GSF Grieg Seafood ASA

Grieg Seafood ASA: Integrated Annual Report 2023

Grieg Seafood ASA: Integrated Annual Report 2023

Grieg Seafood ASA publishes its Integrated Annual Report 2023, including the sustainability report and the financial accounts.

Profit before tax totaled NOK 844 million for 2023, as reported in Q4 2023. The net profit for the year (after tax) was NOK 560 million, amended by NOK 300 million since the Q4 2023 report, where a net profit of NOK 260 million was reported.  The change relates to income tax expenses.  The change in net profit for the year results in a positive change in equity, from NOK 6 369 million to NOK 6 669 million.

The Board of Grieg Seafood ASA proposes a dividend of NOK 1.75 per share based on the 2023 financial statements. The Annual General Meeting is scheduled to 19 June 2024.

The Integrated Annual Report 2023 is published today, available in European Single Electronic Format (ESEF) on the Company's website /reports-&-presentations#annual.

The remuneration report for 2023 is also available as pdf on the Company's website.

For further enquiries, please contact:

Andreas Kvame, CEO

Cell phone:

Atle Harald Sandtorv, CFO

Cell phone

This information is publicly disclosed in accordance with section 5-12 of the Norwegian Securities Trading Act as well as the Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation).

About Grieg Seafood

Grieg Seafood ASA is one of the world's leading salmon farmers. Our farms are in Finnmark and Rogaland in Norway, and British Columbia as well as Newfoundland in Canada.  Our headquarter is located in Bergen, Norway.  Grieg Seafood ASA was listed at the Oslo Stock Exchange in June 2007.

Sustainable farming practices are the foundation of Grieg Seafood's operations.

The lowest possible environmental impact and the best possible fish welfare is both an ethical responsibility and drive economic profitability.

To learn more, please visit

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22/03/2024

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Reports on Grieg Seafood ASA

ABGSC Seafood Research ... (+3)
  • ABGSC Seafood Research
  • Martin Kaland
  • Simon Brun

The end justifies the means

'24e EBIT (core) -6% on a missed opportunity in Q2'24. Biology to meaningfully improve, earnings should follow. Value uplift in normalised scenario and strategic review: BUY.

Alexander Aukner
  • Alexander Aukner

Grieg Seafood (Buy, TP: NOK80.00) - Mixed Q1, weak outlook

Q1 operating EBIT was NOK292m, 5% below consensus and 13% below our forecast, with strong results in Rogaland offset by misses in Finnmark and Newfoundland on high costs and low realised prices. The company maintained its 2024 volume guidance of 81kt, but lowered its Q2 harvest expectation, suggesting a more back-end loaded harvest. Combined with challenges in Finnmark and high costs in Newfoundland, we see a potential 30% drop in 2024e consensus operating EBIT and expect the stock down 5–10% to...

ABGSC Seafood Research ... (+3)
  • ABGSC Seafood Research
  • Martin Kaland
  • Simon Brun
 PRESS RELEASE

Grieg Seafood ASA: Q1 2024 results

Grieg Seafood ASA: Q1 2024 results Highlights Harvest volume of 21,075 tonnes (15,357 tonnes) Operational EBIT in the quarter of NOK 292 million (NOK 385 million), with operational EBIT/kg of NOK 13.8 (25.1)Rogaland delivered second best quarterly results everResults in Finnmark significantly impacted by historical biological challenges and downgradesSuccessful completion of harvest of the first generation in Newfoundland, with high share of superior qualityConstruction of post-smolt facilities in Rogaland, Finnmark and Newfoundland on trackProcess to identify long-term partners to ta...

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