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Leroy Seafood : Årsrapport 2023 - MarketScreener

Annual Report 2023

Norwegian seafood pioneer since 1899

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Leroy Seafood Group strengthens downstream presence with Danish acquisition, new factories

Leroy Seafood Group strengthens downstream presence with Danish acquisition, new factories
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Lower prices hit Lerøy's year-start earnings as pandemic continues to take its toll

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Lerøy Seafood Group ASA (LSG) saw its first-quarter 2021 revenues fall 7 percent year-on-year to NOK 4.9 billion (USD 587.7 million, EUR 482.2 million) and its operating profit before fair value adjustments drop by 44 percent to NOK 455 million (USD 54.6 million, EUR 44.8 million).
Explaining the drop in revenues, the Bergen, Norway-based seafood corporation said the global COVID-19 pandemic is having a negative impact on demand and has resulted in lower prices for both salmon and whitefish. Lerøy Seafood CEO Henning Beltestad said the trend seen in 2020, with a higher share of seafood sold through the retail channel, has continued in 2021. Also, while the price realization in the quarter is below the corresponding period of last year, Lerøy’s view is that the underlying demand for seafood is strong, he said. ....

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