NRS Natl Rural Util7.40%

NRS has received confirmation of the fish disease ISA (Infectious Salmon Anaemia) at the sites where there was a warning about the suspicion of the fish disease ISA. The extraction of fish from these sites started immediately after the ISA detection.

In the fourth quarter of 2017, NRS harvested 7 300 tonnes in Region North and 1 700 tonnes in the Region South, a total of 9 000 tonnes, of which 1 600 tonnes came from sites with ISA. NRS has previously estimated a harvest volume for 2018 of 43 000 tonnes. Accelerated harvest from sites with ISA has resulted in the estimated harvest volume for 2018 being adjusted down by 500 tonnes to 42 500 tonnes. Remaining biomass from sites with ISA is expected to be harvested in January 2018 and will amount to approximately 2 000 tonnes.

EBIT for the fourth quarter of 2017 will be charged with a loss (costs higher than the corresponding income) related to the incident with ISA. The loss is affected by high production costs due to low average weight, high harvest and well boat costs and the costs of culling fish in a cage, as well as reduced price achievement due to low average weight. In addition, cleanup costs after the ISA is allocated. The total non-recurring cost in the fourth quarter of 2017 is estimated at approximately MNOK 55.

For more information, please contact:

• CEO Charles Høstlund, +47 994 18 449, charles.hostlund@salmon.no
• CFO Ola Loe, +47 911 79 411, ola.loe@salmon.no