– The shortage of salmon can be extended

In general, there are at present couple of steps to enhance capacity, so salmon volume growth above the next handful of years is very likely to be average at greatest, he concludes.

The ideal breeding pressure

Among the Norwegian seafood producers, Mowi is SEB’s favorite, partly thanks to the group’s contracts with key food stuff chains and its means to develop fish feed.

– Mowi is also geographically assorted in terms of both generation and market, states Rolland.

– The company is a leader in the rapid-developing and very well-paid American current market.

The gain of self-created feed is that it guarantees traceability, in accordance to the analyst. He believes that a entirely built-in price chain also lessens the group’s vulnerability to price improvements, as salmon and fish feed costs are likely to transfer hand in hand.

– Summer’s shorter-expression price drop in the spot market place features a excellent getting prospect for this inventory, he says.

Overruns and delays

– Which fish stocks do you want to keep away from?

– We are however waiting around for Atlantic Sapphire, Rolland informs.

– The company has not still documented massive-scale harmless biology and the new large building challenge is enduring overruns and delays.

Earlier this year, SEB experienced a market advice on Atlantic Sapphire, but the price tag fall and refinancing intended the share was subsequently upgraded to “hold”.

– New technologies is creating rapidly, Rolland factors out.

– We believe that the new plant will function, but there is still a long way to go prior to the firm generates favourable funds flows.