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Leroy Seafood Group ASA (LSG.OL)

LSG.OL on Oslo Stock Exchange

55.34NOK
10:25am EDT
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kr-0.36 (-0.65%)
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kr55.70
Open
kr56.00
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kr56.30
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kr55.14
Volume
1,129,912
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1,474,238
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kr62.62
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kr37.56

Latest Key Developments (Source: Significant Developments)

Leroey Seafood fish farm hit by ISA -Norway food safety regulator
Wednesday, 28 Feb 2018 09:40am EST 

Feb 28 (Reuters) - Leroy Seafood Group Asa ::LEROEY SEAFOOD: INFECTIOUS SALMON ANEMIA (ISA) FOUND AT LEROEY VEST/SJOETROLL FISH FARMING SITE IN AUSTEVOLL -NORWAY FOOD SAFETY REGULATOR.  Full Article

Leroey Seafood Q4 core earnings beat forecast, 2017 dividend lags
Tuesday, 27 Feb 2018 12:44am EST 

Feb 27 (Reuters) - Leroey Seafood Group Asa ::LEROEY SEAFOOD Q4 REVENUE NOK ‍4,567​ MILLION (REUTERS POLL NOK 4,888 MILLION).LEROEY SEAFOOD Q4 EBIT BEFORE FAIR VALUE ADJUSTMENT NOK ‍777​ MILLION (REUTERS POLL NOK 742 MILLION).‍BOARD OF DIRECTORS CURRENTLY EXPECTS SATISFACTORY EARNINGS IN Q1 2018 AND 2018 AS A WHOLE​.LEROEY SEAFOOD SEES 2018 HARVEST VOLUME ‍182,000​ TONNES INCLUDING ASSOCIATES VERSUS PREVIOUS GUIDANCE OF 180,500 TONNES.LEROEY SEAFOOD PROPOSES 2017 DIVIDEND OF NOK 1.5‍​ PER SHARE (REUTERS POLL NOK 1.68 PER SHARE).LEROEY SEAFOOD GROUP SEES GLOBAL SALMON INDUSTRY SUPPLY GROWTH AT 5‍​ PERCENT IN 2018 VERSUS 7 PERCENT SEEN IN Q3.LEROY SEAFOOD GROUP SAYS EXPECTED CONTRACT SHARE IN Q1 FOR SALMON AND TROUT IS ABOUT 25 PCT‍​.  Full Article

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

Fish disease ISA confirmed at Rauma Stamfisk -regulator
Monday, 18 Dec 2017 10:09am EST 

Dec 18 (Reuters) - NORWAY'S FOOD SAFETY AUTHORITY::CONFIRMS ISA SALMON DISEASE FOUND AT RAUMA STAMFISK.  Full Article

Leroy Seafood CEO says salmon price rebounding from lows
Thursday, 9 Nov 2017 03:31am EST 

Nov 9 (Reuters) - Leroy Seafood Group Asa :CEO Henning Beltestad says spot price for Norwegian farmed salmon sharply rebounding in current week from recent fall.CEO says salmon prices and volumes likely to be less volatile in 2018 versus 2017.  Full Article

Leroy Seafood Q3 in line with forecast, on track for record year
Thursday, 9 Nov 2017 12:30am EST 

Nov 9 (Reuters) - Leroy Seafood Group Asa :Leroey seafood q3 ebit before fair value adjustment nok ‍861​ million (Reuters poll nok 863 million).Leroey seafood q3 revenue nok ‍4,373​ million (Reuters poll nok 4,994 million).Leroey seafood sees 2017 harvest volume ‍176,000​ tonnes including associates versus previous guidance of 175,000 tonnes.‍currently estimates a total harvest volume for salmon and trout of approximately 180,500 gwt for 2018, including share of lsg's volume from associates​.‍estimates that earnings in q4 2017 will be on par with earnings in q3 2017, ensuring that group will achieve a record-high profit in 2017​.Leroey seafood group sees global salmon industry supply growth at ‍​5.3 percent in 2017, 7 percent in 2018.Expected contract share for salmon and trout in q4 is about 30 percent.  Full Article

Leroey Seafood Q2 core earnings miss forecast
Thursday, 24 Aug 2017 12:30am EDT 

Aug 24 (Reuters) - Leroy Seafood Group Asa :q2 ebit before fair value adjustment nok 801 million (Reuters poll nok 885 million).q2 revenue nok 4,224 million (Reuters poll nok 4,616 million).For 2017 as a whole, harvest volume is expected to be higher than in 2016.Leroey seafood sees 2017 harvest volume 175,000 tonnes including associates versus previous guidance of 180,000 tonnes.Board of directors is positive to market outlook, and currently expects to see an improvement in result in q3 2017 when compared with q2 2017, and a significantly better result for 2017 than in 2016.Sees a significantly better result for 2017 than in 2016..Lice prevention costs expected to increase in 2017, while costs related to treatment are expected to fall.  Full Article

Leroy Seafood Q1 core earnings beat forecast, sees weaker Q2
Thursday, 11 May 2017 12:30am EDT 

May 11 (Reuters) - Leroy Seafood Group Asa :Q1 ebit before fair value adjustment NOK 1.28 billion (Reuters poll NOK 1.05 billion).Q1 total revenue NOK 5.46 billion (Reuters poll NOK 4.93 billion).sees 2017 harvest volume 180,000 tonnes including associates versus previous guidance of 180,000 tonnes.harvested volume of salmon and trout will be significantly lower in Q2 2017 when compared with both Q1 2017 and Q2 2016.Board of directors therefore expects results before fair value adjustments in Q2 2017 to be substantially lower than in Q1 2017, but at same time that results before fair value adjustments for 2017 to be higher than in 2016.group sees global salmon industry supply +3.3 percent in 2017 versus +1.7 percent previously.says market outlook supports strong prices.says expected contract share Q2 is about 40 percent, with significantly lower harvest volume than in q1/17.  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

Leroey Seafood not satisfied with proposed cod trawler regulations
Friday, 17 Mar 2017 07:14am EDT 

Leroey Seafood Group Asa : Says not satisfied with government's proposal for regulatory change of cod trawlers, which implies a reduction of the group's basic quota of 20 percent . Says main elements in the proposal seem to be that the government proposes to remove the so-called trawler fleet land-lock obligation system, partly in return for payment of financial compensation and partly a reduction in the company's basic quota . Plans to study proposal in detail and assess it in its entirety, including legal aspects .Hopes that company's input to further political discussions will be heard, so that final resolution provides best possible grounds for future development of our sector.  Full Article