Austevoll Seafood Asa Ord (ASTVF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Then it's a pleasure for me to welcome you to Österval's second quarter presentation. I would first start taking you through the highlights of the quarter. Thereafter I would go through segment by segment and our performance in the quarter and try to give some insights in the quarter we are into now. Britt-Katrine Drivenes, our CFO, will take you through more in detail the numbers for second quarter. And I will end this session by giving our view on the different segments we are operating within. So starting up, I would say we are quite satisfied with the volumes we have pushed through, I would say, all our different subsidiaries in the quarter. Again, we have been harmed by falling prices both on salmon and trout and on fish meal and fish oil this quarter versus the same quarter last year, which has been putting pressure on margins. So we are delivering a weaker financial result in this quarter versus the same quarter last year. take you more in detail when I'm going through the different segments. So all in all, a revenue of 10 billion NOX, EBITDA of 1.3 billion NOX, and EBIT of 754 million NOX. Last year we had a gain of sales of two fishing vessels and 1.2 billion. So comparing this quarter with last quarter is you have to take that into the consideration. Going down on the bottom left on the table, we have excluded the gain of sales and included the 50% share of Pelagia numbers. And you can see we have an EBITDA of 1.3 billion NOx, where salmon and whitefish segments are contributing with 1.1 billion NOx. The pelagic segment is done by 450 million nok to 200 million nok, mainly driven by the performance in our Peruvian entity and in our Norwegian activity, mainly because of reduction in the fish, marine oil prices in particular. Looking at the first half year, j...