SalMar ASA - Company Profile
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SalMar ASA (SalMar) is focused on the production and commercialization of farmed salmon. The company's main activities include marine phase farming, broodfish and smolt production, as well as processing and sale of farmed salmon. SalMar's product portfolio features smolt, broodstock, fresh and frozen seafood, fresh round gutted fish, whitefish, farmed organic salmon, and eyed salmon eggs. The company is associated with the brand Arnarlax, known for sustainable Icelandic salmon. SalMar's products are supplied to processing companies, exporters, importers, and retail chains worldwide. The company operates a comprehensive distribution network, including sales offices in several Asian countries. SalMar conducts its fish farming operations in Norway, Iceland, and Scotland, targeting markets in Europe, North America, and Asia. SalMar is headquartered in Kverva, Trondelag, Norway.
Headquarters
Norway
Address
N-7266 Kverva, Froya, 7266
Website
www.salmar.no
Telephone
47 72 447900
No of Employees
3,297
Industry
Agriculture and Forestry
Ticker Symbol & Exchange
SALM (OSL)
Revenue (2024)
$2.6B
-6.4%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-7.3%
(2024 vs 2023)
Market Cap*
$7.8B
Net Profit Margin (2023)
XYZ
-1.0%
(2024 vs 2023)
* As of and is in US$
SalMar ASA premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| - | - |
| Smolt | Offshore Fish Farming |
| Fresh Seafood | Harvesting |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Contracts/Agreements | In April, the company entered into an agreement to acquire the remaining stake in Wilsgard for US$168 million. |
| 2025 | Others | In March, the company announced to acquire 15% interest in SalMar Aker Ocean AS from Aker Capital AS. |
| 2024 | Contracts/Agreements | In November, the company signed an agreement to acquire a minority stake in As Knutshaugfisk. |
Competitor Comparison
| Key Parameters | SalMar ASA | Mowi ASA | Austevoll Seafood ASA | Leroy Seafood Group ASA | Bakkafrost P/F |
|---|---|---|---|---|---|
| Headquarters | Norway | Norway | Norway | Norway | Faroe Islands |
| City | Froya | Bergen | Storebo | Bergen | Glyvrar |
| No. of Employees | 3,297 | 13,324 | 7,320 | 5,269 | 1,635 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Gustav Witzoe | Chairman | Executive Board | 2022 | - |
| Frode Arntsen | Chief Executive Officer | Senior Management | 2022 | 56 |
| Ulrik Steinvik | Chief Financial Officer | Senior Management | 2021 | 52 |
| Runar Sivertsen | Chief Strategy Officer | Senior Management | 2020 | 41 |
| Simon Sobstad | Chief Operating Officer - Sales & Industry | Senior Management | 2022 | 44 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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