Kaldvik AS Adjusts 2025 Harvest Projections Amid Challenges
Kaldvik AS Adjusts Harvest Expectations for 2025
In the third quarter of the latest financial reporting cycle, Kaldvik AS provided insights into its harvest projections for the upcoming years. For 2024, the company anticipates a harvest of approximately 15,000 tonnes, while projections for 2025 have been set at 25,000 tonnes. Recently, however, the company's harvested total reached 6,668 tonnes in the fourth quarter, culminating in a total of 14,965 tonnes for the entire fiscal year 2024.
Challenges Impacting Harvest Guidance
Kaldvik AS has had to revise its harvest guidance for 2025 downward, now expecting about 21,500 tonnes, a reduction of 3,500 tonnes from initial estimates. This adjustment is largely attributed to increased mortality rates linked to winter-related wounds affecting the 2023 generation. The adverse weather conditions, particularly lower than anticipated temperatures, have significantly impacted growth rates.
About the 2023 Generation
The 2023 generation of fish currently affects the company's output as it is the last batch that did not receive the new winter-wound vaccine developed specifically for Kaldvik AS, in addition to the standard ISA vaccine. As a result, these factors combined have led to higher-than-expected loss rates within this group.
Release of Smolts at Einstigi
In more recent developments, the company has noted that the release of smolts to the location known as Einstigi has resulted in unexpected mortality rates. As of the latest updates, about 721,000 smolts had been released, but issues such as supersaturation during transportation and low temperatures have hindered their survival trajectory.
Forthcoming Reports
The company is set to release its Q4 2024 report on February 26, providing further insights into these challenges and the performance metrics for the salmon farming operation.
About Kaldvik AS
Kaldvik AS is recognized as a premier player in the salmon aquaculture industry in Iceland. The company has established a comprehensive and fully integrated value chain that encompasses all stages from hatchery management to sales. This integrated approach allows Kaldvik AS to deliver a premium, sustainable product to its customers.
For any inquiries or further information, the following contacts are available:
CEO
Roy Tore Rikardsen, CEO of Kaldvik AS
+354 791 0006 (mobile), roy.tore@kaldvik.is
CFO
Róbert Róbertsson, CFO of Kaldvik AS
+354 843 0086 (mobile), robert.robertsson@kaldvik.is
Frequently Asked Questions
What is the updated harvest guidance for Kaldvik AS in 2025?
Kaldvik AS has revised its harvest guidance for 2025 to approximately 21,500 tonnes.
What were the main causes for the decrease in harvest expectations?
The anticipated decrease is primarily due to increased mortality from winter wounds and lower growth rates caused by unexpectedly cool temperatures.
How much did Kaldvik AS harvest in 2024?
The company harvested a total of 14,965 tonnes for the fiscal year 2024.
What challenges did the smolts released face?
The smolts faced high mortality rates mainly due to supersaturation during transport and lower-than-expected temperatures.
When is the next financial report due for release?
The Q4 2024 report is scheduled to be released on February 26, 2025.
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