Brief: Austevoll Seafood Q1 EBIDTA Up At NOK 1.20 Bln

Austevoll Seafood ASA

14/05/2020 06:13

May 14 (Reuters) - Austevoll Seafood ASA  AUSS.OL :
    * FINANCIAL REPORT Q1 2020
    * OPERATING REVENUE IN Q1 2020 TOTALLED NOK 5,856 MILLION, COMPARED WITH NOK 5,563 MILLION
IN Q1
2019
    * GROUP EBIDTA IN Q1 2020 TOTALLED NOK 1,200 MILLION COMPARED WITH NOK 1,157 MILLION IN Q1
2019.
    * ON CORONAVIRUS: VARIOUS RESTRICTIONS IMPLEMENTED BOTH IN NORWAY AND INTERNATIONALLY IN
WAKE OF
COVID-19 OUTBREAK HAVE AFFECTED MARKET FOR SALMON AND TROUT
    * AT END OF Q1 2020, SPOT PRICE FOR SALMON, MEASURED ACCORDING TO NSI (SALES PRICE FCA
OSLO), WAS
SUBSTANTIALLY LOWER THAN AT START OF YEAR.
    * HIGHER HARVEST VOLUME FOR ATLANTIC SALMON AND TROUT WHEN COMPARED WITH Q1 2019
    * SPOT PRICE FOR SALMON IMPACTED BY COVID-19 OUTBREAK
    * LOWER SPOT PRICE FOR SALMON HAD A SIGNIFICANTLY NEGATIVE IMPACT ON FAIR VALUE ADJUSTMENT
RELATED
TO BIOLOGICAL ASSETS AT END OF QUARTER

Source text for Eikon:  ID:nObiYM0KVa 
Further company coverage:  AUSS.OL 

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