Earnings call transcript: Lerøy Seafood Group Q2 2026 profit slips as stock falls

Lerøy Seafood Group reported a decline in second-quarter profit compared to the previous year, with operational EBIT falling 15.6% from 680 million NOK to 574 million NOK. The Norwegian company's farming business benefited from strong biological performance in Norway, particularly at Lerøy Aurora and Lerøy Midt, but was hurt by lower harvest volumes and pricing effects in the western region.

Meanwhile, the company's wild catch unit showed a rise in catch volumes, higher prices, and potential for a stronger second half. Lerøy's shares fell 1.49% to $40.88, remaining below the midpoint of its 52-week range. The company did not disclose a comparable actual EPS or revenue figure. Management remains optimistic about its second-half outlook, focusing on cost reductions, technology investments, and salmon demand recovery.