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Netherlands' Kingfish Q3 revenue at record high

By Reuters News


Overview

  • Netherlands aquaculture producer's Q3 revenue rose 12% yr/yr to EUR11.3 mln, setting a record

  • Sales volume increased 14% yr/yr to 829 metric tons

  • Average revenue per kg declined due to lower proportion of superior-grade fish


Outlook

  • Company expects lower average revenue per kg to persist near term, improving in Q4 2026 and H1 2027

  • Company anticipates higher feed, energy and transportation costs in coming periods

  • Kingfish implementing measures to offset rising costs and protect profitability


Result Drivers

  • IMPROVED PRODUCTION EFFICIENCY - Co attributed record production to better feed efficiency and improved biological performance

  • CORE MARKET DEMAND - Continued demand growth in core European markets supported higher sales volumes

  • PRODUCT MIX IMPACT - Lower share of superior-grade fish reduced average revenue per kg despite stable underlying prices


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

EUR 11.30 mln


Reuters Recommended Reads

  • Nov 4 - Seafood producer Mowi Q3 EBIT hits record highs on strong salmon volumes

  • Nov 3 - SalMar Q3 operational EBIT tops estimates on record volume

  • Nov 3 - Vital Farms Q3 revenue misses estimates; cuts FY forecast


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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