loss in 2Q 2023). Revenue: kr170.5m (up 181% from 2Q 2023). Net income: kr6.30m (up kr32.3m from 2Q 2023). Profit margin: 3.7% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 37% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Food industry in Europe. Duyuru • Jul 05
Salmon Evolution ASA Provides Production Guidance for the Third Quarter of 2024 Salmon Evolution ASA provided production guidance for the third quarter of 2024. For the quarter, the company expects harvest volumes of 1,600 tonnes HOG. New Risk • Jun 23
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 11% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company. Duyuru • Jun 20
Salmon Evolution ASA announced that it expects to receive NOK 350 million in funding from Ronja Capital AS, Dongwon Industries Co., Ltd., Stette Invest AS, Jawendel AS, KjølÅS Stansekniver As, Farvatn Private Equity As Salmon Evolution ASA announced a private placement of common shares for the gross proceeds of NOK 350,000,000 on June 19, 2024. The transaction will include participation from returning investors Ronja Capital AS, Dongwon Industries Co., Ltd., Stette Invest AS, Jawendel AS, KjølÅS Stansekniver As, Farvatn Private Equity As and Bondø Invest. Duyuru • Jun 06
Janne Grethe Strand Aasnæs Resigns as Board Member of Salmon Evolution ASA Salmon Evolution ASA has held the 2024 annual general meeting on June 05, 2024, the general meeting adopted the following resolution: Janne Grethe Strand Aasnæs resigns as Board member. The board shall hereinafter comprise of the following persons: Tore Tønseth (chair), Jan Emil Johannessen, Vibecke Bondø, Peder Stette, Anne Breiby, Eunhong Min, and Ingvild Vartdal. Reported Earnings • May 08
First quarter 2024 earnings released First quarter 2024 results: Revenue: kr100.3m (up kr97.3m from 1Q 2023). Net loss: kr1.20m (loss narrowed 96% from 1Q 2023). Revenue is forecast to grow 36% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Food industry in Europe. Reported Earnings • Apr 18
Full year 2023 earnings released: kr0.37 loss per share (vs kr0.097 loss in FY 2022) Full year 2023 results: kr0.37 loss per share (further deteriorated from kr0.097 loss in FY 2022). Revenue: kr168.4m (up 253% from FY 2022). Net loss: kr145.8m (loss widened 345% from FY 2022). Revenue is forecast to grow 36% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Food industry in Europe. Reported Earnings • Feb 14
Full year 2023 earnings released: kr0.37 loss per share (vs kr0.097 loss in FY 2022) Full year 2023 results: kr0.37 loss per share (further deteriorated from kr0.097 loss in FY 2022). Revenue: kr168.4m (up 253% from FY 2022). Net loss: kr145.8m (loss widened 345% from FY 2022). Revenue is forecast to grow 39% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Food industry in Europe. Reported Earnings • Nov 17
Third quarter 2023 earnings released: kr0.09 loss per share (vs kr0.04 loss in 3Q 2022) Third quarter 2023 results: kr0.09 loss per share (further deteriorated from kr0.04 loss in 3Q 2022). Net loss: kr36.5m (loss widened 157% from 3Q 2022). Revenue is forecast to grow 50% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Food industry in Europe. Board Change • Sep 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Jan-Emil Johannessen was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 18
Second quarter 2023 earnings released: kr0.07 loss per share (vs kr0.03 loss in 2Q 2022) Second quarter 2023 results: kr0.07 loss per share (further deteriorated from kr0.03 loss in 2Q 2022). Net loss: kr26.0m (loss widened 148% from 2Q 2022). Revenue is forecast to grow 45% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Food industry in Europe. Board Change • Jul 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Jan-Emil Johannessen was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Duyuru • Jun 08
Salmon Evolution ASA Announces Board Changes Salmon Evolution ASA announced that at the annual general meeting held on June 7, 2023 elected Jan Emil Johannessen and Vibecke Bondø as new members of the board to replace the resigning board members, for a period of two years. The board of directors of Salmon Evolution now comprises of: Tore Tønseth (chair), Jan Emil Johannesen, Vibecke Bondø, Peder Stette, Anne Breiby, Eunhong Min, Janne Grethe Strand Aasnæs, and Ingvild Vartdal. Breakeven Date Change • May 24
Forecast breakeven date moved forward to 2023 The 5 analysts covering Salmon Evolution previously expected the company to break even in 2024. New consensus forecast suggests the company will make a profit of kr2.74m in 2023. Earnings growth of 55% is required to achieve expected profit on schedule. Breakeven Date Change • Feb 15
Forecast breakeven date pushed back to 2024 The 5 analysts covering Salmon Evolution previously expected the company to break even in 2023. New consensus forecast suggests losses will reduce by 45% to 2023. The company is expected to make a profit of kr95.7m in 2024. Average annual earnings growth of 52% is required to achieve expected profit on schedule. Recent Insider Transactions • Dec 11
Independent Director recently bought €260k worth of stock On the 7th of December, Janne Grethe Aasnaes bought around 330k shares on-market at roughly €0.79 per share. This trade did not impact their existing holding. In the last 3 months, there was an even bigger purchase from another insider worth €317k. Insiders have collectively bought €143k more in shares than they have sold in the last 12 months. Board Change • Nov 21
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. Independent Director Peder Stette is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Breakeven Date Change • Aug 16
Forecast breakeven date pushed back to 2024 The 4 analysts covering Salmon Evolution previously expected the company to break even in 2023. New consensus forecast suggests losses will reduce by 48% per year to 2023. The company is expected to make a profit of kr56.5m in 2024. Average annual earnings growth of 94% is required to achieve expected profit on schedule. Board Change • Aug 12
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. Independent Director Peder Stette is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. 
