Brief: Austevoll Seafood Q1 Operating EBIT Up At NOK 1,249 Mln

Austevoll Seafood ASA

16/05/2023 06:40

May 16 (Reuters) - Austevoll Seafood ASA  AUSS.OL :
    * GROUP OPERATING REVENUE IN Q1 2023 TOTALLED NOK 8,002
MILLION,
COMPARED WITH NOK 6,565 MILLION IN Q1 2022, AN INCREASE OF 22%
    * GROWTH IN REVENUE COMES FROM FARMING COMPANIES AND IS
DRIVEN BY
STRONG PRICES AS WELL AS BY WEAK NORWEGIAN KRONE
    * OPERATING EBIT IN Q1 2023 WAS NOK 1,249 MILLION, AGAINST
NOK
1,132 MILLION IN Q1 2022
    * INFLATION OVER PAST YEAR MEANS HIGHER PRICES FOR GROUP'S
PRODUCTS BUT ALSO FOR VIRTUALLY ALL INPUT FACTORS, IMPACTING
COSTS
    * OPERATING EBIT MARGIN FOR Q1 2023 WAS 16%, COMPARED WITH
17% IN
Q1 2022
    * GROWTH IN EARNINGS COMES FROM FARMING COMPANIES AS WELL AS
JOINT
VENTURES AND ASSOCIATES
    * AFFECTED BY CHALLENGING BIOLOGICAL SITUATION IN SECOND
HALF OF
2022

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

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