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Grieg Seafood ASA ( (GRGSF) ) just unveiled an announcement.
Grieg Seafood ASA reported a harvest volume of 20,770 tonnes in Q1 2024, with an operational EBIT of NOK 221 million, impacted by a one-off cost of NOK 68 million due to organizational changes. The company noted excellent production in Rogaland, a promising outlook in Finnmark despite some challenges, and stable production in Newfoundland and British Columbia. Grieg Seafood aims for a harvest volume of 84,000 tonnes in 2025 and has completed the first phase of its financial transformation, including a NOK 2,000 million hybrid bond placement.
The most recent analyst rating on (GRGSF) stock is a Hold with a NOK53.00 price target. To see the full list of analyst forecasts on Grieg Seafood ASA stock, see the GRGSF Stock Forecast page.
More about Grieg Seafood ASA
Grieg Seafood ASA is a leading global salmon farming company with operations in Finnmark and Rogaland in Norway, and in British Columbia and Newfoundland in Canada. Headquartered in Bergen, Norway, the company is committed to sustainable farming practices that prioritize minimal environmental impact and optimal fish welfare, aligning ethical responsibility with economic profitability. Grieg Seafood ASA has been listed on the Oslo Stock Exchange since June 2007.
Average Trading Volume: 394,486
Current Market Cap: NOK8.48B
For detailed information about GRGSF stock, go to TipRanks’ Stock Analysis page.