Sea Harvest Group (SHG) Result Snapshot 1H22

Diluted HEPS 64cps (-8.4% y-y)
Turnover growth +28.6% y-y.
GPM decreased by 720bps to 25.0%.
Operating margin decreased by 450bps to 10.6%
Challenging six months driven by quota losses in the South African Fishing segment from the Fishing Rights Allocation Process (FRAP)
South African fishing segment also faced a stronger rand against the Group’s major trading currencies.
CAPEX to fell to 5.5% from 9.4% in 1H21.