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P/F Bakkafrost (BAKKA.OL)

BAKKA.OL on Oslo Stock Exchange

510.50NOK
12 Oct 2018
Change (% chg)

kr16.50 (+3.34%)
Prev Close
kr494.00
Open
kr496.60
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kr512.00
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kr494.00
Volume
108,521
Avg. Vol
104,547
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kr536.00
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kr301.20

Latest Key Developments (Source: Significant Developments)

Salmon farmer Bakkafrost harvested 7,200 tonnes of fish in Q3
Tuesday, 2 Oct 2018 

Oct 2 (Reuters) - P/F Bakkafrost ::HARVEST VOLUMES IN Q3 2018 ARE 7,200 TONNES (6,200 TONNES IN FARMING NORTH REGION, 1,000 TONNES IN FARMING WEST REGION).FEED SALES IN Q3 2018 ARE 23,500 TONNES. HAVSBRUN SOURCED 7,500 TONNES OF RAW MATERIALS IN Q3 2018.FULL Q3 2018 REPORT WILL BE RELEASED ON 6 NOVEMBER 2018.  Full Article

Bakkafrost Says Recorded High Mortality At Farming Site A-81 Kolbanagjógv on Sept 20
Sunday, 23 Sep 2018 

Sept 23 (Reuters) - P/F Bakkafrost ::BAKKAFROST: HIGH MORTALITY AT FARMING SITE A-81 KOLBANAGJÓGV.BAKKAFROST RECORDED ELEVATED MORTALITY LEVEL AT FARMING SITE A-81 KOLBANAGJÓGV ON 20 SEPTEMBER 2018.APPROXIMATELY 750 THOUSAND FISH WITH AN AVERAGE WEIGHT OF 500 GRAMME LIVE WEIGHT DIED WITHIN A COUPLE OF HOURS.HAS NOT BEEN POSSIBLE TO CONFIRM CAUSE OF INCIDENT, BUT ALGAE PHAEOCYSTIS, PSEUDO-NITZSCIA AND HETEROSIGMA WERE REGISTERED IN SEA.CONTINUOUS EXAMINATIONS ARE BEING DONE TO CONFIRM CAUSE OF SUDDEN AND SHORT MORTALITY INCIDENT.ALGAE ARE SUSPECTED TO HAVE CAUSED MORTALITY INCIDENT ON 20 SEPTEMBER 2018.  Full Article

Bakkafrost Q2 operating profit above forecast, raises investments
Tuesday, 21 Aug 2018 

Aug 21 (Reuters) - Fish farmer P/F Bakkafrost ::BAKKAFROST Q2 OPERATIONAL EBIT DKK 407.9 MILLION (REUTERS POLL DKK 387 MILLION)VS DKK 459 MLN IN Q2 2017.BAKKAFROST: GLOBAL HARVEST GROWTH IS EXPECTED TO BE AROUND 6-8 PERCENT IN 2018 VERSUS PREVIOUS VIEW OF 4 PERCENT.BAKKAFROST EXPECTS TO HARVEST 49,000 TONNES IN 2018 (REUTERS POLL 50,400) VERSUS MAY FORECAST 51,000 TONNES.THE REDUCTION IS DUE TO EARLIER HARVEST IN A-13 BORÐOYARVÍK IN Q2 2018 BECAUSE OF PRECAUTIONARY ACTION TO MAINTAIN A GOOD BIOLOGICAL SITUATION.BAKKAFROST: EXPECTS TO RELEASE 13.9 MILLION SMOLTS IN 2018 VERSUS PREVIOUS GUIDANCE OF 13.9 MILLION.HAVSBRÚN'S SALES OF FISH FEED IN 2018 ARE EXPECTED TO BE AT 80,000 TONNES, DEPENDING ON EXTERNAL SALES.OUTLOOK FOR FARMING SEGMENT IS GOOD.BAKKAFROST EXPECTS TO MAKE INVESTMENTS OF AROUND DKK 3 BILLION DURING 2018 TO 2022.WE FORESEE GREAT OPPORTUNITIES FOR DEVELOPMENT IN FUTURE AND TO BE ABLE TO TRANSFER THESE OPPORTUNITIES INTO REALITIES, LARGE INVESTMENTS ARE NEEDED.ACQUISITION OF NORTH LANDING IN USA HAS BEEN CLOSED IN Q3 2018.AIM OF INVESTMENT PROGRAM IS TO MINIMIZE BIOLOGICAL RISK, INCREASE EFFICIENCY AND CREATE SUSTAINABLE ORGANIC GROWTH.MAINTENANCE CAPEX IS INCLUDED IN INVESTMENT PROGRAM.BAKKAFROST HAS SIGNED CONTRACTS COVERING AROUND 12% OF EXPECTED HARVESTED VOLUMES FOR REST OF 2018.GLOBAL SUPPLY GROWTH NEXT THREE QUARTERS EXPECTED TO BE BETWEEN 3-5%.DIVIDEND POLICY IN FUTURE, WHICH IS UNCHANGED ALTHOUGH A NEW INVESTMENT PROGRAM IS ANNOUNCED.  Full Article

Bakkafrost says harvested 12.9 thousand tonnes in Q2
Tuesday, 3 Jul 2018 

July 3 (Reuters) - P/F Bakkafrost ::BAKKAFROST SAYS HARVESTED 12.9 THOUSAND TONNES IN Q2.  Full Article

Bakkafrost Q1 lags forecast as weak-performing sites harvested
Monday, 7 May 2018 

May 7 (Reuters) - Bakkafrost ::BAKKAFROST Q1 OPERATIONAL EBIT DKK 268.2 MILLION (REUTERS POLL DKK 293 MILLION).HARVESTED FISH FROM FARMING SITES WITH WEAKER PERFORMANCE IN Q1 OF 2018, AFFECTING PRODUCTION COSTS NEGATIVELY IN QUARTER.HARVESTED Q1 VOLUMES WERE 12.2 THOUSAND TONNES GUTTED WEIGHT (REUTERS POLL 12.2 THOUSAND TONNES).BAKKAFROST EXPECTS TO HARVEST 51,000 TONNES IN 2018 (REUTERS POLL 51,000) VERSUS FEB FORECAST 51,000 TONNES.BAKKAFROST 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.BAKKAFROST Q1 REVENUES DKK 851 MILLION (REUTERS POLL DKK 783 MILLION).GLOBAL HARVEST GROWTH IS EXPECTED TO BE AROUND 4% IN 2018.REST OF YEAR HARVEST GROWTH IS EXPECTED TO BE AROUND 2%.HAS SIGNED CONTRACTS COVERING AROUND 13% OF EXPECTED HARVESTED VOLUMES FOR REST OF 2018.  Full Article

Bakkafrost harvest volumes in Q1 12.2 thousand tonnes​
Tuesday, 3 Apr 2018 

April 4 (Reuters) - Salmon farmer P/F Bakkafrost ::‍ HARVEST VOLUMES IN Q1 2018 12.2 THOUSAND TONNES vs​.  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

Bakkafrost Q3 EBIT in line, sees drop in 2018 harvest volume
Tuesday, 14 Nov 2017 

Nov 14 (Reuters) - P/F Bakkafrost :Bakkafrost q3 operational ebit DKK ‍251.8​ million (Reuters poll DKK 252 million).‍Bakkafrost's guidance for harvest in 2017 is increased by 1,000 tonnes gutted weight, from 53,500 to 54,500 tonnes gutted weight​.Bakkafrost expects to harvest ‍51,000​ tonnes in 2018 (Reuters poll 57,200).‍expects to release 10.5 million smolts in 2017, compared with 11.7 million smolts in 2016 and 11.3 million smolts released in 2015. The number of smolts released is a key element of predicting Bakkafrost’s future production.‍in 2018, bakkafrost expects to release 13.0 million smolts​.‍sea lice has demanded more effort in q3 2017 than in q3 2016 and will most likely postpone some harvest quantity from q4 2017 to q1 2018​.‍we still have a good outlook for salmon market, but there is a risk for lower salmon prices in future​.Bakkafrost q3 revenues dkk 804‍​ million (Reuters poll dkk 737 million).The latest update from Kontali Analyse estimates the global supply of Atlantic salmon to increase around 2% in 2017 and 7-8% in 2018, compared to minus 6% in 2016.  Full Article

Bakkafrost expects 2017 harvest volumes to be reduced by 2,000 tonnes
Friday, 17 Mar 2017 

P/F Bakkafrost : As a precautionary action, Bakkafrost has decided to harvest the remaining fish at A-73 Hvannasund Norður. . The accelerated harvest is expected to be finished by the end of April 2017. . Farming site A-73 Hvannasund Norður presently holdsapproximately 1.0 million fish with an average weight of 3.2 kg whole fish equivalent. . Consequently, the expected harvest volumes for 2017 will be reduced by around 2,000 tonnes gutted weight. .The ISA suspicion has not been confirmed, but the farming site A-73 Hvannasund Norður is still under increased surveillance..  Full Article

Norwegian salmon price seen up 1-2 crowns to 55-57 crowns next week

OSLO, Oct 12 The price for Norwegian farmed salmon is expected to rise 1-2 crowns to 55-57 crowns per kilo next week for deliveries in Oslo, two industry sources told Reuters on Friday.