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Austevoll Seafood ASA (AUSS.OL)

AUSS.OL on Oslo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Austevoll Q1's earnings above forecast, helped by one-off gain
Tuesday, 8 May 2018 

May 8 (Reuters) - Austevoll Seafood ASA ::AUSTEVOLL Q1 REVENUES NOK 5,753 MILLION (REUTERS POLL NOK 5.275 BILLION).AUSTEVOLL Q1 EBIT BEFORE FAIR VALUE ADJUSTMENT NOK 1,217 MILLION (REUTERS POLL NOK 939 MILLION).AUSTEVOLL SEAFOOD ASA: EBITDA FIGURE FOR QUARTER INCLUDES AN ACCOUNTING GAIN OF NOK 157 MILLION FROM SALE OF MARON AS.  Full Article

Norway regulator rejects most Leroey "pipefarm" applications
Monday, 22 Jan 2018 

Jan 22 (Reuters) - Leroey Seafood Group Asa :Norway's Fisheries Directorate says in letter to Leroey Seafood Group it plans to award only a single license for the so-called "pipefarm" experimental fish farm design.The license would hold 450 tonnes of fish if awarded.Leroey has applied for 9 development licences for the "pipefarm" concept with a capacity of up to 6,570 tonnes in total nL5N1LS0FN.Development licences are part of an initiative by the Norwegian Industry and Fisheries Ministry to spur growth in Norway's salmon production.  Full Article

Sparebank 1 Markets cuts 2018, 2019 salmon price forecasts
Thursday, 21 Dec 2017 

Dec 21 (Reuters) - Marine Harvest Asa ::SPAREBANK 1 MARKETS CUTS 2018 SALMON PRICE FORECAST TO NOK 50.9 PER KILO (EUR 5.30) FROM NOK 55.0.SPAREBANK 1 MARKETS CUTS 2019 SALMON PRICE TO NOK 53.8 PER KILO (EUR 5.60) FROM NOK 57.7.SPAREBANK 1 MARKETS SEES 15-25 PERCENT REDUCTION IN 2018 EBIT ON NORWEGIAN SALMON SECTOR AFTER PRICE CUT.SPAREBANK 1 MARKETS KEEPS SELL RECOMMENDATIONS ON MARINE HARVEST, LEROEY, SALMAR, BAKKAFROST AND GRIEG, KEEPS NEUTRAL ON NORWAY ROYAL SALMON.SPAREBANK 1 MARKETS SAYS NEEDS TO SEE ANOTHER 10 PERCENT DROP IN SHARE PRICES BEFORE IT WILL START RECONSIDERING NEGATIVE SECTOR VIEW.  Full Article

Austevoll Seafood Q3 earnings miss forecast
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Austevoll Seafood Asa :q3 revenues nok ‍4,903​ million (Reuters poll nok 5,429 million).q3 ebit before fair value adjustment nok ‍822​ million (Reuters poll nok 911 million).value adjustment related to biological assets was negative at nok 512 million in q3 2017.q3 pretax profit before value adjustment nok ‍873​ million (Reuters poll nok 925 million). Profit before tax for the quarter totalled NOK 329 million​.  Full Article

Leroey Seafood wins preliminary backing for experimental fish farm design
Monday, 11 Sep 2017 

Sept 11 (Reuters) - Leroey Seafood Group Asa :Norway's Fisheries Directorate gives preliminary backing to experimental fish farm design by Leroey Seafood Group to produce salmon and trout, the regulator said in a statement.Leroey has applied for 9 development licences for its "pipefarm" concept.Directorate says needs additional information to give final approval and to decide how many licenses it will allow.Directorate did not say when it would make final decision.Development licences are part of an initiative by the Norwegian Industry and Fisheries Ministry to spur growth in Norway's salmon production.To be awarded a licence under the scheme, companies must show that their plans bring technological innovation while also adhering to strict environmental and animal welfare procedures.Each license holds up to around 780 tonnes of salmon or trout.  Full Article

Norway salmon price seen falling on weak demand

OSLO, Dec 14 The price of Norwegian farmed salmon is expected to drop next week due to weak pre-Christmas demand, three industry sources told Reuters on Friday.