Bakkafrost P/F (OSL:BAKKA)
kr 603 0 (0%) Market Cap: 35.76 Bil Enterprise Value: 41.25 Bil PE Ratio: 26.10 PB Ratio: 2.04 GF Score: 99/100

Q2 2021 P/F Bakkafrost Earnings Call Transcript

Aug 24, 2021 / 06:00AM GMT
Release Date Price: kr741.4 (+1.92%)
Johan Regin Jacobsen;F Bakkafrost;CEO
P

/-

(technical difficulty)

of the second quarter 2021. In this presentation, we will go through the summary of the quarter. We will look into market and sales for Bakkafrost and for the salmon market in general. We will look at the segment information. And we will have a financial update from Hogni Jakobsen. And then finally, we will look for the outlook for the quarter and take questions from you.

In the second quarter, Bakkafrost harvested more fish than last year, 25% more fish was harvested in the quarter. In the Faroe Islands, 17,561 tonnes compared with 12,941 tonnes last year. In Scotland, we harvested 10,634 compared with 7,937 last year. Feed sales also increased 23% to 27,272 compared with 22,121 last year. Raw material sourcing for Havsbrún declined to 59,290 tonnes compared with 120,512 tonnes last year. The revenues for the group was very high, an indicator on a high activity in the quarter. I think this is probably the largest revenue for Bakkafrost Group in a quarter, DKK 1.617 billion in the second

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot