Lerøy will release its Q2/20 results on Thursday 20 August. We now expect an EBIT of NOK 414m (418) for the quarter vs consensus at NOK 336m. We still advise investors to look beyond the next two quarters, as we see 2021 as a transformational year for the company. The recent years’ smolt investments should trigger volume growth and operational improvements not factored into the current valuation. We stick to our Buy rating and our NOK 65 TP.
10 Aug 2020
Continue to focus on 2021
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Continue to focus on 2021
Lerøy will release its Q2/20 results on Thursday 20 August. We now expect an EBIT of NOK 414m (418) for the quarter vs consensus at NOK 336m. We still advise investors to look beyond the next two quarters, as we see 2021 as a transformational year for the company. The recent years’ smolt investments should trigger volume growth and operational improvements not factored into the current valuation. We stick to our Buy rating and our NOK 65 TP.