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Johnny Duedahl
CFO
- +47 98 20 68 33
- Profile
Johnny Duedahl (born 1971) was appointed as CFO in March 2024 after having served as interim CFO since October 2023.
Duedahl holds extensive experience in management and finance leadership roles. His most recent positions include serving as CFO of Nortech AI AS and as CFO of Kvass AS. Previously, he has served as CFO at Nexans Norway -AS and as SVP at BW Offshore, along with various senior leadership positions and board mandates. Duedahl also has long experience as auditor in Ernst & Young.
He holds a bachelor in auditing from Agder Distriktshøyskole, and a master’s degree in accounting from the Norwegian School of Economics (NHH).
Duedahl owns 35,000 shares in BioFish through Emca AS.
Why invest
Key investment highlights
BioFish is perfectly positioned for the post-smolt future, supported by a favorable market environment and strong biological performance.
BioFish is a strategically located RAS facility in an area (PO3) in Norway with high fish farming density. This location implies shorter transportation distances, which is beneficial for fish health and logistics. The company completed its facility expansion in 2023 and is now focused on maintaining strong biological performance and scaling production driven by strong market fundamentals.
Fish farmers increasingly demand larger smolt/post-smolt. This trend is expected to continue as larger smolts are more resistant to diseases and allow for more even production throughout the year. Moreover, larger smolt enable a shorter sea phase, which can be positive for fish health and welfare, thereby facilitating a higher permit utilisation in the sea.
BioFish has a good track record of delivering robust, high-quality smolt. Both fresh water and sea water are used in the production to better prepare the smolt for seawater environment, and the temperatures used in early phase reflect the environment of wild salmon. The site uses gravity to deliver smolt to the wellboat instead of pumps, which reduces stress on smolt during a vulnerable phase.
BioFish has identified three main routes to growth. These include expansion of the existing facilities, making strategic acquisitions, and forming partnerships – or a combination thereof. Each of these routes offers unique advantages and potential for substantial returns on investment, and the selected approach will depend on strategic rationale, timing and price.