Salem(SALM)
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SalMar - Record high harvest volume and positive cost development
Globenewswire· 2025-11-06 05:30
Core Insights - The company reported weak financial results in Q3 2025 due to low market prices for salmon, despite achieving record-high harvest volumes and demonstrating flexibility in harvesting and processing facilities [1][5] - Strong demand for products and positive underlying cost developments are expected to improve future results [1][4] Harvest Volume and Cost Expectations - Total harvest volume for 2025 is projected at 299,000 tons, a 19% increase from 2024, with expectations for further growth in 2026 to 319,000 tons, representing a 7% increase [3] - The company anticipates reduced costs across all segments in Q4 2025, supported by improved biological performance and lower input prices [2][4] Financial Performance - Operational EBIT for Norway in Q3 2025 was NOK 858 million, with a harvest volume of 89,400 tons, resulting in an operational EBIT per kg of NOK 9.6 [5] - For the group, operational EBIT was NOK 711 million with a total harvest volume of 93,200 tons, leading to an operational EBIT per kg of NOK 7.6 [5] Market Conditions and Strategic Developments - The year 2025 has seen lower salmon prices and global uncertainty, but the company expects limited global supply growth in 2026 alongside continued strong demand [4] - The merger with Wilsgård, completed in August, has strengthened the company's presence in Northern Norway and is expected to facilitate sustainable growth [5]
SalMar - Invitation to presentation of the third quarter 2025 results
Globenewswire· 2025-11-03 14:00
Core Points - SalMar will present its results for the third quarter of 2025 on November 6, 2025, at 08:00 CET at the Grand Hotel in Oslo [1] - The presentation will be led by CEO Frode Arntsen and CFO Ulrik Steinvik [1] - An English webcast recording will be available from 10:00 CET on the company's website [2] Presentation Details - The presentation will be available on Norwegian webcast at 08:00 CET, with opportunities for questions during the session [2] - Following the main presentation, there will be two group presentations: one in Norwegian at 12:00 CET and another in English at 15:15 CET [2] - Registration for the presentations can be done via Arctic Securities [2] Availability of Results - The results will be accessible from 06:30 CET on the company's homepage and the Oslo Stock Exchange's page [3] - For further inquiries, Håkon Husby, Head of Investor Relations, can be contacted via phone or email [3]
Salem Media Group Announces the Issuance of SALM Stock to Co-Founder and Executive Chairman, Edward G. Atsinger III, in Lieu of Cash, and the Removal of Stock Forfeiture Provision for Previous Restricted Stock Grants
Globenewswire· 2025-10-16 22:08
Core Points - Edward G. Atsinger III, Co-Founder and Executive Chairman of Salem Media Group, has opted to receive his remaining 2025 compensation in Restricted Class A Common Stock instead of cash, demonstrating his commitment to the company's long-term success [1] - The stock award consists of 218,067 shares, equating to a cash compensation amount of $168,500 for the period from September 21, 2025, to December 31, 2025, and will vest in twelve months without additional restrictions [2] - In January 2025, Mr. Atsinger was granted a Stock Bonus of 400,000 Restricted Class A Common Stock, with the Board waiving the forfeiture provision to allow both his Stock Compensation and Stock Bonus to remain effective after December 31, 2025 [3] Company Overview - Salem Media Group is a leading multimedia company in the United States, focusing on Christian and conservative content, reaching millions daily through its national radio network, digital platforms, and publishing brands [4]
SalMar - Prospectus approved for listing of two green bond issues
Globenewswire· 2025-10-15 13:20
Core Points - SalMar ASA has successfully issued two senior unsecured green bonds totaling NOK 2,000,000,000 [1][3] - The bonds include a fixed coupon rate bond maturing in 2033 and a floating coupon rate bond maturing in 2032 [3] - The listing prospectus for the bonds has been approved by the Financial Supervisory Authority of Norway [1][2] Bond Details - The first bond is NOK 1,000,000,000 with a fixed coupon rate of 5.15% per annum, maturing on 22 August 2033 [3] - The second bond is NOK 1,000,000,000 with a floating coupon rate of 3mN+135bps per annum, maturing on 23 August 2032 [3] Listing Information - The company plans to submit a listing application to Euronext Oslo Børs and expects the first day of listing to be around 17 October 2025 [2] - The prospectus for the bonds is available on the company's website [2]
Salem Podcast Network Adds The Josh Hammer Show in Partnership with Newsweek
Globenewswire· 2025-10-13 14:00
Core Insights - Salem Media Group has announced a new distribution partnership with Newsweek for The Josh Hammer Show, expanding its reach to millions of listeners nationwide [1][2] - The show will launch on October 16, airing daily from Monday to Friday, and will focus on timely commentary on pressing issues [3] - The addition of The Josh Hammer Show to the Salem Podcast Network (SPN) is part of SPN's rapid growth, which has increased by 12% year-to-date [4] Company Overview - Salem Media Group is a leading multimedia company in America, specializing in Christian and conservative content across various media properties, including radio and digital platforms [6] - The company serves a dedicated audience of millions daily, providing compelling audio and video programming, as well as relevant commentary from respected figures in the Christian and conservative media landscape [6]
SalMar – Q3 2025 Trading update
Globenewswire· 2025-10-07 16:00
Consolidated Harvest Volumes - Total consolidated harvest volumes for Q3 2025 amount to 93.2 thousand tonnes gutted weight [1] - Breakdown of harvest volumes includes: - Farming Central Norway: 47.0 thousand tonnes - Farming Northern Norway: 42.5 thousand tonnes - SalMar Ocean: 0 thousand tonnes - Icelandic Salmon: 3.8 thousand tonnes [1] Upcoming Report and Presentation - The Q3 2025 report is scheduled for release on Thursday, 6 November at 06:30 CET [1] - A presentation will follow, available through Norwegian webcast at 08:00 CET and English webcast (recording) at 10:00 CET [1]
SalemNOW Premieres “Prescription to Kill,” a New True Crime Series Hosted by Kevin Sorbo
Globenewswire· 2025-10-02 17:57
Core Insights - Salem Media Group's streaming service SalemNOW has launched a new true crime docuseries titled "Prescription to Kill," hosted by Kevin Sorbo, focusing on the connection between prescription medications and acts of violence [1][6] - The series is based on a two-year legal battle that revealed FDA reports linking psychotropic drugs to homicides, including school shootings [3][4] - The release of "Prescription to Kill" comes at a time when the U.S. is facing a rise in targeted violence, prompting discussions about the role of psychiatric medications in these incidents [4][6] Company Overview - Salem Media Group is a leading multimedia company in the U.S. that specializes in Christian and conservative content, reaching millions through various platforms [9] - SalemNOW is positioned as a premier streaming platform for conservative and Christian content, featuring a range of films, docuseries, and original programming [8] Series Details - "Prescription to Kill" is a multi-episode investigative series directed by Andrew Thibault and produced by High Speed Films, LLC [2][7] - The series combines authentic footage, expert testimony, and previously unreleased FDA records to explore the potential link between psychotropic medications and mass violence [4][6]
Salem Media Group Promotes Linnae Young and Jamie Cohen to Senior Leadership Roles
Globenewswire· 2025-09-25 16:02
Core Insights - Salem Media Group has announced two key promotions to enhance its digital growth and internal talent development [1][4] - Linnae Young has been promoted to Chief Revenue Officer, bringing 27 years of experience within the company [2][3] - Jamie Cohen has been promoted to Chief Digital Officer, a newly created role aimed at unifying digital operations [3][4] Group 1: Promotions and Leadership - Linnae Young's promotion reflects her proven ability to build teams and revenue streams, essential for Salem's growth strategy [3] - Jamie Cohen's new role as Chief Digital Officer is designed to consolidate all digital assets under a unified strategy, showcasing his success in scaling a $6 million business to over $40 million [4] - The promotions signify Salem's commitment to advancing talent from within and fostering innovation [4] Group 2: Company Overview - Salem Media Group specializes in Christian and conservative content, reaching millions daily through various media platforms [5] - The company aims to lead in the digital marketplace as a fully integrated media company under the new leadership [4]
SalMar - Issuance of Commercial Papers
Globenewswire· 2025-09-11 06:45
Company Overview - SalMar ASA is one of the world's largest and most efficient producers of salmon [1] - The company has farming operations in Central Norway, Northern Norway, and Iceland, along with substantial harvesting and secondary processing operations [2] - SalMar operates within offshore aquaculture through SalMar Ocean and owns 50% of Scottish Sea Farms Ltd [2] Financial Instruments - SalMar has issued two new commercial papers, each with a nominal amount of NOK 650,000,000 [1] - The commercial papers have an issue date of 15 September 2025 and a maturity date of 15 September 2026 [1] - The commercial paper with a floating rate has a coupon of 3-month NIBOR + 50 basis points, while the fixed-rate paper has a coupon of 4.58% per annum [3]
Salem Media Statement on the Assassination of Charlie Kirk
Globenewswire· 2025-09-10 22:06
Core Viewpoint - Salem Media Group expresses profound sorrow over the assassination of Charlie Kirk, highlighting the attack as a cowardly act aimed at silencing a prominent Christian conservative voice [1][2]. Company Response - Salem Media Group extends heartfelt condolences to Charlie Kirk's family, friends, and the millions affected by this loss, urging believers to join in prayer for comfort and strength [4]. - The CEO of Salem Media, David Santrella, emphasizes that the assassination represents an attack on free speech and the values that Kirk championed, asserting that his legacy will continue to inspire future generations [3]. Industry Context - Salem Media Group is recognized as America's premier multimedia company specializing in Christian and conservative content, reaching millions daily through its national radio network, digital platforms, and publishing brands [5].