Brief: Austevoll Seafood Says Earnings, Revenue Impacted By Cancellation Of First Fishing Season In Peru

Austevoll Seafood ASA

15/11/2023 06:16

Nov 15 (Reuters) - Austevoll Seafood ASA  AUSS.OL :
    * DECREASE IN REVENUE IS MAINLY BECAUSE FIRST FISHING SEASON
IN
PERU WAS CANCELLED AFTER JUST A FEW DAYS' TRIAL FISHERIES
    * FARMING COMPANIES HAVE SEEN AN INCREASE IN REVENUE FROM Q3
2022
TO Q3 2023, BUT THIS HAS NOT COMPENSATED FOR DECLINE IN REVENUE
FROM OPERATIONS IN PERU
    * FALL IN OPERATING EBIT IS ESSENTIALLY A DIRECT CONSEQUENCE
OF
CANCELLATION OF FIRST FISHING SEASON IN PERU
    * ON TOP OF THIS, PRICES FOR PRACTICALLY ALL INPUT FACTORS
HAVE
RISEN
    * ESTIMATED IMPLEMENTATION EFFECT FOR THE RESOURCE RENT TAX
EXPENSE IS NOK 1,765 MILLION
    * PRODUCTION OF ATLANTIC SALMON IN 2023 HAS BEEN LOWER THAN
EXPECTED, WHICH WILL ALSO IMPACT HARVEST VOLUME IN  2024
    * COMPANY’S GOAL IS TO USE PROTECTIVE TECHNOLOGY FOR AROUND
20% OF
THE SALMON BY THE END OF THE FIRST QUARTER OF  2024
    * FOR 2024, LSG CURRENTLY PROJECTS A HARVEST VOLUME OF
193,500
TONNES INCLUDING JOINT VENTURES

Source text for Eikon:  ID:nObi1zGZ7a 
Further company coverage:  AUSS.OL 

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