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Leroy Seafood Group ASA (LSG.OL)

LSG.OL on Oslo Stock Exchange

65.38NOK
21 Sep 2018
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Latest Key Developments (Source: Significant Developments)

Leroey Q2 earnings lag forecast, sees weaker Q3
Wednesday, 22 Aug 2018 

Aug 22 (Reuters) - Leroy Seafood Group ASA ::LEROEY SEAFOOD Q2 EBIT BEFORE FAIR VALUE ADJUSTMENT NOK 1,000 MILLION (REUTERS POLL NOK 1,119 MILLION).LEROEY SEAFOOD Q2 REVENUE NOK 5,042 MILLION (REUTERS POLL NOK 4,992 MILLION).THE INCREASE IN PROFIT IN Q2 2018 WHEN COMPARED WITH THE SAME QUARTER IN 2017 IS MAINLY ATTRIBUTED TO A HIGHER HARVEST VOLUME FOR SALMON AND TROUT.GROUP CURRENTLY EXPECTS TO HARVEST 166,000 TONNES IN 2018 IN NORWAY, COMPARED WITH 158,000 TONNES IN 2017.LEROEY SEAFOOD SEES 2018 SALMON HARVEST VOLUME 179,000 TONNES INCLUDING ASSOCIATES VERSUS PREVIOUS GUIDANCE OF 179,000 TONNES.LEROEY SEAFOOD SEES 2018 CATCH OF WHITEFISH AND SHRIMP AT ABOUT 65,000 TONNES TONNES VERSUS 65,000 TONNES IN MAY.BOARD OF DIRECTORS HAS NOT CHANGED ITS ESTIMATES FOR STRONG EARNINGS IN 2018 AS A WHOLE, BUT CURRENTLY EXPECTS A WEAKER RESULT IN Q3 THAN THAT REPORTED IN Q2.  Full Article

Norway's Mariculture wins initial support for experimental fish farm
Monday, 11 Jun 2018 

June 11 (Reuters) - Mariculture AS: :Norway's Fisheries Directorate has given its preliminary backing to an experimental fish farm design by Mariculture AS to produce salmon and trout, the regulator said in a statement.Mariculture AS applied for 16 development licences for its "Smart Fishfarm" concept. The 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

Leroy Seafood's Q1 operating profit as expected, sees high earning in 2018
Tuesday, 8 May 2018 

May 8 (Reuters) - Leroy Seafood Group ASA ::LEROEY SEAFOOD Q1 EBIT BEFORE FAIR VALUE ADJUSTMENT NOK 960 MILLION (REUTERS POLL NOK 959 MILLION) VS NOK 1.28 BLN IN Q1 2017.LEROEY SEAFOOD Q1 REVENUE NOK 5,000 MILLION (REUTERS POLL NOK 5,096 MILLION) VS NOK 5.46 BLN IN Q1 2017.REPORTS OF A SUSTAINED STRONG, UNDERLYING DEMAND FOR SALMON FROM Q4 2017 STILL APPLY IN 2018..LEROEY SEAFOOD SEES 2018 SALMON HARVEST VOLUME 179,000 TONNES INCLUDING ASSOCIATES VERSUS PREVIOUS GUIDANCE OF 182,000 TONNES.LEROEY SEAFOOD SEES 2018 CATCH OF WHITEFISH AND SHRIMP AT ABOUT 65,000 TONNES VERSUS 65,000 TONNES IN FEBRUARY.BOARD OF DIRECTORS CURRENTLY EXPECTS HIGH EARNINGS IN Q2 2018 AND 2018 AS A WHOLE..LEROEY SEAFOOD GROUP SEES GLOBAL SALMON INDUSTRY SUPPLY GROWTH AT 3.7 PERCENT IN 2018 VERSUS 5 PERCENT SEEN IN FEB.LEROEY SEAFOOD GROUP SEES NORWEGIAN SALMON INDUSTRY SUPPLY GROWTH AT 5.9 PERCENT IN 2018 VERSUS 7.5 PERCENT SEEN IN FEB.: GROUP HAS IDENTIFIED ROOM FOR OPERATIONAL IMPROVEMENTS IN ALL THREE REGIONS WHERE GROUP CARRIES OUT FISH FARMING.: GROUP'S INVESTMENTS WILL PROVIDE ORGANIC GROWTH IN VOLUME IN ALL REGIONS, AND SUBSTANTIAL REDUCTIONS IN PRODUCTION COSTS IN TWO OF REGIONS.: EXPECTED CONTRACT SHARE FOR SALMON AND TROUT IN Q2/18 ABOUT 25 PERCENT.  Full Article

Leroey Seafood Q1 salmon, trout harvest fell to 37,575 tonnes
Friday, 13 Apr 2018 

April 13 (Reuters) - Leroey Seafood Group ASA ::Q1 HARVEST VOLUME SALMON AND TROUT 37,575 TONNES VERSUS YEAR-AGO 43,307.Q1 CATCH VOLUME HAVFISK 22,268 TONNES VERSUS YEAR-AGO 20,586.COMPLETE Q1 2018 REPORT WILL BE RELEASED ON 8 MAY.  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

Fish disease ISA confirmed at Rauma Stamfisk -regulator
Monday, 18 Dec 2017 

Dec 18 (Reuters) - NORWAY'S FOOD SAFETY AUTHORITY::CONFIRMS ISA SALMON DISEASE FOUND AT RAUMA STAMFISK.  Full Article

Leroy Seafood CEO says salmon price rebounding from lows
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Leroy Seafood Group Asa :CEO Henning Beltestad says spot price for Norwegian farmed salmon sharply rebounding in current week from recent fall.CEO says salmon prices and volumes likely to be less volatile in 2018 versus 2017.  Full Article

Leroy Seafood Q3 in line with forecast, on track for record year
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Leroy Seafood Group Asa :Leroey seafood q3 ebit before fair value adjustment nok ‍861​ million (Reuters poll nok 863 million).Leroey seafood q3 revenue nok ‍4,373​ million (Reuters poll nok 4,994 million).Leroey seafood sees 2017 harvest volume ‍176,000​ tonnes including associates versus previous guidance of 175,000 tonnes.‍currently estimates a total harvest volume for salmon and trout of approximately 180,500 gwt for 2018, including share of lsg's volume from associates​.‍estimates that earnings in q4 2017 will be on par with earnings in q3 2017, ensuring that group will achieve a record-high profit in 2017​.Leroey seafood group sees global salmon industry supply growth at ‍​5.3 percent in 2017, 7 percent in 2018.Expected contract share for salmon and trout in q4 is about 30 percent.  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

Norwegian salmon price seen falling 1 crown to NOK 55-56 next week

OSLO, Sept 21 The price of Norwegian farmed salmon is expected to fall by about 1 Norwegian crown to 55-56 crowns per kilo next week for delivery in Oslo, two industry sources told Reuters on Friday.