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Despite the difficulties, Lerøy reports a higher turnover than last year and highlights the "high activity" and the "clear potential for improvement."

Although the underlying performance was good, seasonally lower spot prices and carry costs due to biological issues affected the company's financial performance.

Faced with a weaker operating result than expected, the Norwegian salmon farmer had already issued a profit warning to its investors.

"We remain focused on improving performance and maximizing value chain potential,” said Frode Arntsen, CEO of SalMar, presenting the company's third-quarter results.

Despite the increase in these figures, weak demand has led to a lower price for the product.

In contrast, Norcod assured that market conditions and fundamentals for farmed cod "have never been better."