- CEO
- Frode Arntsen
- Full Time Employees
- 3,073
- Sector
- Consumer Defensive
- Industry
- Agricultural Farm Products
- Address
- Industriveien 51 Kverva Norway 7266
- IPO Date
- May 9, 2019
- Business
- SalMar ASA, the world's second-largest producer of Atlantic salmon, engages in the breeding, smolt production, marine-phase farming, harvesting, processing, packaging and global sale of farmed salmon; it operates advanced recirculating aquaculture systems (RAS) smolt facilities, semi-offshore units including Ocean Farm 1 and Arctic Offshore Farming, closed net pens, and innovative development projects such as Smart Fish Farm for open-ocean operations and Marine Donut closed structures; the company maintains substantial harvesting and processing capabilities through InnovaMar in Central Norway (capacity of 150,000 tonnes annually) and InnovaNor on Senja in Northern Norway (also 150,000 tonnes capacity), alongside co-ownership in Vikenco AS for additional harvesting; SalMar conducts integrated sales and distribution activities targeting over 50 countries in Europe, Asia, North America and beyond, with sales offices in Japan, South Korea, Vietnam, Taiwan, Thailand and Singapore; it supplies fresh whole fish, frozen products, fillets, portions and value-added ready-to-eat salmon items through in-house sales teams and partners. Founded in 1991 and headquartered in Kverva, Norway, SalMar manages fish farming operations across Central Norway (84,387 tonnes maximum allowable biomass or MAB), Northern Norway (72,337 tonnes MAB), offshore sites, Iceland via its 52% stake in Icelandic Salmon (with hatcheries, farms and a processing plant in Bildudalur), and the United Kingdom through a 50% ownership in Scottish Sea Farms (operations in Scotland, Orkney and Shetland); the company focuses on sustainable aquaculture, high fish welfare, low environmental impact and biological efficiency to serve consumer markets demanding healthy protein. Recent developments include the completion of a controlling 45% stake acquisition in AS Knutshaugfisk in February 2025, adding 3,466 tonnes MAB across four Mid-Norway sites and boosting total volume potential to 370,000 tonnes; the merger with Wilsgård AS finalized in August 2025, enhancing Northern Norway presence with 5,844 tonnes MAB in production areas PO10 and PO11; record-high Q3 2025 harvest of 93,200 tonnes group-wide amid positive cost reductions and superior biological performance, particularly in Northern Norway; projected 2025 group harvest of 299,000 tonnes (19% increase from 2024) and 319,000 tonnes in 2026; ongoing offshore advancements with Ocean Farm 1's third cycle and Arctic Offshore Farming's first cycle completed in 2024; and recognition as the top global food and beverage company for sustainable growth in 2025 by TIME Magazine and Statista, reflecting a 35% reduction in GHG intensity since 2020.