Norway's Nordic Halibut posts Q1 loss as prices drop; higher volume helps revenue
Norway's Nordic Halibut posts Q1 loss as prices drop; higher volume helps revenue
Overview
Norway fish farming company's Q1 revenue grew 8% yr/yr, supported by higher harvest volumes
Company posted negative EBITDA and net loss for Q1
Average sales price declined compared to Q1 2025
Outlook
Company did not provide specific guidance or outlook for future quarters or full year
Result Drivers
HIGHER HARVEST VOLUMES - Q1 harvest volumes rose 18% yr/yr, supporting revenue growth
LOWER SALES PRICE - Average sales price fell to 188 NOK/kg from 193 NOK/kg in Q1 2025
Company press release: ID:nObiRR2swa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Total Revenue |
| NOK 47.7 mln |
|
Q1 EBITDA |
| -NOK 6 mln |
|
Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the fishing & farming peer group is "buy"
Wall Street's median 12-month price target for Nordic Halibut AS is NOK30.00, about 26.1% above its May 27 closing price of NOK23.80
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.)
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