Austevoll Seafood rises on strong Q3 EBITDA as margins offset lower sales volumes

** Shares in Austevoll Seafood AUSS.OL rise 5.3% after the Norwegian fish farmer reported strong growth in Q3 core earnings

** Q3 adjusted EBITDA was NOK 1.13 billion ($120.3 million), up 74% from the same period last year, as improved margins more than offset lower sales volumes

** Earnings growth was mainly attributable to lower operating costs and improved price realization in the farming segment, Austevoll says

** It adds the cost of marine raw materials has increased significantly due to El Niño-related supply conditions, driving higher feed costs through the second half of 2026 and into 2027

** The shares are on track for their best day since February 24 if the gains hold, but are still down more than 10% YTD

($1 = 9.3943 Norwegian crowns)