Q1 2022 Leroy Seafood Group ASA Earnings Call Transcript
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Good morning, and welcome to first quarter presentation of Lerøy Seafood Group. My name is Henning Beltestad, CEO in Lerøy, and with me today, I have Sjur Malm, CFO.
First of all, I will start with our unique value chain, a fully integrated company in both redfish and whitefish. Our goal is to create the world's most efficient and sustainable value chain for seafood.
First of all, I will go through the highlights in the quarter, and then Sjur take us through the key financial figures. And then I will come back, talk a little bit about supply and demand and the outlook for Lerøy and the market in general. So highlights in the quarter.
We have had a quarter with extremely strong prices, both for our products, but also we see an increased price of raw material and input cost in our value chain. In this quarter, it's been challenging for our downstream activities due to extremely high prices. We achieved EBIT of NOK 852 million compared to NOK 455 million in the
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