Norway's Nordic Halibut Q2 revenue falls on lower sales volume

Nordic Halibut AS

09/07/2026 12:12

Overview
Norway halibut farmer's Q2 revenue was NOK 30 mln, down on lower sales volume
Average sales price per kg held steady yr/yr at NOK 170
Company completed acquisitions to secure full control of harvesting and processing operations

Outlook
Company aims for annual production of 10,350 tonnes by 2031
Construction of Tingvoll facility ongoing, with first section scheduled to receive fish in July 2026
Company says acquisitions strengthen value chain and support future growth

Result Drivers
LOWER SALES VOLUME - Q2 sales revenue declined due to lower sales and harvest volumes compared to Q2 2025
STEADY PRICING - Average sales price per kg was unchanged from the previous year at NOK 170/kg
STRATEGIC ACQUISITIONS - Co completed acquisitions to secure full control of harvesting and processing operations and add production capacity

Company press release: ID:nObiqMQn5a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
NOK 30 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 22% above its July 8 closing price of NOK24.60

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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.)