Lerøy’s market cap increases by €300 million after Q3 report

by
Aslak Berge

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.

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