Austevoll Seafood Q2 revenue misses estimates on lower salmon volumes

Austevoll Seafood ASA

19/08/2026 06:10

Overview
Norway seafood producer's Q2 revenue declined and missed analyst expectations
Adjusted EBITDA and EBIT both fell yr/yr due to lower salmon volumes and trout prices
Net loss for Q2 driven by non-cash fair value adjustments of biological assets

Outlook
Company did not provide specific guidance or outlook for future quarters or the full year

Result Drivers
SALMON AND TROUT - Lower volume of salmon slaughtered and weaker price realisation for trout contributed to revenue and earnings decline
PERU FISHING SUSPENSION - Suspension of Peru's first fishing season and partial quota harvest significantly impacted Austral Group's revenue and earnings
FAIR VALUE ADJUSTMENTS - Non-cash fair value adjustments of biological assets drove net loss

Company press release: ID:nObi3VLrba

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
NOK 8.68 bln
NOK 9.50 bln (6 Analysts)
Q2 Net Loss
 
NOK 254 mln
 
Q2 Adjusted EBITDA
 
NOK 1.16 bln
 
Q2 Adjusted EBIT
 
NOK 572 mln
 
Q2 EBIT
 
-NOK 484 mln
 
Q2 Pretax Loss
 
NOK 623 mln
 

Reuters Recommended Reads
Aug 19 - Norway's Lerøy Seafood Q2 EBIT falls on lower harvest volumes
Aug 18 - Norway's Mowi Q2 revenue rises on higher harvest volumes
Aug 18 - Norway's Gigante Salmon Q2 hit by by ramp-up issues; warns on harvest volume

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)