Business

Lerøy Seafood Group ASA: Solid operations across all segments, strong earnings in VAP S&D and Wild Catch

"We delivered solid operations across all segments in the second quarter, resulting in an operational EBIT of NOK 680 million in the quarter. The quarter clearly illustrates the robustness of our business model with a fully integrated value chain in a diversified seafood company," says CEO of Lerøy Seafood Group ASA (LSG), Henning Beltestad. FARMING – STRONG BIOLOGICAL PERFORMANCE BUT LOW PRICES FOR SALMON AND TROUT. Operational EBIT in the second quarter of 2025 ended at NOK 256 million in the

articleLeroy Seafood Group AsaAugust 20, 20253/company/leroy-seafood-group-asa-1/news/leroy-seafood-group-asa-solid-operations-across-all-segments-strong-earnings-in-vap-sandd-and-wild-catch
Lerøy Seafood Group ASA: Solid operations across all segments, strong earnings in VAP S&D and Wild Catch

About this update from Leroy Seafood Group Asa

[{"type":"image","alt":"Lerøy Seafood Group ASA","displaySize":"","headline":null,"caption":"Lerøy Seafood Group ASA","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":159,"url":"https://media.zenfs.com/en/globenewswire.com/ffcbb3b3c6796dd417e99bc28c262b1e"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/qvHtCgYyurCO3wUzUHtWng--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTIyMztjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/ffcbb3b3c6796dd417e99bc28c262b1e","width":300,"height":159}},"lazy":false},{"type":"text","content":""We delivered solid operations across all segments in the second quarter, resulting in an operational EBIT of NOK 680 million in the quarter. The quarter clearly illustrates the robustness of our business model with a fully integrated value chain in a diversified seafood company," says CEO of Lerøy Seafood Group ASA (LSG), Henning Beltestad.","length":353,"tagName":"p"},{"type":"text","content":"FARMING – STRONG BIOLOGICAL PERFORMANCE BUT LOW PRICES FOR SALMON AND TROUT.","length":76,"tagName":"p"},{"type":"text","content":"Operational EBIT in the second quarter of 2025 ended at NOK 256 million in the Farming segment.","length":95,"tagName":"p"},{"type":"text","content":""LSG achieved its highest net growth ever for a second quarter. Survival rates are high, the share of superior quality is high, and the average harvest weight has increased, while cost per kg is declining. This is due to a very strong biological performance. We see a more challenging start to the third quarter, where high sea temperatures in Norway imply increased biological risk. The guided harvest volume of salmon and trout for 2025 remains at 195,000 GWT.","length":467,"tagName":"p"},{"type":"text","content":"Low prices for salmon and trout, driven by strong supply growth, naturally impact results in the quarter, while contracts provide some earnings stability. Low spot prices continued into the third quarter. In the longer term, the increased supply helps us build markets, for example in China, which is positive for Lerøy, the industry, and Norway as an export nation.","length":366,"tagName":"p"},{"type":"text","content":"We continue to perform well in our submerged cages and experience positive effects from changes we have made in genetics and smolt production," comments Beltestad.","length":168,"tagName"...

More updates from Leroy Seafood Group Asa

Henning BeltestadLerøy Seafood Group ASAOperational EBIT