SalMar increased its 2026 Norway harvest guidance by 12,000 tonnes after reporting record-strong biological performance in the first quarter.
The company now expects Norwegian harvest volumes of 282,000 tonnes in 2026. Including its share of Scottish Sea Farms, total group harvest volume is expected to reach 330,000 tonnes, representing 10% growth compared with 2025.
Operational EBIT in Norway was NOK 1.54 billion (€143 million) in the first quarter, on harvest volumes of 56,300 tonnes and operational EBIT per kg of NOK 27.3.
At group level, operational EBIT was NOK 1.51 billion (€141 million), on harvest volumes of 60,300 tonnes and operational EBIT per kg of NOK 25.1.
SalMar said results improved significantly year-on-year due to higher harvest volumes, improved fish quality and lower costs across the value chain.
The company said biological performance in Norway during the quarter was the strongest seen in more than a decade, citing high survival rates, growth, superior share and average fish weight.
Profitability in Sales & Industry was negatively affected by the ongoing upgrade of the InnovaMar harvesting and processing facility, which reduced capacity utilisation during the period.
SalMar also reported continued strong biological performance at Ocean Farm 1, while development licences at Arctic Offshore Farming have now been converted into ordinary licences.
Results from Icelandic Salmon and Scottish Sea Farms remained weak due to high costs in the value chain.
“We are increasing our volume guidance by 12,000 tonnes for 2026,” chief executive Frode Arntsen said in a statement.
