Brief: Aker Biomarine Revises 2021 Outlook

Aker Biomarine ASA

09/09/2021 09:26

Sept 9 (Reuters) - Aker Biomarine ASA  AKBM.OL :
    * COMPANY UPDATE AND REVISED 2021 OUTLOOK
    * 2021 HARVESTING SEASON HAS BEEN DISAPPOINTING, AND
SIGNIFICANTLY
LOWER VOLUMES IMPACT OUR SALES
    * HARVESTING HAS BEEN SLOW IN 2021 DUE TO LOW KRILL
AVAILABILITY
IN SUB-AREA 48.3, AND CHALLENGING ICE CONDITIONS IN AUGUST AND
SEPTEMBER IN SUB-AREA 48.2.
    * EXPECTS OFFSHORE KRILL PRODUCTION VOLUMES IN 2021 TO BE
AROUND
40,000-45,000 MT, DEPENDING ON Q4 CATCH
    * WITH UPDATE ABOVE, COMPANY REVISES ITS OUTLOOK FOR 2021
    * REVENUE IS EXPECTED TO COME IN SOMEWHAT BELOW LAST YEAR'S
LEVEL
AND WITH AN ADJUSTED EBITDA MARGIN OF 15%-17%
    * ANNUAL SALES ARE EXPECTED TO BE LOWER THAN PREVIOUS
ESTIMATE.

Source text for Eikon:  ID:nObiL5SBBa 
Further company coverage:  AKBM.OL 

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