Financial market reacts to salmon farmer’s better than expected results.
Lerøy Seafood Group this morning presented its Q3 report. Operating profit was 52 per-cent better than previously estimated by analysts.
The results set the share price on fire.
Lerøy shares were up 10.9 per-cent just after lunch on Wednesday. This implies a EUR 311 million increase in value.
Double-digit rises are not everyday affairs and will normally be related to short-positions coverage. However, according to Norway’s Financial Supervisory Authority short sales register, no short positions have been registered in Lerøy Seafood Group.