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Austevoll Seafood ASA (AUSS.OL)

AUSS.OL on Oslo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Sparebank 1 Markets cuts 2018, 2019 salmon price forecasts
Thursday, 21 Dec 2017 02:47am EST 

Dec 21 (Reuters) - Marine Harvest Asa ::SPAREBANK 1 MARKETS CUTS 2018 SALMON PRICE FORECAST TO NOK 50.9 PER KILO (EUR 5.30) FROM NOK 55.0.SPAREBANK 1 MARKETS CUTS 2019 SALMON PRICE TO NOK 53.8 PER KILO (EUR 5.60) FROM NOK 57.7.SPAREBANK 1 MARKETS SEES 15-25 PERCENT REDUCTION IN 2018 EBIT ON NORWEGIAN SALMON SECTOR AFTER PRICE CUT.SPAREBANK 1 MARKETS KEEPS SELL RECOMMENDATIONS ON MARINE HARVEST, LEROEY, SALMAR, BAKKAFROST AND GRIEG, KEEPS NEUTRAL ON NORWAY ROYAL SALMON.SPAREBANK 1 MARKETS SAYS NEEDS TO SEE ANOTHER 10 PERCENT DROP IN SHARE PRICES BEFORE IT WILL START RECONSIDERING NEGATIVE SECTOR VIEW.  Full Article

Austevoll Seafood Q3 earnings miss forecast
Thursday, 9 Nov 2017 01:00am EST 

Nov 9 (Reuters) - Austevoll Seafood Asa :q3 revenues nok ‍4,903​ million (Reuters poll nok 5,429 million).q3 ebit before fair value adjustment nok ‍822​ million (Reuters poll nok 911 million).value adjustment related to biological assets was negative at nok 512 million in q3 2017.q3 pretax profit before value adjustment nok ‍873​ million (Reuters poll nok 925 million). Profit before tax for the quarter totalled NOK 329 million​.  Full Article

Austevoll Q2 EBIT before adjustment beats forecast
Thursday, 24 Aug 2017 01:18am EDT 

Aug 24 (Reuters) - Austevoll Seafood Asa :q2 revenues nok 5,019 million (Reuters poll nok 5,191 million).q2 ebit before fair value adjustment nok 1,090 million (Reuters poll nok 1,027 million).Q2 fair value adjustment related to biological assets for the quarter was positive at NOK 702 million .There are limited opportunities for growth in the global supply of salmon and trout in the next few years..Salmon lice prevention costs are expected to increase in 2017, while costs related to treatment are expected to fall..There is significant potential for reductions in treatment costs, and the group has a clearly defined strategy and goal to realise this potential, while acknowledging that it is difficult to specify a timeline for such a development..  Full Article

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

BRIEF-Austevoll Seafood Q3 earnings miss forecast

* q3 revenues nok ‍4,903​ million (Reuters poll nok 5,429 million)