We update our estimates following Monday’s profit warning where EBIT will come in at NOK -62m (previous ARCe: NOK 43m, Cons. NOK 57m), due to low price achievement and high cost on the ISA fish that were harvested in the quarter, coupled with high ramp-up costs related to the new processing facility (one-off). The harvest guidance for 2024 was also revised down to 25,200t on midpoint (prev: 27,000t), resulting in our EBIT and EPS for 2024 being revised down by 26% and 34%, respectively. The biol ....
