Leroy Seafood Group ASA (OTCPK:LYSFF)
$ 4.25 0 (0%) Market Cap: 2.76 Bil Enterprise Value: 3.52 Bil PE Ratio: 18.84 PB Ratio: 1.65 GF Score: 87/100

Q4 2023 Leroy Seafood Group ASA Earnings Call Transcript

Feb 28, 2024 / NTS GMT
Release Date Price: $4.1
Henning Beltestad
Leroy Seafood Group ASA - CEO

Welcome to Leroy Seafood Group's Fourth Quarter Presentation of 2023. My name is Henning Beltestad, I am CEO (inaudible) Group. And with me today, I have Sjur Malm, which is CFO. First of all, like always, I start with our fantastic and unique valuation. Our goal is to create the world's most efficient and sustainable value, say, [chain] for seafood. We control everything from a row and all the way to consumer product in the shops and all the way from our own trollers, all the way to shops.

And we believe that this is unique position for us as a sea food company to control the seafood value chain that we have built and invested for in the last 20 years. Then Q4, it's been a pretty good quarter. EBIT of NOK765 million. For the first time in our history, we exceeded NOK30 billion. It's been a year, where we have made progress towards 2025 and strategic targets. We see a good biological development into 2024.

So, a good start of the year. And we have seen last year and especially in Q4, a significant improvement in earnings from both sales and

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