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  • 14 Aug 2023

Approaching the inflection point


BAKKAFROST P F (BAKKA:STO), 0 | Bakkafrost P/F (BAKKA:OSL), 0 | GRIEG SEAFOOD (GSF:STO), 0 | Grieg Seafood ASA (GSF:OSL), 0 | Mowi ASA (MOWI:STO), 0 | Mowi ASA (MOWI:OSL), 0 | Austevoll Seafood ASA (AUSS:OSL), 0 | SALMAR (SALM:STO), 0 | SalMar ASA (SALM:OSL), 0 | Salmones Camanchaca SA (SALMOCAM:SGO), 0 | Kaldvik AS (KLDVK:OSL), 0 | Austevoll Seafood ASA (Z85:BRN), 0

  • ABG Sundal Collier
    • ABGSC Seafood Research | Martin Kaland | Simon Skåland Brun

    • 119 pages


 

Sector down 12% on weak spot-price sentiment since May. Some potential negative data points left, but set to turn in H2, and largely reflected with sector at '23e-'24e P/E of 15-12x. Our sector top-pick remains Mowi.

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Approaching the inflection point


BAKKAFROST P F (BAKKA:STO), 0 | Bakkafrost P/F (BAKKA:OSL), 0 | GRIEG SEAFOOD (GSF:STO), 0 | Grieg Seafood ASA (GSF:OSL), 0 | Mowi ASA (MOWI:STO), 0 | Mowi ASA (MOWI:OSL), 0 | Austevoll Seafood ASA (AUSS:OSL), 0 | SALMAR (SALM:STO), 0 | SalMar ASA (SALM:OSL), 0 | Salmones Camanchaca SA (SALMOCAM:SGO), 0 | Kaldvik AS (KLDVK:OSL), 0 | Austevoll Seafood ASA (Z85:BRN), 0

  • Published: 14 Aug 2023
  • Author: ABGSC Seafood Research | Martin Kaland | Simon Skåland Brun
  • Pages: 119
  • ABG Sundal Collier


Sector down 12% on weak spot-price sentiment since May. Some potential negative data points left, but set to turn in H2, and largely reflected with sector at '23e-'24e P/E of 15-12x. Our sector top-pick remains Mowi.

More Content

More Content

Strong start to '25

Companies: AUSTEVOLL SEAFOOD (AUSS:STO)Austevoll Seafood ASA (AUSS:OSL)

ABG Sundal Collier

Results in line, estimates to be lowered

Companies: Mowi ASA

Arctic Securities

Q1: EBIT 4% above on better pelagics

Companies: AUSTEVOLL SEAFOOD (AUSS:STO)Austevoll Seafood ASA (AUSS:OSL)

ABG Sundal Collier

Estimates coming down on higher costs

Companies: Mowi ASA

Arctic Securities

At the end of the storm, there's a golden sky

Companies: Mowi ASA (MOWI:STO)Mowi ASA (MOWI:OSL)

ABG Sundal Collier
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