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News

Q1 unsatisfactory despite higher profits, says Lerøy chief

Despite delivering higher profits during the first quarter of 2023, Lerøy CEO Henning Beltestad believes the results should have been better. He said: “We are not satisfied with the results in […] Continue Reading

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Lerøy cancels top level meeting after email mix-up

Lerøy Seafood CEO Henning Beltestad has cancelled a second meeting with Norway’s Finance Minister Trygve Vedum on the salmon ground rent tax controversy. It now appears that an e-mail address […] Continue Reading

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Salmon price fixing dispute draws to a close in US

A long-running dispute in the United States over allegations of price fixing by some of Norway’s largest salmon companies appears to have reached a conclusion. Reports from the US suggest […] 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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Q2 harvests down for SalMar and Lerøy

SalMar and Lerøy Seafood have become the latest large salmon farmers to report lower second quarter harvests. In an Oslo stock exchange announcement yesterday, SalMar registered a total output for […] Continue Reading

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Lerøy profits up, but CEO warns of rising costs

Lerøy Seafood today became the latest fish farming business to report near double first quarter operating profits on the back of rising salmon prices. The group, which has a half share […] Continue Reading

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Competition body clears takeover of Grieg’s UK assets

The UK’s Competition and Markets Authority (CMA) has cleared Scottish Sea Farms’ bid to acquire Grieg Seafood Hjaltland UK, paving the way for the takeover of Grieg’s Scottish assets. In […] Continue Reading

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Mowi tops sustainable producer list for third year

Mowi has been ranked the most sustainable animal protein producer for the third year in a row by the Coller FAIRR Protein Producer Index. The report, now in its fourth […] Continue Reading

News

Lerøy reports big rise in earnings and profits

Lerøy Seafood, the combined fish farming, processing and conventional trawling group, today reported appreciably higher third quarter earnings and operating profits. Revenue rose from NOK 4,773bn (£415m) last year  to […] Continue Reading

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