COMPANY

BioMar Posts 12% rise in Sales for First Quarter of the Year

Aarhus, Denmark, 6 May 2025 | Parent company wighs up stock market flotation

Granja marina de LetSea en Noruega | BioMar GroupLetSea Farm in Norway |BioMar

Danish aquaculture nutrition specialist BioMar has reported a 12% increase in sales volumes for the first quarter of 2025, driven by steady growth across all sectors-particularly in shrimp and salmon feed-with Norway remaining a key market.

Revenues reached 3.399 billion Danish kroner (approximately €442 million), reflecting a year-on-year growth of 5%. This performance came despite ongoing pressure from raw material costs, which have continued to affect selling prices.

EBITDA stood saat DKK 206 million (€26.8 million), marking a 24% decline compared to Q1 2024. However, parent company Schouw & Co. explained that the result was broadly in line with expectations once the one-off gain of DKK 65 million from the salmon segment recorded last year is excluded.

At the same time, BioMar announced major progress in its joint venture in China, along with technological developments, and confirmed the full acquisition of LetSea-a Norwegian innovation and testing centre for fish feed. This move, the company says, will further strengthen its global leadership in R&D.

The group remains focused on enhancing its range of functional feeds, deepening commercial partnership, and delivering profitable growth, all while maintaining a robust financial position-notably through reduced net working capital and strong returns on invested capital (ROIC).

Looking ahead to the full year, BioMar has maintained its guidance, with revenue forecast between DKK 16 and 17 billion (€2.08 to €2.21 billion). EBITDA is expected to come in between DKK 1.47 and 1.57 billion (€191 to €204 million).

Schouw & Co. also confirmed that it is nearing the final stages of selectin underwriters for a potential IPO, as part of its ongoing consideration of a separate stock market listing for BioMar.

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