STRONG THIRD QUARTER FOR AKER BIOMARINE

Strong third quarter for Aker BioMarine. Aker BioMarine ASA reports revenues of USD 68 million and Adjusted EBITDA of USD 19 million for the third quarter 2022.

“Aker BioMarine delivers higher sales growth and EBITDA, driven by improvement in all segments compared to the same quarter last year. Especially the Qrill segment reports strong figures, with high sales volumes and prices for Qrill Aqua. We have significantly improved our Antarctic krill harvesting, and so far, this year, the production of krill meal is above 50,000 tons, which is 23% above last year.”, said Matts Johansen, CEO of Aker BioMarine.

Highlights third quarter:

– Revenues of USD 68 million, up 10% from same quarter last year

– Adjusted EBITDA of USD 19 million, up from USD 15 million the same quarter last year

– Sales in the Ingredients segment, up 11% from same quarter last year

– Sales in the Brands segment, up 10% from same quarter last year – Offshore production volume was 12,737 MT in the quarter, 77% above same quarter last year.

For 2022, Aker BioMarine targets revenue growth of 8%-12%, with an adj. EBITDA margin of 23-26%. The company expects a lower revenue growth and at the same time higher margins than previously targeted, which implies an unchanged targeted adj. EBITDA.

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