Norway's Austevoll Seafood Q1 revenue misses on lower harvest volumes

Austevoll Seafood ASA

12/05/2026 06:07

Overview

Norway seafood group's Q1 revenue was flat yr/yr and missed analyst expectations

Adjusted EBITDA and adjusted EBIT rose slightly from Q1 2025

Lower harvest volumes and biological challenges at Scottish Sea Farms weighed on results

Outlook

Company did not provide specific guidance or outlook for future periods

Result Drivers

LOWER HARVEST VOLUMES - Scottish Sea Farms saw a 36% drop in harvested volume, increasing unit costs and weighing on results

BIOLOGICAL CHALLENGES - High release from stock costs following biological challenges in 2025 affected results

STABLE PELAGIA INCOME - Income from Pelagia was in line with the same quarter last year

Company press release: ID:nObikXN8Ba

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
NOK 9.81 bln
NOK 10.31 bln (5 Analysts)
Q1 Net Income
NOK 644 mln
Q1 Adjusted EBITDA
NOK 1.99 bln
Q1 Adjusted EBIT
NOK 1.40 bln
Q1 EBIT
NOK 1.05 bln
Q1 Pretax Profit
NOK 814 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the food processing peer group is "buy"

Wall Street's median 12-month price target for Austevoll Seafood ASA is NOK107.00, about 19.8% above its May 11 closing price of NOK89.30

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)