Nordic consumer banks perform well in eventful third quarter
Underlying positive trends in asset quality and loan growth continue.
NO
NCR comments: Kongsberg Gruppen ASA Q3 2021 report
Sharply higher EDITDA margin outstrips all expectations.
NorgesGruppen ASA
NorgesGruppen is a Norwegian grocery retail and wholesaling group which traces its origins back to 1866, when wholesaling company Joh. Johannson was established. The company is the market leader in grocery retail in Norway. It has stores in nine out of 10 municipalities. Its five grocery store chains are independent businesses which compete with each other. NorgesGruppen also runs delicatessens, bakeries, coffee shops, and a fast-food chain. The Johannson family controls the company, with a majority of the shares and votes.
Nordic Credit Rating publishes its proposed methodology for group and government support
Request for comment period ends 15 Nov. 2021.
Nordic banking assessments raised on reduced COVID threat
Earnings and asset quality remain robust as output and employment recover.
Nortura SA
Nortura is an agricultural cooperative established in 2006 by the amalgamation of the Prior and Gilde cooperatives, which previously focused on poultry and livestock, respectively. The company can trace its roots as far back as the establishment of Jæderen Poultry breeding association in 1896. Nortura is owned by about 16,000 Norwegian farmers and is one of the largest agricultural processing and distribution companies in northern Europe. The company is the market regulator for eggs and meat in Norway, with a statutory remit to facilitate a stable balance of supply and demand.
Nordic niche banks show improvement despite margin pressure
Niche banks show signs of moving on from the pandemic.
Lerøy Seafood Group ASA
Lerøy traces its roots back to 1939 as a seafood wholesaler and exporter. It has evolved into an integrated international seafood supplier with four key segments: Farming, Value Added Processing, Sales and Distribution, and Wildcatch. The company owns a large share of the UK's Scottish Sea Farms Ltd. through a joint venture. Austevoll Seafood ASA gained majority ownership in 2008. Lerøy and Austevoll Seafood are both listed on the Oslo Stock Exchange.
Low supply growth and strong demand drive salmon prices
Low supply growth and strong demand drive salmon prices.
SalMar issues NOK 2.7bn in new equity
New equity issue underscores market access and support of key owner.