Leroy Seafood Group ASA

LSG

Equity

ISIN NO0003096208 / Valor 1113245

Oslo Stock Exchange (2024-11-20)

NOK 50.35+1.84%

Leroy Seafood Group ASA
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About company

Lerøy Seafood Group ASA is a prominent seafood company with a rich history dating back to 1899. The company's primary focus is on the production of salmon and trout, as well as the catch of whitefish, processing, product development, marketing, sale, and distribution of seafood. With fishing vessels and fish farms along the coast of Norway, production and packaging plants in various countries across Europe, and sales offices in the USA, Japan, and China, Lerøy Seafood Group ASA is a global supplier of seafood products to a wide range of customers, including shops, restaurants, canteens, and hotels. Their extensive reach allows them to deliver thousands of different seafood products daily, totaling 1.75 billion meals annually.

Summarized from source with an LLMView SourceSector: Consumer Non-Cyclicals

Revenue Growth

Leroy Seafood Group ASA reported a revenue of NOK 7,110 million for Q1 2024, marking a 2% increase compared to NOK 6,971 million in Q1 2023. This growth is attributed to high utilization of processing capacity in Norway despite seasonally low volumes in some end markets.

Operating Profit

The operating profit for Leroy Seafood Group ASA in Q1 2024 was NOK 842 million, down from NOK 989 million in the same period of the previous year. The decline in operating profit is primarily due to lower sea temperatures affecting growth and quality downgrades in the harvest volume.

Earnings Per Share

Earnings per share (EPS) before fair value adjustment related to biological assets for Leroy Seafood Group ASA stood at NOK 0.81 in Q1 2024, compared to NOK 1.04 in Q1 2023. This represents a 22% decrease year-over-year, reflecting the challenges faced in the quarter.

Dividend Recommendation

The Board of Directors of Leroy Seafood Group ASA has recommended a dividend of NOK 2.5 per share for Q1 2024. This recommendation is subject to approval at the Annual General Meeting (AGM).

Return on Capital Employed

Leroy Seafood Group ASA's annualized return on capital employed (ROCE) before fair value adjustment related to biological assets was 14.3% in Q1 2024, down from 16.1% in Q1 2023. The decrease in ROCE is indicative of the lower earnings and operational challenges faced during the quarter.

Summarized from source with an LLMView Source

Key figures

23.5%1Y

-27.3%3Y

-10.4%5Y

Performance

31.3%1Y

37.2%3Y

35.9%5Y

Volatility