Austevoll Seafood ASA Reports Q3 Non-GAAP EPS of NOK 1.40 and Increased Adjusted EBITDA
Austevoll Seafood ASA (ASTVF) reported its third-quarter financial results, highlighting a significant increase in profitability despite a decline in top-line revenue. The company achieved an adjusted EBITDA of MNOK 1,131, a substantial rise compared to the MNOK 651 reported during the same period last year. Adjusted EBIT also saw a sharp improvement, reaching MNOK 546 from MNOK 78 in the prior year's quarter. While revenue fell by 8.1% year-over-year to NOK 9.23 billion, the company's bottom-line metrics showed strong recovery and growth. Looking ahead, Austevoll Seafood maintained its production guidance for Norway, projecting 195,000 GWT for 2026.
Topics: earnings report EBITDA financial guidance revenue
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