Leroy Seafood Group ASA (OSL:LSG)
kr 51.05 0.05 (0.1%) Market Cap: 30.40 Bil Enterprise Value: 38.59 Bil PE Ratio: 18.84 PB Ratio: 1.65 GF Score: 93/100

Q1 2023 Leroy Seafood Group ASA Earnings Call Transcript

May 16, 2023 / 06:00AM GMT
Release Date Price: kr51.85 (-5.38%)
Henning KolbjÃ;rn Beltestad;y Seafood Group ASA;Group CEO
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Welcome to the first quarter presentation of Lerøy Seafood Group 2023. My name is Henning Beltestad. I'm the CEO of Lerøy Seafood Group. And with me today, I have CFO, Sjur Malm. First of all, I want to start with our fully integrated value chain. And our goal is to create the world's most efficient and sustainable value chain for seafood.

We have higher ambitions and some of them are we want to -- we have a goal of having more than NOK 50 billion in turnover in 2030, being the #1 Farming, VAP, Sales & Distribution company. And we have a target of achieving NOK 1.25 billion in EBIT for VAP, Sales & distribution in 2025; reducing the total GHG emission by 2030 by 46%; achieving a Wild Catch EBIT of more than NOK 500 million; and total Farming volume in 2025 of 205,000 tonnes in Norway.

First of all, we start with the highlights of the quarter. And it's been a quarter with record revenue, up by 26%. We have an operational EBIT of NOK 26.60 per kilo, all-inclusive.

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