Grieg Seafood ASA (GRGSF) has released an update.
Grieg Seafood ASA faced a challenging Q2 in 2024, reporting an operational EBIT of negative NOK 35 million, a stark contrast to the NOK 547 million of the previous year, with a harvest volume decrease to 15,272 tonnes. Biological events in British Columbia severely impacted results, with low oxygen levels causing high mortality rates, and despite the completion of Spiro-affected generation harvest in Finnmark, the region still expects reduced costs ahead. The company is advancing with its strategic investments, including the construction of post-smolt facilities, and maintains an outlook for a robust market due to strong demand for healthy and sustainably produced proteins.
For further insights into GRGSF stock, check out TipRanks’ Stock Analysis page.
