Good colleagues,​

It is a pleasure to share another good quarterly report with you.​

We had a very strong end to the quarter. In September, all divisions delivered higher results than last year. The result for the last 12 months is now higher than the 2023 budget. This is simply impressive given the challenges and uncertainty that have characterised the industry as a result of the proposal to introduce a resource rent tax. We have all the prerequisites to make 2023 the year we seriously positioned ourselves as a world-leading and profitable technology and equipment supplier to the global aquaculture industry. ​

The market in Norway has been weak since the summer holidays. We therefore need one last push from everyone if we are to continue the positive development towards the turn of the year and reach the budget target for the year.​

In our various value chains, we still face some challenges with deliveries and the repercussions of the new tax regime. Despite this, we deliver good figures, and we have good control of our customers and our market in all divisions. We should be proud that we are close to our customers, and do not lose them to other players. It’s a result of everyone’s unique efforts. ​

We will continue to solve our customers’ challenges. This requires that we are close to our customers in our customer follow-up, that we deliver sustainable and profitable solutions. ​

We have five strong divisions that create results individually, but also contribute to the whole being larger than the individual divisions. We have five skilled and driving division leaders who, together with their teams, create development and progress in their respective divisions, but who also ensure to strengthen the whole through synergies and interaction across the divisions. ​

I believe that we will finish 2023 with the flag at the top

Svein Vestermo
Interim CEO