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P/F Bakkafrost (BAKKA.OL)

BAKKA.OL on Oslo Stock Exchange

546.50NOK
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Latest Key Developments (Source: Significant Developments)

Bakkafrost Says Feed Sales In Q2 18.9 Thousand Tonnes
Tuesday, 2 Jul 2019 

July 2 (Reuters) - P/F Bakkafrost ::BAKKAFROST: Q2 2019 TRADING UPDATE.FEED SALES IN Q2 2019 ARE 18.9 THOUSAND TONNES.HARVEST VOLUMES FOR FARMING NORTH 7.9 THOUSAND TONNES IN Q2.HARVEST VOLUMES IN Q2 FOR FARMING WEST 4.7 THOUSAND TONNES.  Full Article

Bakkafrost Q1 Operational EBIT DKK 267.7 Mln, Misses Estimates
Monday, 6 May 2019 

May 6 (Reuters) - P/F Bakkafrost ::OPERATIONAL EBIT OF DKK 268 MILLION FOR THE FIRST QUARTER OF 2019.BAKKAFROST Q1 OPERATIONAL EBIT DKK 267.7 MILLION (REUTERS POLL DKK 316 MILLION).Q1 HARVESTED VOLUMES WERE 13.7 THOUSAND TONNES GUTTED WEIGHT.ACHIEVED PRICES IN Q1 WERE LOWER THAN IN Q1 2018, AND THUS HAD A NEGATIVE EFFECT ON OPERATIONAL EBI.BAKKAFROST EXPECTS TO HARVEST 54,500 TONNES IN 2019 (REUTERS POLL 54.8 KTON) VERSUS FEB FORECAST 54,500 TONNES.DISRUPTED MARKET BALANCE FROM Q4 2018 INTO Q1 2019 RESULTED IN A WEAKER THAN EXPECTED RESULT IN FARMING SEGMENT IN FIRST PART OF Q1.BIOLOGICAL DEVELOPMENT WAS VERY POSITIVE DURING Q1 2019..LONG-TERM GOAL OF BOARD OF DIRECTORS IS THAT 30-50% OF EARNINGS PER SHARE SHALL BE PAID OUT AS DIVIDEND.AVERAGE SALMON SPOT PRICE INCREASED AROUND NOK 2.40 IN Q1 2019, COMPARED WITH Q1 2018.BAKKAFROST Q1 OPERATING REVENUES DKK 963.7 MILLION (REUTERS POLL DKK 861 MILLION).GLOBAL HARVEST GROWTH IS EXPECTED TO BE AROUND 5-7% FOR 2019, FOLLOWED BY A REDUCTION IN GROWTH RATE FROM Q1 2020.EXPECTS TO HARVEST 54,500 TONNES GUTTED WEIGHT IN 2019..EXPECTS TO RELEASE 13.5 MILLION SMOLTS IN 2019, COMPARED WITH 12.5 MILLION SMOLTS IN 2018.Q1 PROFIT DKK 212.8 MILLION (REUTERS POLL DKK 216 MILLION).AIMS AT BEING SELF-SUPPLIED WITH 500 GRAMS SMOLTS BY 2021.INVESTMENT PROGRAM FOR PERIOD FROM 2018 TO 2022 WILL AMOUNT TO DKK 3 BILLION, INCLUDING MAINTENANCE CAPEX.  Full Article

Bakkafrost Appoints Høgni D. Jakobsen New CFO
Friday, 15 Feb 2019 

Feb 15 (Reuters) - P/F Bakkafrost ::BAKKAFROST: NEW CFO APPOINTED.HØGNI D. JAKOBSEN HAS BEEN APPOINTED AS NEW CFO IN BAKKAFROST AND WILL TAKE UP POSITION FROM 1 APRIL 2019.  Full Article

Bakkafrost Says CFO Resigns
Sunday, 13 Jan 2019 

Jan 13 (Reuters) - P/F Bakkafrost ::BAKKAFROST: CFO RESIGNS.P/F BAKKAFROST - BAKKAFROST'S CFO, GUNNAR NIELSEN, HAS NOTIFIED COMPANY THAT HE RESIGNS FROM HIS POSITION.P/F BAKKAFROST - AGREED WITH MR. NIELSEN THAT HE WILL STAY WITH CO AND PROVIDE ASSISTANCE TO UNTIL NEW CFO IS HIRED, TO ENSURE A SMOOTHLY TRANSITION.P/F BAKKAFROST - WILL PROMPTLY START PROCESS OF RECRUITING NIELSEN'S REPLACEMENT.  Full Article

Russia blocks some Bakkafrost salmon imports
Friday, 16 Nov 2018 

Nov 16 (Reuters) - P/F Bakkafrost ::TEMPORARY CLOSURE OF FO 125 GLYVRAR TO EXPORT TO RUSSIA.RUSSIAN AUTHORITIES ROSSELKHOZNADZOR HAVE IMPOSED RESTRICTIONS ON IMPORT FROM AUT 125 GLYVRAR.STATED REASON IS FOUND OF SOME BACTERIA IN A SAMPLE OF OFF CUTS, THAT WAS IMPORTED TO RUSSIA.FAROESE FOOD AUTHORITIES HEILSUFRØÐISLIGA STARVSSTOVA WILL INSPECT AND GO THROUGH ALL DOCUMENTATION AT FACTORY AUT 125 TODAY AND RESPOND TO RUSSELKOZNADOR NEXT WEEK.CONSEQUENCE OF ISSUE IS THAT EXPORT OF OFF CUTS TO RUSSIA FROM AUT 125 GLYVRAR WILL STOP FROM 23 NOVEMBER 2018 UNTIL FURTHER DECISION HAS BEEN TAKEN.WILL BE ABLE TO REALLOCATE OUR SALES TO OTHER MARKETS.  Full Article

Bakkafrost CEO: September fish death cuts 2019 output by 4,000 tonnes of salmon
Tuesday, 6 Nov 2018 

Nov 6 (Reuters) - P/F Bakkafrost ::BAKKAFROST CEO: DEATH OF 700,000 FISH IN SEPTEMBER WITH AVERAGE WEIGHT OF 500 GRAMME CORRESPONDS TO LOST HARVEST OF ABOUT 4,000 TONNES IN 2019.  Full Article

Bakkafrost Q3 operational EBIT lags; cuts 2018 output forecast
Tuesday, 6 Nov 2018 

Nov 6 (Reuters) - P/F Bakkafrost ::Q3 OPERATIONAL EBIT DKK 168 MILLION (REUTERS POLL DKK 190 MILLION).BAKKAFROST EXPECTS TO HARVEST 46,000 TONNES IN 2018 (REUTERS POLL 48,600) VERSUS AUG FORECAST 49,000 TONNES.GLOBAL HARVEST GROWTH IS EXPECTED TO BE AROUND 7 PERCENT IN 2018 VERSUS PREVIOUS VIEW OF 6-8 PERCENT.SUPPLY OF ATLANTIC SALMON WILL BE TIGHT IN 2019, AS GLOBAL SUPPLY IN 2019 IS ESTIMATED TO INCREASE AROUND 4%, COMPARED TO ESTIMATED SUPPLY IN 2018.EXPECTS TO RELEASE 12.9 MILLION SMOLTS IN 2018 VERSUS PREVIOUS GUIDANCE OF 13.9 MILLION.HAS POSTPONED 1 MILLION SMOLTS FROM EXPECTED SMOLT RELEASE IN Q4 2018 TO Q1 2019.Q3 REVENUES DKK 622 MILLION (REUTERS POLL DKK 560 MILLION).OUTLOOK FOR FARMING SEGMENT IS GOOD.GLOBAL HARVEST OF ATLANTIC SALMON IN Q4 2018 IS EXPECTED TO INCREASE 1.4%, COMPARED TO Q4 2017.ESTIMATES FOR HARVEST VOLUMES AND SMOLT RELEASES ARE DEPENDENT ON BIOLOGICAL DEVELOPMENT.HAS SIGNED CONTRACTS COVERING AROUND 12% OF EXPECTED HARVESTED VOLUMES FOR REST OF 2018.PRESENTLY NEGOTIATING NEW CONTRACTS FOR 2019. BAKKAFROST'S LONG-TERM STRATEGY IS TO SELL AROUND 40-50% OF HARVESTED VOLUMES OF SALMON AS VAP PRODUCTS AT FIXED PRICE CONTRACTS.CONTRACTS LAST FOR 6 TO 12 MONTHS.HAVSBRÚN'S SALES OF FISH FEED IN 2018 ARE EXPECTED TO BE AT 80,000 TONNES, DEPENDING ON EXTERNAL SALES. SALES OF FISH FEED IN 2019 ARE EXPECTED TO BE AROUND 85,000 TONNES.STRATEGY AND INVESTMENT PROGRAM WILL BE PRESENTED AT BAKKAFROST'S CAPITAL MARKETS DAY ON 12 JUNE 2019.  Full Article

Bakkafrost CEO expects strong salmon prices going forward
Tuesday, 21 Aug 2018 

Aug 21 (Reuters) - CEO REGIN JACOBSEN IN SALMON FARMER BAKKAFROST GAVE THE FOLLOWING COMMENTS ON THE Q2 PRESENTATION::BAKKAFROST CEO REGIN JACOBSEN: A LARGE PART OF THE GLOBAL GROWTH IN SALMON FARMING FOR 2018 IS BEHIND US, WE ACTUALLY SEE STRONG SIGNS IN THE MARKET AND A STRONG PRICE SITUATION.BAKKAFROST CEO: TARGETS 60-62 CROWNS PER KILO FOR NEW CONTRACTS IN SALMON.IN SPOT MARKET SALMON PRICES HAVE VARIED BETWEEN NOK 56 TO NOK 80 PER KILO IN THE SECOND QUARTER, BUT IS CURRENTLY BELOW NOK 50 PER KILO.ON FISH POOL FORWARD PRICES ON SALMON CONTRACTS ARE IN THE LOW 50'S PER KILO FOR AUGUST AND SEPTEMBER AND NOK 60 OR ABOVE FOR THE REST OF THE YEAR AND INTO 2019.  Full Article

Bakkafrost Q4 core profit, 2017 dividend beat forecast, net earnings slip
Tuesday, 20 Feb 2018 

Feb 20 (Reuters) - Bakkafrost ::BAKKAFROST Q4 OPERATIONAL EBIT DKK ‍331.2​ MILLION (REUTERS POLL DKK 216 MILLION).BAKKAFROST PROPOSES DIVIDEND OF DKK ‍10.50​ PER SHARE FOR 2017 (REUTERS POLL DKK 9.2).FAIR VALUE ADJUSTMENT DKK -358.7 MILLION IN Q4‍​.BAKKAFROST Q4 NET LOSS DKK 21.9 MILLION (REUTERS POLL PROFIT DKK 160 MILLION).BAKKAFROST EXPECTS TO HARVEST ‍51,000​ TONNES IN 2018 (REUTERS POLL 50,900) VERSUS NOVEMBER FORECAST 51,000 TONNES.‍EXPECTS TO RELEASE 13.9 MILLION SMOLTS IN 2018, COMPARED WITH 9.9 MILLION SMOLTS IN 2017 AND 11.7 MILLION SMOLTS RELEASED IN 2016​.‍AIMS AT BEING SELF-SUPPLIED WITH 500 GRAMS SMOLTS IN 2020​.‍HAS SIGNED CONTRACTS COVERING AROUND 14% OF EXPECTED HARVESTED VOLUMES FOR 2018​.‍CONTRACT COVERAGE IS REDUCED, COMPARED TO PREVIOUS YEAR, BECAUSE SOME CONTRACTS WERE NOT RENEWED IN Q4 2017​.‍LONG-TERM STRATEGY IS TO SELL AROUND 40-50% OF HARVESTED VOLUMES OF SALMON AS VAP PRODUCTS AT FIXED PRICE CONTRACTS​.‍HAVSBRÚN'S SALES OF FISH FEED IN 2018 ARE EXPECTED TO BE AT 85,000 TONNES, DEPENDING ON EXTERNAL SALES​.‍TO FURTHER FOCUS ON STRENGTHENING GROUP, M&A'S, ORGANIC GROWTH OPPORTUNITIES AND TO FULFIL ITS DIVIDEND POLICY​.‍COMBINED FARMING AND VAP SEGMENTS MADE AN OPERATIONAL EBIT OF DKK 265.4 MILLION​.BAKKAFROST Q4 REVENUES DKK 906.1‍​ MILLION (REUTERS POLL DKK 686 MILLION).  Full Article

Bakkafrost harvested 11,400 tonnes of fish in Q4
Wednesday, 3 Jan 2018 

Jan 3 (Reuters) - P/F Bakkafrost ::‍HARVEST VOLUMES IN Q4 2017 ARE 11.4 THOUSAND TONNES, ALL OF IT FROM FARMING WEST (NONE FROM FARMING NORTH)​.‍FEED SALES IN Q4 2017 ARE 19.0 THOUSAND TONNES. HAVSBRÚN SOURCED 51.3 THOUSAND TONNES OF RAW MATERIALS IN Q4 2017​.‍FULL Q4 2017 REPORT WILL BE RELEASED ON 20 FEBRUARY 2018​.  Full Article

Salmon farming firm Mowi beats second quarter forecast; rivals Grieg, Leroey lag

OSLO Mowi , the world's largest fish farming company, posted on Wednesday a stronger-than-expected earnings for the second quarter amid lower costs and high demand for salmon.