Lerøy Seafood Group Third Quarter 2024 Earnings: Revenues Miss Expectations
Lerøy Seafood Group (OB:LSG) Third Quarter 2024 Results
Key Financial Results
- Revenue: kr7.89b (down 1.4% from 3Q 2023).
- Net loss: kr55.5m (loss narrowed by 85% from 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Lerøy Seafood Group Revenues Disappoint
Revenue missed analyst estimates by 6.4%.
Looking ahead, revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Food industry in Norway.
Performance of the Norwegian Food industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
You still need to take note of risks, for example - Lerøy Seafood Group has 1 warning sign we think you should be aware 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.
About OB:LSG
Lerøy Seafood Group
Produces, processes, markets, sells, and distributes seafood products worldwide.
Excellent balance sheet and good value.
