Outside on top of the grieg building.
Reports / April 19 2016

Annual Report 2015


Grieg Group is well prepared for the future, but a tough shipping market and challenges in the seafood segment made 2015 a difficult year for the Group’s largest companies. At the same time several of the smaller companies are performing well.

Result before tax and write-downs was a loss of NOK 48 mill., and a loss of NOK 456 mill. for the Group after write-downs and loss provisions.

– We are seeing more positive signs in the figures and future, says CEO of the parent company Grieg Maturitas AS, Wenche Kjølås, showing an operating profit before write-downs of NOK 228 mill., with an underlying positive operation and cash flow from the companies.

Grieg Star’s main activity area, Open Hatch, has performed far better than the market. In Grieg Seafood a strong salmon market and extensive organizational and production-related measures towards the end of the year, give confidence in future positive development. The challenges for the two largest companies in the Group are somewhat outweighed by the fact that Grieg Logistics (NOK 13 mill.), Grieg Investor (NOK 16 mill.), Grieg Property (NOK 16 mill.),

Grieg Shipbrokers (NOK 8 mill.), Grieg Green (NOK 5,5 mill) and Ryfylke Rensefisk (NOK 23 mill.) reports a profit before tax in 2015.

Related Reports

Reports archive