Lerøy Seafood Group ASA: Record revenue in 2023. Progress towards targets for 2025.
27 Febrero 2024 - 11:30PM
Lerøy Seafood Group ASA: Record revenue in 2023. Progress towards
targets for 2025.
RECORD REVENUE IN 2023. MAKING PROGRESS TOWARDS 2025 TARGETS
2023 marks the first year in Lerøy's history where revenue
exceeds NOK 30 billion. Seafood's position among consumers remains
strong.
We continue to vigorously work towards developing the most
efficient and sustainable value chain for seafood. I am proud of
the work our employees do, while acknowledging that the past year
has been challenging," says CEO Henning Beltestad.
FOURTH QUARTER 2023 DEVELOPMENT
In the fourth quarter of 2023, Lerøy delivered an operating
profit before biomass adjustments of NOK 765 million.
In Farming, we experienced challenges related to string
jellyfish and lost feeding days in Lerøy Aurora and accelerated
harvest in Lerøy Sjøtroll. In Wild Catch, earnings were
approximately the same as the same period the year before. In the
VAP S&D segment, there is positive development as previously
communicated, as product prices has increased, reflecting the
increased raw material costs, and we have gradually succeeded in
operational improvements.
The board of Lerøy proposes a dividend of NOK 2.5 per share for
2023. The proposal will be addressed at the ordinary general
meeting on May 28, 2024.
STRONG FOCUS ON BETTER FISH WELFARE
Lerøy is diligently working towards strategic goals for 2025. In
2024, we expect progress in our biological performance in Farming
and movement towards our goal of 205,000 harvest volumes in Norway
by 2025. Key measures to achieve this include improved smolt
quality and the use of new technology.
We are still in the early stages. So far, we have had a good
experience with the use of submerged cages, with zero lice
treatments and high survival rates, and we are also well underway
with the introduction of various types of shielding technology.
Currently, the plan is for approximately one-third of our salmon to
be shielded with new technology by the end of 2024," Beltestad
continues.
In VAP S&D, we expect further improvements in results in
2024. We see clear signs of improved profitability, driven by
better capacity utilization and good development in several of our
key markets globally. The goal of an operational operating profit
from this segment of NOK 1.25 billion is challenging but
achievable," Beltestad continues.
I would like to take this opportunity to thank all our employees
for their significant efforts in 2023. We see great opportunities
to further develop Lerøy's business into the most efficient and
sustainable value chain for seafood," concludes Henning
Beltestad.
For inquiries, please contact CEO Henning Beltestad or CFO Sjur
S. Malm.
ABOUT LERØY SEAFOOD GROUP
Lerøy Seafood Group is a global seafood group headquartered in
Bergen. The company's approximately 6,000 employees annually handle
between 350,000 and 400,000 tons of seafood through the
company's value chain, equivalent to about 5 million meals every
day. The group has a vertically integrated value chain
for redfish and whitefish, as well as significant
third-party product activity.The Group's values, "open, honest,
responsible, and creative," are the basis for the Group's total
activities, and efforts are made towards the goal of creating the
world's most efficient and sustainable seafood value chain. The
target for annual return on capital employed (ROCE) is 18%. The
group has set ambitious sustainability goals, including a 46%
reduction in greenhouse gas emissions by2030.To ensure food safety
for the consumer, we actively work in all stages of the value
chain. As a fully integrated seafood supplier, we have the
opportunity to control and quality-assure our products throughout
the entire value chain. This way, we can meet the seafood market's
increasingly stringent requirements for traceability, food safety,
product quality, cost-effectiveness, sustainability,and continuous
delivery.
- LSG Q4 23 report
- LSG Q4 23 presentation
Leroy Seafood (TG:Z1L)
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Leroy Seafood (TG:Z1L)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024