Trade Grieg Seafood - GSFno CFD

Grieg Seafood Company profile

About Grieg Seafood ASA

Grieg Seafood ASA is a Norway-based fish farming company active in the seafood industry. It is the parent company of the Grieg Seafood Group (the Group). The Group’s business activities relate to the production and trading in the sustainable farming of salmon and trout. The Group’s production capacity of farmed salmon and trout is of around 95 000 tons gutted weight annually. The Group has 100 licenses for salmon production and five licenses for smolt production. The Group has operations in Finnmark and Rogaland, Norway; in British Columbia, Canada; and in Shetland, the United Kingdom. As of December 31, 2013, the Company had 16 wholly owned, both directly and indirectly held, subsidiaries, including Grieg Seafood Rogaland AS, Erfjord Stamfisk AS, Grieg Seafood Finnmark AS, Grieg Seafood Canada AS and Grieg Seafood Hjaltland UK Ltd, among others. As of December 31, 2013, its largest shareholder was Grieg Holdings AS (49.97%).

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Grieg Seafood ASA revenues increased 5% to NOK4.6B. Net income before extraordinary items totaled NOK635.5M vs. loss of NOK342.2M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net Income reflects FV Adjustments on Biological Assets decrease from NOK289.7M (expense) to NOK523M (income).