SALMAR AS
Score · fiscal year 2024
31of 100
How to read this: the company is ahead of 15 % of companies in the Morning class Large in the same sector in 2024. What does this mean?
Rank in the Morning class Large: 89 of 105 · What are Morning company classes?
Place in the whole sector: 1,623 of 2,010 · Sjømat
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 62 and solidity 5 out of 100 among companies in the Morning class Large in the same sector in 2024. Methodology
Against the sector
SALMAR AS is 18 points below the median for companies in the Morning class Large in the same sector in 2024.
Median score 49 among 105 companies.
Against companies in the Morning class Large in the same sector in 2024: operating margin 5.7% (median 7.7%) and equity ratio 15.0% (median 39.8%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 23,720 MNOK | 1,072 MNOK |
| Operating margin | 5.7% | 7.7% |
| Profit margin | 5.4% | 6.2% |
| Return on assets | 22.4% | 10.4% |
| Equity ratio | 15.0% | 39.8% |
| Debt-to-equity | 5.66 | 1.46 |
| Current ratio | 1.13 | 1.87 |
| Revenue growth | −6.6% | 5.4% |
| Revenue per employee | 17.20 MNOK | 11.52 MNOK |
The median and “ahead of” refer to companies in the Morning class Large in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 31, SALMAR AS does better than 15% of companies in the Morning class Large in the same sector (105 companies) in 2024.
Score 2023–2025
- SALMAR AS
- Median: companies in the Morning class Large in the same sector
What the numbers say
SALMAR AS had an operating margin of 5.7% and an equity ratio of 15.0% in 2024, and ranks 1,623 of 2,010 in Sjømat.
No large changes in the key figures from 2023 to 2024.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 1,004 MNOK and 10,527 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 10,527 MNOK |
| EV/EBIT | 8.0 | 9,561 MNOK |
| P/B | 1.0 | 1,004 MNOK |
A mechanical estimate from public accounts, not advice. Mechanical estimate from public accounts with fixed multiples. Not a valuation and not advice to buy or sell. The multiples are provisional default values and must be adjusted per sector before the figures are used for anything. See the calculation
Worth a closer look
No rules were triggered for this year.
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 3.8% of the debt in 2024. The policy rate averaged 4.50 % the same year. This is a plain description of what the debt cost, not a model of interest sensitivity.
See interest rates, prices and exchange rates for the sector
Data quality
No anomalies found in the figures.
Scenario analysis: the sector's weakest year
We have no accounts for 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of −0.5%. Based on the 10 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 62 | weight 30% |
|---|---|---|
| Solidity | 5 | weight 25% |
| Liquidity | 19 | weight 15% |
| Growth | 21 | weight 15% |
| Consistency | 36 | weight 15% |
Durability: 29 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is SALMAR AS?
The operating margin was 5.7% in 2024, against a median of 7.7% among companies in the Morning class Large in the same sector. Return on assets was 22.4%.
How solid is SALMAR AS?
The equity ratio was 15.0% in 2024 (median 39.8%). Debt-to-equity was 5.66 (median 1.46).
What is the liquidity of SALMAR AS like?
The current ratio was 1.13 in 2024 (median 1.87).
How does SALMAR AS compare in Sjømat?
SALMAR AS ranks 1,623 of 2,010 in Sjømat for 2024. Among companies in the Morning class Large it is number 89 of 105. Revenue changed by −6.6% from the year before.
Group accounts
The company is registered as part of a group, but we have no group accounts for it. Group accounts are filed by the parent company, and open data does not say which company that is.
Read the figures with care: a company in a group can look strong because of group contributions, or weak because dividends go up to the parent. The figures are indications, not the full picture.
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 958973306
- Legal form
- AS · part of a group
- Sector
- Sjømat (10.202)
- Morning company class
- Large
- Employees
- 1,379 registered 10 October 2026
- Founded
- 1 October 1990 36 years in operation
- Share capital
- 0.20 MNOK
- Business address
- Industriveien 51, 7266 KVERVA (FRØYA)
- Municipality
- Frøya rank 1–8 of 9 in KOSTRA group 3
- Latest accounts filed
- 2025
- LEI
- 5493002IT17S086IXJ86 renews 29 June 2027
Source: Central Coordinating Register, Brønnøysund Register Centre. The employee count is reported by the company and may be older than the accounts. See the company at the Brønnøysund Register Centre
Ownership and roles
- Chief executive
- Simon Andre Søbstad
- Chair of the board
- Gustav Witzøe
- Deputy member
- Ulrik Steinvik
- Auditor
- ERNST & YOUNG AS
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
- Parent company
- SALMAR ASA (Norway)
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 29 October 2026. The parent is the one the company itself reported to GLEIF.
Owners and shareholdings will appear here once the shareholder data extract is in place.
Coming · not built yet
Error in the data?
Do you see an error in the figures or in how the company is mapped (sector, holding, group)? Let us know. Corrections require documentation.
Figures last fetched 28 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 28 | 31 | 31 | |
| Rank | 1,721 | 1,623 | 1,907 | |
| Operating margin | 4.6% | 5.7% | 1.2% | |
| Return on assets | 20.8% | 22.4% | 6.9% | |
| Equity ratio | 16.2% | 15.0% | 16.7% | |
| Current ratio | 1.14 | 1.13 | 1.16 | |
| Revenue growth | – | −6.6% | 1.3% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 25,402.8 MNOK | 23,719.7 MNOK | 24,024.8 MNOK |
| Operating profit | 1,170.1 MNOK | 1,353.7 MNOK | 280.0 MNOK |
| Profit before tax | 1,015.4 MNOK | 1,278.7 MNOK | 226.3 MNOK |
| Net profit | 796.9 MNOK | 1,052.7 MNOK | 174.7 MNOK |
| Financial expenses | 231.9 MNOK | 217.1 MNOK | 221.7 MNOK |
| Total assets | 5,999.8 MNOK | 6,683.2 MNOK | 6,468.5 MNOK |
| Current assets | 4,087.7 MNOK | 4,854.1 MNOK | 4,649.7 MNOK |
| Equity | 974.6 MNOK | 1,003.7 MNOK | 1,079.4 MNOK |
| Retained earnings | 215.7 MNOK | 180.6 MNOK | 76.0 MNOK |
| Total liabilities | 5,025.2 MNOK | 5,679.5 MNOK | 5,389.1 MNOK |
| Current liabilities | 3,591.6 MNOK | 4,291.9 MNOK | 4,023.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 6123529.
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