reports
- ABGSC Seafood Research
- Martin Kaland
- Simon Brun
Mowi Announces Strategic Review of Feed Division
Mowi Announces Strategic Review of Feed Division (Bergen, 4 March 2025) Mowi has today announced that it is initiating a strategic review of its integrated Feed division. The review will assess all available options, including a sale. In 2024, the Feed division generated operating revenues of EUR 1,122 million and Operational EBITDA of EUR 62 million. Its core assets include feed mills in Norway and Scotland with production capacity of 460,000 tonnes(1) and 240,000 tonnes respectively, i.e. combined capacity of 700,000 tonnes. These plants supplied practically all of the feed requirements ...
- Alexander Aukner
- Ola Trovatn
Austevoll Seafood (Buy, TP: NOK131.00) - Lerøy stronger, stub softer
Q4 EBITDA of NOK1,401m was 15–7% above our estimate and consensus, driven by Lerøy Seafood and Austral, while Pelagia missed expectations. The outlook for 2025 remains solid for Lerøy Seafood, but mixed for the stub. A DPS of NOK6.5 was proposed for 2024. We reiterate our BUY but have trimmed our target price to NOK131 (133), based on our updated SOTP.
- Alexander Aukner
Lerøy Seafood (Buy, TP: NOK67.00) - Q4 beat and good outlook
Lerøy Seafood reported operating EBIT of NOK799m, c14% above our estimate and c7% above consensus. The board proposed a DPS of NOK2.5 for 2024, in line with consensus but below our estimate of NOK2.6. Biomass growth was a record-high, and submersible cages have shown an 85% reduction in sea-lice treatments, largely confirming the positive effect we had looked for. We have increased our 2025–2027e EPS by 1.6–2.0% on higher realised prices and harvest volumes, and reiterate our BUY and NOK67 targe...
- ABGSC Seafood Research
- Martin Kaland
- Simon Brun
- ABGSC Seafood Research
- Martin Kaland
- Simon Brun
Kaldvik AS enters into definitive agreements to acquire key assets in ...
Kaldvik AS enters into definitive agreements to acquire key assets in the fish farming value chain on the east-coast of Iceland Frøya, Norway, 27 February 2025: Reference is made to the announcement by Kaldvik AS ("Kaldvik", the "Company") on 20 December 2024 regarding a potential acquisition of certain key assets in the fish farming value chain on the east-coast of Iceland, from Heimstø AS ("Heimstø") and Osval ehf. ("Osval"). Kaldvik has today entered into definitive agreements to acquire (i) 100% of the shares in Mossi ehf., which owns the property and building hosting Djupskel efh. ("...
- Alexander Aukner
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
- ABGSC Seafood Research
- Martin Kaland
- Simon Brun
- ABGSC Seafood Research
- Martin Kaland
- Simon Brun
Lerøy Seafood Group ASA: Strong quarter reflects operational improveme...
Lerøy Seafood Group ASA: Strong quarter reflects operational improvements. Good progress towards 2025 targets. OPERATIONAL IMPROVEMENTS LIFT QUARTERLY RESULTSLerøy Seafood Group ASA reports a consolidated operational EBIT of MNOK 799 for the fourth quarter of 2024. The Farming segment delivered an operational EBIT of MNOK 594 for the quarter. "At the Capital Markets Day in 2022, we launched a comprehensive plan for operational improvements, which our employees have worked hard to implement. It is gratifying to see that the improvements are now gradually reflected in our results. In 2024, w...
SalMar - new share capital registered
SalMar - new share capital registered Frøya, 27 February 2025: Reference is made to the stock exchange announcement made by SalMar ASA (the “Company”) on 27 February 2025 for the issuance of 716,652 new shares in the Company (the “Consideration Shares”) as partial settlement for SalMar acquiring a controlling interest in AS Knutshaugfisk. The share capital increase pertaining to issuance of the Consideration Shares has today been registered with the Norwegian Register of Business Enterprises. The Company’s new share capital is NOK 33,188,893 divided into 132,755,572 shares, each share wi...
SalMar - ny aksjekapital registrert
SalMar - ny aksjekapital registrert Frøya, 27. februar 2025: Det vises til børsmeldingen publisert av SalMar ASA («Selskapet») 27. februar 2025, om utstedelse av 716 652 nye aksjer i Selskapet («Vederlagsaksjene»), som delvis oppgjør for SalMars erverv av en kontrollerende eierandel i AS Knutshaugfisk. Kapitalforhøyelsen for utstedelse av Vederlagsaksjene har i dag blitt registrert i Foretaksregisteret. Selskapets nye aksjekapital er NOK 33 188 893 fordelt på 132 755 572 aksjer, hver pålydende NOK 0,25. For mer informasjon, kontakt: Ulrik Steinvik, CFOTel: 538E-post: Håkon Husby...
- Ola Trovatn
SalMar - Settlement of acquisition of shares in AS Knutshaugfisk – iss...
SalMar - Settlement of acquisition of shares in AS Knutshaugfisk – issue of new shares Frøya, 27 February 2025: Reference is made to the announcement by SalMar ASA (the “Company”) on 18 February 2025 with information regarding the acquisition of a controlling interest in AS Knutshaugfisk (the “Transaction”). Settlement of the Transaction will be made partly in cash and partly by the issuance of 716,652 new shares by the Company at a subscription price of NOK 559 per share (the “Consideration Shares”). The board of directors has today resolved to issue the Consideration Shares as partia...
SalMar - Oppgjør for erverv av aksjer i AS Knutshaugfisk – utstedelse ...
SalMar - Oppgjør for erverv av aksjer i AS Knutshaugfisk – utstedelse av nye aksjer Frøya, 27. februar 2025: Det vises til børsmelding av SalMar ASA («Selskapet») 18. februar 2025, om informasjon angående erverv av en kontrollerende eierandel i AS Knutshaugfisk («Transaksjonen»). Oppgjør for Transaksjonen vil skje delvis kontant og delvis ved utstedelse av 716 652 nye aksjer i Selskapet til en tegningskurs på NOK 559 per aksje («Vederlagsaksjene»). Styret har i dag besluttet å utstede Vederlagsaksjene som delvis oppgjør for Transaksjonen, i henhold til en styrefullmakt registrert i Fore...
- Ola Trovatn
Måsøval (Buy, TP: NOK32.00) - Hampered by sea lice
Q4 operating EBIT of NOK3m was NOK36m below our estimate and NOK24m below consensus, and reflected sea lice challenges for region Mid and continued start-up costs for Sales & Processing. Region West reported another quarter with operating progress and solid results. The 2025 volume guidance of 29–31kt was unchanged, with 4–4.5kt guided for Q1 and stable costs QOQ. We reiterate our BUY, but have cut our target price to NOK32 (34) on our lowered estimates.
- ABGSC Seafood Research
- Martin Kaland
- Simon Brun
KALDVIK AS (KLDVK): Q4 2024 Results
KALDVIK AS (KLDVK): Q4 2024 Results KALDVIK AS (KLDVK) reports Operating income in Q4 amounted to EURm 46.8 (EURm 32.6), while the operating profit/loss before fair value adjustment of biomass and production tax was EURm -18.1 (EURm 4.6). Operating profit/loss before fair value adjustment of biomass, one-off biomass write-down and production tax was EURm 5.0 (EURm 4.6). Harvest amounted to 6.668 tonnes in Q4 2024 (4.202 tonnes) Web cast will be at 11:00 (CET)/ 10:00 Icelandic time on 26 February 2025 on the following link: Attached is the presentation and report for Q4 2024. Kaldvik,...
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