Salmon Evolution introduced the first smolt to its land-based facility in March 2022.
Leading land-based salmon farmer Salmon Evolution has achieved a significant financial milestone.
For the first time, the company reported break-even Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) in its farming segment during the fourth quarter of 2023.
The company’s CEO, Trond Håkon Schaug-Pettersen, announced in a stock exchange statement that over 1,100 tons of Head-On Gutted (HOG) salmon were harvested with positive results. Schaug-Pettersen expressed optimism for 2024, citing satisfactory harvest results, including increasing harvest weight, a high proportion of superior quality salmon, and strong price realization.