Lerøy Seafood Group (OSE: LSG) is a seafood production and distribution company based in Bergen, Norway.
The fisherman-farmer Ole Mikkel Lerøen (1879-1966)
Lerøy Seafood Group is a world-leading seafood corporation with a history reaching back to 1899. The Group´s core business is the production of salmon and trout, catches of whitefish, processing, product development, marketing, sale and distribution of seafood. Every single day, all year round, their 4,200 employees deliver seafood corresponding to five million meals. The Group have an extensive range of sustainable, healthy products served on tables in more than 80 different countries.
The main office is located in Bergen, but they have fishing vessels and fish farms in operation along the entire coast of Norway.
The Group have production and packaging plants in Norway, Sweden, Denmark, Finland, France, the Netherlands, Portugal, Spain and Turkey. We also have sales offices in the USA, Japan and China.
In 2016, the Group reported revenue of NOK 17.2 billion. With such high revenue, Lerøy makes an important contribution to local value creation in communities spread along the entire coast of Norway. In 2016, their employees paid NOK 451 million in tax revenue to close to 200 different municipalities in Norway. Every day, Lerøy delivers thousands of different seafood products to shops, restaurants, canteens and hotels. We are proud suppliers of seafood to customers worldwide, and our deliveries correspond to 1.75 billion meals every year.
The Group reports within three segments:
Wild Catch/Whitefish/VAP (Value Added Processing)
Sales & Distribution.
The Group views itself as a local company with a global perspective, and shall have local roots in the locations where they have operations. This helps ensure that the Group makes a contribution in all local communities, irrespective of region and nationality.
2016 will go down in history as one of the most important years for the Group. This was the year when the Group acquired Havfisk and Norway Seafood Group – two of Europe’s largest companies within catches and processing of whitefish. With this investment, Lerøy has the potential to embark on a new and exciting development where catches and processing of whitefish are a part of the Groups value chain. Lerøy is now therefore a fully integrated company with control and management of an entire range of seafood products from sea to consumer – and this is true within product development, logistics and distribution.
Domestic market frozen fish prices show stability Russia Fed.
From 7 to 13 September, the dynamics of prices for frozen fish in the wholesale segment of the domestic market, basically, showed a tendency towards stability.
In the Far East region, there was a ten...