🐟 SeafoodSALM · Oslo BørsData Quality: Manual · Updated Jul 2026
🇳🇴 SalMar
Kverva · Founded 1991 · www.salmar.no
One of the world's most efficient salmon producers, operating large automated processing facilities in Norway and through the Scottish Sea Farms joint venture (50/50 with Lerøy). Merged with Norway Royal Salmon (NRS) in 2022, significantly expanding its farming capacity. SalMar is known for industry-leading cost efficiency — its Frøya processing plant processes over 70,000 tonnes of salmon per year in a largely automated facility. A benchmark for salmon EBITDA margins globally.
📋 Source: Official company filings📅 Reporting period: FY2024 annual🔄 Updated: Jul 2026⚠️ AnimStok is not affiliated with SalMar
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AnimStok Intelligence Analysis
Data-derived · Official filings · Jul 2026Algorithmic — not a financial recommendationRevenue grew 10.5% to $2.1B in FY2023, signalling strong demand conditions for the seafood sector. SalMar's key export markets (South Korea, Japan) overlap with India's primary animal protein export destinations — Indian producers compete with SalMar products in these markets, making its pricing a relevant benchmark for Indian exporters.
ANIMSTOK COMPANY SUMMARY
Deterministic rule-based prose from official filings — not AI-generated
Low Confidence
SalMar is a publicly listed Seafood (atlantic-salmon, fish-processing, aquaculture) sector company headquartered in Kverva. Revenue was $22.0B in FY2024. The company employs approximately 4,500 people. Key export markets include South Korea, Japan — markets that overlap with India's primary animal protein export destinations, making this company a relevant pricing benchmark for Indian exporters.
WHAT CHANGED
Confirmed events linked to this company, then sector-level market context
🏢 Confirmed Company Eventsvia intel_event_companies
🌐 Recent Market EventsPlatform-wide — not specific to SalMar
Most recent published events across all sectors. These are shown for market context only and are not linked to SalMar.
criticalAcquisition
Bunge Completes Acquisition of Viterra, Creating the World's Largest Grain Trader by Volume
📅 2024-11-01
highInvestment
Smithfield Foods Lists on Nasdaq in First Public Offering Since WH Group Acquisition
📅 2024-09-25
mediumQuarterlyResults
Venky's India Q4 FY2024: Poultry Processing Revenue Grows on Domestic Demand Recovery
📅 2024-05-29
mediumQuarterlyResults
SalMar Q1 2024 Results: Harvest 56,600 Tonnes, Operational EBIT NOK 780 Million
📅 2024-05-14
mediumQuarterlyResults
Grieg Seafood Q1 2024: Harvest 20,000 Tonnes, Profitability Supported by Stable Salmon Prices
📅 2024-05-09
WHY THIS MATTERS
Aquafeed Cost
Marine ingredients (fishmeal, fish oil from Peru and Iceland) and plant-based alternatives (soy protein concentrate, pea protein) are the primary cost inputs. No single public index provides a comprehensive aquafeed cost benchmark.
Revenue Benchmark
Spot salmon prices are published weekly by Nasdaq Salmon Index and Fish Pool. Norwegian, Chilean, and Scottish export prices set global reference levels for Atlantic salmon contract negotiations.
Biological Risk
Sea lice outbreaks, ISA virus, and Salmon Alpha virus events cause direct biomass loss and operational cost increases. Norwegian Veterinary Institute weekly data is the primary monitoring signal.
Regulatory / Licensing
Salmon farming regulations — biomass limits, site licenses, MAB thresholds in Norway, Chile, and Scotland — directly constrain annual production volume and capital expansion plans.
RELEVANT MARKET INDICATORS
⚠ No direct FAO price index for this sector
No FAO price index directly tracks farmed salmon or marine shrimp. Primary external benchmarks for this sector: Nasdaq Salmon Index (Oslo, weekly spot prices), Norwegian Seafood Council export price data, and Fish Pool forward contracts.
WHAT TO WATCH
Monitoring variables — not procurement recommendations
1Nasdaq Salmon Index (Oslo) — weekly spot price for farmed Atlantic salmon, the global benchmark
2Norwegian Seafood Council weekly export data — price and volume trends for salmon and trout
3Fish Pool futures — forward prices for Norwegian salmon across 4–52 week contract tenors
4Norwegian Veterinary Institute sea lice reports — published monthly, site-level biomass data
5Feed ingredient prices: fishmeal (Peru), soy protein concentrate, rapeseed oil — primary aquafeed cost inputs
6Chile SalmCo and AquaChile harvest estimates — second-largest Atlantic salmon producer globally
EVIDENCE & METHODOLOGY
Data sourceOfficial company filings — annual reports, investor relations
VerificationProfile: partially_verified · Financial: verified
Revenue periodFY2024 annual
Summary methodDeterministic rule-based prose from filing data — no language model involved
Event linksintel_event_companies: 2 confirmed links — none exist yet for this company
Trade flowsAll trade flow records for this company are draft status and are not displayed publicly
Confidence logicVerified profile + verified financials → Medium; any unverified field → Low; never High without corroborating event or trade data
DISCLAIMER
This intelligence summary is compiled from publicly available official company filings. AnimStok is not affiliated with SalMar and does not claim any endorsement. No investment, procurement, or commercial advice is implied. Data may not reflect post-filing corporate events.
Revenue History
2019–2023 · USD Billion
Business Segments
Revenue breakdown by division
Norwegian Farming68%
Farming Norway70%
Scottish Sea Farms20%
SalMar Aker Ocean15%
Sales & Industry12%
Processing/Sales15%
Key Brands
Consumer & trade brands
SalMarScottish Sea FarmsNRS (Norway Royal Salmon)
Global Footprint
Operating & export countries
🏭 Operates / manufactures in
UKNorwayIceland
📦 Exports to
EUSouth KoreaBrazilUKChinaUSAJapan
Source: SalMar annual report FY2024 · Operates in 3 countries · Exports to 7 markets
Key Facts
What matters about SalMar
Frøya processing plant is one of the most automated salmon plants in the world — 70K+ tonnes/year
2500
Merged with Norway Royal Salmon (NRS) in 2022, valuing NRS at ~NOK 22B — expanded capacity by ~50%
Oslo: SALM
Scottish Sea Farms (50% JV with Lerøy) makes SalMar a leading UK salmon producer
230000
Consistently achieves lower cost per kg than Mowi due to scale and automation in Norwegian operations
1991
Listed · Oslo Børs
Financial data on this page is sourced from official filings. For current share price, visit the investor relations page above.
Live Stock Price
Latest Quarterly Highlight
Quarterly earnings data for SalMar is updated periodically. Check the investor relations page for the most recent quarterly report.
→ View latest results ↗Country Intelligence
Data Quality
◑
Partially Verified
Profile Data Status
Last Reviewed: Not yet reviewed
Revenue
$22.0BFY2024Reported
✓ Verified — no source linkedAbout this rating:“Partially Verified” means selected profile information has been checked against identified sources. It is not an audit, endorsement, credit rating, or investment recommendation.
Recent Intelligence
mediumQuarterlyResults
SalMar Q1 2024 Results: Harvest 56,600 Tonnes, Operational EBIT NOK 780 Million
📅 2024-05-14
highGovernmentRegulation
Norway Implements Traffic Light System Restrictions on Salmon Production Capacity in High-Lice Zones
📅 2024-01-01
Key Brands
🏷 SalMar
seafood · trade
Procurement
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Official Sources
Data sourced from official company filings. AnimStok is not affiliated with SalMar.
Market Intelligence
Latest News — SalMar
News from public industry feeds. Links open original publisher websites.