Brief: P/F Bakkafrost Reports Loss For Q4 2020 Of DKK 37.7 Mln

P/F Bakkafrost

23/02/2021 05:10

Feb 23 (Reuters) - P/F Bakkafrost  BAKKA.OL :
    * OPERATIONAL EBIT OF DKK 89 MILLION FOR Q4 OF 2020
    * GROUP MADE A LOSS FOR Q4 2020 OF DKK -37.7 MILLION (DKK
219.5
MILLION)
    * TOTAL HARVESTED VOLUMES FOR Q4 2020 WERE 25,262 TONNES
GUTTED
WEIGHT
    * GLOBAL HARVEST OF ATLANTIC SALMON WAS 10.8% HIGHER IN Q4
2020,
COMPARED TO Q4 2019
    * IN 2021, GLOBAL HARVEST OF SALMON IS EXPECTED TO INCREASE
AROUND
2-3%, COMPARED TO 2020
    * DUE TO EFFECTS OF INVENTORY MOVEMENTS, MARKET SUPPLY OF
SALMON
IN 2021 IS EXPECTED TO INCREASE AROUND 5-6%, COMPARED TO 2020.
    * INCREASE IN SUPPLY OF SALMON IN 2021 IS MAINLY EXPECTED TO
OCCUR
DURING FIRST HALF OF YEAR
    * HARVEST VOLUMES FOR 2021 IN FAROE ISLANDS EXPECTED TO BE
66,000
TONNES GUTTED WEIGHT, 40,000 TONNES GUTTED WEIGHT IN SCOTLAND
    * BAKKAFROST'S INVESTMENT PROGRAMME FOR PERIOD FROM 2020 TO
2022
IN FAROE ISLANDS, WILL AMOUNT TO AROUND DKK 1.8 BILLION

Source text for Eikon:  ID:nWkrc0TRFb 
Further company coverage:  BAKKA.OL 

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