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BAKKAo - P/F Bakkafrost News Story

NOK716.6 0.0  0.0%

Last Trade - 06/05/21

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

EARNINGS POLL-Bakkafrost Q4 EBITDA seen down 1 percent

Mon 18th February, 2019 10:21am
* Bakkafrost fourth-quarter results
    * Due on Tuesday, Feb 19
    * Q4 operational EBIT seen at DKK 320 million

    Feb 18 - Following is a table of forecasts for Oslo-listed salmon farming
company  BAKKA.OL  fourth-quarter results, according to a poll of analysts. 
    All figures in millions of DKK, except EPS and Dividend per share which are
in DKK and Harvest volume HOG tonnes which is in kton.
       
 2018:Q4                                                  Yr   Chang        
                    Mean  Median    High     Low  No     Ago      e%  Prev.Q
 Operating           842     878     925     653   6     906   -7.13     622
 revenue                                                              
 EBITDA              373     380     423     324   6     378   -1.19     221
 Operational         320     324     370     271   6     331   -3.32     168
 EBIT                                                                 
 Biomass            0.00    0.00    0.00    0.00   6    -359     n/a     294
 adjustment                                                           
 Revenue           -25.0   -24.0   -24.0   -30.0   6   -1.90  -1215.   -27.5
 tax/other                                                        79  
 EBIT                295     297     346     247   6   -29.3     n/a     434
 EBT                 292     292     344     242   6   -27.2     n/a     434
 Profit for the      228     238     265     180   6   -21.9     n/a     356
 period                                                               
 EPS                4.70    4.90    5.46    3.71   6   -0.45     n/a    7.32
 Harvest volume     12.3    12.3    12.3    12.3   6    11.5    7.24    7.22
 HOG tonnes                                                           
  
 2018                                                     Yr   Chang
                    Mean  Median    High     Low  No     Ago      e%
 Operating         3,269   3,305   3,352   3,080   6   3,770   -13.3
 revenue                                                      
 EBITDA            1,365   1,372   1,415   1,316   6   1,561  -12.57
 Operational       1,164   1,168   1,214   1,115   6   1,378  -15.49
 EBIT                                                         
 Biomass             435     435     435     435   6    -694     n/a
 adjustment                                                   
 Revenue            -115    -114    -113    -121   6   -35.0  -228.5
 tax/other                                                         7
 EBIT              1,485   1,486   1,535   1,436   6     649  128.73
 EBT               1,471   1,471   1,523   1,421   6     624  135.83
 Profit for the    1,195   1,205   1,232   1,147   6     511   133.7
 period                                                       
 EPS                24.6    24.8    25.4    23.6   6    10.5  133.84
 Dividend per       10.3    10.4    10.5    10.0   6    10.5   -1.95
 share                                                        
 Harvest volume     44.7    44.7    45.0    44.7   6    54.6  -18.08
 HOG tonnes                                                   
 Net Debt            317     303     444     219   4     258   22.97
  
 2019                                               
                    Mean  Median    High     Low  No
 Operating         3,572   3,575   3,858   3,210   5
 revenue                                          
 EBITDA            1,718   1,694   1,799   1,643   5
 Operational       1,494   1,458   1,595   1,434   5
 EBIT                                             
 Biomass            0.00    0.00    0.00    0.00   5
 adjustment                                       
 Revenue            -119    -118    -114    -129   5
 tax/other                                        
 EBIT              1,375   1,340   1,479   1,305   5
 EBT               1,361   1,340   1,474   1,257   5
 Profit for the    1,089   1,072   1,208   1,018   5
 period                                           
 EPS                22.5    22.1    24.9    21.0   5
 Dividend per       12.5    12.4    14.0    11.0   4
 share                                            
 Harvest volume     54.7    54.5    55.0    54.5   3
 HOG tonnes                                       
 Net Debt            221     271     294    98.0   3
  
 2020                                               
                    Mean  Median    High     Low  No
 Operating         3,874   4,013   4,157   3,454   5
 revenue                                          
 EBITDA            1,892   1,934   2,010   1,743   5
 Operational       1,655   1,674   1,802   1,535   5
 EBIT                                             
 Biomass            0.00    0.00    0.00    0.00   5
 adjustment                                       
 Revenue            -132    -129    -124    -151   5
 tax/other                                        
 EBIT              1,523   1,523   1,674   1,411   5
 EBT               1,517   1,469   1,673   1,413   5
 Profit for the    1,218   1,190   1,372   1,142   5
 period                                           
 EPS                25.1    24.5    28.2    23.5   5
 Dividend per       12.9    12.0    15.0    11.0   5
 share                                            
 Harvest volume     58.0    59.0    60.0    55.0   3
 HOG tonnes                                       
 Net Debt            110     105     338    -113   3
          
    
ANALYST RECOMMENDATIONS
Of the 6 analysts who disclosed their recommendation on the BAKKAFROST stock, 4
answered Positive and 2 Neutral.
    
- The following brokerages and investment banks participated in the poll:
 Firm                      Outlook
 Sparebank 1 Markets       Hold
 DNB Markets               Hold
 Handelsbanken Capital     Overweight
 Markets                   
 Kepler Cheuvreux          Buy
 Pareto Securities         Buy
 Fearnley Securities       Buy
 
    
Estimates were collected from 2018-12-17 to  2019-02-18
    
Data provided by Infront Data (www.consensusestimates.com)

 (Gdynia Newsroom)
 ((gdynia.newsroom@thomsonreuters.com +48 58 772 0920))
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