Resultatfall for Lerøy Seafood
Sjømatkjempen slaktet mindre i årets andre kvartal, og resultatet var svakere enn ventet.
Oppdretts- og sjømatselskapet Lerøy released its financial results for the second quarter on Wednesday morning. The company reported a business operation result of 574 million kroner for the quarter, which is weaker than expected, down from 680 million kroner in the same quarter last year. This decline is due to lower catch volumes and weaker margins in Market Operations, according to the company's CEO Henning Beltestad in the report.
Analysts had anticipated a business operation result of 709 million kroner based on consensus estimates from Bloomberg. Revenue contracted to 7.9 billion kroner in the quarter, down from 8.8 billion kroner a year ago and significantly below the forecasted 8.7 billion kroner. As usual, Lerøy released catch and production figures ahead of the quarterly report.
In addition to salmon and trout, Lerøy also engages in the catch, processing, and sale of seafood. Catch volumes for salmon and trout fell to 44,750 tonnes in the second quarter, down from 48,900 tonnes in the same period last year. In whitefish, catch volumes increased, with 18,800 tonnes caught, up from 17,700 tonnes a year ago.
The seafood company retains the forecast of catch volumes of 195,000 tonnes in Norway for 2026, even after the second quarter. Including the share in Scottish Sea Farms, Lerøy expects a total catch volume of 217,000 tonnes for the year. Lerøy anticipates that the market for salmon and trout will "gradually tighten" and writes that growth in global salmon and trout supply is expected to decline significantly in the second half of 2026, following several quarters of strong supply growth.
Demand continues to grow in most major markets according to the quarterly report. When it comes to whitefish, expectations for 2026 are rising. Prices for our key species remain strong, and we see clear results from our improvement work in the inland industry. Looking ahead to the first half of 2026, we are raising our expectation for business operation results in whitefish to NOK 400-450 million, up from NOK 350-400 million, says Beltestad.
Austevoll, which also provides results in the morning, is the largest shareholder in Lerøy. The Møgster family is the main shareholder in Austevoll.
Written by urgent.news from E24 Norway's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
