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Austevoll Seafood ASA
Austevoll Seafood catches and farms fish, then sells salmon, trout, whitefish, and pelagic seafood to customers around the world.
Austevoll Seafood is a Norwegian fishing and fish-farming group that turns wild-caught and farmed seafood into food sold around the world. It operates across several parts of the seafood chain at once: it farms salmon and trout, it owns a fishing fleet that catches wild fish, and it runs fishmeal and fish-oil plants that process small "pelagic" fish like herring and mackerel. Customers range from supermarkets and seafood distributors to food producers who buy its ingredients.
The business is best understood as sitting at two points on the food chain. One arm raises and harvests fish for people to eat, mainly through its salmon-farming operations and its pelagic fishing vessels. The other arm makes the feed ingredient that other fish farms depend on: fishmeal and fish oil. That internal supply loop matters, because fish oil is one of the costliest parts of farmed-salmon production, so owning the source softens price swings that squeeze rivals. Its most important asset is a controlling stake in a major salmon-farming company, which is where a big chunk of profits come from. Austevoll is a holding company as much as an operator, so investors are really buying a basket of fishing and farming businesses run by the same family group. The risk is familiar to anyone in aquaculture: fish prices rise and fall sharply, disease and sea lice can hit harvests, and regulators set strict limits on how much salmon a farm may produce in each region.
Founded in the 1980s and listed on the Oslo exchange, the company has grown by buying up seafood businesses rather than building from scratch, and it pays out a good share of its cash as dividends. So this is not a fast-moving tech story. It is a steady, cyclical seafood supplier whose fortunes track fish prices, feed costs, and the health of its farms.
Saved answer · last researched 14 Nov 2026