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Austevoll Seafood ASA (AUSS.OL)

AUSS.OL on Oslo Stock Exchange

69.50NOK
26 May 2017
Change (% chg)

kr-3.75 (-5.12%)
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kr73.25
Open
kr71.50
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kr71.50
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kr69.25
Volume
246,393
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275,921
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kr84.75
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Latest Key Developments (Source: Significant Developments)

Austevoll Seafood's q1 results above forecast
Thursday, 11 May 2017 01:00am EDT 

May 11 (Reuters) - Austevoll Seafood Asa :Austevoll q1 revenues nok 6,075 million (Reuters poll nok 5.49 billion) vs NOK 4,412 mln in Q1 2016.Austevoll q1 ebit before value adjustment for biomass nok 1,331 million (Reuters poll nok 1.12 billion) vs nok 696 mln in q1 2016.Austevoll q1 pretax profit and adjustments nok 1,401 million (Reuters poll nok 1.23 billion).The Group’s strong position within the global seafood industry gives grounds for a positive outlook for the Group’s future development.  Full Article

Nordea Markets maintains "sell" on most salmon shares, cuts price targets
Friday, 31 Mar 2017 04:43am EDT 

Nordea Markets: Nordea Markets cuts its 2017-19 salmon price forecasts by NOK 3 per kilo to NOK 57, NOK 51 and NOK 50, respectively . also cuts share price targets and maintains a general sell rating for most salmon companies listed in Oslo . maintains buy recommendations for Austevoll seafood, cuts share price target to NOK 75 from NOK 80 . maintains hold on Bakkafrost, cuts share price target to NOK 280 from NOK 350 . keeps sell on Marine Harvest , Lerøy Seafood , Salmar , Grieg Seafood and Norway Royal Salmon . Share price target cut to NOK 115 from NOK 140 on Marine Harvest, to 380 from 440 on Lerøy, to 180 from 215 on Salmar, to 65 from 80 on Grieg and to 140 from 175 on Norway Royal Salmon . says the salmon price dropped 27 pct in the first two months of 2017 despite lower y/y supply growth . The main reasons for this seem to be: 1) buyers being more cautious after the massive 2016 losses for processors; 2) lower end-user demand owing to a lack of campaigns and higher prices; and 3) signs of higher supply growth Further company coverage: [MHG.OL][GSFO.OL][LSG.OL][BAKKA.OL][SALM.OL][NRSM.OL][AUSS.OL] (Reporting By Ole Petter Skonnord) ((olepetter.skonnord@thomsonreuters.com;)).  Full Article

Austevoll Seafood operating profit below forecast, cuts dividend
Tuesday, 21 Feb 2017 01:00am EST 

Austevoll Seafood Asa : q4 revenues NOK 5,330 million (Reuters poll NOK 5.39 billion) . q4 ebit before value adjustment for biomasss NOK 931 million (Reuters poll NOK 1.14 billion) . q4 pretax profit NOK 2,658 million (Reuters poll NOK 1.17 billion) . Fair value adjustment of biomass totalled NOK 1,634 million in q4 2016 . Net write-downs in Q4 2016 were NOK 128 million . proposes dividend of NOK 2.50 per share for 2016, down from NOK 7 per share (Reuters poll NOK 4.21) . says strategy going forward is to continue to grow and further develop within its current operating segments .says strong position within the global seafood industry gives grounds for a positive outlook for the group’s future development.  Full Article

BRIEF-Austevoll Seafood Q2 operating profit in line with forecast
Thursday, 18 Aug 2016 01:00am EDT 

Austevoll Seafood : q2 revenues nok 4.56 billion (Reuters poll nok 4.4 billion) . q2 ebit before value adjustment for biomasss nok 790 million (Reuters poll nok 786 million) . says has and shall continue to have the financial flexibility to support its strategy of further organic growth, carry out strategic acquisitions and sustain the company’s dividend policy .currently expects a better result in the second half of 2016 than the group achieved in the second half of 2015.  Full Article

Austevoll Seafood Q2 operating profit in line with forecast
Thursday, 18 Aug 2016 01:00am EDT 

Austevoll Seafood : q2 revenues nok 4.56 billion (Reuters poll nok 4.4 billion) . q2 ebit before value adjustment for biomasss nok 790 million (Reuters poll nok 786 million) . says has and shall continue to have the financial flexibility to support its strategy of further organic growth, carry out strategic acquisitions and sustain the company’s dividend policy .currently expects a better result in the second half of 2016 than the group achieved in the second half of 2015.  Full Article

Austevoll Seafood Q1 operating profit beats forecast
Thursday, 12 May 2016 01:07am EDT 

Austevoll Seafood : q1 revenues nok 4.41 billion (Reuters poll nok 4.02 billion) . q1 ebit before value adjustment for biomasss nok 696 million (Reuters poll nok 620 million) .says the board of directors currently expects a better result this year compared with last year.  Full Article

Austevoll Seafood sees rising FY 2016 result, proposes dividend for FY 2015
Tuesday, 23 Feb 2016 01:00am EST 

Austevoll Seafood ASA:Proposes dividend of ‍2.20​ Norwegian crowns per share for FY 2015.Sees, at the time of writing, a higher profit in FY 2016 than in FY 2015.  Full Article

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BRIEF-Austevoll Seafood's q1 results above forecast

* Austevoll q1 revenues nok 6,075 million (Reuters poll nok 5.49 billion) vs NOK 4,412 mln in Q1 2016