LSG Leroy Seafood Group ASA

Lerøy Seafood Group ASA: Mandatory notification of trade by primary insider

Lerøy Seafood Group ASA: Mandatory notification of trade by primary insider

Sjur Malm, CFO of Lerøy Seafood Group ASA (LSG), has today May 24th, bought 12,500 shares in LSG at an average price of NOK 48.15 per share. Ownership after this transaction is 42,500 shares in LSG.

Please see the attached form for further details.

This information is subject to the disclosure requirements pursuant to MAR article 19 and section 5-12 of the Norwegian Securities Trading Act.

 

Attachment



EN
24/05/2024

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Reports on Leroy Seafood Group ASA

Alexander Aukner
  • Alexander Aukner

Introduction to the salmon sector

This report provides an overview of the dynamics, companies, history, challenges and opportunities of the salmon farming industry. Biological challenges and stricter regulations over the past decade have curbed the supply of salmon, a globally consumed product with a strong ESG angle. Significant infrastructure investments made by the companies to solve these challenges have not yet yielded materially higher supply, leading to continued high salmon prices. Despite higher EBIT margins the sector ...

Alexander Aukner
  • Alexander Aukner

Lerøy Seafood (Buy, TP: NOK60.00) - Materially below consensus on Q3e

With spot prices trending below our estimates QTD, significant sea-lice pressure and a still-low shielding technology harvest share, we have cut our 2024e EPS by 5.8%. We expect Q3 operating EBIT of NOK553m, some 28% below consensus of NOK773m (results due at 06:30 CET on 14 November). We reiterate our BUY and NOK60 target price on a low absolute valuation and our expectation of material margin improvements from shielding in 2025–2026.

Alexander Aukner
  • Alexander Aukner

Lower tax proposed

The largest opposition party (Høyre) has launched a new draft proposal for its next parliamentary election programme. One of the suggestions is a lower and less bureaucratic resource tax. In the event of a 15% resource tax (down from 25%), we calculate the following preliminary 2025–2026e EPS impacts on the companies we cover: Grieg Seafood (15%), SalMar (12%), Lerøy Seafood (9%), Måsøval (8%), Mowi (7%), and Bakkafrost (0%). While this is only a proposal, we believe it will likely materially li...

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