P/F Bakkafrost (BAKKA.OL)

BAKKA.OL on Oslo Stock Exchange

17 Jan 2018
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Latest Key Developments (Source: Significant Developments)

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


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

Fish farmer Bakkafrost's total Q3 harvest volumes falls to 10,700 tonnes
Wednesday, 5 Oct 2016 

: Fish Farmer Bakkafrost says feed sales in q3 2016 are 28.9 thousand tonnes vs 16.3 thousand tonnes in . Bakkafrost says total harvest volumes in q3 are 10.7 thousand tonnes vs 13.0 thousand tonnes Q2 . The harvest volumes are provided in head on gutted (HOG) equivalents . As announced in previous trading update, harvested volumes from Faroe Farming are included from Q3 2016. Faroe Farming is part of Farming West, but has not harvested in Q3 2016 .The full Q3 2016 report will be released on 8 November 2016 at 06:00 CET.  Full Article

Bakkafrost: Veterinary tests do not prove presence of ISA virus at Hvannsund site
Friday, 22 Jul 2016 

P/F Bakkafrost : Fish farmer Bakkafrost says results from veterinary tests at farming site A-73 Hvannsund have all been negative and do not prove presence of pathogenic ISA virus . ISA virus is a virus, which can hit salmon and some other species of fish . During the last week, the Veterinary Authority has undertaken two extensive tests at the farming site with the purpose of confirming the suspicion of pathogenic ISA virus but the results from these tests have all been negative .The Veterinary Authority has affirmed that the virus, which was indicated present, is a variant that is not very virulent, and this may be a possible explanation to the difficulty in finding the virus again.  Full Article

Bakkafrost: Suspicion of possible pathogenic ISA-virus
Friday, 15 Jul 2016 

P/F Bakkafrost : A routine surveillance test by the Veterinary Authority on farming site A-73 Hvannasund Norður has resulted in suspicion of fish being infected by pathogenic ISA-virus . The suspicion arose after the result in one cage indicated that the fish is infected by the so called HPR-del ISA-virus . Bakkafrost is preparing to take necessary actions . The Veterinary Authority will carry out further tests in this cage and all other cages in the farming site. The results of these tests will be available over the next few days . Farming site A-73 Hvannasund Norður contains 1.2 million fish with an average weight of approximately 0.54 kg whole fish equivalent (wfe) . Total biomass is approximately 665 tonnes wfe . Bakkafrost expects to send out a stock announcement, when the final results are available and conclusion is made regarding future actions. Further company coverage: [BAKKA.OL] (Reporting By Stine Jacobsen) ((stine.jacobsen@thomsonreuters.com;)).  Full Article

Fish farmer Bakkafrost says harvested 13,000 tonnes in Q2
Monday, 4 Jul 2016 

P/F Bakkafrost : Harvest volumes in q2 2016 are 13.0 thousand tonnes . Feed sales in q2 2016 are 16.3 thousand tonnes . Harvested volumes from p/f faroe farming are not included in q2 2016 trading update, but will be included in q3 2016 trading update . Havsbrun sourced 84.0 thousand tonnes of raw materials in q2 2016 .The full Q2 2016 report will be released on 23 August 2016 at 06:00 CET.  Full Article

Bakkafrost: Buys 51 pct of Faroe Farming for DKK 75 mln
Thursday, 30 Jun 2016 

P/F Bakkafrost : Has entered into an agreement with Sp/f Hjallur to acquire 51 pct of shares in P/F Faroe farming for a cash consideration of DKK 75 million . Bakkafrost will become the owner of 100 pct of the shares in P/F Faroe Farming effective from 1 July 2016 .Bakkafrost has also filed two licenses to the Faroese Authorities. The licenses filed are Svínáir (A-03) and Hovsfjørður (A-17/18).  Full Article

Bakkafrost says to invest DKK 2.2 billion by 2020
Tuesday, 7 Jun 2016 

Faroese fish farmer Bakkafrost: Plans investment program of DKK 2.2 billion ($335.82 million) from 2016 to 2020 . Says investments will be made step by step in the relevant parts in the value chain to secure efficiency, contain biological risk and enable organic growth . A long-term goal is that 30–50 pct of EPS shall be paid out as dividend vs average for 2010-2015 of 48 pct .Financial growth target: 30% over next 5 years.  Full Article

Fish farmer Bakkafrost's Q1 core profit beats forecast
Tuesday, 10 May 2016 

P/F Bakkafrost : Says Q1 operational ebit dkk 253.6 million (Reuters poll dkk 232 million) . Bakkafrost expects to harvest 48,000 tonnes in 2016 versus q4 estimate 48,000 (Reuters poll 48,400) . The total volumes harvested in Q1 2016 were 10,900 tonnes gutted weight (Reuters poll 10,900) . Forecast for smolt release in 2016 is 10.4 million pieces . Biological situation is good, and price outlook in market place is good . Global supply of atlantic salmon is expected to decrease by 6% in volume during 2016, compared to 2015 . Market balance will be tighter in 2016, compared to 2015 . Has signed contracts covering around 63% of vap capacity for rest of 2016. This corresponds to around 25% of expected harvested volumes for rest of 2016 . Quotas for catching blue whiting in north atlantic are expected to be reduced, and therefore production of fishmeal and fish oil are most likely to reduce in volume in 2016 from relatively high volumes in 2015 . Havsbrún's sales of fish feed in 2016 is expected to be at 80,000 tonnes.  Full Article

UPDATE 2-Bakkafrost fish farming volume in line with guidance, feed sales below

* ‍Harvest volumes in q4 2017 were 11.4 thousand tonnes, all of it from farming west (none from farming north)