Posts Tagged ‘Bakkafrost’
Bakkafrost bullish on Q3 results
Faroese fish farmer Bakkafrost, owners of the Scottish Salmon Company, today announced a third quarter EBIT of 102.7 million Danish kroner (DKK) (£12m) during what has been a difficult period for salmon farmers. Comparisons with Q3 2019 do not apply this time because during that period SSC was not an integral part of the group.…
Read MoreSSC boost for Bakkafrost
The Scottish Salmon Company (SSC) looks set to produce 10,500 tones of salmon during the third quarter of this, its new owner Bakkafrost says. That is almost as much as the company’s Faroe Islands operation is set to harvest in the three months between June and September. In a trading update Bakkafrost said its three…
Read MoreBakkafrost cites \’covid uncertainty\’ as dividend pulled.
Despite an equity ratio of 69 per cent, Bakkafrost has decided to forgo paying a dividend for 2019 because of the continued uncertainty surrounding Covid-19. The Faroese fish farming group said after unveiling its 2020 second quarter results yesterday that its financial position remained strong with a solid balance sheet, a competitive operation and available…
Read MoreBakkafrost cites \’covid uncertainty\’ as dividend pulled.
Despite an equity ratio of 69 per cent, Bakkafrost has decided to forgo paying a dividend for 2019 because of the continued uncertainty surrounding Covid-19. The Faroese fish farming group said after unveiling its 2020 second quarter results yesterday that its financial position remained strong with a solid balance sheet, a competitive operation and available…
Read MoreBakkafrost reports \’positive Q2\’ despite EBIT drop
The Bakkafrost Group today reported a positive performance from all of its activities during the second quarter of this year despite the financial impact of Covid-19 – with the Scottish Salmon Company, its new acquisition, playing a strong role. The Faroese salmon farmer delivered a total operating EBIT of 181.9 million Danish kroner (DKK) (£22…
Read MoreBakkafrost reports \’positive Q2\’ despite EBIT drop
The Bakkafrost Group today reported a positive performance from all of its activities during the second quarter of this year despite the financial impact of Covid-19 – with the Scottish Salmon Company, its new acquisition, playing a strong role. The Faroese salmon farmer delivered a total operating EBIT of 181.9 million Danish kroner (DKK) (£22…
Read MoreBakkafrost chief to co-head Global Salmon Initiative
BAKKAFROST chief executive Regin Jacobsen is to become co-chairman of the Global Salmon Initiative, working alongside Gerardo Balbontin, head of the Chilean aquaculture and fishing company Blumar Seafoods. The announcement was made by the GSI in London this week. Jacobsen, who master-minded Bakkafrost’s purchase of the Scottish Salmon Company last year, said the GSI was…
Read MoreBakkafrost reports strong Q2 harvest
FOLLOWING a difficult start to the year Bakkafrost, the Faroese and now Scottish salmon farming business, is forecasting a strong recovery in the second quarter (March to June) of 2019. It has also seen an upsurge in feed sales. In its latest trading update, it says the harvest, (heads on gutted equivalent) from farming region…
Read MoreBakkafrost orders new wellboat
BAKKAFROST has ordered a new carbon friendly wellboat with a capacity to hold 1,000 tonnes of salmon. The Faroe Islands fish farmer says the investment is part of the company’s strategy to produce large quantities of sustainably farmed fish. Designed by the leading Danish company Knud E, Hansen and to be built at the Sefine…
Read MoreBakkafrost reports Q1 loss despite SSC earnings boost
THE Scottish Salmon Company (SSC) helped Bakkafrost, its new owner, deliver a first quarter EBIT (earnings before interest and tax) of 248.1 million Danish kroner (£29-million) during the first three months of this year in what it describes as a \’challenging period due to Covid-19\’. The Faroese salmon farming company acquired SSC in a £500-million…
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