August 24, 2017 / 5:38 AM / in 3 months

BRIEF-Austevoll Q2 EBIT before adjustment beats forecast

Aug 24 (Reuters) - Austevoll Seafood Asa

* q2 revenues nok 5,019 million (Reuters poll nok 5,191 million)

* q2 ebit before fair value adjustment nok 1,090 million (Reuters poll nok 1,027 million)

* Q2 fair value adjustment related to biological assets for the quarter was positive at NOK 702 million

* There are limited opportunities for growth in the global supply of salmon and trout in the next few years.

* Salmon lice prevention costs are expected to increase in 2017, while costs related to treatment are expected to fall.

* There is significant potential for reductions in treatment costs, and the group has a clearly defined strategy and goal to realise this potential, while acknowledging that it is difficult to specify a timeline for such a development. Source text for Eikon: Further company coverage:

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