Austevoll Seafood Asa Ord (ASTVF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

It is a pleasure for me to welcome you to Øysteinvold's third quarter presentation. With me today is Britt-Katrine Drivenes. I will start by giving you some highlights from the quarter. Then I will go from segment to segment. I will give you an overview of what has happened in the quarter in the different segments. gives our thoughts on the future in the different segments we operate in. Britt will take you through the financial performance and then we will conclude by giving our view on the different markets. In short, we have had a quarter where we have delivered worse in all segments, both in and out of marine use and in and out of pelagic activity compared to the same quarter last year. There are three main reasons for this. The first is that he has had a demanding situation, especially with high temperatures, an unusually high light pressure compared to the same quarter last year. He has also experienced growth and has had some biological challenges in connection with radiation. The second reason is a significantly lower price achievement due to the drop in spot prices. When it comes to the pelagic business, the trend in relation to the second quarter has been that falling oil prices have also had an impact on the margins, especially in fish oil, both in South America and in North Atlanta. In short, a turnover of SEK 10 billion per quarter, EBITDA of SEK 652 million and an EBITDA of SEK 73 million. Taking a look at the 50% share of Pelagia, it has an EBITDA of 791. The EBITDA from salmon and whitefish is down by about 320 million, at about 500 millions for the quarter, and the pelagic business is down about 340 million. Again, mainly explained by a drop, especially in oil prices, where it has on average had a 50% lower price achievement on fish oils in the quart...