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News

Lerøy reports 44% rise in operating profits for Q3

The Lerøy Seafood Group, which issued 339 redundancy notices last week, today announced a 44% increase in third quarter operating profits to NOK 831m (£70m). The figure for operating profits […] Continue Reading

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Lerøy lays off 339 staff, blaming salmon tax

Lerøy Seafood Group is to shed more than 300 processing staff in Norway, placing the blame on the country’s proposed ground rent tax. Redundancy notices have been sent out to […] Continue Reading

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Pressure mounts over Norway’s new fish farm tax

Norway’s largest salmon companies are continuing to pile pressure on government proposals to impose a new 40% land tax on the industry. They include the country’s largest business, Mowi, which […] Continue Reading

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Lerøy aims for NOK 50bn turnover target by 2030

Lerøy Seafood Group aims to achieve a turnover of NOK 50 billion (£4.3bn) by the end of the decade. The ambitious goal was set out at the opening of the […] Continue Reading

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Lerøy hires Seafood Norway’s Valland as PR chief

Lerøy Seafood Group has hired Aina Valland as Communications Manager, with a brief to build up a new department for external communications, community and government contacts in the company. She […] Continue Reading

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Lerøy hit by winter sores and weak prices

The Lerøy Seafood Group today reported 2021 first quarter revenues of NOK 4,925m (£420m) , down from NOK 5,305m (453m) last year. The main factors behind the drop were lower […] Continue Reading

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Lerøy Seafood harvest volumes up 7% in Q1

The Lerøy Seafood Group announced today that its harvest volumes increased by 7% during the first three months of this year. The upbeat message was delivered in a trading update. The […] Continue Reading

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Lerøy Seafood set to invest in land-based salmon farming

Lerøy Seafood is planning to move into land based salmon farming. The company published its financial results for the final quarter of 2020, showing that operating profits fell from NOK […] Continue Reading

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Lerøy Seafood Group sees revenue, profits fall for Q3

Lerøy Seafood Group, co-owner of Scottish Sea Farms, today posted a fall in third quarter revenue of NOK 329 million (£27.5 million). Salmon was not the problem, however. The company […] Continue Reading

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