Norway's Lerøy Seafood posts Q4 operational EBIT of NOK 758 mln

Leroy Seafood ASA

24/02/2026 05:39

Overview

Norway seafood company's Q4 operational EBIT reached NOK 758 mln, reflecting solid operations

Farming segment saw improved salmon prices and better-than-expected biological performance

VAP S&D segment achieved ambitious earnings target with 15% EBIT increase yr/yr

Outlook

Lerøy expects lower cost per produced kilo in farming for 2026

Harvest volume guidance in Norway remains unchanged at 195,000 GWT

Total volume, including Scottish Sea Farms, expected at 216,500 GWT in 2026

Result Drivers

SALMON PRICES - Improved prices for salmon and trout towards the end of Q4 contributed to better results in the farming segment

VAP S&D PERFORMANCE - The VAP S&D segment achieved a 15% increase in operational EBIT, meeting the ambitious target set in 2022

WILD CATCH CHALLENGES - Lower catch volumes and high raw material prices led to a negative EBIT in the wild catch segment

Company press release: ID:nGNE8xshRJ

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Adjusted EBIT
NOK 758 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 8 "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 Leroy Seafood Group ASA is NOK52.00, about 8.2% above its February 23 closing price of NOK48.04

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 12 three months ago

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(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.)