Last 115.00 NOK
Change Today +0.50 / 0.44%
Volume 17.2K
SALM On Other Exchanges
Symbol
Exchange
Berlin
As of 4:14 AM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

salmar asa (SALM) Snapshot

Open
114.00 NOK
Previous Close
114.50 NOK
Day High
115.00 NOK
Day Low
114.00 NOK
52 Week High
07/24/14 - 126.00 NOK
52 Week Low
09/9/13 - 59.75 NOK
Market Cap
13.0B
Average Volume 10 Days
167.3K
EPS TTM
11.76 NOK
Shares Outstanding
113.3M
EX-Date
06/5/14
P/E TM
9.8x
Dividend
8.00 NOK
Dividend Yield
6.96%
Current Stock Chart for SALMAR ASA (SALM)

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salmar asa (SALM) Details

SalMar ASA, an integrated aquaculture company, produces and sells farmed salmon in Asia, Russia, Europe, and internationally. Its activities include broodfish and smolt production, as well as marine-phase farming, harvesting, processing, and sale of farmed salmon and white fish. The company produces a range of fresh and frozen salmon products for importers/exporters, processing companies, and retail chains. SalMar ASA sells its products through in-house sales force and/or through partners. The company was founded in 1991 and is based in Kverva, Norway. SalMar ASA is a subsidiary of Kverva AS.

998.5 Employees
Last Reported Date: 04/30/14
Founded in 1991

salmar asa (SALM) Top Compensated Officers

Chief Executive Officer and President
Total Annual Compensation: --
Co Founder, Director of Processing & Sales an...
Total Annual Compensation: 1.4M NOK
Chief Financial Officer
Total Annual Compensation: 2.3M NOK
Chief Business Analyst
Total Annual Compensation: 2.1M NOK
Director of Quality Management/HSE/HR
Total Annual Compensation: 1.4M NOK
Compensation as of Fiscal Year 2013.

salmar asa (SALM) Key Developments

SalMar ASA Reports Group Earnings and Production Results for the Second Quarter and Earnings Results for the Six Months Ended June 30, 2014; Provides Production Guidance for the Second Half of 2014

SalMar ASA reported group earnings and production results for the second quarter and earnings results for the six months ended June 30, 2014. For the quarter, the company reported operating revenues of NOK 1,744.8 million against NOK 1,432.7 million a year ago. Operational EBIT was NOK 447.4 million against NOK 316.1 million a year ago. Profit before tax was NOK 313.2 million against NOK 843.8 million a year ago. EBITDA was NOK 512.5 million against NOK 364.4 million for the same period last year. Operational profit was NOK 319.6 million against NOK 602.3 million for the same period last year. Net profit was NOK 234.4 million against NOK 741.1 million for the same period last year. Net cash flow from operating activities was NOK 723.1 million against NOK 475.6 million for the same period a year ago. For the six months, the company reported operating revenues of NOK 3,371.1 million against NOK 2,709.4 million a year ago. Operational EBIT was NOK 932.7 million against NOK 551.0 million a year ago. Profit before tax was NOK 623.1 million against NOK 1,152.2 million a year ago. EBITDA was NOK 1,067.3 million against NOK 646.5 million for the same period last year. EBITDA was NOK 646.5 million against NOK 189.0 million for the same period last year. Operational profit was NOK 620.6 million against NOK 901.2 million for the same period last year. Net profit was NOK 471.3 million against NOK 976.5 million for the same period last year. Net cash flow from operating activities was NOK 1,170.0 million against NOK 703.4 million for the same period a year ago. For the quarter, the company reported harvested volume of 35,100 tonnes against 22,800 tonnes a year ago. For the second half of 2014, the company expected to harvest approx. 73,500 tons.

SalMar Central Norway Reports Unaudited Earnings and Production Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Production Guidance for the Full Year of 2014

SalMar Central Norway reported unaudited earnings and production results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported operating revenue of NOK 664 million compared to NOK 663.5 million a year ago. Operational EBIT was NOK 235 million compared to NOK 275 million a year ago. For the year to date, the company reported operating revenue of NOK 1,112.1 million compared to NOK 1,306.9 million a year ago. Operational EBIT was NOK 426.3 million compared to NOK 484.5 million a year ago. For the quarter, the company harvested 16,500 tonnes compared to 15,900 tonnes a year ago. The high level of volume was, however, somewhat offset by lower prices, such that total operating revenues in the second quarter came to NOK 664.0 million, in line with the same period last year. For the year to date, the company harvested 26,300 tonnes compared to 33,700 tonnes a year ago. The company provided production guidance for the full year of 2014. The company still expects to harvest around 73,000 tonnes of salmon in 2014.

SalMar Northern Norway Reports Unaudited Earnings and Production Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Production Guidance for the Full Year of 2014

SalMar Northern Norway reported unaudited earnings and production results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported operating revenue of NOK 315.2 million compared to NOK 116.9 million a year ago. Operational EBIT was NOK 90.1 million compared to NOK 44.4 million a year ago. The decrease in profits is greater than the reduction in prices would indicate. This is due partly to an unfavourable distribution of the harvested volume through the quarter. For the year to date, the company reported operating revenue of NOK 647.0 million compared to NOK 194.4 million a year ago. Operational EBIT was NOK 64.9 million compared to NOK 320.2 million a year ago. For the quarter, the company harvested 8,500 tonnes compared to 2,800 tonnes a year ago. For the year to date, the company harvested 15,600 tonnes compared to 5,100 tonnes a year ago. The company provided production guidance for the full year of 2014. The company still expects to harvest around 35,000 tonnes of salmon in 2014.

 

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Valuation SALM Industry Range
Price/Earnings 10.0x
Price/Sales 1.9x
Price/Book 3.0x
Price/Cash Flow 8.4x
TEV/Sales 1.4x
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