Austevoll Seafood falls 6.6% after 2Q earnings
Austevoll Seafood ASA (GB:0DNW) experienced a significant decline in its stock price following the release of its Q2 2025 earnings report. The company's shares fell by 6.6% on the day of the announcement, reflecting investor concerns over the financial performance and market challenges faced by the seafood giant.
According to the earnings report, Austevoll Seafood recorded a revenue increase in Q2 2025 compared to the previous year. However, the company faced a significant drop in earnings due to declining prices for salmon, trout, fishmeal, and fish oil. Additionally, a new resource rent tax on Norwegian aquaculture further impacted the company's profitability, leading to increased uncertainty in tax estimates and lower post-tax results [1].
The most recent analyst rating on Austevoll Seafood ASA stock is a Sell with a NOK88.00 price target. The company's adjusted EBIT for Q2 2025 was NOK 767 million, while the net income stood at NOK 106 million. The adjusted EBITDA was NOK 1,311 million, and the pretax profit was NOK 14 million. The revenue for the quarter was NOK 10,065 million, surpassing the IBES estimate of NOK 9,664 million [2].
The outlook for the salmon market globally remains positive, with supply growth estimated to be around 12% in H1 2025 and approximately 17% for the quarter. However, the market challenges and tax implications continue to pose a significant threat to Austevoll Seafood's profitability.
Investors should closely monitor the company's future earnings reports and the broader market conditions to gauge the potential impact on the stock price. The company's ability to navigate these challenges will be crucial in determining its long-term prospects.
References:
[1] https://www.tipranks.com/news/company-announcements/austevoll-seafood-asa-faces-earnings-decline-amid-market-challenges
[2] https://www.tradingview.com/news/reuters.com,2025:newsml_PLX25F609:0-austevoll-seafood-q2-adjusted-ebit-nok-767-mln/
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