-
- ·Driven by continued strong demand for sustainably grown Yellowtail Kingfish in Europe and the US, The Kingfish Company [Euronext: KING] more than doubled sales from €3.8 million in H1 ’21 to €8.4 million in H1 ’22
-
- In the first half of 2022, the sales price of both small and large fish increased by 14% compared with the first half of 2021
-
- The Kingfish Company produced a record of 742 tons net growth of high-value Yellowtail Kingfish in H1 ’22, resulting in strong productivity index performance of 0.75 (net biomass growth per cubic meter capacity per day)
-
- In H1 2022 The Kingfish Company is for the first time cash positive for the Netherlands operations.
“We are pleased to report excellent operational results during the first half of 2022, and revenues more than doubled from EUR 3.8 million in the first half of 2021 to EUR 8.4 million in the first half of 2022. The sales price for both small and large fish in the first half of 2022 increased by 14% compared with the same period last year. Fresh fish demand continues to outstrip supply despite increased harvest levels and higher sales prices”, said Ohad Maiman, CEO of The Kingfish Company.
In the first half of 2022, The Kingfish Company achieved a record production of 742 tons net growth. This has resulted in sector leading productivity of 0.75 kg net growth per installed cubic meter per day for the first half of 2022, compared with 0.66 kg net growth in the first half of 2021. The Kingfish Company is pleased with over four years of continuous operations, and over 30 production cycles of fish produced from full cycle hatchery to harvest, with zero mass mortality events to date.
The Kingfish Company posted EUR -1.5m of operating cash flow in the first half of 2022, a significant improvement compared to EUR -3.0m in the first half of 2021. The net loss after tax in the first half of 2022 was EUR -2.8 million, which includes indirect costs and reflects development costs related to the scale-up phase of the business, and planned expansion of the company’s production capacity in the Netherlands and the US.
The company spent EUR 32.4 million on capital expenditure during the first half of 2022. The Kingfish Company continues the expansion of its facilities in Europe with system installation and construction entering its final stage, and in the US, all state and federal permits have been secured for the planned new facility in Maine. The Kingfish Company secured a EUR 75 million ESG linked bilateral loan with PCP in the first half of 2022.
While having been able to avoid significant cost overruns in the first 1.5 years of construction, given current supply chain issues and inflation, The Kingfish Company anticipates significant extra cost and potential delays for the remaining work to completion. Strict cost control measures are in place to limit the impact.
Para más información
Please see the attached the Investor Day and H1 2022 presentation. The Kingfish Company will present the strategic update and results presentation to investors, analysts, and media on Friday September 2nd, 2022 at 13:00 CET. The presentation will be followed by a Q&A session. Both will be hosted by the company’s CEO Ohad Maiman and CTO Kees Kloet.
Detalles de la llamada
Para consultas de medios de comunicación e inversores, póngase en contacto connpress@the-kingfish-company.com
Noticias de la empresanhttps://www.the-kingfish-company.com/news
n Acerca de The Kingfish Company
The Kingfish Company es pionera y líder en acuicultura sostenible en tierra. La capacidad de producción anual actual de sus instalaciones de Kingfish Zeeland, en los Países Bajos, es de 1.500 toneladas de rabil de gran calidad y valor.
La ampliación está en marcha y la capacidad en los Países Bajos alcanzará las 3.500 toneladas en el segundo semestre de 2022. En EE.UU., la obtención de permisos para la instalación de 8.500 toneladas de capacidad de la empresa avanza según lo previsto.n
La producción se basa en sistemas avanzados de acuicultura de recirculación (RAS), que protegen la biodiversidad y garantizan la bioseguridad. El bienestar de los animales es primordial y los peces se crían sin antibióticos ni vacunas. Las operaciones funcionan con energía 100% renovable, procedente del viento, la energía solar y el biogás. Las instalaciones de la empresa funcionan con agua de mar, lo que evita el derroche de la preciada agua dulce.
El principal producto de The Kingfish Company en la actualidad, el pez rey de cola amarilla (también conocido como Ricciola/Hiramasa/Gran serviola) es una especie de pescado de primera calidad muy versátil, muy conocida en las cocinas de fusión italiana y asiática.
Sus productos están certificados y aprobados como sostenibles y respetuosos con el medio ambiente por Aquaculture Stewardship Council (ASC), Best Aquaculture Practices (BAP) y British Retail Consortium (BRC). Fue ganadora del premio Seafood Excellence Award 2019, y está recomendada como opción verde por Good Fish Foundation.