Norway's Nordic Halibut Posts Q1 Loss as Prices Drop
Nordic Halibut Q1 Results
Norway fish farming company Nordic Halibut reported a loss in the first quarter due to declining prices, despite higher harvest volumes boosting revenue. Q1 revenue grew 8% year-over-year to NOK 47.7 million.
Financial Performance
The company posted negative EBITDA and a net loss for Q1. Average sales price fell to NOK 188 per kg from NOK 193 per kg in Q1 2025.
Harvest Volumes
Q1 harvest volumes rose 18% year-over-year, supporting revenue growth. However, lower sales prices weighed on profitability.
Analyst Coverage
The sole analyst rating on the shares is "buy." The median 12-month price target is NOK 30.00, implying about 26.1% upside from the May 27 closing price of NOK 23.80.
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