Austevoll Seafood ASA (FRA:Z85)
€ 7.875 -0.21 (-2.6%) Market Cap: 1.59 Bil Enterprise Value: 2.25 Bil PE Ratio: 10.72 PB Ratio: 1.20 GF Score: 87/100

Q2 2023 Austevoll Seafood ASA Earnings Call Transcript

Aug 23, 2023 / 12:00PM GMT
Release Date Price: €6.36 (-1.47%)
Arne Mogster
Austevoll Seafood ASA - CEO & President

It is a pleasure to welcome you all to Austevoll Second Quarter and First Half Year Financial Presentation. I will first start this presentation by giving you the highlights in the quarter and first half. Thereafter, I would go through the different segments we are operating within. Britt Kathrine Drivenes , our CFO, will take you through more in detail -- the numbers. And we will end this session by giving our view on the different markets we are operating within.

So starting up, we have had quite decent quarter. We have record revenue of approximately NOK 8.5 billion. The earnings is a bit down compared with the same quarter last year and has mainly to do with the -- that they didn't open a season in Peru which had a very successful season in second half last year. And this year, it has been almost no catch. I will come back to that later. But looking at our EBITDA, it's just sort of NOK 1.5 billion. Operational EBIT just sort of NOK 1 billion and a profit before tax and biomass adjustment of just below NOK 800 million. There is also

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