Latest news with #LeroySeafoodGroupASA
Business Insider
2 days ago
- Business
- Business Insider
Barclays Remains a Sell on Leroy Seafood Group ASA (0GM2)
Barclays analyst Alex Sloane maintained a Sell rating on Leroy Seafood Group ASA (0GM2 – Research Report) on June 9 and set a price target of NOK43.00. The company's shares closed yesterday at NOK46.01. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Sloane is an analyst with an average return of -2.3% and a 48.60% success rate. Sloane covers the Consumer Defensive sector, focusing on stocks such as SalMar ASA, Givaudan SA, and Barry Callebaut AG. Currently, the analyst consensus on Leroy Seafood Group ASA is a Moderate Sell with an average price target of NOK44.00. The company has a one-year high of NOK56.80 and a one-year low of NOK41.58. Currently, Leroy Seafood Group ASA has an average volume of 47.46K.
Business Insider
17-05-2025
- Business
- Business Insider
Kepler Capital Sticks to Its Sell Rating for Leroy Seafood Group ASA (0GM2)
Kepler Capital analyst Niklas Vilnes Helgheim maintained a Sell rating on Leroy Seafood Group ASA (0GM2 – Research Report) on May 15 and set a price target of NOK44.00. The company's shares closed last Thursday at NOK47.86. Confident Investing Starts Here: Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter According to TipRanks, Vilnes Helgheim is an analyst with an average return of -10.1% and a 16.67% success rate. Currently, the analyst consensus on Leroy Seafood Group ASA is a Moderate Sell with an average price target of NOK43.50.
Yahoo
06-03-2025
- Business
- Yahoo
Leroy Seafood Group ASA (LYSFF) Q4 2024 Earnings Call Highlights: Record Growth Amidst Market ...
Release Date: February 28, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Leroy Seafood Group ASA (LYSFF) reported excellent biological performance with a net growth in tons of 41% year on year. Record earnings in sales and distribution on a 12-month rolling basis, indicating strong market positioning. Significant improvements in biological performance and earnings in Scottish Sea Farm, contributing to overall profitability. The company achieved the highest net production in its history in 2024, with reduced mortality and declining costs. Leroy Seafood Group ASA (LYSFF) is making strides in sustainability, with initiatives like using protein from byproducts of European chicken in fish feed, reducing total emissions by 5% to 10%. Salmon and trout prices were significantly lower compared to the previous year, impacting revenue. Wildcatch earnings were affected by low quotas, despite an increase in prices. Higher feed costs and lower harvest weights in certain regions negatively impacted cost efficiency. The company faced challenges with lower quotas in the whitefish segment, affecting overall volumes. Net interest-bearing debt increased, partly due to substantial investments in submerged technology and other areas. Warning! GuruFocus has detected 2 Warning Sign with MUS:RNSS. Q: Can you elaborate on the biological performance improvements and their impact on the company's results? A: Henning Beltestad, CEO, explained that the company has seen excellent biological performance with a net growth in tons of 41% year-on-year. This improvement is starting to reflect in the results, particularly in Scottish Sea Farm, which has shown strong biological development and record earnings in sales and distribution on a 12-month rolling basis. Q: What are the expectations for harvest volumes in 2025, and how do they compare to previous years? A: Henning Beltestad, CEO, stated that the harvest guidance for 2025 is 211,000 tons, including their share of Scottish Sea Farm. This is an increase from previous years, with specific targets set for different regions: 50,000 tons in Leroy Aurora, 75,000 tons in Leroy Midt, and 70,000 tons in Leroy Sjotroll. Q: How is the company addressing the challenges in the Wildcatch segment? A: Henning Beltestad, CEO, acknowledged the impact of low quotas on Wildcatch earnings but noted an increase in prices. The company is focusing on improvements in all factories and expects better figures when quotas rise again. The Wildcatch volumes for the fourth quarter were about 10,000 tons compared to 12,500 tons last year. Q: What strategic initiatives are being implemented to achieve the company's long-term goals? A: Henning Beltestad, CEO, highlighted several initiatives, including sustainable fish feed, airborne transport, and alternative fuel. The company has started using protein from byproducts of European chicken in fish feed, aiming to reduce total emissions by 5% to 10%. The goal is to achieve NOK50 billion in turnover by 2030 and significant reductions in total emissions. Q: Can you provide insights into the company's financial performance and outlook? A: Sjur Malm, CFO, reported that the company achieved the highest net growth in any year for its farming operations in 2024. Operational EBIT was around NOK800 million, up from NOK765 million last year. The company expects continued positive profitability trends in 2025, with a focus on operational efficiency and strategic investments in submerged technology and improved small quality. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
