Q4 2022 Ice Fish Farm AS Earnings Call Transcript
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Good morning. Welcome to our fourth-quarter 2022 results.
The highlights, revenue increased to NOK248 million from around NOK100 million in Q4. We finished generation 2020 and 2021, and that was well accomplished with EBIT of NOK4.1 per kilo.
Made possible with our certified premium salmon, we reached good price achievement for a relatively small size fish. And harvest volume of 3,150 tonnes in the quarter, and total for the year 11,300 tonnes as we indicated in Q3.
Biomass build-up is going as planned. Generation '22 planned to give over 20,000 tonnes of harvest. Investment amounted to NOK27 million in the quarter, and in total for NOK141 million for the full year.
Refinances in place of up to EUR156 million, that means we are fully financed for our future growth. Condition for the bank financing is that the company raises a gross cash amount of approximately EUR45 million in new equity, in addition to a conversion of the currently outstanding shareholder loans of approximately EUR25
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