Kaldvik AS Highlights Annual Report for Fiscal Year 2024
Kaldvik AS, a prominent player in the Icelandic salmon farming industry, has officially released its annual report for 2024, as approved by the board of directors. This document is vital in outlining the company's performance and strategic direction.
Financial Adjustments
In this year's report, Kaldvik made notable adjustments compared to its Q4 report. The cost of materials exhibited a slight decrease, dropping from EURm 68.4 to EURm 67.9. Additionally, operational expenditures were adjusted from EURm 24.4 to EURm 24.2. These changes reflect Kaldvik's adaptive financial management despite facing challenges in the market.
Tax Obligations and Currency Effects
The report also reveals that due to unfavorable currency fluctuations, Kaldvik AS will have a tax payable of EURm 0.5. This aspect highlights the company's exposure to external economic factors but emphasizes its resilience in navigating these challenges.
A Commitment to Sustainability
Founded on the principle of sustainability, Kaldvik AS controls the entire value chain, from hatchery operations to market sales. This integration allows them to deliver a premium product that meets the growing consumer demand for environmentally responsible seafood options.
About Kaldvik AS
Kaldvik AS stands out as a leading entity in the fishing and aquaculture sector. With its dual listing on Euronext Growth Oslo and the First North Iceland Growth Market, the company is strategically positioned to leverage growth opportunities in both local and international markets.
Contact Information
For inquiries regarding the annual report or company details, please reach out to Robert Robertsson, CFO of Kaldvik AS. You can direct your emails to robert.robertsson@kaldvik.is for personalized assistance.
Frequently Asked Questions
What are the highlighted financial changes in Kaldvik AS's report?
The report indicates a reduction in the cost of materials and slight decreases in operational expenses compared to the Q4 report.
How is Kaldvik AS addressing currency fluctuations?
The company reported a tax payable of EURm 0.5 due to unfavorable currency fluctuations, indicating its management strategy to mitigate these risks.
What is Kaldvik AS's focus in its operations?
Kaldvik AS is committed to sustainability, controlling the entire value chain from hatchery to sales, ensuring premium products for customers.
Where can I find more information about Kaldvik AS?
Detailed information about Kaldvik AS can be found on their official website.
What markets is Kaldvik AS involved in?
Kaldvik AS is dual-listed on Euronext Growth Oslo and the First North Iceland Growth Market, facilitating its engagement in both local and international markets.
