Lerøy Seafood Group Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag

Lerøy Seafood Group (OB:LSG) Full Year 2024 Results

Key Financial Results

• Revenue: kr31.1b (flat on FY 2023).
• Net income: kr2.67b (up by kr2.40b from FY 2023).
• Profit margin: 8.6% (up from 0.9% in FY 2023).
• EPS: kr4.49 (up from kr0.46 in FY 2023).

We've discovered 1 warning sign about Lerøy Seafood Group. View them for free.

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

Lerøy Seafood Group EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) exceeded analyst estimates by 72%.

The primary driver behind last 12 months revenue was the VAP, Sales and Distribution segment contributing a total revenue of kr29.7b (95% of total revenue). Notably, cost of sales worth kr16.6b amounted to 53% of total revenue thereby underscoring the impact on earnings.Explore how LSG's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Food industry in Norway.

Performance of the Norwegian Food industry.

The company's shares are up 3.8% from a week ago.

Risk Analysis

Be aware that Lerøy Seafood Group is showing 1 warning sign in our investment analysis that you should know about...

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