SalMar will release its Q2/20 results on Thursday 27 August. We have implemented the harvest volumes announced on 6 July, as well as average prices for the quarter – some NOK 4.4/kg above our previous assumption. We now expect an EBIT of NOK 865m (672) for the quarter vs consensus at NOK 646m. We still expect SalMar will deliver strong operating performance relative to its peers in Q2/20 and we stick to our Buy rating as well as our NOK 500 target price.
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We expect another solid report
SalMar will release its Q2/20 results on Thursday 27 August. We have implemented the harvest volumes announced on 6 July, as well as average prices for the quarter – some NOK 4.4/kg above our previous assumption. We now expect an EBIT of NOK 865m (672) for the quarter vs consensus at NOK 646m. We still expect SalMar will deliver strong operating performance relative to its peers in Q2/20 and we stick to our Buy rating as well as our NOK 500 target price.