Norway's Nordic Halibut Q1 sales volume rises 10%

Nordic Halibut AS

14/04/2026 07:10

Overview

Norway halibut farmer's Q1 sales volume rose 10% yr/yr, while average price per kg fell

Q1 revenue reached NOK 47.7 mln on 251 tonnes sold

Company says Tingvoll facility construction on track to support scale-up strategy

Outlook

Company reiterates production target of 10,350 tonnes HOG by 2031

Tingvoll facility expected to be fully operational by 2027 to support scale-up strategy

Result Drivers

HIGHER SALES VOLUME - Q1 sales volume rose 10% yr/yr to 251 tonnes

LOWER AVERAGE PRICE - Average sales price fell to NOK 188/kg from NOK 193/kg in Q1 2025

INCREASED HARVEST WEIGHT - Average harvest weight rose to 6.6 kg from 5.6 kg in Q1 2025

Company press release: ID:nObi5Vfswa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
NOK 47.7 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

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 41.5% above its April 13 closing price of NOK21.20

The stock recently traded at 49 times the next 12-month earnings vs. a P/E of 26 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.)