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

Q3 2023 Austevoll Seafood ASA Earnings Call Transcript

Nov 15, 2023 / 08:00AM GMT
Release Date Price: €6.26 (-6.15%)
Unidentified Company Representative

And it's a great pleasure for me to invite you to Austevoll Seafood third quarter presentation. I will first take you through the highlights through this quarter. Thereafter, I will go more in detail in the different segments we are operating within.

Britt Kathrine, our CFO, will take you through more in detail the figures for the quarter and also for the 3 first quarters so far and then I will end this presentation by -- give a short opinion on different markets we are operating within.

So starting up in the quarter compared with the same quarter last year, you can see that revenue is down by approximately NOK 500 million. And this is a consequence of that there were no season in Peru, which are taking our revenue down, and it also impact our earnings. Our operational EBITDA this quarter is down by approximately NOK 700 million and NOK 520 million of that is the difference between earnings in Peru, second quarter '22 compared with this quarter in '23. Also, salmon activity are delivering a weaker operational EBITDA, which I will also come back to later on

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