LSG Leroy Seafood Group ASA

Lerøy Seafood Group ASA: Invitasjon til presentasjon av resultater for 1. kvartal 2024

Lerøy Seafood Group ASA: Invitasjon til presentasjon av resultater for 1. kvartal 2024

Lerøy Seafood Group ASA presenterer resultater for 1. kvartal 2024 den 15. mai på Continental Hotel, Stortingsgata 24/26, Oslo klokken 08:00. Det vil være mulig å stille spørsmål etter presentasjonen. Det blir servering av smakfull sjømatbuffet fra klokken 07:45. Presentasjonen vil også kunne følges som webcast på /no/investor/ hvor det også vil være adgang til å stille spørsmål.



Kvartalsrapporten og presentasjonen vil bli offentliggjort kl. 06.30 samme dag.



Et opptak av presentasjon på engelsk vil være tilgjengelig på /en/investor fra kl.12.00.



Denne opplysningen er informasjonspliktig etter verdipapirhandelloven §5-12.

 



EN
08/05/2024

Underlying

LSGLeroy Seafood Group ASA

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Reports on Leroy Seafood Group ASA

Alexander Aukner
  • Alexander Aukner
BMK BENCHMARK HOLDINGS
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MAS MÅSØVAL
05/16/24 May 16, 2024 1 EN
Alexander Aukner
  • Alexander Aukner
Free Trial
LSG Leroy Seafood G...

Lerøy Seafood (Hold, TP: NOK55.00) - Progress with new technology

Q1 operating EBIT of NOK842m was c4% below our estimate, but 3% above consensus. New shielding and submersible technologies are reported to work well, with strong biological performance in Q1. The company guides for costs in line to slightly higher than in 2023, and while the 2024 harvest guidance was maintained, 2025 was cut 5kt from Sjøtroll. We have reduced our 2024e EPS by 6.0%, but increased 2025–2026e by 0.5–3.6%. We have downgraded to HOLD (BUY), with a raised target price of NOK55 (52).

LSG LEROY SEAFOOD GROUP ASA
05/16/24 May 16, 2024 1 EN
ABGSC Seafood Research ... (+3)
  • ABGSC Seafood Research
  • Martin Kaland
  • Simon Brun
LSG Leroy Seafood G...

Looks increasingly worth the wait

'24e-'25e EBIT (core) largely unchanged post Q1. Investments gradually translating into better operations. '24e-'25e P/E 12x-10x; BUY reiterated, TP of NOK 65.

LSG LEROY SEAFOOD GROUP ASA
05/15/24 May 15, 2024 1 EN
Alexander Aukner
  • Alexander Aukner
Free Trial
LSG Leroy Seafood G...

Lerøy Seafood (Buy, TP: NOK52.00) - Q1 in line and operational progres...

Q1 operating EBIT was NOK842m, 4% below our estimate, but 3% above consensus. Farming EBIT fell shy of expectations, while wildcatch and VAP were above. Operational performance in farming stated to go well, with good growth and biology in all regions, helped by shielding technologies. The 2024 harvest guidance was unchanged at 175kt (consensus: 161–167kt). We expect consensus 2024e EPS to come up 0–2% and the stock 2–5% on improved sentiment regarding an operational turnaround.

LSG LEROY SEAFOOD GROUP ASA
05/15/24 May 15, 2024 1 EN
ABGSC Seafood Research ... (+3)
  • ABGSC Seafood Research
  • Martin Kaland
  • Simon Brun
LSG LEROY SEAFOOD GROUP ASA
05/15/24 May 15, 2024 1 EN

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