Austevoll Seafood at a slow but sure pace in last 2022 quarter
In this Q4 of 2022 Austevoll Seafood achieved 2022 total NOK 7,639 million, compared with same period in 2021 was reaching the NOK 7,028 million based from their farming companies; however, profits this quarter were not as positive as they could have been.
The Group is exposed to risk relating to the value of its assets. This risk arises mainly as a result of changing prices of raw materials and final products, to the extent that these changes impact the company's competitiveness and its profit potential over time. Moreover, there are additional key metrics affecting the Group's level of risk are operational factors such as marine biomass, fishing conditions and the evolution of the Group's input prices.
Some of the facts that have marked a decline the lower production volumes in South American businesses, the lower prices for salmon related to volume of catches. This suggests that the group has had an unequal form of benefits depending on the group company, which is formed by five companies based in Europe and South America.
Thus, the economic quarters do not usually coincide with all the sector's own seasons, which sometimes results in lower profit margins than expected. Although the sum is positive, individual companies have had uneven growth.
All this information provides an overview of what AUSS has and expects to achieve in the future. The Group is financially strong, has demonstrated positive developments and is now well positioned in several parts of the global seafood industry.
The Group's strategy for the future is to continue progressing in its current operational segments: fish meal and fish oil/production, sales and distribution of salmon, trout and whitefish.
About Austevoll Seafood ASA (AUSS)
Since it was established in 1981, Austevoll Seafood ASA (AUSS) has developed into an active and long-term owner of world-leading portfolio companies within aquaculture, fisheries, processing, sales and distribution. The Group's activities are divided into the following operating segments: Lerøy Seafood Group ASA (Europe), Austral Group S.A.A. (Peru), FoodCorp Chile S.A. (Chile), Br. Birkeland AS (Norway), Br. Birkeland Farming AS (Norway) and the joint venture Pelagia Holding AS (Europe)