LSG Leroy Seafood Group ASA

Lerøy Seafood Group ASA: Q4 2019 Trading update

Lerøy Seafood Group ASA: Q4 2019 Trading update

Harvest volumes:

Harvest volumes salmon and trout (1,000 GWT) Q4 2019Q4 201820192018
Lerøy Aurora  13,4  14,4  32,8  36,8
Lerøy Midt  14,5  18,8  64,8  66,5
Lerøy Sjøtroll  14,9  16,2  60,6  58,8
Total   42,8  49,4  158,1  162,0
     
Catch volume Havfisk (1,000 tonnes)Q4 2019Q4 201820192018
Total volume  12,9  11,5  62,5  66,3
Of which volume cod  7,2  6,5  22,5  24,3



The complete Q4 2019 report will be released on 25 February 2020 at 06.30 CET.

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

EN
08/01/2020

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Reports on Leroy Seafood Group ASA

Alexander Aukner
  • Alexander Aukner

Lerøy Seafood (Buy, TP: NOK52.00) - Better harvest mix in Q1

Lerøy Seafood’s Q1 trading update revealed harvest volumes in line with our estimates, but with a better mix on higher-than-expected volumes from Lerøy Midt and lower volumes from Lerøy Sjøtroll in Q1, while higher wild-catch volumes also contributed positively. We have raised our 2024e EPS by 1.5%, and we now expect Q1 operating EBIT of NOK880m (previously NOK752m), in line with consensus of NOK881m (full Q1 report due at 06:30 CET on 15 May). We reiterate our BUY and NOK52 target price.

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