Annual report 2017


Sea and Fjord

Every day, the pioneers of seafood supply – Lerøy Seafood Group – are faced with choices and opportunities that will affect the future both of the natural environment and local communities. This was definitely and significantly the case on several occasions in 2017.
Annual statement by the Group CEO
2017 will go down in the history books as the best year ever for Lerøy Seafood Group. Revenue was up from NOK 17.3 billion in 2016 to a total NOK 18.6 billion in 2017. The Group has also reported a record-high volume, and operating profit is up from NOK 2.8 billion in 2016 to NOK 3.7 billion in 2017. As such, we have taken another step forward towards our vision of being the leading and most profitable supplier of sustainable, high-quality seafood.
Business overview
With the acquisitions completed in 2016, Lerøy is now definitively the largest corporation in Norway for catches and processing of whitefish. One of the world’s largest seafood exporters of salmon and trout has therefore now acquired a significant international position within whitefish.
The Lerøy Seafood Group can trace its operations back to the end of the 19th century, when the fisherman-farmer Ole Mikkel Lerøen started selling live fish in Bergen's fish market.
Important events
Read about our important, strategic events from 1999 and up until today.
Important events in 2017
The construction and opening of new factories and production facilities and the acquisition of the whitefish companies, Havfisk and Norway Seafoods Group, are among the events that dominated the past year.
About us
New feed allows for more sustainable fish farming
Lerøy is taking part in the development of a new and improved fish feed in order to ensure sustainable production of salmon and trout. The fish oil previously used is now being partly replaced by microalgae that has a high Omega 3 content.
Preline - fish farm designed for the future
The purpose of a self-contained, floating fish farm is to optimise conditions for the fish during their first months in the sea. This provides better conditions for growth, improved welfare and protection against disease and salmon lice.
Food safety with marine produce
We work constantly to ´quality assure´ our products that are supplied to shops and to make sure that consumers can trace the seafood they eat.
Cultivating large volumes of kelp to improve the environment
The unique components in kelp may be a future source of energy, both for humans, animals and vehicles.
Simpler to choose healthy produce when buying food
As a seafood producer with a focus on quality, Lerøy aims to help improve our diets. The company has therefore signed an agreement with the Norwegian Ministry of Health and Care Services that will make it much simpler for consumers to make healthy choices when buying food.