SalMar ASA - Company Profile
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SalMar ASA (SalMar) focuses on the production and commercialization of farmed salmon. The main activities of the company include marine phase farming, broodfish and smolt production and processing and sale of farmed salmon. It maintains a comprehensive presence across the entire value chain, including fish feed production, fish farming, processing, and distribution. The company product portfolio includes smolt, broodstock, fresh and frozen seafood, fresh round gutted fish, whitefish, farmed organic salmon, eyed salmon eggs, and others. The company operates its fish farming activities in Norway and has a presence in several regions, including Central Norway, Northern Norway, Iceland and Scotland. The company sells its products to customers worldwide and mainly focuses on markets in Europe, North America and Asia. It provides products to processing companies, exporters, importers and retail chains. SalMar is headquartered in Froya, Norway.
Headquarters
Norway
Address
Industriveien 51, Kverva, Froya, 7266
Website
www.salmar.no
Telephone
47 72 447900
No of Employees
2,266
Industry
Agriculture and Forestry
Ticker Symbol & Exchange
SALM (OSL)
Revenue (2022)
$2.7B
40%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-3.3%
(2022 vs 2021)
Market Cap*
$7.9B
Net Profit Margin (2022)
XYZ
-30.9%
(2022 vs 2021)
* As of and is in US$
SalMar ASA premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Products | Services |
| Smolt | Offshore Fish Farming |
| Farmed Salmon | Processing |
| 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 |
|---|---|---|
| 2023 | Acquisitions/Mergers/Takeovers | In April, the company acquired NTS AS. |
| 2022 | Acquisitions/Mergers/Takeovers | In November, the company completed its merger with Norway Royal Salmon. |
| 2022 | Regulatory Approval | In October, the company secured clearance from the European Commission to acquire NTS ASA. |
Competitor Comparison
| Key Parameters | SalMar ASA | Mowi ASA | Austevoll Seafood ASA | Leroy Seafood Group ASA | Bakkafrost P/F |
|---|---|---|---|---|---|
| Headquarters | Norway | Norway | Norway | Norway | Norway |
| City | Froya | Bergen | Storebo | Bergen | Glyvrar |
| State/Province | - | - | - | - | Faroe Islands |
| No. of Employees | 2,266 | 14,142 | 7,235 | 5,092 | 1,778 |
| 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 | 53 |
| Ulrik Steinvik | Chief Financial Officer | Senior Management | 2021 | 49 |
| Runar Sivertsen | Chief Strategy Officer | Senior Management | 2020 | 38 |
| Simon Sobstad | Chief Operating Officer - Sales and Industry; Director | Executive Board | 2022 | 41 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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