Lerøy Seafood Group ASA: Trading update Q3 2023

Harvest volumes for Q3 2023 compared with Q3 2020:

Harvest volumes salmon and trout (1,000 GWT) Q3 2023 Q3 2020 YTD 2023 YTD 2020
Lerøy Aurora 15,7 7,9 29,8 20,2
Lerøy Midt 22,9 22,0 54,3 52,3
Lerøy Sjøtroll 17,8 14,3 51,1 50,0
Total 56,4 44,2 135,3 122,5
of which volume trout 8,4 7,5 17,1 20,8
         
Catch volume Havfisk (1,000 tonnes) Q3 2023 Q3 2020 YTD 2023 YTD 2020
Total volume 12,3 11,1 54,4 55,8
of which volume cod 3,4 1,7 17,7 16,6

As previously communicated the release from stock cost is expected to be lower in second half 2023 compared to first half 2023. Due to changes in the harvest plan, the release from stock cost for Lerøy Sjøtroll and Lerøy Aurora in Q3 2023 will be higher than expected as of publication of the Q2 2023 report. Expected harvest volume for 2023 is not changed.

The complete Q3 2023 report will be released on 11 November 2023 at 06:30 CET.

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

About Lerøy Seafood Group ASA

Lerøy Seafood Group ASA is a global seafood corporation with its head office in Bergen. The Group’s approx. 5,000 employees handles between 350,000 and 400,000 tonnes of seafood every year through our value chain, corresponding to around 5 million meals every day. The Group has a vertically integrated value chain for redfish and whitefish, and significant activities using third-party products.

The Group’s values – open, honest, responsible and creative – shall represent the very foundations of everything we do, and we work hard to achieve our goal of creating the world’s most efficient and sustainable value chain for seafood. The target for return on capital employed (ROCE) is 18% p.a.. The Group has set a number of targets within sustainability, including cutting greenhouse gas emissions by 46% by 2030.

Ler y Seafood Group ASA