Reuters logo
2 months ago
UPDATE 1-Grieg Seafood Q1 operational ebit lags forecast, maintains 2017 harvest guidance
May 12, 2017 / 5:23 AM / 2 months ago

UPDATE 1-Grieg Seafood Q1 operational ebit lags forecast, maintains 2017 harvest guidance

1 Min Read

(Updates with more)

May 12 (Reuters) - Grieg Seafood Asa:

* Q1 ebit before adjustment nok 131 mln (rtrs poll nok 164 mln) vs NOK 214 mln in Q1 2016

* Q1 revenues 1 422 mln, reflecting a 12 pct change compared with same period in 2016

* Low harvest volume (8 552 tons in Q1 vs. rtrs poll 8 339 tons) in three regions, as planned in order to boost sea production, increases costs per kilo in Q1

* Harvest volume in q2 2017 is expected to be 18 000 tons

* Expected harvest volume of 70 000 tons in 2017 is maintained

* In a global perspective, there are expectations of limited supply-side growth in the salmon market

* There is strong underlying demand for salmon and good prices are therefore expected in 2017 Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below