Lerøy Seafood Group Full Year 2023 Earnings: Beats Expectations

Lerøy Seafood Group (OB:LSG) Full Year 2023 Results

Key Financial Results

• Revenue: kr30.9b (up 16% from FY 2022).
• Net income: kr272.5m (down 91% from FY 2022).
• Profit margin: 0.9% (down from 11% in FY 2022). The decrease in margin was driven by higher expenses.
• EPS: kr0.46 (down from kr4.88 in FY 2022).

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

Lerøy Seafood Group Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) also surpassed analyst estimates.

Looking ahead, revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Food industry in Norway.

Performance of the Norwegian Food industry.

The company's shares are up 17% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Lerøy Seafood Group that you need to be mindful of.

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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.