Norway's Austevoll Seafood Q4 revenue beats on higher prices

Austevoll Seafood ASA

24/02/2026 06:11

Overview

Norway seafood group's Q4 revenue rose 3% yr/yr, beating analyst expectations

Adjusted EBITDA for Q4 remained stable compared to last year

Net income for Q4 fell significantly due to biological challenges and new tax

Outlook

Company did not provide specific guidance for future quarters or full year

Result Drivers

WILD CATCH PRICES - Revenue growth was driven by higher prices in Wild Catch and increased activity in VAP S&D

BIOLOGICAL CHALLENGES - Scottish Sea Farms faced biological challenges, including Amoebic Gill Disease, reducing harvest and affecting costs and prices

PELAGIA EARNINGS - Pelagia's earnings were weaker due to lower fish oil prices and reduced raw material volumes in the FOOD division

Company press release: ID:nObiSZkS5a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
NOK 9.41 bln
NOK 8.73 bln (7 Analysts)
Q4 Net Income
NOK 248 mln
Q4 Adjusted EBITDA
NOK 1.39 bln
Q4 Adjusted EBIT
NOK 769 mln
Q4 EBIT
NOK 871 mln
Q4 Pretax Profit
NOK 672 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 NOK101.00, about 8.1% above its February 23 closing price of NOK93.40

The stock recently traded at 9 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.)