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BAKKAo - P/F Bakkafrost News Story

NOK731.2 14.6  2.0%

Last Trade - 2:04pm

Sector
Consumer Defensives
Size
Large Cap
Market Cap £3.65bn
Enterprise Value £3.90bn
Revenue £543.7m
Position in Universe 160th / 1836

Bakkafrost raises 2019 output forecast after Q4 miss

Thu 3rd January, 2019 6:36am
OSLO, Jan 3 (Reuters) - Fish farmer Bakkafrost  BAKKA.OL 
produced less salmon in the fourth quarter than previously
planned, while increasing its 2019 output forecast by a similar
amount, an update by the Oslo-listed company showed on Thursday.
    Salmon production for the October-December quarter rose by
eight percent year-on-year to 12,300 tonnes, lagging the
company's forecast from early November of about 13,600 tonnes.
    In 2019, Bakkafrost now expects output to rise by 22 percent
year on year to 54,500 tonnes, up from 53,000 tonnes seen
previously.

 (Reporting by Terje Solsvik, editing by Ole Petter Skonnord)
 ((terje.solsvik@thomsonreuters.com; +47 918 666 70; Reuters
Messaging: terje.solsvik.thomsonreuters.com@reuters.net))
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