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Nordic Halibut AS – Interim Report Q1 2024

Writer's picture: NORDIC HALIBUTNORDIC HALIBUT

Averøy, Norway, 22 May 2024


Nordic Halibut AS today publishes its interim quarterly report for Q1 2024. The

interim report and financial statement for Q1 2024 were approved by the Board of

Directors on 21 May 2024.


Q1 2024 Highlights


· Nordic Halibut continues to be well positioned to achieve long-term production

targets of 4,500 tonnes head-on-gutted (HOG) within 2026 and 10,350 tonnes HOG

within 2031


· Harvested 150 tonnes (135 tonnes HOG) with an average harvest weight of 4,9 kg

during the quarter


· Nordic Halibut is aligned with the strategic harvest plan, which emphasizes

biomass growth to support the adjusted commercial targets


· Registering an average sales price of 163 NOK/kg for Q1 2024


· In Q1 2024, Nordic Halibut achieved a superior quality rate of 99.7%


· Total revenue in Q1 2024 ended at NOK 22 million (-41% YoY)


· Available liquidity at period end was NOK 206 million


· In line with expectations, EBITDA came in at NOK -8.4 million and loss for the

period ended at NOK 22.3 million in total


· Thomas Scheele Berg has signed as new Chief Financial Officer (“CFO”),

effective from 1 August 2024


· Aina Røsseland started as Chief Sustainability Officer (“CSO”) 1 mars 2024


For more information, please see the attached report or contact:


CEO Edvard Henden edvard@nordichalibut.no +47 911 41 165 or CFO Kenneth Meyer

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