P/F Bakkafrost
F:6BF
Decide at what price you'd be comfortable buying and we'll help you stay ready.
|
P/F Bakkafrost
F:6BF
|
FO |
P/F Bakkafrost
P/F Bakkafrost is a salmon farming and seafood company based in the Faroe Islands. It raises Atlantic salmon, processes it, and sells it as fresh and frozen fish to seafood distributors, supermarkets, wholesalers, and food service buyers. The company also sells salmon feed, which gives it another way to reach customers in the aquaculture supply chain. Most of Bakkafrost’s money comes from selling farmed salmon and related seafood products. Because it controls more of the chain than a simple fish farmer, it can manage breeding, farming, feed, harvesting, processing, and sales in one system. That gives it tighter control over fish quality, traceability, and supply. What makes Bakkafrost different is its role as a fully integrated salmon producer in a specialized island farming environment. It is not just a trader of seafood; it is a producer, processor, and feed supplier. That makes it an important link between fish farming and the global market for premium Atlantic salmon.
P/F Bakkafrost is a salmon farming and seafood company based in the Faroe Islands. It raises Atlantic salmon, processes it, and sells it as fresh and frozen fish to seafood distributors, supermarkets, wholesalers, and food service buyers. The company also sells salmon feed, which gives it another way to reach customers in the aquaculture supply chain.
Most of Bakkafrost’s money comes from selling farmed salmon and related seafood products. Because it controls more of the chain than a simple fish farmer, it can manage breeding, farming, feed, harvesting, processing, and sales in one system. That gives it tighter control over fish quality, traceability, and supply.
What makes Bakkafrost different is its role as a fully integrated salmon producer in a specialized island farming environment. It is not just a trader of seafood; it is a producer, processor, and feed supplier. That makes it an important link between fish farming and the global market for premium Atlantic salmon.
Solid quarter: Bakkafrost said Q1 was a solid start to the year, with revenue up 11% to around NOK 2.1 billion and operational EBIT up 8% to NOK 544 million, despite higher global supply and lower salmon prices year on year.
Faroe Islands led: The Faroe Islands drove results, with harvest volumes up 33% to around 25,100 tonnes and operational EBIT of DKK 386 million. Management said lower costs and better biology were key.
Scotland still weak: Scotland’s farming business remained under pressure, with operational EBIT of minus DKK 28 million, hurt by low prices, low volume and the early-stage ramp-up of Applecross.
Feed business improved: Feed sales rose 13% and FOF operating EBIT increased to DKK 84 million. Management also lifted the full-year feed production target to 175,000 tonnes from 165,000 tonnes.
Outlook upbeat, with caveats: Management expects supply growth to slow sharply after Q1 and says the market is tightening. But it also warned that feed raw-material costs are rising and could pressure margins later in 2026 and into 2027.
Capital return: The AGM approved a dividend payment of DKK 3.45 per share, payable around May 21.
