Leroy Seafood Group ASA (OTCPK:LYSFF)
$ 4.255 0 (0%) Market Cap: 2.62 Bil Enterprise Value: 3.29 Bil PE Ratio: 0 PB Ratio: 1.44 GF Score: 92/100

Q2 2022 Leroy Seafood Group ASA Earnings Call Transcript

Aug 24, 2022 / 06:45AM GMT
Release Date Price: $7.33
Henning KolbjÃ;rn Beltestad;y Seafood Group ASA;Group CEO
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Good morning. Welcome to Lerøy Seafood Group's Second Quarter Presentation. My name is Henning Beltestad. I'm the CEO of Lerøy Seafood Group. And with me today, I have Sjur Malm, CFO.

First of all, you've seen this value chain before that Lerøy as a fully integrated company of both whitefish and redfish, and our goal is to create the world's most efficient and sustainable value chain for seafood. And the large and extensive investments we have made over a long period of time are now starting to yield results.

First of all, some highlights in the quarter. This is a record high quarterly revenue with NOK 6.5 billion in turnover. It's a quarter with extreme price development and which has, of course, been positive for the upstream assets but also a challenging quarter for our downstream operation. The EBIT is NOK 923 million compared to NOK 583 million same quarter last year. In this quarter, we paid out NOK 2.5 per share in dividend, and the net interest-bearing debt end

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