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Austevoll Seafood ASA (AUSS.OL)

AUSS.OL on Oslo Stock Exchange

90.75NOK
3:25pm BST
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kr1.25 (+1.40%)
Prev Close
kr89.50
Open
kr89.80
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kr90.80
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kr88.90
Volume
349,608
Avg. Vol
354,021
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kr139.80
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kr84.45

Latest Key Developments (Source: Significant Developments)

Austevoll Seafood Q1 Adj. EBIT NOK 837 Million, Below Estimates
Tuesday, 14 May 2019 

May 14 (Reuters) - Austevoll Seafood ASA ::FINANCIAL REPORT Q1 2019.DECLINE IN REVENUE AND EBITDA WAS MAINLY GENERATED BY A LOWER SALES VOLUME FOR ATLANTIC SALMON WHEN COMPARED WITH SAME QUARTER IN 2018.Q1 OPERATING REVENUE NOK 5.56 BILLION VERSUS NOK 5.75 BILLION YEAR AGO.Q1 EBIT BEFORE FAIR VALUE ADJUSTMENT NOK 837 MILLION (REUTERS POLL NOK 933 MILLION).GROUP CAN REPORT A GOOD UNDERLYING DEMAND FOR SEAFOOD, AND EXPECTS TO SEE SATISFACTORY MARKET CONDITIONS FOR 2019 AS WELL.BOARD OF DIRECTORS AND MANAGEMENT ARE NOT SATISFIED WITH THE GROUP’S RELEASE FROM STOCK COSTS FOR RED FISH IN THE QUARTER.GROUP’S CONTRACT SHARE FOR SALMON IN Q2 2019 WILL BE IN THE RANGE FROM 35 TO 40%.ESTIMATED HARVEST VOLUME FOR RED FISH IN 2019, INCLUDING THE SHARE FROM ASSOCIATES, REMAINS AROUND 190,000 TONNES.GROUP HAS AND SHALL CONTINUE TO HAVE THE FINANCIAL FLEXIBILITY TO SUPPORT ITS STRATEGY OF FURTHER ORGANIC GROWTH, CARRY OUT STRATEGIC ACQUISITIONS AND SUSTAIN CO'S DIVIDEND POLICY.  Full Article

Austevoll Seafood Q3 EBIT above forecast
Thursday, 8 Nov 2018 

Nov 8 (Reuters) - Austevoll Seafood ASA ::AUSTEVOLL SEAFOOD Q3 REVENUES NOK 5,317 MILLION (REUTERS POLL NOK 4,913 MILLION).AUSTEVOLL SEAFOOD Q3 EBIT BEFORE FAIR VALUE ADJUSTMENT NOK 771 MILLION (REUTERS POLL NOK 754 MILLION).FAIR VALUE ADJUSTMENT RELATED TO BIOLOGICAL ASSETS WAS NOK 72 MILLION IN Q3 2018 AGAINST NOK -512 MILLION IN Q3 2017.THE FINANCIAL FLEXIBILITY SUPPORT ITS STRATEGY OF FURTHER ORGANIC GROWTH, CARRY OUT STRATEGIC ACQUISITIONS AND SUSTAIN THE COMPANY’S DIVIDEND POLICY.  Full Article

Austevoll Seafood Q2 profit in line with forecast
Wednesday, 22 Aug 2018 

Aug 22 (Reuters) - Austevoll Seafood ASA ::AUSTEVOLL SEAFOOD Q2 REVENUES NOK 6,001 MILLION (REUTERS POLL NOK 5,659 MILLION).AUSTEVOLL SEAFOOD Q2 EBIT BEFORE FAIR VALUE ADJUSTMENT NOK 1,335 MILLION (REUTERS POLL NOK 1,365 MILLION).AUSTEVOLL SEAFOOD SAYS THE GROUP HAS AND SHALL CONTINUE TO HAVE THE FINANCIAL FLEXIBILITY TO SUPPORT ITS STRATEGY OF FURTHER ORGANIC GROWTH, CARRY OUT STRATEGIC ACQUISITIONS AND SUSTAIN THE COMPANY’S DIVIDEND POLICY.AUSTEVOLL SEAFOOD SAYS THE GROUP IS NOT SATISFIED WITH THE DEVELOPMENTS REPORTED BY LERØY SJØTROLL IN 2018 BUT FEELS CONFIDENT THAT THE INITIATIVES TAKEN WILL GENERATE SUBSTANTIAL IMPROVEMENTS IN THE NEXT FEW YEARS.  Full Article

Austevoll Q4 core profit misses forecast, pretax swings to loss
Tuesday, 27 Feb 2018 

Feb 27 (Reuters) - Austevoll Seafood Asa ::AUSTEVOLL Q4 REVENUES NOK ‍4,802​ MILLION (REUTERS POLL NOK 5.274 BILLION).AUSTEVOLL Q4 EBIT BEFORE FAIR VALUE ADJUSTMENT NOK ‍584​ MILLION (REUTERS POLL NOK 766 MILLION).AUSTEVOLL Q4 PRETAX RESULT NOK ‍-361​ MILLION (REUTERS POLL NOK 795 MILLION).AUSTEVOLL PROPOSES DIVIDEND OF NOK 2.8‍​ PER SHARE FOR 2017 (REUTERS POLL NOK 2.95).‍REVENUE FROM WILD CATCH SEGMENT IS DOWN, AS SECOND FISHING SEASON IN PERU WAS STOPPED ONLY A FEW DAYS AFTER IT OPENED ON 23 NOVEMBER 2017​.‍FISHING WAS STOPPED DUE TO AN EXCESSIVE PROPORTION OF FISH BELOW MINIMUM SIZE, AND WAS NOT PERMITTED TO RESTART UNTIL JANUARY 2018​.‍DUE TO LOW CATCHES REPORTED IN PERU IN SECOND SEASON, 2017 WAS WORST YEAR FOR CATCH VOLUMES FROM THIS REGION IN AUSS'S OWNERSHIP PERIOD​.  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

Austevoll Q2 EBIT before adjustment beats forecast
Thursday, 24 Aug 2017 

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..  Full Article

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Norway wants to change fish farms regulations

OSLO Norway's fisheries ministry wants to change the law regulating fish farms to be able to reduce output in areas affected by environmental problems, it said on Friday.