Lerøy Seafood Group will release its Q3/20 results on Wednesday 11 November. We have lowered our estimates ahead of the report, due both to a lower realized salmon sales price, and lower than previously expected harvesting volumes. We still expect volume growth deriving from its smolt strategy will be a catalyst for improved operational performance next year, and we reiterate our Buy rating and our NOK 65 target price.
19 Oct 2020
Main attention towards FY/21 volume guiding
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Main attention towards FY/21 volume guiding
Leroy Seafood Group ASA (LSG:OSL) | 0 0 0.0%
- Published:
19 Oct 2020 -
Author:
Thomas Lorck | Axel Jacobsen -
Pages:
11
Lerøy Seafood Group will release its Q3/20 results on Wednesday 11 November. We have lowered our estimates ahead of the report, due both to a lower realized salmon sales price, and lower than previously expected harvesting volumes. We still expect volume growth deriving from its smolt strategy will be a catalyst for improved operational performance next year, and we reiterate our Buy rating and our NOK 65 target price.