Operational update - Fish reaches 1 kilogram
Andfjord Salmon AS is pleased to confirm that due to strong biological performance the average weight of the salmon in Andfjord Salmon’s first pool at Andøya, Norway, this week reached 1 kilogram - well ahead of the late December 2022 forecast.
1. November 2022
Andfjord Salmon AS is pleased to confirm that due to strong biological performance the average weight of the salmon in Andfjord Salmon’s first pool at Andøya, Norway, this week reached 1 kilogram - well ahead of the late December 2022 forecast. This could result in the harvest date being brought forward. The survival rate stands at industry leading 98.9 percent, four months after the smolt was released.
“We are very pleased to see that we have been able to provide our salmon with excellent biological conditions. As a result, the growth rate is higher than what we estimated. This confirms that the living conditions in the pool are good, which means that the fish eats well and thereby grows fast. The excellent survival rate also confirms high fish welfare in the pool`s ecosystem,” says Martin Rasmussen, CEO of Andfjord Salmon.
On 25 June 2022, Andfjord Salmon released approximately 200,000 smolt at an average weight of 120 grams in the company's first land-based pool at Kvalnes, Andøya.
“Reaching the 1-kilogram milestone confirms the benefits of Andfjord Salmon’s fish farming concept, where excellent biological conditions in combination with low energy cost underline the robustness of our business case. The energy-use is also well within our target 1 kwh/kg salmon produced,” adds Rasmussen.
Andfjord Salmon is using water from depths of approximately 40 meters below the sea surface for its flow-through technology solution. The water is substituted 15-17 times/24 hours. The company`s pools are square shaped with the intention of replicating a cross section of the Gulfstream. At slaughter weight the density will be around 35-40 kg/m3.
CONTACTS
Martin Rasmussen, CEO, +47 975 08 665, martin@andfjord.no
Bjarne Martinsen, CFO, +47 975 08 345, bjarne.martinsen@andfjord.no
ABOUT ANDFJORD SALMON
Located at Kvalnes on the island of Andøya on the Arctic Archipelago of Vesterålen, Norway, Andfjord Salmon has developed an innovative and sustainable aquaculture concept for land-based farming ofAtlantic salmon, based on a flow-through technology solution . The company's ambition is to build the world's most sustainable aquaculture facility of its kind.
Andfjord Salmon AS is listed on Euronext Growth under the ticker ANDF.
Andfjord Salmon is a Norwegian company established in 2014. The company is listed at Oslo Stock Exchange (ANDF), and located at Kvalnes on the northernmost island of Andøya in Vesterålen, Norway.
