Posts Tagged ‘The Scottish Salmon Company’
Cabinet Secretary pays tribute to fish farmers
Cabinet Secretary Fergus Ewing has paid tribute to Scotland’s fish farming workers for keeping the supply of fresh salmon, trout and shellfish reaching UK supermarkets. While the sector has been adapting its operations from farm to factory to protect workers’ health, the effort to deliver fresh salmon has continued. Fergus Ewing acknowledged the…
Read MoreBakkafrost Q1 harvest down by almost quarter
BAKKAFROST has announced that its first quarter harvest volumes from its Faroe Islands salmon operations will be down almost a quarter this year. The figure (head on, gutted) is set at 10,700 tonnes, compared to 13,700 tonnes for Q1 2019. No formal explanation has been given but in late February severe storms hit the island archipelago, causing considerable damage to…
Read MoreScottish Salmon Co boost for Bakkafrost Q4
BAKKAFROST today spoke about an exciting future ahead following its acquisition of the Scottish Salmon Company five months ago. The Faroese salmon farmer delivered significantly improved results for the final quarter of 2019, which includes SSC’s contribution from October 8, the date when consolidation was completed. The total operating EBIT (earnings before interest and tax) totalled 415.3…
Read MoreCommunity grant is boost for brigade
THE 1st Stornoway Girls Brigade will be able to make an even bigger impact with their drama productions after receiving funding for new sound equipment from the Scottish Salmon Company (SSC). The brigade, of more than 40 girls from P1 to S6, meets weekly, taking part in a range of activities to develop their confidence…
Read MoreBakkafrost shares soar after SSC deal
BAKKAFROST share prices have climbed by more than 20 per cent since it bought the Scottish Salmon Company (SSC) three months ago. They were being quoted on the Oslo Stock Exchange seafood index yesterday at NOK 693 (£60 plus) per share, with predictions they could touch NOK 700 shortly. The share price was under NOK 500 less…
Read MoreScottish Salmon Company secures £100m growth package
THE Scottish Salmon Company, recently acquired by the Faroese aquaculture group Bakkafrost, has secured a £100 million refinancing package to help move the business forward over the next five years. In a financial announcement last night it said: ‘The Scottish Salmon Company PLC is pleased to announce that its wholly owned subsidiary, the Scottish Salmon Company…
Read MoreAnderson leaves SSC in Bakkafrost shake-up
CRAIG Anderson, CEO of the Scottish Salmon Company for the past six years, is to stand down, following Bakkafrost’s recent purchase of the firm. He will be replaced by the managing director of the Faroese producer’s Havsbrun site, Odd Eliasen, effective immediately. Eliasen has broad experience in the fish farming industry and has been active…
Read MoreBakkafrost secures £296m in credit pledges
BAKKAFROST today announced it has secured two credit facilities for a total of up to 352 million euros (£296 million), partly to help finance its recent acquisition of the Scottish Salmon Company. The deal, which kicks in this month, comes in the form of a binding agreement between the Faroese salmon farmer and the lenders.…
Read MoreScottish Salmon Company in awards hat-trick
THE Scottish Salmon Company (SSC) has won three categories at the Highlands and Islands Food and Drink Awards, held last week. The company picked up top prizes for Business Growth, Export and Marketing at the ceremony in Inverness in recognition of its performance over the past 12 months. The SSC has posted record results in…
Read MoreGood VIBES for eco conscious salmon farmers
TWO Scottish salmon farmers have been recognised in this year’s VIBES Scottish Environment Business Awards, which are given to organisations that contribute to sustainable development. The Scottish Salmon Company (SSC) won the Partnership Scotland Award, along with its collaborators in the Outer Hebrides Local Energy Hub (OHLEH) project. Together with Pure Energy Centre (PEC), Community…
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