Grieg Seafood presented quarterly figures for the first quarter of Monday morning. Here we read that operating profit before fair value adjustments was halved to 70 million in Q1 2015 from 143 million in Q1, 2014.
According to TDN Finans reviewing Nordea Markets report as “another disappointment” from company.
Also SpareBank 1 Markets believes that Grieg Seafood delivering another weak quarter.
– Grieg Seafood still looks like a company with a lot of untapped potential. There is no doubt that the upside is great, but when management expects high costs in the second quarter, so it may take time before the upside materializes, writes brokerage in an update Monday, IntraFish.
Monday falls share 3.25 percent to 26.80 dollars.
The share is thus down 5.96 percent since January while it is up 12.13 per cent last month.
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