Leroy Seafood Group ASA (CHIX:LSGo)
kr 45.53 (0%) Market Cap: 27.78 Bil Enterprise Value: 38.26 Bil PE Ratio: 18.49 PB Ratio: 1.42 GF Score: 86/100
Back to the Transcripts List

Q3 2024 Leroy Seafood Group ASA Earnings Call Transcript

Nov 14, 2024 / 07:00 AM GMT
Release Date Price: kr51.03

Key Points

Positve
  • Leroy Seafood Group ASA (LYSFF) reported a record earnings in the web sales and distribution segment on a 12-month rolling basis.
  • The company has seen strong biological improvements in Scottish Sea Farms, contributing to increased earnings.
  • There is a significant increase in harvest volume and profitability at Scottish Sea Farms, indicating a successful turnaround.
  • Leroy Seafood Group ASA (LYSFF) has invested heavily in sales and processing operations across 14 countries, leading to higher profitability.
  • The company is on track to achieve its target of 200,000 tons of salmon and trout harvest by 2025, with promising biological developments and new technology implementations.
Negative
  • The quarter experienced weak price development for salmon and trout, impacting overall earnings.
  • High sea lice pressure and increased treatment costs have negatively affected the company's cost structure, particularly in the north and mid regions.
  • The wild catch segment faces challenges due to reduced quotas, leading to lower catch volumes and profitability.
  • The company reported a decrease in EBIT to 412 million NOK from 631 million NOK in the same quarter last year, primarily due to lower prices.
  • Higher feed costs have driven up year-on-year expenses, impacting margins in the salmon and trout segments.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

LSG.OL - Leroy Seafood Group ASA
Q3 2024 Leroy Seafood Group ASA Earnings Call
Nov 14, 2024 / 07:00AM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Is that?

Yeah, welcome to Leif Group's third quarter presentation 2024. My name is Hanning Belt and I am a CEO of Leadership group. And with me today, I have XM CFO.

First of all, I will take you through some highlights in the quarter. Then scan will take you through the key financial highlights and then I will come back and talk a little bit about the outlook for what we do.

There is creating the world's most efficient and sustainable value chain for seafood. We are fully integrated in both whitefish and redfish and have a unique competitive advantage. Why is that? We believe that the customers are seeking sustainability and health, quality and traceability, stability and availability and convenience
Already have an account? Log in
Get the full story
Start 7-Day Free Trial
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot
Research Tools
All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board
Product
Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App 中文
Education
Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation
Company
About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program
Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey
Follow Us
download GuruFocus on Apple store download GuruFocus on Google Play
Disclaimers
GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.
© 2004-2025 GuruFocus.com, LLC. All Rights Reserved.