Icelandic Salmon AS (Arnarlax) Overview
Pro stress-test →Arnarlax is the biggest producer of salmon in Iceland. The company uses sustainable, natural methods of aquaculture, producing high quality salmon that gets its strength, texture and unique taste from the strong currents and clean water off the coast of Iceland. Icelandic Salmon is dual-listed on the stock exchange market, both at the Euronext Growth in Oslo and NASDAQ First North in Reykjavík, and is the 100% owner of Arnarlax ehf, the leading farming company in Iceland with head office in Bildudalur.
Strategic Profile
Pro stress-test →The Group is fully integrated, from egg and until the fish is delivered to customers in the market, with control over all parts of the value chain. The company is 51 percent owned by SalMar and expects to harvest 16,000 metric tons of salmon annually, making it the largest aquaculture company by production in Iceland. The company sees significant growth potential of up to 26,000 tonnes on its current licenses.
Competitive Landscape
Pro stress-test →Arnarlax is the largest aquaculture company by production in Iceland. The primary competitive landscape includes Norwegian salmon producers (SalMar parent company being 51% owner), Faroese and Scottish salmon farms, and emerging Chilean operations. North America remains an important market for the Group, with sales also increasing to Europe.
Industry Context
Icelandic Salmon AS (Arnarlax) operates in Aquaculture - Atlantic Salmon Farming and Processing.
Key facts
Headquarters: Bíldudalur, Iceland · Revenue: EUR 49.9M (Q4 2024)