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BAKKAo - P/F Bakkafrost News Story

NOK731.2 0.0  0.0%

Last Trade - 07/05/21

Consumer Defensives
Large Cap
Market Cap £3.53bn
Enterprise Value £3.80bn
Revenue £529.9m
Position in Universe 163rd / 1832

BRIEF-Bakkafrost Q1 operating earnings beat forecasts

Tue 12th May, 2015 5:00am
OSLO, May 12 (Reuters) - Bakkafrost  BAKKA.OL  
    * Bakkafrost q1 operational ebit dkk 235 million (Reuters 
poll dkk 176 million) 
    * Expects to harvest 49,000-51,000 tonnes in 2015 versus feb 
estimate 49,000-51,000 (poll 49,600) 
    * Forecast for smolt release in 2015 is 10.4 million pieces 
    * Global supply growth is expected to be limited in 2015 to 
around 5% and only 2-4% in 2016 
    * A high equity ratio with the Group's bank financing and 
issuance of bonds makes Bakkafrost's financial situation strong. 
This enables Bakkafrost to carry out its investment plans to 
further focus on strengthening the Group, M&A, organic growth 
opportunities and fulfil its dividend policy in the future 
Source text for Eikon:  ID:nObiKZmywa  
Further company coverage:  BAKKA.OL  
 (Reporting By Terje Solsvik) 
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