Beskrivning
| Land | Norge |
|---|---|
| Sektor | Handel & varor |
| Industri | Dagligvaror |
2022-07-22 08:30:00
Statt Torsk ASA ("STATT" or "the Company") entered 21.07.2022 into an agreement
for sale of farmed cod. Deliveries will start in September and the content of
the agreement means that approximately 1,600 tonnes WFE of initiated production
has been sold. Expected value for the Company for this agreement is
approximately MNOK 70.
"For STATT, this is a significant agreement with a customer who already knows
the Company and our fish. It is good for both the Company and our new industry
to get confirmation of the quality of farmed cod, especially with a customer who
has high demands on both product and supplier. Although we will never be
satisfied with the price we achieve, the agreement represents a good increase
compared to last year's price achievement. The security that follows an
agreement with such a customer is also important for the Company's development
in unstable times. Now we see the result of the changed production cycles from
18 to 30 months", Gustave Brun-Lie, CEO of Statt Torsk ASA.
The agreement will involve 2 weekly deliveries and approximately 30% of the
company's initiated and expected production. Statt Torsk ASA recently entered
into an agreement for financing of NOK 35 million for the build-up of
inventories to be able to carry out weekly deliveries of cod from September
2022.
For more information statt.no or contact:
Gustave Brun-Lie, CEO, gbl@statt.no
Bjug Borgund, CFO, bb@statt.no
About Statt Torsk ASA:
Statt Torsk ASA is listed on Euronext Growth Oslo with ticker "STATT" and with
operations in Stad municipality. The company produces and sells farmed Atlantic
cod. In 2016-2021, the company carried out three pilot productions to clarify
whether commercial production was possible. STATT is now in commercial
production with currently two sites with total 8 licenses in Vanylvsfjorden.