Bakkafrost hits top of STOXX on 2026 guidance, cost control development

P/F Bakkafrost

04/11/2025 09:15

** Shares in Bakkafrost BAKKA.OL rise 4.1% after the Oslo-listed fish farmer lifted its 2026 guidance despite reporting weak Q3 figures

** While Q3 operational EBIT and revenue came in below consensus, Kepler says the miss was expected after the sales update reported in October

** The group expects to harvest around 112,000 tonnes gutted weight in 2026, of which 92,000 tonnes in Faroe Islands and around 20,000 tonnes in Scotland

** Kepler says it is 4 and 1% above its estimate and the market's overall expectation, respectively

** "The Faroe Islands showed better cost development, and the guidance for 2026 provides some support," the brokerage concludes

** For 2025, Bakkafrost confirmed its harvest forecast at 104,000 tonnes gutted weight

** The stock is on top of STOXX 600 index .STOXX and if gains hold, it will see its best day since August

 (Reporting by Jagoda Darlak)

 ((Jagoda.Darlak@thomsonreuters.com; +48 58 769 65 40;))