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P/F Bakkafrost (BAKKA.OL)

BAKKA.OL on Oslo Stock Exchange

466.00NOK
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kr0.60 (+0.13%)
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kr465.40
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Volume
8,871
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122,739
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Latest Key Developments (Source: Significant Developments)

Bakkafrost expects 40% harvest growth by 2023
Wednesday, 12 Jun 2019 

June 12 (Reuters) - Bakkafrost ::BAKKAFROST SAYS 40% HARVEST GROWTH EXPECTED 2019-2023, SEES PRODUCTION VOLUME GROWING BY 22,000 TONNES TO AROUND 76,000 TONNES.BAKKAFROST SAYS INVESTMENTS 2019-2022 WILL AMOUNT TO AROUND DKK 2.5 BILLION.  Full Article

Fish farmer Bakkafrost's Q1 production was 13,700 tonnes
Tuesday, 2 Apr 2019 

April 2 (Reuters) - P/F Bakkafrost ::BAKKAFROST Q1 PRODUCTION 13.7 THOUSAND TONNES.FEED SALES IN Q1 2019 ARE 16.3 THOUSAND TONNES. HAVSBRÚN SOURCED 114.0 THOUSAND TONNES OF RAW MATERIALS IN Q1 2019.FULL Q1 2019 REPORT WILL BE RELEASED ON 6 MAY 2019 AT 06:00 CET.  Full Article

P/F Bakkafrost Says Co's Production Facility At Glyvrar, Aut. no. Fo 125 Glyvrar, Will Be Open To Export To Russia From Today
Friday, 22 Feb 2019 

Feb 22 (Reuters) - P/F Bakkafrost ::P/F BAKKAFROST SAYS RUSSIAN AUTHORITIES ROSSELKHOZNADZOR HAVE TODAY LIFTED RESTRICTIONS FOR AUT. NO. FO 125 GLYVRAR TO RUSSIA TODAY.P/F BAKKAFROST - BAKKAFROST'S PRODUCTION FACILITY AT GLYVRAR, AUT. NO. FO 125 GLYVRAR, WILL BE OPEN TO EXPORT TO RUSSIA FROM TODAY, 22 FEBRUARY 2019.  Full Article

Bakkafrost Q4 core profit lags forecast
Tuesday, 19 Feb 2019 

Feb 19 (Reuters) - P/F Bakkafrost ::BAKKAFROST Q4 OPERATIONAL EBIT DKK 231 MILLION (REUTERS POLL DKK 320 MILLION).BAKKAFROST EXPECTS TO HARVEST 54,500 TONNES IN 2019 (REUTERS POLL 54,700) VERSUS JAN FORECAST 54,500.EXPECTS TO RELEASE 13.5 MILLION SMOLTS IN 2019, COMPARED WITH 12.5 MILLION SMOLTS IN 2018 AND 9.9 MILLION SMOLTS IN 2017.OUTLOOK FOR FARMING SEGMENT IS GOOD. ESTIMATES FOR HARVEST VOLUMES AND SMOLT RELEASES ARE DEPENDENT ON BIOLOGICAL DEVELOPMENT.BAKKAFROST: GLOBAL HARVEST GROWTH IS EXPECTED TO BE AROUND 4-6 PERCENT IN 2019 VERSUS NOV VIEW OF 4 PERCENT.GLOBAL HARVEST OF ATLANTIC SALMON IN Q1 2019 IS EXPECTED TO INCREASE AROUND 5%, COMPARED TO Q1 2018.BAKKAFROST Q4 REVENUES DKK 750.3 MILLION (REUTERS POLL DKK 842 MILLION).DIFFICULT MARKET CONDITIONS AND LIMITED MARKET ACCESS FOR A PERIOD RESULTED IN A WEAKER THAN EXPECTED RESULT IN FARMING SEGMENT FOR Q4.WE ARE PLEASED, HOWEVER, TO EXPERIENCE MORE ACTIVITY IN VAP SEGMENT, DUE TO INCREASED CONTRACTS FOR OUR VAP PRODUCTS.BAKKAFROST PROPOSES DIVIDEND OF DKK 8.25 PER SHARE FOR 2018 (REUTERS POLL DKK 10.3).BAKKAFROST EXPECTS A DECREASE IN PRODUCTION VOLUMES OF FISHMEAL AND FISH OIL IN 2019, COMPARED TO 2018.BAKKAFROST MAKES Q4 FAIR VALUE ADJUSTMENT DKK -239.5 MILLION.BAKKAFROST Q4 NET LOSS DKK 6.6 MILLION (REUTERS POLL PROFIT DKK 228 MILLION).  Full Article

Salmon farmer Bakkafrost raises 2019 harvest forecast
Thursday, 3 Jan 2019 

Jan 3 (Reuters) - P/F Bakkafrost ::HARVEST VOLUMES IN Q4 WAS 12,300 TONNES.BAKKAFROST'S GUIDANCE FOR HARVEST IN 2019 IS INCREASED BY 1,500 TONNES GUTTED WEIGHT, FROM 53,000 TO 54,500 TONNES GUTTED WEIGHT.FEED SALES IN Q4 2018 ARE 24.7 THOUSAND TONNES. HAVSBRÚN SOURCED 46.5 THOUSAND TONNES OF RAW MATERIALS IN Q4 2018.FULL Q4 2018 REPORT WILL BE RELEASED ON 19 FEBRUARY 2019 AT 06:00 CET.  Full Article

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

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Norway wants to change fish farms regulations

OSLO Norway's fisheries ministry wants to change the law regulating fish farms to be able to reduce output in areas affected by environmental problems, it said on Friday.