LSG Leroy Seafood Group ASA

Lerøy Seafood Group ASA: Notice of General Shareholders' Meeting

Lerøy Seafood Group ASA: Notice of General Shareholders' Meeting



The General Shareholders’ Meeting of Lerøy Seafood Group ASA will be held on 28 May 2024 at 10.00 a.m. CET as an online meeting.

The meeting notice is enclosed. All underlying documentation and user guide for the online meeting is available at 

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



 

Attachment



EN
06/05/2024

Underlying

LSGLeroy Seafood Group ASA

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Reports on Leroy Seafood Group ASA

Alexander Aukner
  • Alexander Aukner
BMK BENCHMARK HOLDINGS
LSG LEROY SEAFOOD GROUP ASA
AUSS AUSTEVOLL SEAFOOD ASA
AKVA AKVA GROUP ASA
SALM SALMAR ASA
GSF GRIEG SEAFOOD ASA
MOWI MOWI ASA
BAKKA BAKKAFROST P/F
SALMOCAM SALMONES CAMANCHACA SA
IFISH ICE FISH FARM AS
ASA ATLANTIC SAPPHIRE
SALME SALMON EVOLUTION HOLDING
KING THE KINGFISH COMPANY NV
AKBM AKER BIOMARINE
ISLAX ARNARLAX AS
AFISH ARCTIC FISH HOLDING AS
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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