Norway · Delayed Price · Currency is NOK The Kingfish Company Earnings Call Transcripts
Fiscal Year 2025
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Sales volume rose 41% and revenue 31% year-over-year, with operational improvements and a focus on large-sized fish for the Horeca segment. EBITDA break-even is delayed to early 2026, but liquidity and cost controls remain strong.
Fiscal Year 2024
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Q4 2024 saw a 60% sales volume increase and 44% revenue growth year-over-year, though margins were pressured by lower prices and higher production costs. Strategic actions included a EUR 40 million equity raise, biomass optimization, and a focus on high-value segments, with EBITDA break-even targeted for 2025.
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Sales volume and revenue saw strong year-on-year growth, with a higher share of large-sized fish improving margins. Operational costs rose temporarily, but profitability is expected to improve, targeting EBITDA breakeven and positive cash flow by 2025.
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Sales volume rose 36% and revenue 31% year-over-year, driven by growth in food service and larger fish sizes. EBITDA is nearing breakeven, with cost reductions and sales expansion expected to support profitability.