Masoval AsOSL: MAS

MAS: Profitability declined sharply in Q3 2024 as lower salmon prices and higher costs hit results

· Issued by Masoval AS

Q3 2024 saw a sharp drop in profitability due to lower salmon prices and higher costs, with operational EBIT at MNOK -61 and revenue down 21% year-over-year. Operational challenges, ISA outbreaks, and start-up costs for TL52 impacted results.

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