- Austevoll Seafood reported an EBITDA of NOK 1.19 billion for the third quarter.
- This represents an 18% increase compared to the same period last year.
- The EBIT for the quarter was NOK 686 million.
- Revenue for the third quarter reached NOK 9.30 billion, marking an 8.5% year-over-year increase.
- Earnings per share (EPS) stood at NOK 2.70.
- The increase in revenue was attributed to the performance of the Austral Group.
- A successful and normalised first fishing season in Peru substantially boosted the sales volumes for this period compared to the previous year.
- Analysts provided 6 buy recommendations, 2 hold recommendations, and no sell recommendations for Austevoll Seafood.
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A look at Austevoll Seafood Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Austevoll Seafood ASA, which operates fish farms for salmon and other ocean fish in Norway, has received positive Smart Scores across multiple factors. With a strong score of 4 in Value, the company is deemed to be well-positioned in terms of its valuation. Additionally, Austevoll Seafood scored a 4 in Growth and Resilience, indicating a favorable long-term outlook for expansion and ability to weather market challenges. Momentum, one of the key indicators, received the highest score of 5, suggesting a strong upward trend in the company’s performance. Although the Dividend score is slightly lower at 3, the overall Smart Scores paint a promising picture for Austevoll Seafood‘s future prospects.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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