Lerøy Seafood Group Optimistic Despite Challenges
Company Announcements

Lerøy Seafood Group Optimistic Despite Challenges

Leroy Seafood Group ASA (GB:0GM2) has released an update.

Lerøy Seafood Group ASA reported a solid operational EBIT of NOK 906 million for Q2 2024, despite lower salmon prices, driven by improved biological performance and innovative submerged cage technology. The VAP S&D segment saw continued positive development with an operational EBIT of NOK 217 million, while the Wildcatch segment faced challenges with a significant decrease in earnings due to reduced quotas. The company remains optimistic about long-term prospects, focusing on operational improvements and sustainability to meet its 2025 goals.

For further insights into GB:0GM2 stock, check out TipRanks’ Stock Analysis page.

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