🐟 SeafoodGSF · Oslo BørsData Quality: Manual · Updated Jul 2026
🇳🇴 Grieg Seafood
Bergen · Founded 1988 · www.griegseafood.com
A mid-sized, geographically diversified Norwegian salmon farmer with operations across Norway (Rogaland and Finnmark regions), British Columbia (Canada), and Shetland (UK). Smaller than Mowi or SalMar but distinguished by its exposure to North American salmon supply — its BC operations make it a price-setter in the North American farmed salmon market. Went through a significant restructuring in 2022–23 to improve margins, including divesting its Newfoundland operations.
📋 Source: Official company filings📅 Reporting period: FY2023 annual🔄 Updated: Jul 2026⚠️ AnimStok is not affiliated with Grieg Seafood
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AnimStok Intelligence Analysis
Data-derived · Official filings · Jul 2026Algorithmic — not a financial recommendationRevenue grew 5.1% to $0.8B in FY2023, signalling strong demand conditions for the seafood sector. EBITDA of 11% sits above the typical 5–8% range for commodity protein processors, indicating a degree of pricing power or higher-value product mix. Grieg Seafood's key export markets (South Korea, Japan) overlap with India's primary animal protein export destinations — Indian producers compete with Grieg Seafood products in these markets, making its pricing a relevant benchmark for Indian exporters.
ANIMSTOK COMPANY SUMMARY
Deterministic rule-based prose from official filings — not AI-generated
Low Confidence
Grieg Seafood is a publicly listed Seafood (atlantic-salmon, aquaculture) sector company headquartered in Bergen. Revenue was $820M in FY2023, with an EBITDA margin of 11% — above the typical 5–8% range for commodity processors, reflecting a degree of pricing power or higher-value product mix. The company employs approximately 2,300 people. Key export markets include South Korea, Japan — markets that overlap with India's primary animal protein export destinations, making this company a relevant pricing benchmark for Indian exporters.
Financial data sourced from: Grieg Seafood Annual Reports
WHAT CHANGED
Confirmed events linked to this company, then sector-level market context
🏢 Confirmed Company Eventsvia intel_event_companies
🌐 Recent Market EventsPlatform-wide — not specific to Grieg Seafood
Most recent published events across all sectors. These are shown for market context only and are not linked to Grieg Seafood.
criticalAcquisition
Bunge Completes Acquisition of Viterra, Creating the World's Largest Grain Trader by Volume
📅 2024-11-01
highInvestment
Smithfield Foods Lists on Nasdaq in First Public Offering Since WH Group Acquisition
📅 2024-09-25
mediumQuarterlyResults
Venky's India Q4 FY2024: Poultry Processing Revenue Grows on Domestic Demand Recovery
📅 2024-05-29
mediumQuarterlyResults
SalMar Q1 2024 Results: Harvest 56,600 Tonnes, Operational EBIT NOK 780 Million
📅 2024-05-14
mediumQuarterlyResults
Grieg Seafood Q1 2024: Harvest 20,000 Tonnes, Profitability Supported by Stable Salmon Prices
📅 2024-05-09
WHY THIS MATTERS
Aquafeed Cost
Marine ingredients (fishmeal, fish oil from Peru and Iceland) and plant-based alternatives (soy protein concentrate, pea protein) are the primary cost inputs. No single public index provides a comprehensive aquafeed cost benchmark.
Revenue Benchmark
Spot salmon prices are published weekly by Nasdaq Salmon Index and Fish Pool. Norwegian, Chilean, and Scottish export prices set global reference levels for Atlantic salmon contract negotiations.
Biological Risk
Sea lice outbreaks, ISA virus, and Salmon Alpha virus events cause direct biomass loss and operational cost increases. Norwegian Veterinary Institute weekly data is the primary monitoring signal.
Regulatory / Licensing
Salmon farming regulations — biomass limits, site licenses, MAB thresholds in Norway, Chile, and Scotland — directly constrain annual production volume and capital expansion plans.
RELEVANT MARKET INDICATORS
⚠ No direct FAO price index for this sector
No FAO price index directly tracks farmed salmon or marine shrimp. Primary external benchmarks for this sector: Nasdaq Salmon Index (Oslo, weekly spot prices), Norwegian Seafood Council export price data, and Fish Pool forward contracts.
WHAT TO WATCH
Monitoring variables — not procurement recommendations
1Nasdaq Salmon Index (Oslo) — weekly spot price for farmed Atlantic salmon, the global benchmark
2Norwegian Seafood Council weekly export data — price and volume trends for salmon and trout
3Fish Pool futures — forward prices for Norwegian salmon across 4–52 week contract tenors
4Norwegian Veterinary Institute sea lice reports — published monthly, site-level biomass data
5Feed ingredient prices: fishmeal (Peru), soy protein concentrate, rapeseed oil — primary aquafeed cost inputs
6Chile SalmCo and AquaChile harvest estimates — second-largest Atlantic salmon producer globally
EVIDENCE & METHODOLOGY
Data sourceOfficial company filings — annual reports, investor relations
VerificationProfile: partially_verified · Financial: partially_verified
Revenue periodFY2023 annual
Summary methodDeterministic rule-based prose from filing data — no language model involved
Event linksintel_event_companies: 2 confirmed links — none exist yet for this company
Trade flowsAll trade flow records for this company are draft status and are not displayed publicly
Confidence logicVerified profile + verified financials → Medium; any unverified field → Low; never High without corroborating event or trade data
DISCLAIMER
This intelligence summary is compiled from publicly available official company filings. AnimStok is not affiliated with Grieg Seafood and does not claim any endorsement. No investment, procurement, or commercial advice is implied. Data may not reflect post-filing corporate events.
Revenue History
2019–2023 · USD Billion
Business Segments
Revenue breakdown by division
Rogaland (Norway)40%
Finnmark (Norway)28%
British Columbia22%
Shetland (UK)10%
Key Brands
Consumer & trade brands
Grieg Seafood
Global Footprint
Operating & export countries
🏭 Operates / manufactures in
CanadaUKNorway
📦 Exports to
South KoreaBrazilJapanUSAEUCanada
Source: Grieg Seafood annual report FY2023 · Operates in 3 countries · Exports to 6 markets
Key Facts
What matters about Grieg Seafood
Only major salmon farmer with significant production in both Norway AND North America (BC) — unique geographic hedge
Divested Newfoundland (Canada) operations in 2022 to focus on higher-margin BC and Norwegian regions
Shetland operations supply premium Scottish-origin salmon to UK and EU premium retail
Smaller scale means higher cost per kg than Mowi/SalMar — but North American operations command premium prices
Listed · Oslo Børs
Financial data on this page is sourced from official filings. For current share price, visit the investor relations page above.
Live Stock Price
Latest Quarterly Highlight
Quarterly earnings data for Grieg Seafood is updated periodically. Check the investor relations page for the most recent quarterly report.
→ View latest results ↗Country Intelligence
Data Quality
◑
Partially Verified
Profile Data Status
Last Reviewed: Not yet reviewed
About this rating:“Partially Verified” means selected profile information has been checked against identified sources. It is not an audit, endorsement, credit rating, or investment recommendation.
Recent Intelligence
mediumQuarterlyResults
Grieg Seafood Q1 2024: Harvest 20,000 Tonnes, Profitability Supported by Stable Salmon Prices
📅 2024-05-09
highGovernmentRegulation
Norway Implements Traffic Light System Restrictions on Salmon Production Capacity in High-Lice Zones
📅 2024-01-01
Procurement
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Official Sources
Data sourced from official company filings. AnimStok is not affiliated with Grieg Seafood.
Market Intelligence
Latest News — Grieg Seafood
News from public industry feeds. Links open original publisher websites.