reports
- Alexander Aukner
More contracts at attractive prices
Q2 operating EBIT was slightly softer than expected, but management guided for healthy biology and 42% contract coverage in Q3 at an attractive NOK66/kg. We have raised our 2017–2019e EPS by 5.9–2.0%, mainly on a stronger contribution from associated companies. With a 48% increase in reported biomass in the sea, the company is well placed to meet its growth ambitions in our view. We maintain our BUY recommendation and have raised our target price to NOK185 (NOK180) to reflect our estimate ch...
- Alexander Aukner
Q2 EBIT in line, but on higher harvest
Q2 EBIT adj. was NOK136m (2% below Bloomberg consensus of NOK139m, 1% below our forecast of NOK137m) and EBIT/kg was NOK25.9 (12% below consensus of NOK29.4, 11% below our forecast of NOK29.2). Harvest volumes in the quarter were 5.2kt (9% above consensus of 4.772kt, 11% above our forecast of 4.7kt). We expect only limited changes to consensus and the share price.
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.