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Lerøy Seafood Group ASA: Trading update Q3 2025
Globenewswire· 2025-10-06 04:30
HARVEST VOLUMES OF SALMON AND TROUT Total harvest volume of salmon and trout for Q3 2025 was 59,100 GWT, compared to 51,400 GWT in Q3 2024. These figures exclude harvest volumes from Scottish Seafarms. Harvest volumes by region/company for Q3 2025 (Q3 2024), measured in 1,000 GWT: Lerøy Aurora: 20.1 (17.6) Lerøy Midt: 21.4 (16.9) Lerøy Sjøtroll: 17.6 of which 10.4 was trout (16.8 of which 6.8 was trout) CATCH VOLUMES OF WILDFISH Total wild catch volumes in Lerøy Havfisk, measured in 1,000 tonnes: Q3 2025: 1 ...
Lerøy Seafood Group ASA: Solid operations across all segments, strong earnings in VAP S&D and Wild Catch
Globenewswire· 2025-08-20 04:30
Core Insights - Lerøy Seafood Group ASA (LSG) reported solid operational results across all segments in Q2 2025, achieving an operational EBIT of NOK 680 million, demonstrating the robustness of its fully integrated value chain in the seafood industry [1][8]. Farming Segment - The Farming segment recorded an operational EBIT of NOK 256 million in Q2 2025, with strong biological performance reflected in high survival rates, superior quality share, and increased average harvest weight, while costs per kg are declining [2][3]. - Despite strong biological performance, low prices for salmon and trout due to increased supply growth impacted results, although contracts provided some earnings stability [4][3]. VAP S&D Segment - The VAP S&D segment achieved an operational EBIT of NOK 351 million in Q2 2025, marking the tenth consecutive quarter of growth in 12-month rolling operational EBIT [5]. - The segment's positive development is driven by improved capacity utilization and strengthened relationships with key customers, moving closer to the target of NOK 1,250 million in operational EBIT for 2025 [6]. Wild Catch Segment - The Wild Catch segment delivered an operational result of NOK 148 million in Q2 2025, with historically high prices for cod, although there are prospects for further reductions in cod quotas in 2026, posing challenges for whitefish factories [7]. - The segment's performance is expected to face challenges ahead due to reliance on volumes for profitability [7]. Strategic Outlook - The company is optimistic about future development, entering a new strategy period with new targets to be set, while maintaining a strong position with strategic customers amid strong global demand for seafood [8].