Bakkafrost drops after Q2 profit miss, as Scotland weighs

P/F Bakkafrost

31/08/2026 08:47

** Shares in Bakkafrost BAKKA.OL fall 6.7% after the fish farmer reported Q2 operational EBIT about 35% below market expectations, as continued weakness in Scotland offset strong performance in the Faroe Islands
** The Faroes-based company's Q2 operational EBIT rises to 273 million Danish crowns ($42.3 million), from 65 million a year ago, but misses an LSEG consensus of 421 million crowns
** The miss reflects continued weakness in Scotland, where operational EBIT was a loss of 139 million crowns, hit by low harvest volumes and biological challenges
** Bakkafrost says higher global salmon supply and inventory movements weighed on prices, which fell sharply from the first quarter of the year
** Shares are on track for their worst day in a month if the losses hold and down about 10% YTD
($1 = 6.4504 Danish crowns)

(Reporting by Jesus Calero)
((jesus.calero@thomsonreuters.com))