Bakkafrost's Q4 EBIT rises on Faroe Islands' gains despite Scotland setbacks

P/F Bakkafrost

09/02/2026 05:14

Overview

Salmon farmer's Q4 operational EBIT rose to DKK 295 mln, driven by Faroe Islands' performance

Scottish operations impacted by mortality event, affecting Q4 results

Company remains focused on cost efficiency and operational stability

Outlook

Bakkafrost expects to harvest around 112,000 tonnes gutted weight in 2026

Company anticipates tighter salmon market from Q2 2026 onwards

Bakkafrost plans to increase smolt production capacity to 24.4 mln in Faroe Islands

Result Drivers

FAROE ISLANDS PERFORMANCE - Strong biological development led to increased biomass and cost efficiency in the Faroe Islands

SCOTTISH CHALLENGES - Scottish operations impacted by mortality event at Portree site, affecting Q4 results

MARKET HEADWINDS - High global salmon supply negatively affected market prices, impacting financial results

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Operational EBIT
DKK 295 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 4 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the fishing & farming peer group is "buy."

Wall Street's median 12-month price target for P/F Bakkafrost is NOK525.00, about 9.2% above its February 6 closing price of NOK480.80

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 17 three months ago

Press Release: ID:nWkr7Lxkm3

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)