Norway · Delayed Price · Currency is NOK Lerøy Seafood Group ASA Earnings Call Transcripts
Fiscal Year 2026
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The group targets NOK 50 billion turnover and 220,000 tons in farming by 2030, with a NOK 1 billion cost reduction by 2026. Operational improvements, strategic partnerships, and technology investments support growth and margin expansion, while disciplined capital allocation aims to boost free cash flow and dividends.
Fiscal Year 2025
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Q4 2025 saw high profitability from strong salmon and trout prices, record EBIT in VAP, Sales and Distribution, and robust biological performance in farming. Wild Catch faced quota challenges but offset with higher prices. 2026 guidance targets stable volumes and lower costs.
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Strong biological performance and record VAP segment earnings offset lower salmon and trout prices, with operational EBIT down to NOK 680 million from NOK 906 million year-over-year. Guidance for 195,000 tons is maintained, and investments in technology and efficiency are driving long-term growth.
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Strong biological and operational improvements drove EBIT to NOK 1,049 million despite lower spot prices. VAP sales and distribution achieved record earnings, while wild catch faced quota challenges but benefited from higher prices. Dividend of NOK 2.5 per share proposed.
Fiscal Year 2024
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Operational EBIT reached 906 million NOK in Q2 2024, with a 24% increase in harvest volume and strong biological performance in farming, while wild catch earnings declined due to lower quotas. VAP sales and distribution saw higher profits, and investments in shielding technology are accelerating.