Grieg Seafood Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Grieg Seafood (OB:GSF) Full Year 2024 Results

Key Financial Results

• Revenue: kr7.43b (up 5.3% from FY 2023).
• Net loss: kr2.65b (down from kr559.8m profit in FY 2023).
• kr23.60 loss per share (down from kr5.00 profit in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Grieg Seafood Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 4.8%. Earnings per share (EPS) missed analyst estimates by 174%.

Looking ahead, revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Food industry in Norway.

Performance of the Norwegian Food industry.

The company's shares are down 28% from a week ago.

Risk Analysis

You should learn about the 3 warning signs we've spotted with Grieg Seafood (including 2 which are a bit concerning).

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This article by Simply Wall St is general in nature. We provide commentary 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. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.