Austevoll Seafood ASA (OTCPK:ASTVF) Q3 2024 Earnings Conference Call November 14, 2024 3:00 AM ET
Company Participants
Arne Møgster – Chief Executive Officer
Britt Kathrine Drivenes – Chief Financial Officer
Conference Call Participants
Arne Møgster
It’s a great pleasure for me to welcome you to Austevoll Seafood’s Third Quarter Financial Presentation. I will first start by giving you the highlights of the quarter. Thereafter, I will take you through the different segments in the group. Our CFO, Britt Kathrine Drivenes, will take you through the numbers more in details, and then I will end this presentation by giving our view on the different markets we are operating within.
So starting up, we have had, I would say, a quite good quarter and the contribution, in particularly from the pelagic activity of the group has been solid. The result is mainly driven from – or the change in the result from same quarter last year is mainly driven from improvement from our Peruvian activity and definitely also from the Scottish Sea Farms, which has had a quite good turnaround in their operation from same quarter last year to this quarter.
So all-in-all, I would say the operating revenue is just north of NOK9.2 billion, EBITDA of just sort of NOK1.2 billion and an EBIT, including income from associated, which is mainly Scottish Sea Farm and Pelagia, of NOK802 million.
Looking on the bottom side of the page, you’re also seeing our EBITDA, including 50% of the Pelagia Group. And as you can see, our EBITDA is NOK1.450 billion, whereof NOK818 million is coming from Leroy, down NOK200 million from same quarter last year. And it’s a considerable increase on the EBITDA for the pelagic segment, and it’s mainly driven by our operation in Peru. I will revert to that later.
Looking
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