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Grieg Seafood ASA (GSFO.OL)

GSFO.OL on Oslo Stock Exchange

74.10NOK
11:25am EDT
Change (% chg)

kr-1.80 (-2.37%)
Prev Close
kr75.90
Open
kr75.70
Day's High
kr75.70
Day's Low
kr73.50
Volume
368,249
Avg. Vol
636,439
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kr85.00
52-wk Low
kr39.40

Latest Key Developments (Source: Significant Developments)

Grieg Seafood CEO, COO bought 11,800 shares
Friday, 17 Feb 2017 03:47am EST 

Grieg Seafood Asa : CEO Andreas Kvame has on 17 february acquired 6,000 shares at NOK 72 per share. Kvame's total shareholding after this share purchase is 35,000 shares .COO Knut Utheim has on 17 february acquired 5,800 shares at NOK 72 per share. Utheim's total shareholding after this share purchase is 18,200 shares.  Full Article

Grieg Seafood beats Q2 earnings forecast, cuts output guidance
Thursday, 18 Aug 2016 12:00am EDT 

Grieg Seafood Asa : q2 ebit before biomass fair value adjustments nok 312 million (Reuters poll nok 295 million) . q2 revenue nok 1.68 billion (Reuters poll nok 1.51 billion) . 2016 harvest guidance cut to tonnes (previous guidance 70,000 tonnes) and versus 68,844 tonnes in Reuters poll . has an ongoing focus on improving operational efficiency, and this involves both increasing production per plant and per licence, as well as reducing costs per kilo . One of key steps being taken is to set out bigger smolt, which will make it possible to shorten production time in sea . There is strong underlying demand for salmon and good prices are therefore expected during remaining months of 2016 and into 2017 . Sale of Grieg's UK activities has been considered, but improvement in operations in region has not been reflected to a sufficient extent in offers received . Company will be aiming to increase production by 10% annually in period 2017-2019 . A harvest volume of 13,500 tons is expected in q3 . A significantly higher harvest volume is planned for q4 . The U.S. market is expected to develop particularly well in second half of 2016 due to a reduction in offers from Chile .Market may however come under sporadic pressure during some weeks in course of q3 2016, which could result in lower prices during these periods.  Full Article

Grieg Seafood Q1 beats forecast, proposes dividend
Thursday, 12 May 2016 12:01am EDT 

Grieg Seafood : Grieg seafood q1 ebit before biomass fair value adjustments nok 214 million (Reuters poll nok 173 million) . Grieg seafood repeats 2016 harvest guidance of 70,000 tonnes . Board propose a dividend nok 0.5 per share, equal to last year's payout . There are expectations of a decline in supply-side offers, presenting prospect of a strong salmon market in period ahead. This also applies in the U.S. market . Grieg seafood q1 revenue nok 1.3 billion (Reuters poll nok 1.12 billion) . Aims for 10 pct annual increase in production 2017-2019, increasing biomass in 2016 . Says strategic review of shetland operations ongoing .Says aims to bring costs down to industry average, or lower.  Full Article

Grieg Seafood gives FY 2015-2016 harvest guidance; to divest its processing activities in Shetland
Friday, 6 Nov 2015 12:45am EST 

Grieg Seafood ASA:Has decided to divest its processing activities in Shetland. In this connection the accounts include a write-down of 50 million Norwegian crowns.Says expected volume for FY 2015 has been reduced by 2,900 tons to 67,100 tons, mainly because part of volume has been moved from FY 2015 to FY 2016.Says harvested volume in FY 2016 is expected to be 70,000 tons.  Full Article

Grieg Seafood cuts 2015 harvest guidance
Wednesday, 19 Aug 2015 12:00am EDT 

Grieg Seafood ASA:Cuts 2015 harvest guidance to 70,000 tonnes (previous guidance 72,000 tonnes), a rise of 5,000 tonnes from 2014.  Full Article

Grieg Seafood board says not satisfied with performance, credit facility extended-Reuters
Wednesday, 15 Jul 2015 02:07am EDT 

Grieg Seafood ASA:Says board is not satisfied with company's performance trend and will revert with further information regarding implemented action and necessary measures ahead to reverse this trend-Reuters.Has extended its bank credit facility by 500 million Norwegian crowns from 1,410 million crowns to 1,910 million crowns.This has been done in order to refinance a bond loan of 400 million crowns which matures in December 2015.  Full Article

Norway's Grieg Seafood hit by high mortality in Canada
Tuesday, 23 Jun 2015 02:52am EDT 

Grieg Seafood ASA:Says has encountered high mortality at the West Coast of Vancouver Island due to low dissolved oxygen levels.The mortality so far is estimated to be 1,000 tonnes.Says primarily two locations are affected by the incident: Muchalat North lost 146,000 fish with an average weight of 3.73 kg and Williamson lost 532,000 fish with an average weight of 0.86 kg.The situation is stabilized and the rate of mortality back at a normal level.After the incident biomass at the two locations is: Muchalat North 1,051 tons and Williamson 152 tons.Grieg Seafood has earlier said they expect to harvest 72,000 tonnes this year.  Full Article

Grieg Seafood repeats 2015 harvest guidance
Monday, 11 May 2015 12:00am EDT 

Grieg Seafood ASA:Repeats 2015 harvest guidance of 72,000 tonnes; growth expected to continue in 2016.Some of the expected Q1 volume has been moved to Q2 Still good and stabilized production.Harvested volume in Q2 2015 is expected to be 16,700 tons.Limited supply-side growth is expected to result in a strong market in period ahead, but with possibility of regional variations in short term.Expects global industry supply growth of 3 percent in 2015 versus 2014.  Full Article

More From Around the Web

BRIEF-Grieg Seafood: Regional director Alexander Knudsen sells 9,000 shares

* Alexander Knudsen, regional director in Grieg seafood Rogaland as, has on 23 February 2017 sold 9,000 Grieg seafood asa shares at nok 76.60 per share Source text for Eikon: Further company coverage: (Reporting By Ole Petter Skonnord)