NOK660 0.0 0.0%
Last Trade - 12/04/21
Market Cap | £3.25bn |
Enterprise Value | £3.50bn |
Revenue | £542.0m |
Position in Universe | 175th / 1831 |
** Shares in Oslo-listed salmon farmer Bakkafrost BAKKA.OL slump over 8% after Q4 results impacted by COVID-19 ** Posts Q4 EBIT falling 77% to DKK 69.2 million ($11.31 million) and a bottom line loss of DKK 37.7 million versus a profit of DKK 219.5 million reported a year ago ** "This has been yet another quarter marked by the COVID-19 pandemic which has depressed the global market for salmon," Bakkafrost CEO says ** The company proposes a dividend of DKK 3.65 per share, down from DKK 8.31 paid for 2019 ** Commenting on 2021, the company flags global harvest of salmon is expected to be up around 2-3% with market supply rising 5-6% year-on-year due to the effects of inventory movements ** Bakkafrost stock, which is on track on its worst day in nearly a year, is among worst performers on pan-European STOXX 600 .STOXX and Oslo blue-chip index ($1 = 6.1164 Danish crowns) ((marta.frackowiak@thomsonreuters.com))