Brief: Austevoll Q2 EBITDA Down At NOK 827 Mln

Austevoll Seafood ASA

20/08/2020 06:10

Aug 20 (Reuters) - Austevoll Seafood ASA  AUSS.OL :
    * INTERIM REPORT Q2 AND FIRST HALF 2020
    * GROUP EBITDA IN Q2 2020 TOTALLED NOK 827 MILLION COMPARED
WITH
NOK 1,206 MILLION IN Q2 2019
    * GROUP OPERATING REVENUE IN Q2 2020 TOTALLED NOK 5,306
MILLION,
COMPARED WITH NOK 6,079 MILLION IN Q2 2019
    * RIPPLE EFFECTS OF COVID-19 CONTINUE TO HAVE A NEGATIVE
IMPACT ON
DEMAND FOR SEAFOOD
    * IN LINE WITH ITS PLANS, THE GROUP HAS REPORTED A POSITIVE
DEVELOPMENT IN HARVEST VOLUME IN THE FIRST HALF OF 2020
    * FROM 2020 ONWARDS, THIS INCREASE IN PRODUCTION WILL
GRADUALLY
RESULT IN HIGHER YEAR-ON-YEAR HARVEST VOLUMES OVER THE NEXT FOUR
TO FIVE YEARS
    * ESTIMATED HARVEST VOLUME FOR 2020, INCLUDING THE SHARE
FROM
ASSOCIATES, IS CURRENTLY 183,000-188,000 TONNES SALMON AND TROUT
    * BOARD OF DIRECTORS EXPECTS GOOD UNDERLYING GROWTH IN
DEMAND TO
CONTINUE IN THE YEARS AHEAD
    * THE PANDEMIC WILL HAVE A NOTABLY NEGATIVE IMPACT ON THE
WORLD
ECONOMY AND, AS A RESULT, THE GROUP’S PROFIT/LOSS THIS YEAR

Source text for Eikon:  ID:nObiJVBZ1a 
Further company coverage:  AUSS.OL 

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