AKER BIOMARINE ASA
Sector unknown·AKBM · Oslo Børs·Fiscal year to 31/12/2024
Exposure profile
Derived from what the company itself writes. Empty directions mean the report doesn't mention themes of that type.
In their own words
Grouped by theme, from the management review in the annual report. A · The company itself is a verbatim quote, B · From the report is without a verified quote.
Consumer preference shifts
End markets
DriverNegative impact: weakens
“Risks Impact Risk mitigation and management* Future sales growth Increased competition from alternative sources of omega -3s, such as GMO plants and algae, could impact growth in the demand for krill products globally and also put pressure on prices.”
Annual report 2024A · The company itself
DriverPositive impact: strengthens
“Growing market demand for healthy and sustainable food. Delivering high quality health nutrients in a sustainable way is both good for our business and society with a reduced carbon footprint.”
Annual report 2024A · The company itself
StrategyPositive impact: strengthens
“We invest in scientific studies to identify and substantiate benefits and marketing campaigns to increase public awareness of the benefits of krill nutrients for human and animal health and nutrition New krill derived products and products beyond krill Development and launch of new products without krill or krill products with added health and nutrition benefits increasing the value of krill raw material and broadening the product portfolio.”
Annual report 2024A · The company itself
Market
“Human Health Ingredients (HHI) played the most pivotal role in this achievement, with revenues increasing by 25% and krill oil sales up by 15%, contributing to a robust gross margin of 57%.”
Annual report 2024A · The company itself
Market
“At the end of 2023, we introduced PL+ to the market, and in 2024, we secured our first patent for PL+. This patented technology, which enhances nutrient absorption using marine phospholipids from Antarctic krill.”
Annual report 2024A · The company itself
Market
“Hege Spaun Our journey > Our fully integrated value chain Ingredients and brands LYSOVETA®, Aker BioMarine’s breakthrough brain health ingredient, delivers LPC-bound EPA and DHA (omega-3) in a brain-ready form, designed for targeted nutrient delivery to the brain—supporting cognitive function and long-term brain health. In 2022, the first commercial agreement was signed, and in 2024, the company sold its first commercial batch—an important milestone in its market launch.”
Annual report 2024A · The company itself
Market
“By significantly improving the bioavailability of key ingredients like omega-3s, CoQ10, and Curcumin among others, PL+ opens new market opportunities in areas such as heart health, joint health and cognitive support. This innovation enables brands to develop more effective, premium formulations and expand their product portfolios into high-growth health categories.”
Annual report 2024A · The company itself
Market
“Supported by 50+ human clinical trials and 135+ studies , Superba Krill is a leading science-backed krill oil, proven to support heart, brain, joint, skin, eye, and immune health.”
Annual report 2024A · The company itself
Market
“Revervia® is a 100% vegan, marine-origin DHA omega-3 from microalgae, offering one of the highest naturally occurring DHA concentrations on the market. DHA is essential for brain and eye health and early life nutrition.”
Annual report 2024A · The company itself
Chains out: this mixed effect Beer and beverages
Agriculture and food production
End markets
StrategyPositive impact: strengthens
“A Milestone in Our Strategic Growth A key achievement in 2024 was the successful completion of the Feed Ingredients transaction. This strategic move enables us to focus exclusively on human health solutions, allowing us to channel our expertise into a growing portfolio of krill-based supplements and other science-backed nutrition products.”
Annual report 2024A · The company itself
Market
“About us Key non-financial figures 2024 Aker BioMarine is a biotech innovator and human health and wellness company, dedicated to improving human health. The company has a strong position in its industry and operates across three key business segments: Human Health Ingredients (HHI), Consumer Health Products, and Emerging Business, each focused on developing high-quality, science-backed solutions for global markets.”
Annual report 2024A · The company itself
Market
“Company structure Aker BioMarine operates across three key business segments: Human Health Ingredients (HHI), Consumer Health Products, and Emerging Business Aker BioMarine is a leading innovator in its industry, specializing in krill- and algae-based ingredients for human nutrition, dietary supplements, and advanced health solutions.”
Annual report 2024A · The company itself
Market
“Understory is developing a sustainable marine protein with a complete amino acid profile, high bioavailability, and naturally occurring minerals.”
Annual report 2024A · The company itself
Market
“Strategic Progress and Transformation Following our strategic direction, we strengthened our position in the global health and nutrition industry.”
Annual report 2024A · The company itself
Market
“Through Lang Pharma Nutrition, Aker BioMarine develops and supplies private-label vitamins and dietary supplements to major U.S. retailers.”
Annual report 2024A · The company itself
Chains in: Grain and agricultural commodities mixed effect, Climate change and extreme weather weakens, Grocery retail and private label weakens
Retail
End markets
Market
“In our Consumer Health Products segment, we observed positive trends in out-of-store sales, though revenues were temporarily affected by retailers building down inventories and less promotional activity compared to the previous year.”
Annual report 2024A · The company itself
Market
“However, we remain confident in this segment’s long-term potential, supported by successful new product launches like "Multivitamin Gummies" at Sam’s Club, and general good demand for our products.”
Annual report 2024A · The company itself
Market
“Aker BioMarine’s HHI portfolio includes the following brands: Ingredients and brands Kori Krill Oil has established itself as a key player in the U.S. Omega-3 supplement market, as a significant brand in the category. Distributed by Aker BioMarine’s independent U.S. subsidiary, Epion Brands Inc., Kori is available at major retail chains, including Walmart, Target, CVS, and Sam’s Club.”
Annual report 2024A · The company itself
Market
“Ingredients and brands Aker BioMarine’s Consumer Brands segment includes the following brand: Aker BioMarine acquired Lang Pharma Nutrition, Inc. in 2019, a company with more than 35 years of history and experience in the nutrition and dietary supplement industry. Lang Pharma is a key partner to the world’s leading mass-market retail chains, with close to 200 different products on shelves of retailers, including Costco, Sam’s Club, Walmart, Target, CVS, and Walgreens.”
Annual report 2024A · The company itself
Market
“The Consumer Health Products segment focuses on making krill-based and non-krillbased nutrition accessible to a broader audience. Through Lang Pharma Nutrition, Aker BioMarine develops and supplies private-label vitamins and dietary supplements to major U.S. retailers.”
Annual report 2024A · The company itself
Market
“The Emerging Business segment includes Epion, Aker BioMarine’s consumer brand company that sells our own krill oil brand, Kori krill oil to the largest retailers in the US. The segment has also explored and scaled innovative sustainabilitydriven opportunities.”
Annual report 2024A · The company itself
Chains in: Consumer spending strengthens
Artificial intelligence
Technology
StrategyPositive impact: strengthens
“Core to our strategy Science and innovation are key pillars of our strategy. As of 2024, our team includes 7 scientists with PhDs, driving research and development. Since 2006, Aker BioMarine’s krill products have been featured in approximately 200 studies, supported through direct research efforts or collaborations with academic institutions.”
Annual report 2024A · The company itself
StrategyPositive impact: strengthens
“Upskilling through generative AI training Understanding the importance of digital fluency in a rapidly evolving landscape, we conducted training on generative AI for all office employees and managers. This initiative equips our team with cutting-edge skills, fostering innovation, efficiency, and enhanced problem-solving capabilities.”
Annual report 2024A · The company itself
Chains out: this strengthens Data centres, strengthens Semiconductors and electronic components, strengthens Semiconductor industry
Carbon tax and ETS prices
Regulation
DriverPositive impact: strengthens
“Consumer driven carbon and environmentally friendly products and transparency in CO2 and usage of resources A thorough environmental declaration on products and ambition to decarbonization of value chain backed up by concrete measures and benchmarks, will be used to demonstrate improvement of the environmental footprint of our products.”
Annual report 2024A · The company itself
StrategyPositive impact: strengthens
“Continuously improving We are taking systematic steps to reduce our CO₂ footprint by increasing energy efficiency across our operations. In collaboration with our krill raw material supplier, Aker Qrill Company, we are also working to lower emissions in harvesting activities.”
Annual report 2024A · The company itself
Chains out: this weakens Shipping and logistics, strengthens Energy efficiency, weakens Cement and building materials
Circular economy and recycling
Regulation
StrategyPositive impact: strengthens
“Repurposing to minimize product waste Aker BioMarine’s pilot plant in Ski, Norway, is now producing small volumes of human grade protein powder from krill residuals sourced from our Houston production facility. While production remains limited, efforts are focused on utilizing residual raw materials efficiently.”
Annual report 2024A · The company itself
Market
“While not yet in largescale production, Understory has received regulatory approval for sale in the United States, Canada, Australia, and New Zealand, with processes ongoing in the EU and other key markets AION, a spinoff from Aker BioMarine, specializes in plastic circularity. Born from Aker BioMarine's commitment to repurpose its plastic waste, AION is a business model innovation fostering a circular economy for sustainable plastic use. AION transforms plastic challenges into solutions for diverse industries.”
Annual report 2024A · The company itself
Chains in: EU climate and energy policy strengthens
Energy efficiency
Technology
StrategyPositive impact: strengthens
“Financial Capital Aker BioMarine has made several major infrastructure investments throughout its value chain. We are boosting supply chain efficiency through capital investments in our factory in Houston.”
Annual report 2024A · The company itself
StrategyPositive impact: strengthens
“Aker BioMarine is committed to minimizing its operational footprint across the value chain. The company’s primary resource inputs—krill, energy, water, and land—drive its environmental impact, with key focus areas including energy efficiency, recycling, and waste management.”
Annual report 2024A · The company itself
Chains in: Carbon tax and ETS prices strengthens, EU climate and energy policy strengthens
Plastics and polymers
Raw materials and inputs
Market
“We launched Revervia, a sustainable algae-based DHA omega-3 product, further expanding our plant-based nutrition portfolio.”
Annual report 2024A · The company itself
Market
“Revervia® is a 100% vegan, marine-origin DHA omega-3 from microalgae, offering one of the highest naturally occurring DHA concentrations on the market. DHA is essential for brain and eye health and early life nutrition.”
Annual report 2024A · The company itself
Chains in: Oil strengthens
Sugar, cocoa and coffee
Raw materials and inputs
Market
“Business Segments The Human Health Ingredients (HHI) segment is dedicated to developing and supplying krill and algea-based ingredients for dietary supplements and functional foods. The product portfolio includes Superba Krill Oil, a phospholipid-bound omega-3 supplement supporting heart, brain, and joint health; Lysoveta, a lysophosphatidylcholine (LPC) molecule designed to enhance omega-3 transport to the brain and eyes; Revervia, a new plant-based, marine source of DHA omega-3 oil from algae and PL+, a highconcentration phospholipid extract with specialized nutritional applications.”
Annual report 2024A · The company itself
Market
“The segment continued to expand in key markets, with sales of Superba krill oil increasing by 15% year-over-year.”
Annual report 2024A · The company itself
Automation and robotics
Technology
StrategyPositive impact: strengthens
“This growth is the result of a focused effort to reposition and improve our Superba business, strong demand for our scientifically backed products, and the consolidation and strengthening of our manufacturing capabilities in Houston, optimizing production efficiency and scalability.”
Annual report 2024A · The company itself
Digitalisation
Technology
StrategyPositive impact: strengthens
“Core to our strategy Science and innovation are key pillars of our strategy. As of 2024, our team includes 7 scientists with PhDs, driving research and development. Since 2006, Aker BioMarine’s krill products have been featured in approximately 200 studies, supported through direct research efforts or collaborations with academic institutions.”
Annual report 2024A · The company itself
Chains in: Cybersecurity (products and services) strengthens, Public investment and infrastructure strengthens
Chains out: this strengthens IT consulting and public-sector IT
Enzymes and biosolutions
Technology
Market
“Business Segments The Human Health Ingredients (HHI) segment is dedicated to developing and supplying krill and algea-based ingredients for dietary supplements and functional foods. The product portfolio includes Superba Krill Oil, a phospholipid-bound omega-3 supplement supporting heart, brain, and joint health; Lysoveta, a lysophosphatidylcholine (LPC) molecule designed to enhance omega-3 transport to the brain and eyes; Revervia, a new plant-based, marine source of DHA omega-3 oil from algae and PL+, a highconcentration phospholipid extract with specialized nutritional applications.”
Annual report 2024A · The company itself
Industrial manufacturing
End markets
StrategyPositive impact: strengthens
“This growth is the result of a focused effort to reposition and improve our Superba business, strong demand for our scientifically backed products, and the consolidation and strengthening of our manufacturing capabilities in Houston, optimizing production efficiency and scalability.”
Annual report 2024A · The company itself
Labour and wages
Raw materials and inputs
StrategyPositive impact: strengthens
“Gender equality Companies where women account for over 15 percent of senior management show higher returns. This represents an opportunity for our company to ensure democratic representation and diversity in management.”
Annual report 2024A · The company itself
M&A and consolidation
Macro
StrategyPositive impact: strengthens
“Strategic Transformation In September 2024, Aker BioMarine completed the divestment of its Feed Ingredients business, marking a strategic shift toward human health and wellness. This transition enables the company to focus entirely on advancing its portfolio of krill-based supplements and sciencebacked nutrition products.”
Annual report 2024A · The company itself
Packaging regulation and deposit schemes
Regulation
StrategyPositive impact: strengthens
“To further minimize waste and resource consumption, Aker BioMarine transitioned from one-time-use packaging for algae oil to reusable stainless steel vessels, significantly reducing material waste.”
Annual report 2024A · The company itself
Patent expiry and generic competition
Regulation
StrategyPositive impact: strengthens
“Our patent leadership Aker BioMarine remains a global leader in patented technology for krill-based innovations. By the end of 2024, we held a total of 143 granted patents, including those covering harvesting technologies, production methods, and nutraceutical products.”
Annual report 2024A · The company itself
Chains out: this weakens Biotech and drug development
Premium consumers
End markets
Market
“The Emerging Business segment includes Epion, Aker BioMarine’s consumer brand company that sells our own krill oil brand, Kori krill oil to the largest retailers in the US.”
Annual report 2024A · The company itself
Chains in: Consumer spending strengthens
Consumer spending
Macro
DriverPositive impact: strengthens
“Human Health Ingredients (HHI) played the most pivotal role in this achievement, with revenues increasing by 25% and krill oil sales up by 15%, contributing to a robust gross margin of 57%.”
Annual report 2024A · The company itself
DriverPositive impact: strengthens
“Epion’s direct engagement with the U.S. retail market provides valuable consumer insights, enabling Aker BioMarine to adapt to evolving consumer preferences and market trends.”
Annual report 2024A · The company itself
DriverNegative impact: weakens
“-Regulatory changes affecting omega-3 product claims and market access -Diverging global standards for omega-3 quality and sustainability -Active participation in GOED committees and working groups -Engagement in scientific research and consumer education efforts INVESTORS, LENDERS AND FINANCIAL MARKETS Financial institutions, lenders, owners and investors need to see profitability and company growth to maintain long-term investments and financing. -Long term view of company not attuned to short term investments -Market fluctuations and economic downturns affecting investor and lender confidence -Ongoing dialogue with owners, investors, and lenders -Quarterly presentations and Capital Markets Updates CUSTOMERS AND CONSUMERS A strong customer and consumer base drives profitability -Reduced consumer demand for products -Reduced belief in omega-3 supplements -Consumer chooses cheaper options -Communication of news, data, and messaging on the benefits of krill SUPPLIERS AND BUSINESS PARTNERS Third party suppliers of goods and services are key to business continuity.”
Annual report 2024A · The company itself
Chains in: Inflation weakens
Chains out: this strengthens Retail, strengthens Hospitality and leisure, strengthens Premium consumers, strengthens Grocery retail and private label
Drug approvals
Regulation
DriverNegative impact: weakens
“STAKEHOLDER GROUP MATERIALITY AND PURPOSE RELATED RISK KEY POINTS OF MEANINGFUL ENGAGEMENT GOVERNMENTS AND REGULATORY BODIES Regulatory approvals are essential for bringing our products to market. Compliance with food and dietary supplement regulations ensures product safety, market access, and business continuity.”
Annual report 2024A · The company itself
DriverPositive impact: strengthens
“Key commercial milestones in 2024 included the formalization of a long-term distribution partnership with Barentz International in Europe, securing a third health claim approval from the South Korean Ministry of Food and Drug Safety for joint health, signing a important contract for PL+ with a leading European customer, and establishing a strategic partnership in China with Function, the region’s largest Superba customer, which includes the licensing of Kori krill oil.”
Annual report 2024A · The company itself
Chains out: this strengthens Biotech and drug development
Mining
End markets
InputNegative impact: weakens
“Social Capital Our raw material supplier holds Antarctic krill fishing licenses issued by Norway, our home country. Our long-term access to the krill fishery depends on the responsible development of the krill industry. We must continue to ensure that there is scientific evidence and confidence that krill harvesting remains sustainable and closely aligned with global efforts to combat climate change.”
Annual report 2024A · The company itself
Chains in: Copper strengthens
Asia and emerging markets
Geography
DriverNegative impact: weakens
“In Korea, following the market shutdown in 2020, we secured the necessary scientific studies and regulatory approvals for re-entry in 2023. However, no new sales to Korea in 2024 due to significant inventory buildup at re-launch in 2023, but with sales ramp up slower than expected, resulting in sufficient stock carryover into 2024.”
Annual report 2024A · The company itself
DriverNegative impact: weakens
“Entry into new Asian markets with different regulatory regimes could also impact sales short to medium term, whilst offering good long-term sales potential.”
Annual report 2024A · The company itself
DriverNegative impact: weakens
“Global trade tariffs Implementation of trade tariffs on US export in Asia and Europe and import of raw material, negatively affecting our margins Monitor current situation.”
Annual report 2024A · The company itself
Geography
“In particular, we saw strong performance in key growth regions, including North America and select Asian markets, which played a vital role in driving overall segment performance.”
Annual report 2024A · The company itself
Geography
“We lease warehouses and office space at our headquarters in Oslo and our sales offices in the United States, Latin America, Australia, and Asia.”
Annual report 2024A · The company itself
Geography
“The most significant environmental impacts stem from energy consumption and emissions linked to manufacturing krill products and transporting them to customers across the US, Europe, and Asia.”
Annual report 2024A · The company itself
United States
Geography
DriverNegative impact: weakens
“Global trade tariffs Implementation of trade tariffs on US export in Asia and Europe and import of raw material, negatively affecting our margins Monitor current situation.”
Annual report 2024A · The company itself
Geography
“In particular, we saw strong performance in key growth regions, including North America and select Asian markets, which played a vital role in driving overall segment performance.”
Annual report 2024A · The company itself
Geography
“We lease warehouses and office space at our headquarters in Oslo and our sales offices in the United States, Latin America, Australia, and Asia.”
Annual report 2024A · The company itself
Geography
“Human Health Ingredients The Human Health Ingredients segment delivered strong growth with revenues of USD 98.0 million, up 17% year-over-year, driven by increasing demand across multiple regions, particularly China, Europe, and the United States.”
Annual report 2024A · The company itself
Geography
“The most significant environmental impacts stem from energy consumption and emissions linked to manufacturing krill products and transporting them to customers across the US, Europe, and Asia.”
Annual report 2024A · The company itself
Geography
“The company’s krill oil production and innovation hub is located in Houston, USA, supporting high-quality manufacturing and research capabilities.”
Annual report 2024A · The company itself
Chains in: USD vs DKK/EUR mixed effect
Europe
Geography
DriverNegative impact: weakens
“Global trade tariffs Implementation of trade tariffs on US export in Asia and Europe and import of raw material, negatively affecting our margins Monitor current situation.”
Annual report 2024A · The company itself
Geography
“Human Health Ingredients The Human Health Ingredients segment delivered strong growth with revenues of USD 98.0 million, up 17% year-over-year, driven by increasing demand across multiple regions, particularly China, Europe, and the United States.”
Annual report 2024A · The company itself
Geography
“The most significant environmental impacts stem from energy consumption and emissions linked to manufacturing krill products and transporting them to customers across the US, Europe, and Asia.”
Annual report 2024A · The company itself
China
Geography
DriverPositive impact: strengthens
“Key commercial milestones in 2024 included the formalization of a long-term distribution partnership with Barentz International in Europe, securing a third health claim approval from the South Korean Ministry of Food and Drug Safety for joint health, signing a important contract for PL+ with a leading European customer, and establishing a strategic partnership in China with Function, the region’s largest Superba customer, which includes the licensing of Kori krill oil.”
Annual report 2024A · The company itself
Geography
“Human Health Ingredients The Human Health Ingredients segment delivered strong growth with revenues of USD 98.0 million, up 17% year-over-year, driven by increasing demand across multiple regions, particularly China, Europe, and the United States.”
Annual report 2024A · The company itself
Tariffs and trade policy
Macro
DriverNegative impact: weakens
“Global trade tariffs Implementation of trade tariffs on US export in Asia and Europe and import of raw material, negatively affecting our margins Monitor current situation.”
Annual report 2024A · The company itself
DriverNegative impact: weakens
“Implementation of trade tariffs on US export in Asia and Europe, as well as import of raw material into the US, may negatively affect our margins For further information about risk management and mitigating actions, please see chapter 1.”
Annual report 2024A · The company itself
Chains in: Geopolitical uncertainty strengthens
Chains out: this weakens Global trade volumes
Aquaculture and fish feed
End markets
DriverPositive impact: strengthens
“The Commission for the Conservation of Antarctic Marine Living Resources (CCAMLR) affirms that the krill fishery is precautionary, which means that the activity does not drive changes in the krill population or threaten biodiversity.”
Annual report 2024A · The company itself
Climate change and extreme weather
Macro
DriverNegative impact: weakens
“Operational breakdown An incident in our onshore facility in Houston due to technical issues, natural disasters or pandemic related could have serious operational, environmental, and financial impact.”
Annual report 2024A · The company itself
Chains out: this weakens Agriculture and food production
Cybersecurity (products and services)
Technology
DriverNegative impact: weakens
“Cyber and information security An incident impacting either availability, integrity or confidentiality of critical business systems, which again impacts our ability to operate normally Implemented cyber security program to address both technological barriers, human barriers (awareness) and organizational barriers to reduce probability and impact of an information security incident.”
Annual report 2024A · The company itself
Chains in: Cyber attacks and IT security risk strengthens
Chains out: this strengthens Digitalisation
E-commerce
Technology
DriverPositive impact: strengthens
“Our Emerging Business segment also demonstrated progress, particularly in digital sales channels. Increased Amazon sales contributed positively, and our partner officially launched Kori at the International Expo in China.”
Annual report 2024A · The company itself
EU climate and energy policy
Regulation
DriverPositive impact: strengthens
“Growing market demand for healthy and sustainable food. Delivering high quality health nutrients in a sustainable way is both good for our business and society with a reduced carbon footprint.”
Annual report 2024A · The company itself
Chains out: this strengthens Circular economy and recycling, strengthens Energy efficiency
Inflation
Macro
DriverNegative impact: weakens
“-Regulatory changes affecting omega-3 product claims and market access -Diverging global standards for omega-3 quality and sustainability -Active participation in GOED committees and working groups -Engagement in scientific research and consumer education efforts INVESTORS, LENDERS AND FINANCIAL MARKETS Financial institutions, lenders, owners and investors need to see profitability and company growth to maintain long-term investments and financing. -Long term view of company not attuned to short term investments -Market fluctuations and economic downturns affecting investor and lender confidence -Ongoing dialogue with owners, investors, and lenders -Quarterly presentations and Capital Markets Updates CUSTOMERS AND CONSUMERS A strong customer and consumer base drives profitability -Reduced consumer demand for products -Reduced belief in omega-3 supplements -Consumer chooses cheaper options -Communication of news, data, and messaging on the benefits of krill SUPPLIERS AND BUSINESS PARTNERS Third party suppliers of goods and services are key to business continuity.”
Annual report 2024A · The company itself
Chains out: this weakens Consumer spending, strengthens Interest rates
Latin America
Geography
Geography
“We lease warehouses and office space at our headquarters in Oslo and our sales offices in the United States, Latin America, Australia, and Asia.”
Annual report 2024A · The company itself
Competitors mentioned in the report
No named competitors in the report.
Financial figures
| Revenue latest fiscal year | 0.2 bn USD |
| Revenue growth vs. the year before, same method | 1.4 % |
| EBITDA reported by the company | 0.04 bn USD |
| Net debt debt incl. leasing minus cash | N/A |
| Diluted EPS per share | N/A |
Source: annual report (ESEF) A. See the report
Criteria
| Profit | N/A |
| Growing | ✓ |
| Healthy balance sheet | N/A |
Only the criteria that can be computed from financial statements on this page. The remaining criteria (such as price and dividend) need a share price and are in the analysis.
Figures are in the report's currency (USD), not converted to DKK. Quotes are shown as the company's own words in the report's original language.