NZK Market Update
30 July 2021
NZK - NEW ZEALAND KING SALMON – Earnings update
Further to advice provided on 3 June 2021, regarding difficulties with trading in the first half
of FY22 (1H22: Feb to July 21), NZK is now able to be more specific on full year guidance.
The 2022 earnings forecast of proforma EBITDA is in the range of $8.0m to $10.0m, the
majority to be generated in 2H22.
Fish size, which was a problem in the first half due to a one-off issue with the model, has
now recovered and biomass is on track for a satisfactory position in October 2021. Price
increases have also been implemented.
A hearing date has been established for the open ocean farming consent application,
named “Blue Endeavour”, in October 2021, which has the potential to generate significant
supply in future years.
ENDS
Contacts
Grant Rosewarne, Managing Director and CEO, New Zealand King Salmon Investments Ltd
email: grant.rosewarne@kingsalmon.co.nz
About New Zealand King Salmon New Zealand King Salmon is the world’s largest aquaculture producer of the
premium King salmon species. We operate under our four key brands: Ōra King, Regal, Southern Ocean, and
Omega Plus, as well as the New Zealand King Salmon label. We have been growing and selling salmon to
consumers for more than 30 years. Today we employ around 500 people. New Zealand investors make up a
significant percentage of the ownership of NZ King Salmon and the communities of Marlborough, Nelson Bays
and Tasman are well represented, with around 400 of the 2,700 shareholders from Top of the South. More
information can be found at www.kingsalmon.co.nz
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
Other issuers discussed similar conditions around this time
Matched by meaning across NZX announcement text, not keywords — based on our semantic index of announcement bodies.
- KFL — Kingfish Limited: KFL NAV as at 30/6/21 – $1.76312021-07-01
“KFL NAV as at 30/6/21 - $1.7631 Date30/6/202123/6/2021 KFL NAV$1.7631$1.7570 Share price close$2.02 $2.02 (Premium)(15%)(15%) The five largest portfolio holdings at 30 June 2021 are approximately as follows: Mainfreight20% Infratil15% Fisher & Paykel Healthcare15% Auckland Inter…”
- KFL — Kingfish Limited: KFL NAV as at 23/6/21 – $1.75702021-06-24
“KFL NAV as at 23/6/21 - $1.7570 Date23/6/202116/6/2021 KFL NAV$1.7570$1.7416 Share price close$2.02 $2.01 (Premium)(15%)(15%) The five largest portfolio holdings at 23 June 2021 are approximately as follows: Mainfreight19% Fisher & Paykel Healthcare16% Infratil15% Summerset9% Au…”
- KFL — Kingfish Limited: KFL NAV as at 2/6/21 – $1.75192021-06-03
“KFL NAV as at 2/6/21 - $1.7519 Date2/6/202131/5/2021 KFL NAV$1.7519$1.7441 Share price close$2.05 $2.01 (Premium)(17%)(15%) The five largest portfolio holdings at 2 June 2021 are approximately as follows: Mainfreight20% Infratil15% Fisher & Paykel Healthcare15% Summerset8% Auckl…”