While fellow salmon farmers such as Mowi, Leroy and Bakkafrost announce rocketing earnings in light of post-lockdown recoveries, SalMar saw its earnings fall significantly due to an "underestimation" of the market.
The Norwegian salmon farmer reported a 20 percent drop in earnings before interest, tax, depreciation and amortization of NOK 861 million (€82.9 million/$97.6 million), with operating income failing to take advantage of recovering markets in the quarter.
Thanks to 10 percent lower volumes at 36,600 metric tons gross weight, operating income fell 4 percent to NOK 3.2
