GSF Grieg Seafood ASA

Grieg Seafood ASA: Presentation of first quarter 2024 results

Grieg Seafood ASA: Presentation of first quarter 2024 results

Grieg Seafood ASA will release its first quarter 2024 results on Thursday, 16 May 2024, at 6:00 a.m. CEST.

On the same day at 8:00 a.m. CEST, the results will be presented live at Hotel Continental, Stortingsgaten 24/26, Oslo. The presentation will be led by the Chief Executive Officer, Andreas Kvame, along with the Chief Financial Officer, Atle Harald Sandtorv.

Following the presentation, it will be opened for questions from the audience. The presentation and the subsequent Q&A will be held in Norwegian.

A live webcast from the presentation can be accessed at /reports-&-presentations#quarterly or with the following link:

/landingpage/hegnarmedia/20240516_2/

Webcast participants need to register to post questions.                                                                   

For further enquiries, please contact:

Andreas Kvame, CEO

Cell phone:  441

Atle Harald Sandtorv, CFO

Cell phone: +47 908 45 252

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





This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.



EN
10/05/2024

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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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