Austevoll Seafood ASA (ASTVF) Q2 2025 Earnings Call Transcript

Austevoll Seafood ASA (OTCPK:ASTVF) Q2 2025 Earnings Conference Call August 20, 2025 3:45 AM ET

Company Participants

Arne Mogster – CEO & President
Britt Kathrine Drivenes – Chief Financial Officer

Arne Mogster

Then it’s a pleasure for me to welcome you to Austevoll’s second quarter presentation. I would first start taking you through the highlights of the quarter. Thereafter, I would go through segment by segment and our performance in the quarter and try to give some insights in the quarter we are into now. Britt Kathrine Drivenes, our CFO, will take you through more in detail the numbers for second quarter. And I will end this session by giving our view on the different segments we are operating within.

So starting up, I would say we are quite satisfied with the volumes we have pushed through, I would say, all our different subsidiaries in the quarter. But again, we have been harmed by falling prices both on salmon and trout and on fishmeal and fish oil this quarter versus same quarter last year, which has been putting pressure on margins. So we are delivering a weaker financial result in this quarter versus the same quarter last year, and I will take you more in detail when I’m going through the different segments.

So all in all, revenue of NOK 10 billion, EBITDA of NOK 1.3 billion and EBIT of NOK 754 million. Last year, we had a gain of sales of 2 fishing vessels at NOK 1.2 billion. So comparing this quarter with last quarter, you have to take that into the consideration.

Going down on the bottom left on the table, we have excluded the gain of sales and included 50% share of Pelagia numbers. And you can see we have an EBITDA of NOK 1.3 billion, where salmon and whitefish segments