Icelandic Salmon Annual Review: Insights and Growth Plans

Author: Ryan Hughes Updated: 04-25-2025 12:15 AM

Understanding Icelandic Salmon's 2024 Annual Report

Icelandic Salmon AS (Euronext Growth Oslo and First North Iceland: ISLAX) has released its integrated Annual Report, showcasing its commitment to sustainable practices alongside comprehensive annual accounts.

Operational Insights for 2024

The report reflects the challenges faced by Icelandic Salmon throughout the year, particularly a decrease in harvested volume attributed to various biological hurdles. Despite these difficulties, the company utilized this time to bolster its operations and pave the way for future expansion.

“Our dedicated employees have worked tirelessly to refine our operational routines,” commented CEO Bjørn Hembre during the report's announcement. Their commitment has been crucial in navigating a year filled with challenges, and Hembre expressed his gratitude to the entire team for their hard work and accomplishments under pressure.

Growth Strategy and Future Expansion

Bjørn's letter within the report emphasizes a robust growth strategy that positions Icelandic Salmon for enhanced production capabilities. Key investments in smolt production have been largely finalized, setting the stage to scale up production to an impressive 26,000 tonnes.

Corporate Information and Contact

For inquiries and further details, industry stakeholders can reach out to CEO Bjørn Hembre at +354 620 1936 or via email at bjorn@arnarlax.is. CFO Jónas Heiðar Birgisson can also be reached at +354 855 7760, or by email at jonas@arnarlax.is.

About Icelandic Salmon

Icelandic Salmon operates as a fully integrated company, controlling every facet of the value chain from the egg stage until the fish reaches its customers. As a significant player in the aquaculture sector in Iceland, the company is dedicated to delivering high-quality salmon.

Additionally, Icelandic Salmon is dual-listed, enhancing its stature and commitment to transparency in the seafood market. Comprehensive details on the company and its operations can be accessed through their official website.

Frequently Asked Questions

What challenges did Icelandic Salmon face in 2024?

The company experienced a reduction in harvested volume due to biological challenges but utilized this time for operational improvements.

What is Icelandic Salmon's production capacity?

The company is preparing to scale its production volume to 26,000 tonnes, thanks to significant investments in smolt production.

Who can be contacted for more information?

Stakeholders can contact CEO Bjørn Hembre or CFO Jónas Heiðar Birgisson for inquiries about the company's operations and reports.

Where can I find the Annual Report?

The integrated Annual Report for 2024 can be accessed on Icelandic Salmon’s official website.

What does Icelandic Salmon focus on in its operations?

The company emphasizes sustainable practices and maintaining control over the entire value chain involved in salmon production.

About The Author

Hello, my name is Ryan Hughes. I am a financial, economics, and stock market specialist committed to assisting people in negotiating the intricacies of the financial system. Having a great deal of experience and a thorough grasp of market dynamics and economic trends, my area of expertise is converting complex financial ideas into understandable, practical knowledge. By use of my articles and blog entries, I hope to give you the information and assurance you need to make wise financial choices.

I've had the honor of interacting with a wide range of readers as a writer for several financial blogs, from new investors to seasoned market participants. To enable you to reach your financial goals, I want to make finance, economics, and stock market trends understandable and approachable. I appreciate you traveling with me toward success and financial literacy.

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