Salmon Evolution

Salmon Evolution

Extending the ocean potential by transferring the best preconditions offered by the sea to farm fish on land.

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NOK250m

Post IPO Debt
Total Funding000k

Financials

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Revenues, earnings & profits over time
NOK2021202220232024202520262027
Revenues0000000000000000000000000000
% growth-283 %265 %178 %(1 %)59 %95 %
EBITDA0000000000000000000000000000
% EBITDA margin(247 %)(106 %)(41 %)16 %16 %34 %41 %
Profit0000000000000000000000000000
% profit margin(220 %)(71 %)(87 %)(10 %)(25 %)(1 %)18 %
EV0000000000000000000000000000
EV / revenue00.0x00.0x00.0x00.0x00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x00.0x00.0x00.0x00.0x
R&D budget0000000000000000000000000000

Source: Company filings or news article, Equity research estimates

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Salmon Evolution is a land-based salmon farming company that utilizes a hybrid flow-through system (HFS) to raise salmon in a controlled and sustainable environment. This technology combines the benefits of conventional and recirculation aquaculture systems, using a high percentage of reused water alongside fresh, filtered seawater. The company's production facilities are located on the west coast of Norway, leveraging the area's natural access to clean, cold seawater.

The company's business model is centered on the large-scale production of high-quality, sustainably farmed salmon. By controlling the aquatic environment, Salmon Evolution can maintain optimal conditions for fish growth and health, which in turn leads to a premium product. The company targets both domestic and international markets, with a focus on supplying fresh, superior-grade salmon to a global consumer base that is increasingly conscious of food safety and environmental impact.

Salmon Evolution generates revenue through the sale of its harvested salmon. The company's growth strategy includes a significant expansion of its production capacity, with a long-term goal of reaching 100,000 tonnes annually. This expansion is supported by a strong financial position, having completed an IPO on Euronext Growth and a subsequent listing on the Oslo Børs.

Keywords: land-based aquaculture, salmon farming, hybrid flow-through system, sustainable agriculture, fish welfare, food safety, seafood production, aquaculture technology, environmental impact, circular economy

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