GSF Grieg Seafood ASA

Grieg Seafood ASA: Grieg Seafood ASA strengthens its executive team

Grieg Seafood ASA: Grieg Seafood ASA strengthens its executive team

To underpin its growth journey, the company is adding farming capabilities to its executive team to bolster focus on operations.

A notice is attached in English and Norwegian.

For further enquiries, please contact:

Andreas Kvame, CEO



 441

Atle Harald Sandtorv, CFO



 252

About Grieg Seafood ASA:

Grieg Seafood ASA is one of the world's leading salmon farmers, targeting 100 000 tonnes of harvest (GWT) in 2020. Our farms are in Finnmark and Rogaland in Norway, British Columbia and Newfoundland in Canada and Shetland in the UK. Our headquarter is located in Bergen, Norway. Grieg Seafood ASA was listed at the Oslo Stock Exchange in June 2007. More than 800 people are employed by the company globally.

Sustainable farming practices are the foundation of Grieg Seafood’s operations. The lowest possible environmental impact and the best possible fish welfare drive economic profitability. Towards 2025, we aim to harvest 150 000 tonnes, to achieve cost leadership in each region and to evolve from a pure salmon supplier to an innovation partner for selected customers. To learn more, please visit



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

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04/05/2020

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Reports on Grieg Seafood ASA

Alexander Aukner
  • Alexander Aukner

Grieg Seafood (Buy, TP: NOK80.00) - Approaching end of spiro harvest

Grieg Seafood’s Finnmark operations have been plagued by reduced prices and high costs due to the spiro parasite in recent quarters. It guides for the last spiro fish to be harvested in Q2. We estimate Q1 operating EBIT of NOK337m (consensus NOK334m). We have cut our 2024e EPS by 17.7%, due to lower expected realised prices from the Canadian operations, as US spot prices in Q1 were below our estimates. We reiterate our BUY and NOK80 target price, as the valuation is more closely linked to capaci...

 PRESS RELEASE

Grieg Seafood ASA: Q1 2024 trading update

Grieg Seafood ASA: Q1 2024 trading update Grieg Seafoods harvest volume for the first quarter of 2024 was approximately 21 000 tonnes GWT. Harvest volume (tonnes GWT) by region for the quarter:Rogaland: 9 400Finnmark: 5 700British Columbia: 700Newfoundland: 5 200 The complete Q1 2024 report will be released on Thursday 16 May 2024 at 06:00 CEST. For enquiries, please contact:Andreas Kvame, CEOCell phone: +47 907 71 441 Atle Harald Sandtorv, CFOCell phone +47 908 45 252 About Grieg SeafoodGrieg Seafood ASA is one of the world's leading salmon farmers. Our farms are in Rogala...

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