Q3 2025 Leroy Seafood Group ASA Earnings Call (Norwegian) Transcript
Key Points
- Leroy Seafood Group ASA (LYSFF) reported record earnings in the bob sales and distribution segments, driven by strong demand and strategic customer relationships.
- The company achieved a significant reduction in net interest-bearing debt, decreasing from 8.5 billion to 8.1 billion.
- Positive working capital development was noted, contributing to healthy cash flow generation despite high capital expenditures.
- The company has seen a strong biological development in certain regions, with high survival rates and improved license utilization.
- Structural improvements in the sales and distribution segment have led to a record 12-month rolling operational performance, with an EBIT margin close to 5%.
- The quarter experienced low profitability due to low spot prices for salmon and trout, negatively impacting operational EBIT.
- Costs in the farming segment increased quarter on quarter, reversing a trend of four consecutive quarters of cost reduction.
- High sea water temperatures and sea lice pressure posed challenges, affecting biological performance and harvest timing.
- The wild catch segment faced a 32% reduction in quotas year-on-year, impacting catch volumes for the trawling fleet.
- Operational EBIT in the wild catch segment was only 50 million, reflecting challenging operational conditions despite positive price developments.
Welcome to Larry Seafood Group's, third quarter presentation of 2025. My name is Annie Belsa. I'm the CEO in Le Seafood Group, and with me today I have Schal, CFO.
First of all, I will take you through the highlights of the quarter and then Schumann will take you through the key financial highlights, and then I will come back and talk about the outlook.
First of all, we, I want to share this slide and, which I always do on my quarterly presentation, or is our fantastic value chain.
Our goal is to create the world's most efficient and sustainable value chain for seafood.
We believe that our value chain is providing what our customers are seeking, and we really see that our development in markets together with strategic customers is developing in the right direction.
Highlights of the quarter. It's been a quarter with low profitability on low spot prices for salmon and trout. It's been a challenging quarter in farming, but yet to date development remains strong.
Record earnings in
| 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... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
