Henning Beltestad
Group CEO

Welcome to Lerøy Seafood Group's First Quarter Presentation 2026. My name is Henning Beltestad. I'm the CEO in Lerøy Seafood Group. And with me today, I have Sjur Malm, CFO.

First of all, I will take you through the highlights and also give you a short strategy and targets update. And then Sjur Malm will take you through the key financial highlights. And then I will come back and take you through some outlook for going forward.

First of all, Lerøy Seafood Group is a leading global provider of high-quality seafood with a long history, reaching back all to 1899. We have 6,000 employees. NOK 34 billion in turnover and had last year an operational EBIT of NOK 2.5 billion.

We catched close to 60,000 tonnes of white fish, 195,000 tonnes production of salmon and trout and had a processing volume of 340,000 tonnes. And we are a global company. Our goal is to create the world's most efficient and sustainable value chain for seafood. And we are continuing improving our value chain and getting into new markets around the world. Lerøy is a unique company, integrated both in redfish and in white fish, and we have invested heavily in the last 20 to 25 years. Our values are open, honest, responsible and creative.

And then highlights of the quarter. It's been a quarter with a strong biological development in farming. First quarter, we harvested close to 40,000 tonnes compared to 38,000 tonnes last year. We have increased expectation for profitability in Wildcatch after a good quarter.

There has been some pressure on gross margins in some units