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BAKKAo - P/F Bakkafrost News Story

NOK731.2 0.0  0.0%

Last Trade - 07/05/21

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

BRIEF-Fish farmer Bakkafrost sees lower harvest next year

Tue 3rd November, 2015 5:48am
Nov 3 (Reuters) - Bakkafrost  BAKKA.OL : 
    * Bakkafrost Q3 operational EBIT DKK 206 million (Reuters 
poll DKK 248 million) 
    * Says expects to harvest 50,000 tonnes gutted weight in 
2015 (poll 50,000) 
    * Says expects to harvest 48,000 tonnes gutted weight in 
2016 (poll 51,500) and expects to release 10.5 million pieces of 
smolt in 2016 
    * Says the total volumes harvested in Q3 2015 were 12,982 
tonnes gutted weight, which is an increase of 19 pct, compared 
with Q3 2014 
    * Says global demand in salmon market continues with strong 
growth rates 
    * Says outlook for market remains tight because of none 
expected supply growth in 2016 
    * Says expects global supply growth in 2015 is around 4 pct 
and 0 pct in 2016 
    * Says investments in 2015 are expected to be DKK550 million 
 
Further company coverage:  BAKKA.OL  
 
 (Reporting By Stine Jacobsen) 
 ((stine.jacobsen@thomsonreuters.com;))
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