Austevoll Seafood ASA (OSL:AUSS)
kr 83.2 -0.50 (-0.6%) Market Cap: 16.79 Bil Enterprise Value: 38.42 Bil PE Ratio: 18.09 PB Ratio: 1.03 GF Score: 83/100

Q1 2026 Austevoll Seafood ASA Earnings Call Transcript

May 12, 2026 / 11:00 AM GMT
Release Date Price: kr89.7 (+0.45%)

Key Points

Positve
  • Austevoll Seafood ASA (ASTVF) reported strong earnings across different segments in the first quarter.
  • The company achieved a 32% better contribution from the pelagic segments, driven by improved performance in Peru and Fucop.
  • Whitefish segment saw higher earnings due to excellent price achievements, despite lower quotas.
  • The company proposed a dividend per share of 6.50 NUC, indicating confidence in its financial health.
  • There was a significant increase in fishmeal and fish oil prices, positively impacting earnings.
Negative
  • The company experienced a 21% decrease in volumes, with 528,000 tonnes in the quarter.
  • Salmon and whitefish segments saw a 10% decline in EBIT, mainly due to lower price achievements.
  • The Peruvian anchovy fishery faced challenges with high inclusion of undersized fish, leading to a temporary stop.
  • Higher fuel costs, attributed to geopolitical tensions, negatively impacted earnings.
  • Logistics costs increased, particularly affecting high-margin markets in Asia, which pressured margins.


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

AUSS.OL - Austevoll Seafood ASA
Q1 2026 Austevoll Seafood ASA Earnings Call
May 12, 2026 / 11:00AM GMT

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Presentation
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It's a pleasure for me to welcome you to Oysterwald Seafood's first quarter presentation.

I will start this presentation by giving the highlights of the quarter.

Thereafter, I will take you through the different segments and Ritkatrin and Drevenes will take you more in detail through the numbers and I will end this session by giving a view on the different markets we are operating in.

So, starting up, we have had a good first quarter with strong earnings, I would say, across the different segments.

When it comes to farming, we have a strong biological performance in the quarter.

We have increased the harvest volume with approximately. 2000 tons in the quarter, and we have also seen a
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