Brief: Bakkafrost Reports Operational EBIT Of DKK 103 Mln For Q3 Of 2020

P/F Bakkafrost

10/11/2020 05:11

Nov 10 (Reuters) - P/F Bakkafrost  BAKKA.OL :
    * OPERATIONAL EBIT OF DKK 103 MILLION FOR Q3 OF 2020
    * QTRLY TOTAL HARVESTED VOLUMES WERE 21.6 THOUSAND TONNES
GUTTED
WEIGHT
    * GROUP MADE A PROFIT FOR Q3 2020 OF DKK 176.8 MILLION (DKK
180.9
MILLION)
    * FOR FIRST NINE MONTHS OF 2020, PROFIT WAS DKK 500.5
MILLION
    * TOTAL HARVESTED VOLUMES IN FIRST NINE MONTHS OF 2020 WERE
60,424
TGW
    * IN Q4 2020, GLOBAL HARVEST OF ATLANTIC SALMON IS EXPECTED
TO
INCREASE AROUND 5%, COMPARED TO Q4 2019
    * IN 2021, GLOBAL HARVEST OF SALMON IS EXPECTED TO INCREASE
AROUND
1%, COMPARED TO 2020
    * THERE WILL BE AT TIGHT SUPPLY OF SALMON IN 2021,
ESPECIALLY IN
SECOND HALF OF 2021 ACCORDING TO KONTALI ANALYSE
    * BAKKAFROST WILL HAVE INCREASED HARVEST VOLUMES OF SALMON
IN 2021
(106,500 TONNES COMBINED), COMPARED WITH 2020 (89,000 TONNES).

Source text for Eikon:  ID:nWkr8Mrbwv 
Further company coverage:  BAKKA.OL 

 ((Reuters.Briefs@thomsonreuters.com;))