Posts Tagged ‘Leroy Seafood Group’
Lerøy Seafood invests in US biotech company
The Lerøy Seafood Group has announced a strategic investment in the US biotech company Salmonics.
The terms of the investment remain undisclosed, but the announcement said it will support Salmonics’ continued growth and cutting edge biotechnology, which uses fish blood to create healthcare products.
Read MoreTurning a corner
As Vince McDonagh reports, Lerøy Seafood Group says it is finding solutions for the many challenges that beset the business last year.
Read MoreLerøy beats expectations with Q1 numbers
Despite a series of challenges this winter, the Lerøy Seafood Group has announced better than expected 2024 first quarter results. Lerøy, which also owns one of Norway’s largest white fish trawler fleets, produced an operational EBIT or operational profit of NOK 842 million (£62m).
Read MoreLerøy hit by new fish escape
Up to 5,000 mature salmon are feared to have escaped from a Lerøy facility in central Norway in the past few days. Lerøy Midt says it has informed the authorities of the incident, which is thought to have taken place on Tuesday of this week. Harald Larsen, general manager of Lerøy Midt, said the company has quickly…
Read MoreLerøy in positive mood despite a challenging year
Despite a number of biological challenges, the Lerøy Seafood group delivered better than expected 2023 fourth quarter results, with only a slight dip in profitability. Although lower than a year earlier, the group, which is part owner of Scottish Sea Farms, produced an operational EBIT (operating profit) for Q4, before biomass adjustments, of NOK 765m…
Read MoreLerøy farm saved from huge ice floe
Lerøy Seafood avoided a serious loss at the weekend after a large ice floe threatened one of its fish farming facilities in the Troms and Finnmark region. The floe measured more than 3,000 square metres and was bearing down on the site at Lyngenfjorden before the coastguard ship Bison was brought in to rescue the…
Read MoreLerøy 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 said the most significant factor behind the lower earnings was pressure on the whitefish market resulting from the Covid-19 pandemic, and the change in catch…
Read MoreAlgae outbreak hits Lerøy Q2 results
THE Lerøy Seafood Group, co-owners of Scottish Sea Farms, today announced higher earnings, but lower profits for the 2019 second quarter period . Revenues were up six per cent and totalled NOK 5,340 million, compared to NOK 5,042 million for the same period in 2018. Operating profit (EBIT) before fair value adjustment related to biological assets came out at NOK 774 million,…
Read MoreInvestors urged to back thriving Lerøy Seafood
INVESTORS are being urged by a leading global financial advice organisation to ‘run towards’ the Lerøy Seafood Group (LSG) , the big Norwegian salmon farming and fishing company. The advice, from financial technology company Simply Wall St, described Lerøy, which owns a half share in Scottish Sea Farms, as a business whose year on year…
Read MoreLerøy posts strong Q4 results
THE Lerøy Seafood Group today posted substantially higher earnings and profits for the final quarter of 2018. The group, which owns a half share in Scottish Sea Farms, announced that Q4 revenues rose by NOK 773,000 to NOK 5,340 million. Harvest total was up by 17 per cent 49,000 tonnes gutted weight of salmon and…
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