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MarketScreener Homepage  >  Equities  >  Oslo Bors  >  Austevoll Seafood ASA    AUSS   NO0010073489

AUSTEVOLL SEAFOOD ASA

(AUSS)
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Delayed Quote. Delayed Oslo Bors - 08/12 10:25:21 am
84 NOK   +0.48%
07/13European salmon sales to China slowly recovering after virus scare
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07/03AUSTEVOLL SEAFOOD : Financial calendar
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05/29AUSTEVOLL SEAFOOD : Ex dividend NOK 2.50 today
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European salmon sales to China slowly recovering after virus scare

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07/13/2020 | 04:51am EDT
FILE PHOTO: Frozen seafood products made from imported salmon are seen at a Carrefour supermarket in Beijing

European exports of farmed salmon to China are gradually restarting after a temporary halt due to a coronavirus scare, two exporters and Norway's seafood marketing organisation said on Monday.

Many Chinese buyers halted imports of salmon and the fish was removed from supermarket shelves after the novel coronavirus was found on a chopping board used to cut salmon at a large food market in Beijing last month.

Officials in China and Norway, one of the world's top farmed salmon exporters, later concluded that imported salmon wasn't the source of the contamination.

"Salmon exports to China are resuming, but Beijing is still under lockdown," Regin Jacobsen, CEO of Faore Islands-based Bakkafrost, told Reuters.

Another major Nordic salmon producer also said exports had resumed, but that volumes were not increasing as quickly as after a previous halt at the start of the year due to coronavirus lockdowns in China.

The Norwegian Seafood Council said Norway exported 119 tonnes of fresh salmon to China in the first week of July, down 76% from the same week a year ago, but up from 58 tonnes the previous week.

"So it is gradually going up again, and this is the same tendency as we saw in February," Paul Aandahl, seafood analyst at the organisation, told Reuters.

It took about eight weeks for export volumes to return to normal levels after exports to China were first disrupted by lockdowns, he added.

China began testing imported fresh and frozen food after the discovery of the virus at the Beijing market, and last Friday suspended imports from three Ecuadorean shrimp producers, saying it had detected coronavirus in recent shipments.

(Reporting by Nerijus Adomaitis and Victoria Klesty; Editing by Mark Potter)

Stocks mentioned in the article
ChangeLast1st jan.
AUSTEVOLL SEAFOOD ASA 0.48% 84 Delayed Quote.-6.72%
BAKKAFROST 1.23% 574.5 Delayed Quote.-11.62%
LERØY SEAFOOD GROUP 2.02% 57.66 Delayed Quote.-1.10%
MOWI ASA 3.42% 184.4 Delayed Quote.-19.19%
SALMAR ASA 1.84% 458.8 Delayed Quote.2.11%
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Financials
Sales 2020 24 445 M 2 736 M 2 736 M
Net income 2020 1 058 M 118 M 118 M
Net Debt 2020 4 554 M 510 M 510 M
P/E ratio 2020 16,0x
Yield 2020 4,09%
Capitalization 16 872 M 1 890 M 1 888 M
EV / Sales 2020 0,88x
EV / Sales 2021 0,78x
Nbr of Employees 6 507
Free-Float 41,9%
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Technical analysis trends AUSTEVOLL SEAFOOD ASA
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TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 6
Average target price 117,00 NOK
Last Close Price 83,60 NOK
Spread / Highest target 67,5%
Spread / Average Target 40,0%
Spread / Lowest Target 25,6%
EPS Revisions
Managers
NameTitle
Arne Møgster Chief Executive Officer
Helge Singelstad Chairman
Britt Kathrine Drivenes Chief Financial Officer
Oddvar Skjegstad Deputy Chairman
Helge Arvid Møgster Director
Sector and Competitors
1st jan.Capitalization (M$)
AUSTEVOLL SEAFOOD ASA-7.16%1 878
MOWI ASA-21.87%10 263
TOYO SUISAN KAISHA, LTD.36.29%6 051
SALMAR ASA0.27%5 663
LERØY SEAFOOD GROUP-3.05%3 746
THAI UNION GROUP0.00%2 082