Brief: Austevoll Seafood Q1 EBITDA Up At NOK 1,444 Mln

Austevoll Seafood ASA

13/05/2022 06:14

May 13 (Reuters) - Austevoll Seafood ASA  AUSS.OL :
    * FINANCIAL REPORT Q1 2022
    * Q1 EBITDA NOK 1,444 MILLION VERSUS NOK 1,095 MILLION YEAR
AGO
    * Q1 OPERATING REVENUE NOK 6,565 MILLION VERSUS NOK 5,953
MILLION
YEAR AGO
    * 2022 SALMON OUTLOOK: HARVEST VOLUME INCL. ASSOCIATES OF
AROUND 
208,000 GWT VERSUS PREVIOUS VIEW ABOUT 208,000 GWT
    * 2022 WHITEFISH OUTLOOK: INCREASED PRICES POSITIVE FOR THE
FLEET
OPERATION
    * 2022 WHITEFISH OUTLOOK: QUOTAS FOR COD -18%, HADDOCK -20%,
SAITHE NORTH OF 62 DEGREES +3%
    * 2022 WHITEFISH OUTLOOK: HIGH RAW MATERIAL PRICES ARE
CHALLENGING
FOR THE ONSHORE PROCESSING ACTIVITY
    * START OF 2022 HAS BEEN AFFECTED BY SIGNIFICANT PRICE
INCREASES
FOR THE GROUP’S MAIN PRODUCTS BUT ALSO FOR VIRTUALLY ALL ITS
INPUT FACTORS
    * CONTINUED INFLATIONARY PRESSURE AND INCREASED
UNCERTAINTIES IN
GLOBAL POLITICS MAKE IT MORE DIFFICULT THAN NORMAL TO ASSESS
FUTURE OUTLOOK
    * UNCERTAINTY CONCERNING FUTURE COST LEVELS FOR THE GROUP'S
INPUT
FACTORS IS HIGH, BUT THE GROUP CURRENTLY EXPECTS, FOR EXAMPLE,
FEED PRICES TO CONTINUE TO INCREASE IN THE COMING QUARTERS
    * THE SO-CALLED FORWARD PRICES HAVE SEEN A SUBSTANTIAL
INCREASE AT
THE START OF 2022 AS A WHOLE, INCLUDING FOR THE SECOND HALF OF
2022
    * Q1 : STRONG DEVELOPMENT IN PRICES GENERATES INCREASED
PROFIT FOR
ATLANTIC SALMON AND TROUT SEGMENT; LOWER HARVEST VOLUME FOR
ATLANTIC SALMON AND TROUT WHEN COMPARED WITH Q1 2021
    * Q1 : SEASONALLY HIGH LEVEL OF ACTIVITY WITHIN PELAGIC
SEGMENT IN
THE NORTH ATLANTIC AND CHILE
    * Q1 : SEASONALLY LOW LEVEL OF ACTIVITY WITHIN PELAGIC
SEGMENT IN
PERU; THE QUOTA FOR THE SECOND SEASON IN 2021 HAD MOSTLY BEEN
CAUGHT BY THE END OF 2021
    * IN MAY 2022, THE SPOT PRICE FOR SALMON IS AT AN HISTORIC
HIGH,
PARTLY DUE TO GOOD DEMAND BUT ALSO THE SMALL VOLUME AVAILABLE ON
THE SPOT MARKET. LSG’S HARVEST PROFILE IN 2022 IMPLIES A HIGH
CONTRACT SHARE AGAIN IN THE SECOND QUARTER

Source text for Eikon:  ID:nObitK7m6a 
Further company coverage:  AUSS.OL 

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