“NRS has during the first quarter experienced more biological challenges with winter wounds in the Norwegian operations than normal,” the company said in a market update.
“NRS has for welfare reasons, therefore chosen to accelerate the harvest of the affected fish. This has resulted in a low superior share and lower price achievement than the prevailing market prices might suggest.”
The company said it estimates an operating profit of NOK 115 million (£9.6m) in the first quarter of 2022 due to the low price achievement in the quarter and certain non-recurring costs.
More information will be given in NRS’ full Q1 2022 report to be released on May 25.