Brief: Grieg Seafood Expects Harvest Volumes Of 18,800 Tonnes In Q1

Grieg Seafood ASA

20/02/2025 07:48

Feb 20 (Reuters) - Grieg Seafood ASA  GSFG.OL :
    * SAID ON WEDNESDAY EXPECTS HARVEST VOLUMES OF 18,800 TONNES
IN Q1
2025
    * FOR 2025, EXPECTS HARVEST VOLUMES OF 84,000 TONNES
    * DEMAND FOR ATLANTIC SALMON IS EXPECTED TO REMAIN STRONG
    * POTENTIAL IMPOSITION OF TARIFFS ON GOODS EXPORTS INTO U.S.
ADDS
UNCERTAINTY, PARTICULARLY WITH REGARDS TO EXPORTS FROM
OPERATIONS IN CANADA
    * LAUNCHES TRANSFORMATION PROGRAM TO LAY FINANCIAL AND
ORGANIZATIONAL FOUNDATION FOR DEVELOPMENT OF ASSETS IN ROGALAND
AND FINNMARK
    * IN CANADA, CO IS LOWERING GROWTH AMBITIONS AND RELATED
CAPITAL
EXPENDITURE PLANS SIGNIFICANTLY IN NEWFOUNDLAND AND PUTS
STRATEGIC INVESTMENTS ON HOLD IN BRITISH COLUMBIA 
    * EXPECTS HARVESTING VOLUMES IN CANADA TO DECLINE BY AROUND
5% TO
22,000 TONNES IN 2025
    * RECOGNIZED IMPAIRMENT LOSSES IN EXCESS OF NOK 1.7 BILLION
TO
REFLECT CHANGES IN OPERATIONAL, INDUSTRY, ECONOMIC AND
REGULATORY CONDITIONS
    * CONSIDERS ISSUANCE OF HYBRID BOND, SALE-LEASEBACK OF
SMOLT/POST-SMOLT FACILITIES IN ADAMSELV IN FINNMARK
    * EXECUTED AND PLANNED TRANSACTIONS TO HAVE POSITIVE
LIQUIDITY
EFFECT OF ABOUT NOK 2.5 BLN (BEFORE FINANCING COSTS AND GREEN
BOND REPAYMENT IN JUNE 2025)

        
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