Analysts at Nordea are downgrading Leroy Seafood from Buy to Hold, after the company issued a profit warning Wednesday.
Leroy indicated Wednesday its third-quarter earnings before interest and taxes (EBIT) could drop to NOK 250 million (€27.1 million/$31 million) from the NOK 467 (€50.70/$57.90) previously expected, on the back of massive sealice challenges in central Norway.
"Sealice figures are too high and capacity is too low at transportation and harvesting facilities," Kolbjorn Giskeodegaard, director and sector coordinator at Nordea, wrote in an update Thursday morning.
"The
