We incorporate the harvest volumes and realized salmon prices for Q3, leaving our Q3 EBIT at NOK -25m (Cons.: NOK -16m). Beyond this, assumptions and estimates are left largely unchanged. The trading update provided another positive data point on the biological side with a standing biomass of 3,009 tonnes and quarterly biomass production of 1,797 tonnes (+6% q-q). With a higher utilization on the biomass, costs should trend down in the coming quarters, which is the key factor for the equity stor ....
