Norwegian salmon farmers: disappointing second-half outlook

Austevoll Seafood ASA

21/08/2019 09:51

** Shares in Norwegian salmon farmers slump in morning trade
    ** Grieg Seafood  GSFO.OL  down 9.5%, Leroy Seafood Group
 LSG.OL  down 6.5%, Austevoll Seafood  AUSS.OL  down 6.5% and
Mowi  MOWI.OL  down 3.6% after reporting Q2 results, and Salmar
 SALM.OL  down 2.3% 
    ** An effective outlook cut by Leroy for the second-half
sets the tone
    ** Leroy said it expects second-half earnings to be
"slightly higher" than those for the second half  urn:newsml:reuters.com:*:nL5N25H0FX
    ** DNB Markets analysts say, however there have been market
expectations of "a significant improvement in the second half" 
    ** Grieg Seafood stock is set for its worst day since April
2011 after it reports it may sell its Isle of Skye fish farms
 urn:newsml:reuters.com:*:nL5N25H184
    ** Austevoll Seafood shares set for their worst day since
November 2017 after reporting lower core profit and forecasting
H2 earnings in line with H1  FWN25H006 
    ** Two members of the Stoxx 600 index  .STOXX , Mowi and
Salmar, are its bottom performers 

 ((tommyalexander.lund@thomsonreuters.com))