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Grieg Seafood ASA (GSFO.OL)

GSFO.OL on Oslo Stock Exchange

103.20NOK
23 Apr 2019
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309,357
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kr82.35

Latest Key Developments (Source: Significant Developments)

Grieg Seafood proposes NOK 2/share dividend
Thursday, 11 Apr 2019 

April 11 (Reuters) - Grieg Seafood ASA ::BOARD HAS TODAY 11 APRIL 2019 PROPOSED A DIVIDEND OF NOK 2.00 PER SHARE.BOARD HAS RESOLVED TO REQUEST THAT AUTHORISATION PROVIDED BY ANNUAL GENERAL MEETING IN 2018 TO PAY ADDITIONAL DIVIDEND LATER IN YEAR, IS CARRIED OVER. BOARD PROPOSE A STABLE AND GOOD DIVIDEND POLICY AS SAME LEVEL AT LAST YEAR.  Full Article

Grieg Seafood says EU explores potential anti-competitive behaviour in salmon industry
Tuesday, 19 Feb 2019 

Feb 19 (Reuters) - Grieg Seafood ASA ::REG-GRIEG SEAFOOD ASA: INSPECTION BY THE EUROPEAN COMMISSION DG COMPETITION.EUROPEAN COMMISSION DG COMPETITION HAS TODAY PERFORMED AN INSPECTION AT GRIEG SEAFOOD SHETLAND TO EXPLORE POTENTIAL ANTI-COMPETITIVE BEHAVIOR IN SALMON INDUSTRY.GRIEG SEAFOOD AIMS TO BE OPEN, TRANSPARENT AND FORTHCOMING AND WILL PROVIDE ALL NECESSARY INFORMATION REQUESTED BY EUROPEAN COMMISSION DG COMPETITION IN ITS INVESTIGATION.  Full Article

Grieg Seafood Q4 EBIT slightly lags forecast
Wednesday, 13 Feb 2019 

Feb 13 (Reuters) - Grieg Seafood ASA ::GRIEG SEAFOOD ASA: Q4 2018 RESULTS - ENDING 2018 WITH RECORD HIGH HARVEST VOLUME.GRIEG SEAFOOD Q4 EBIT BEFORE BIOMASS ADJUSTMENT NOK 351 MILLION (REUTERS POLL NOK 360 MILLION).GRIEG SEAFOOD Q4 HARVEST 24,000 TONNES VERSUS NOV TARGET 24,100 TONNES.GRIEG SEAFOOD 2019 HARVEST GUIDANCE 82,000 TONNES (REUTERS POLL 82,000) VERSUS PREVIOUS GUIDANCE OF 82,000.GRIEG SEAFOOD Q4 REVENUE NOK 2,128 MILLION (REUTERS POLL NOK 2.35 BILLION).GRIEG SEAFOOD REITERATES GOAL OF HARVESTING 100,000 TONNES OF SALMON IN 2020.GLOBAL SUPPLY OF ATLANTIC SALMON FOR 2019 IS EXPECTED TO INCREASE WHILE DEMAND GROWTH IS EXPECTED TO REMAIN STRONGER THAN SUPPLY GROWTH, CONTRIBUTING TO CONTINUED GOOD PRICES GOING FORWARD.EXPECTED HARVEST VOLUME FOR Q1 2019 IS 13,200 TONNES.GROUP TARGETS AN AVERAGE SURVIVAL RATE IN SEAWATER ABOVE 93%. IN 2018, AVERAGE SURVIVAL RATE WAS 91%.AIMING FOR PRODUCTION COST AT OR BELOW WEIGHTED INDUSTRY AVERAGE, TARGETING NOK 37.90 PER KG BY 2020. IN NORWAY, TARGET IS NOK 36.00 PER KG BY 2020.WILL CONSIDER ACQUISITIONS, JOINT VENTURES AND DEVELOPMENT OF NEW CONCEPTS TO SECURE SUSTAINABLE GROWTH LONG TERM.GRIEG SEAFOOD EXPECTS GLOBAL SALMON INUSTRY'S HARVEST TO GROW 4-6 PERCENT IN 2019 VERSUS PREVIOUS GUIDANCE OF 3-5 PERCENT.  Full Article

Grieg Seafood's CFO bought 2,250 shares
Friday, 16 Feb 2018 

Feb 16 (Reuters) - Grieg Seafood Asa ::‍ATLE HARALD SANDTORV, CFO IN GRIEG SEAFOOD ASA, HAS ON 16 FEBRUARY 2018 ACQUIRED 2,250 SHARES AT NOK 66.81 PER SHARE​.‍TOTAL SHAREHOLDING AFTER THIS SHARE PURCHASE IS 24,043 SHARES​.  Full Article

Fish farmer Grieg Seafood eyes 25 pct output hike in 2020 vs 2018
Thursday, 15 Feb 2018 

Feb 15 (Reuters) - Grieg Seafood Asa ::GRIEG SEAFOOD CEO SAYS TARGETS 100,000 TONNES OF SALMON PRODUCTION IN 2020 VERSUS GUIDANCE OF 80,000 TONNES IN 2018.GRIEG SEAFOOD CEO SAYS 22 PERCENT OF 2018 PRODUCTION SOLD ON CONTRACTS AT PRICES AROUND NOK 60 PER KILO.GRIEG SEAFOOD CEO GUIDES SALMON PRODUCTION OF 8,900 TONNES IN Q1.GRIEG SEAFOOD CFO SAYS WILL IN ADDITION TO ORDINARY DIVIDEND OF 25-35 PERCENT OF NET RESULT, WILL CONSIDER AN EXTRAORDINARY DIVIDEND.  Full Article

Grieg Seafood Q4 earnings miss on low output; raises 2018 target
Thursday, 15 Feb 2018 

Feb 15 (Reuters) - Grieg Seafood Asa ::GRIEG SEAFOOD ASA: Q4 2017 - LOWER HARVEST VOLUME THAN GUIDED IN Q4, 28 % VOLUME GROWTH IN 2018.‍PROFIT DECLINE AS A RESULT OF LOWER MARKET PRICES AND REDUCED HARVESTED VOLUMES​.GRIEG SEAFOOD Q4 HARVEST ‍18,667​ TONNES (REUTERS POLL 21,975 TONNES).‍3,000 TONNES OF HARVEST VOLUME TRANSFERRED FROM 2017 TO 2018​.GRIEG SEAFOOD 2018 HARVEST GUIDANCE ‍80,000 TONNES VERSUS 77,000 TONNES SEEN IN NOVEMBER (REUTERS POLL 78,000 TONNES).GRIEG SEAFOOD Q4 REVENUE NOK ‍1,731​ MILLION (REUTERS POLL NOK 1,866 MILLION).GRIEG SEAFOOD Q4 EBIT BEFORE ADJUSTMENT NOK ‍151​ MILLION (REUTERS POLL NOK 249 MILLION).‍EBIT PER KG AMOUNTED TO NOK 8.1 FOR QUARTER, COMPARED WITH NOK 21.8 IN Q4 2016​.‍OVERALL GOAL IS TO INCREASE PRODUCTION BY MINIMUM 10% PER YEAR UP UNTIL 2020​.‍AMBITION IS FOR PRODUCTION COSTS TO BE ON LEVEL WITH OR LOWER THAN INDUSTRY AVERAGE​.‍HAS ENTERED INTO COOPERATION AGREEMENTS WITH NORWAY ROYAL SALMON (NRS) AND BREMNES SEASHORE, TO INCREASE COMPANIES' SMOLT CAPACITY IN FINNMARK AND ROGALAND​.‍GSF'S OWN HATCHERIES IN NORWAY WILL BE EXPANDED BY SEVERAL SEPARATE LINES​.‍LOWER MARKET PRICES ARE EXPECTED TO STIMULATE MARKET ACTIVITY, WHICH IN TURN WILL LEAD TO INCREASED DEMAND OVER YEAR​.‍THIS MAY HAVE A POSITIVE EFFECT ON SALMON PRICES THROUGH 2018​.‍TOTAL SHARE OF FIXED PRICE CONTRACTS IN NORWAY IN Q4 2017 WAS 21 %. FOR Q1 2018 SHARE OF FIXED PRICE CONTRACTS IS ESTIMATED TO BE 46 %​.  Full Article

Grieg Seafood: export company cannot export Norwegian salmon to China ​
Tuesday, 13 Feb 2018 

Feb 13 (Reuters) - Grieg Seafood Asa ::‍OCEAN QUALITY AS ("OCEAN QUALITY"), WHICH IS SALES ORGANIZATION OF GRIEG SEAFOOD AND BREMNES SEASHORE AS, HAS RECEIVED A DECISION FROM NORWEGIAN FOOD SAFETY AUTHORITY ( "NFSA") IMPLYING THAT OCEAN QUALITY IS EXCLUDED FROM EXPORTING TO CHINA ON BASIS THAT IT HAS BEEN PROVIDED INCORRECT INFORMATION TO NFSA IN CONNECTION WITH SUCH EXPORT.​.‍SHARES IN OCEAN QUALITY ARE OWNED 60% BY GRIEG SEAFOOD ASA AND 40% BY BREMNES FRYSERI AS.​.‍IT IS EMPHASIZED THAT THIS CASE ONLY APPLIES TO SALMON FROM NORWAY. THIS MEANS THAT OCEAN QUALITY CAN STILL SELL GSF'S FISH FROM BC AND UK INTO CHINA.​.  Full Article

Grieg Seafood wins conditional approval of "Blue Farm" development project
Friday, 29 Dec 2017 

Dec 29 (Reuters) - Grieg Seafood ::The Norwegian Directorate of Fisheries has granted Grieg Seafood conditional approval for its "Blue Farm" salmon development concept.Grieg Seafood has applied for 10 development licenses, each of 780 tonnes of salmon, to use for its "Blue Farm" concept .The Norwegian Directorate of Fisheries says the next step in the process is to decide how many development licenses it will hand out to Grieg's "Blue Farm" concept.Development licenses are part of an initiative by the Norwegian Industry and Fisheries Ministry to spur growth in Norway's salmon production.To be awarded a license under the scheme, companies must show that their plans bring technological innovation while also adhering to strict environmental and animal welfare procedures.  Full Article

Grieg Seafood: Nordea Markets upgrades to hold from sell
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - :Grieg Seafood <<>>: Nordea Markets upgrades to hold from sell after Wednesday's Q3 report, sees fair value at NOK 83/share.Refers to Grieg's reported EBIT of NOK 229 million, beating consensus estimates by a solid 18 percent nFWN1NE00VnO9N1ML01U.Volumes were in line with expectations, while EBIT per kilo was higher, Nordea says .The NOK 1 extraordinary dividend and growth outlook were the most interesting aspects of the report.Guidance is for a whopping 17 percent volume growth for 2018. Total expected release of 26 million smolt should take harvested volumes to 104,000 tonnes as early as 2019, Nordea Markets predicts.  Full Article

Grieg Seafood CEO sees output of 100,000 tonnes in 2020
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - Grieg Seafood Q3 earnings presentation on Wednesday::CEO Andreas Kvarme says "clear target" of raising output to 100,000 tonnes in 2020 (from 66,000 tonnes in 2017).Raising capacity utilisation is main focus, company is now at 77 pct of capacity.Clear goal of cost level in line with, or below, industry average.  Full Article

Norway fisheries minister hopes to boost exports to China

OSLO, April 24 Norway's fisheries minister will meet with Chinese officials next month in an effort to boost the Nordic country's seafood exports, the Norwegian government said on Wednesday.