BRIEF-Grieg Seafood Expects Harvest Volumes Of 18,800 Tonnes In Q1

Feb 20 (Reuters) - Grieg Seafood ASA GSFG.OL:

• SAID ON WEDNESDAY EXPECTS HARVEST VOLUMES OF 18,800 TONNES IN Q1 2025

• FOR 2025, EXPECTS HARVEST VOLUMES OF 84,000 TONNES

• DEMAND FOR ATLANTIC SALMON IS EXPECTED TO REMAIN STRONG

• POTENTIAL IMPOSITION OF TARIFFS ON GOODS EXPORTS INTO U.S. ADDS UNCERTAINTY, PARTICULARLY WITH REGARDS TO EXPORTS FROM OPERATIONS IN CANADA

• LAUNCHES TRANSFORMATION PROGRAM TO LAY FINANCIAL AND ORGANIZATIONAL FOUNDATION FOR DEVELOPMENT OF ASSETS IN ROGALAND AND FINNMARK

• IN CANADA, CO IS LOWERING GROWTH AMBITIONS AND RELATED CAPITAL EXPENDITURE PLANS SIGNIFICANTLY IN NEWFOUNDLAND AND PUTS STRATEGIC INVESTMENTS ON HOLD IN BRITISH COLUMBIA

• EXPECTS HARVESTING VOLUMES IN CANADA TO DECLINE BY AROUND 5% TO 22,000 TONNES IN 2025

• RECOGNIZED IMPAIRMENT LOSSES IN EXCESS OF NOK 1.7 BILLION TO REFLECT CHANGES IN OPERATIONAL, INDUSTRY, ECONOMIC AND REGULATORY CONDITIONS

• CONSIDERS ISSUANCE OF HYBRID BOND, SALE-LEASEBACK OF SMOLT/POST-SMOLT FACILITIES IN ADAMSELV IN FINNMARK

• EXECUTED AND PLANNED TRANSACTIONS TO HAVE POSITIVE LIQUIDITY EFFECT OF ABOUT NOK 2.5 BLN (BEFORE FINANCING COSTS AND GREEN BOND REPAYMENT IN JUNE 2025)

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