{
  "id": 2152867,
  "title": "Earnings call transcript: Austevoll Seafood misses q2 2026 forecasts as Peru weighs on results",
  "url": "https://urgent.news/2026/08/20/earnings-call-transcript-austevoll-seafood-misses-q2-2026-forecasts",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-20T14:28:53.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/transcripts/earnings-call-transcript-austevoll-seafood-misses-q2-2026-forecasts-as-peru-weighs-on-results-93CH-4870077"
  },
  "original_language": "en",
  "account": "Austevoll Seafood ASA released its second-quarter 2026 earnings report, showing lower-than-expected results. The company reported revenue of 8.68 billion, which fell short of the 9.78 billion forecast, and earnings per share (EPS) of 1.57, missing the 1.63 estimate by 0.06 or 3.68%. The weaker-than-anticipated performance was primarily due to a suspension of Peru’s fishing season and decreased salmon volumes. Despite these challenges, Austevoll noted strong pricing in fishmeal, fish oil, and whitefish, which helped mitigate some of the negative impact. The stock price opened at $83.45 and increased by 0.78% to $84.10 following the report, positioning the shares 20.5% below their 52-week high of $105.80 and 9.8% above the 52-week low of $76.60. Austevoll described the quarter as \"special,\" with mixed performance across its seafood businesses. While salmon farming was solid in two of the three regions, lower slaughter volumes and downgrades in trout negatively affected results. Pelagic operations, particularly in Peru, were a significant drag on performance. Nevertheless, the company's diversified portfolio helped offset some of the weaknesses in Peru. For the first half of 2026, EBITDA excluding Pelagia’s 50% ownership was down only 2% year-over-year, demonstrating the group’s capacity to absorb regional volatility. Cash reserves stood at 4.6 billion kroner, up from 4.5 billion kroner the previous year. Management highlighted that the company's broad range of seafood businesses helped cushion the quarter's weakness. Although the EPS fell below expectations, the revenue shortfall was more substantial, reflecting lower volumes in Peru and reduced salmon output. The combination of factors suggests that the earnings miss was more pronounced on the top line compared to the underlying operating level, particularly as prices remained robust in several markets.",
  "summary": null,
  "key_points": [
    "Austevoll Seafood reported 8.68 billion revenue, missing 9.78 billion forecast",
    "Peru’s fishing season suspension and salmon volume decrease impacted results",
    "Stock opened at $83.45 and rose 0.78% to $84.10 following earnings"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Earnings call transcript: Carlyle Credit Income Fund posts stable Q3 2026 results",
        "url": "https://urgent.news/2026/08/20/earnings-call-transcript-carlyle-credit-income-fund-posts-stable-q3",
        "published": "2026-08-20T14:57:41.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}