Brief: P/F Bakkafrost Reports Total Operating EBIT Of DKK 407.5 Mln In Q2 2021

P/F Bakkafrost

24/08/2021 05:10

Aug 24 (Reuters) - P/F Bakkafrost  BAKKA.OL :
    * TOTAL OPERATING EBIT OF DKK 407.5 MILLION IN Q2 2021
    * QTRLY TOTAL HARVESTED VOLUMES WERE 28.2 THOUSAND TONNES
GUTTED
WEIGHT
    * FOR H1 2021, PROFIT WAS DKK 835.9 MILLION
    * GROUP MADE A PROFIT FOR Q2 2021 OF DKK 428.1 MILLION
    * IN TOTAL, 5.2 MILLION (5.8 MILLION) SMOLTS WERE
TRANSFERRED
DURING Q2 2021
    * GROUP HAS BEEN IMPACTED BY MARKET DISRUPTION FROM COVID-19
FROM
LATE Q1 2020
    * NET INTEREST-BEARING DEBT AMOUNTED TO DKK 1,903 MILLION AT
END
OF Q2 2021, COMPARED TO DKK 1,753 MILLION AT YEAR-END 2020
    * BAKKAFROST EXPECTS TO RELEASE AROUND 14.5 MILLION SMOLTS
IN 2021
IN FAROE ISLANDS, COMPARED TO 14.3 MILLION SMOLTS IN 2020
    * SMOLT RELEASE IN SCOTLAND IS EXPECTED TO BE 11.0 MILLION
SMOLTS
IN 2021, COMPARED TO 10.4 MILLION SMOLTS IN 2020
    * HARVEST VOLUMES FOR 2021 IN FAROE ISLANDS ARE EXPECTED TO
BE
66,000 TONNES GUTTED WEIGHT AND 40,000 TONNES GUTTED WEIGHT IN
SCOTLAND
    * 2021 TOTAL HARVEST VOLUME IS EXPECTED TO BE 106,000 TONNES
GUTTED WEIGHT, COMPARED WITH 85,686 TONNES HARVESTED IN 2020
    * BAKKAFROST EXPECTS A DECREASE IN PRODUCTION VOLUMES OF
FISHMEAL
AND FISH OIL IN 2021, COMPARED TO 2020
    * HAVSBRÚN'S SALES OF FISH FEED FOR 2021 IS EXPECTED TO BE
120,000
TONNES, DEPENDING ON EXTERNAL SALES

Source text for Eikon:  ID:nWkr9FmZwG 
Further company coverage:  BAKKA.OL 

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