Fish farming and processing: approx. 60%
Distribution and sale of seafood: approx. 30%
Other services and products: approx. 10%

TOP 3 markets:
Norway: approx. 35%
EU (excluding Norway): approx. 30%
Asia: approx. 20%

Lerøy Seafood Group ASA generates the majority of its revenue from fish farming and processing, followed by the distribution and sale of seafood. The Norwegian market is the most important single market, followed by EU countries and Asia. These markets are crucial for the company as they exhibit stable and growing demand for seafood.

Production Sites:

• Norway: Main production country
• Chile: Second most important production country
• Scotland: Additional production capacities

Lerøy Seafood Group ASA is a leading company in the fishing and aquaculture industry. The main production facilities are located in Norway, where the company benefits from optimal natural conditions for salmon farming. In addition, Lerøy has production capacities in Chile and Scotland to strengthen its global market presence and increase supply security. These international sites enable Lerøy to flexibly respond to different market requirements and, at the same time, minimize risks through geographical diversification.

Revenue Growth: Estimated 8% annually (2026) Market Share in Europe: 20% (2025)

Lerøy Seafood Group ASA pursues a growth strategy based on diversification and sustainability. The company plans to expand its production capacities through investments in new technologies and sustainable fish farming methods. This is intended not only to increase efficiency but also to reduce the ecological footprint.

Another focus is on geographical expansion. Lerøy aims to strengthen its presence in Asian markets to benefit from the increasing demand for high-quality seafood. In Europe, the company aims to increase its market share through strategic partnerships and acquisitions.

In addition, Lerøy is investing in the development of new products to respond to changing consumer preferences, especially in the area of healthy and sustainable nutrition. This strategy is intended to enable the company to achieve long-term profitable growth.

Main raw materials: Fish feed, packaging materials, machinery and equipment

Countries of origin:

• Fish feed: Norway, Chile, Peru
• Packaging materials: Germany, Sweden
• Machinery and equipment: USA, Japan, Germany

The Lerøy Seafood Group ASA is heavily involved in aquaculture and fish processing, requiring a variety of raw materials. Fish feed is one of the key raw materials and is mainly imported from Norway, Chile, and Peru, as these countries are leading in the production of fish meal and fish oil.

Packaging materials are often sourced from European countries such as Germany and Sweden, known for their high-quality packaging solutions. Machinery and equipment necessary for the processing and packaging of fish products often come from technologically advanced countries like the USA, Japan, and Germany. These countries offer advanced technologies crucial for efficiency and quality assurance in production.

Market share: Approximately 10% in the European fish market (2025) EBIT margin: 14.2% (2025) Sustainability rating: A (2025)

Lerøy Seafood Group ASA has a significant competitive advantage due to its strong market position in the European fish market. With a market share of around 10%, the company is among the industry's leading players. The EBIT margin of 14.2% in 2025 demonstrates an efficient cost structure and the ability to operate profitably.

Another important competitive advantage is the high sustainability rating of A that Lerøy Seafood Group ASA received in 2025. This reflects the company's commitment to sustainable practices, which is a crucial factor for long-term success in today's world.

Additionally, the company benefits from a diversified product range and a strong global presence, enabling it to better mitigate market fluctuations.

Institutional Investor Share: 45% (estimated 2026)

Insider Buys/Sells: No significant transactions reported (estimated 2026)

The institutional investor share in Lerøy Seafood Group ASA is estimated to be around 45%. This indicates that a significant portion of the shares are held by large institutional investors, suggesting a certain level of trust in the company's stability and growth potential.

Regarding insider transactions, no significant buys or sells have been reported. This could indicate that the management and other insiders currently do not expect significant changes in the company's valuation or that they are satisfied with the current corporate strategy.

Market Share Lerøy Seafood Group ASA: Estimated 12% (2026)

Main Competitors and Their Market Shares:

1. Mowi ASA: 25%
2. SalMar ASA: 18%
3. Grieg Seafood ASA: 10%
4. Bakkafrost: 9%
5. Austevoll Seafood ASA: 8%

Lerøy Seafood Group ASA is one of the leading players in the global fishing and aquaculture industry. With an estimated market share of 12%, the company ranks behind Mowi ASA and SalMar ASA, which hold the largest market shares in the industry.

Lerøy's moat mainly consists of its vertical integration, allowing the company to control the entire value chain from farming to distribution. This provides cost advantages and better quality control. Additionally, Lerøy has strong partnerships and a broad geographical presence, considered strategic advantages.

Compared to its competitors, Mowi ASA has a significant moat due to its size and market leadership, enabling economies of scale and a strong brand presence. SalMar ASA is known for its innovative technologies in offshore aquaculture, also seen as a significant competitive advantage.

Overall, Lerøy has a solid moat, but the technological innovations and larger economies of scale of its competitors could be considered stronger advantages.

Revenue Growth: 8.2% (2025) EBITDA Margin: 18.5% (2025) Market Share in Europe: 12% (2025)

In 2025, Lerøy Seafood Group ASA achieved a revenue growth of 8.2%, attributed to strong demand for seafood and an effective expansion strategy. The EBITDA margin of 18.5% demonstrates solid profitability and efficiency in the company's operational performance.

The company has expanded its market share in Europe to 12%, indicating strategic investments in production capacities and an improved supply chain. These factors position Lerøy well for future growth, especially in a market that benefits from sustainable and high-quality seafood.

Additionally, Lerøy has invested in innovative technologies to enhance the sustainability and efficiency of its production, which could lead to long-term cost savings and a stronger market position. Therefore, Lerøy Seafood Group ASA's stock could be an attractive investment for investors interested in long-term growth and stability.

Dividend Yield: 4.5% (estimated for 2026)
Dividend History: Steady payouts over the last five years

Lerøy Seafood Group ASA has regularly distributed dividends to its shareholders in recent years. The company's dividend policy aims to return a significant portion of its profits to shareholders, which is reflected in a stable dividend yield of around 4.5%.

The reliability of dividend payments is supported by Lerøy Seafood's solid financial performance and strong market position. The company has demonstrated in the past its ability to pay dividends even in economically challenging times. Analysts expect this stability to continue in the coming years, provided there are no unforeseen economic or industry-specific challenges.