25.10
+2.03%
Close of 9 Nov 2026, in NOK
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About Andfjord Salmon Group AS
Its shares trade on Oslo Børs under the ticker ANDF.OL. It has been listed since 27 August 2019. In the fiscal year to 31 December 2025, it reported revenue of NOK 815,000 and a net loss of NOK 104.1m. At that date it held total assets of NOK 4.76bn and shareholders' equity of NOK 2.43bn.
Andfjord Salmon AS engages in the salmon farming business. The firm's developed a concept for a flow-through plant with seawater that combines the advantages of traditional farming in the sea and land-based farming. Andfjord Salmon aims to build fish-friendly and environmentally friendly facility for salmon, with the lowest possible energy consumption and cost. The firm develops production facilities and operating premises on Andoya. The company holds a license to farm 10,000 tonnes of maximum allowed biomass (MAB) and is in the first phase of development on fish farms at Kvalnes on Andoya to exploit the licence. The Company’s main activities consist of the development and construction of land-based fish farms.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Consumer Staples
- Industry
- Food Products
- Listed since
- 27 Aug 2019
- Employees
- 29
- Website
- andfjordsalmon.com ↗
Leadership
Pay as last reported
- Mr. Roger MosandIndependent Chairman of the board, since 2021NOK 33,024
- Mr. Martin RasmussenChief Executive OfficerNOK 1.6m
- Mr. Bjarne MartinsenChief Financial Officer
- Ms. Bettina FlatlandDirectorNOK 125,000
- Mr. Paul JewerDirector
- Mr. Roy PettersenDirectorNOK 1.6m
- Mr. Kim StrandenaesDirectorNOK 127,922
- Mr. Knut HolmoyIndependent DirectorNOK 125,000
- Ms. Gro KnutsenIndependent DirectorNOK 956
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Andfjord Salmon AS has a flow-through plant concept with seawater for sustainable salmon farming.
- The company holds a license for 10,000 tonnes of maximum allowed biomass on Andoya.
- Andfjord Salmon AS focuses on environmentally friendly facilities with low energy consumption.
Weaknesses
- The company employs only 29 people, indicating limited workforce capacity.
- Andfjord Salmon AS is in the first phase of development on Kvalnes fish farms.
- The firm operates in a highly regulated Consumer Staples sector with strict standards.
Opportunities
- Expanding the Kvalnes fish farms on Andoya to utilize the 10,000 tonnes MAB license.
- Growing demand for sustainable seafood products in the global market.
- Developing land-based fish farms to meet increasing environmental regulations.
Threats
- Regulatory challenges in the Consumer Staples sector affecting salmon farming.
- Competition from other salmon farming companies in Norway.
- Environmental risks associated with marine farming operations.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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