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Bakkafrost finance chief resigns

Bakkafrost finance chief resigns

Gunnar Nielsen, chief financial officer of the Faroes’ biggest salmon farmer, Bakkafrost, has handed in his resignation, the company said in a market statement last night.

Bakkafrost upgrades 2019 harvest guidance

Bakkafrost upgrades 2019 harvest guidance

The Faroe Islands’ largest salmon farmer, Bakkafrost, today announced that it had upgraded its 2019 harvest guidance by an extra 1,500 tonnes.

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High-protein feed worth the extra cost, concludes thesis

High-protein feed worth the extra cost, concludes thesis

A PhD study into the balance between fat and protein in salmon feed has concluded that high-protein feed is worth the extra cost compared to a high-fat feed.

Shipshape feed barge ready for the rough stuff

Shipshape feed barge ready for the rough stuff

Faroese salmon farmer Bakkafrost has taken delivery of a new 800-tonne capacity feed barge converted from a 75-metre bulk carrier.

Bakkafrost third-quarter profit up on 2017

Bakkafrost third-quarter profit up on 2017

Faroese salmon farmer and fish feed producer Bakkafrost Group has announced total earnings before interest and tax (EBIT) of DKK 434.2 million (£51m) for the third quarter of 2018.

Bakkafrost harvests 7,200 tonnes in Q3

Bakkafrost harvests 7,200 tonnes in Q3

Bakkafrost, the largest salmon farmer in the Faroe Islands, harvested 6,200 tonnes in its Farming North segment and 1,000 tonnes in its Farming West segment in the third quarter of this year, it said in a market update.

Algae suspected as Bakkafrost loses 750,000 fish

Algae suspected as Bakkafrost loses 750,000 fish

Faroe Islands salmon farmer Bakkafrost has revealed that it lost approximately 750,000 fish in a mass mortality at a farm site last Thursday.

Bakkafrost bids to increase volume by 55%

Bakkafrost bids to increase volume by 55%

Faroese salmon farmer Bakkafrost is to invest DKK3 billion (£360 million) over the next five years as it attempts to increase annual production by 55% to around 76,000 tonnes by 2023.

Bakkafrost harvests 12,900 tonnes in Q2

Bakkafrost harvests 12,900 tonnes in Q2

Bakkafrost, the biggest of the three salmon farmers operating in the Faroes, harvested 12,900 tonnes in the second quarter of 2018, the company said in a trading update today.

Bakkafrost chief welcomes 'excellent' Q4 results

Bakkafrost chief welcomes 'excellent' Q4 results

Faroese salmon farmer Bakkafrost's chief executive Regin Jacobsen has welcomed the company's results for the final quarter in 2017, despite harvest volumes and operating profit being lower than in Q4 2016.

Salmar and Bakkafrost reveal Q4 harvest figures

Salmar and Bakkafrost reveal Q4 harvest figures

Salmar, co-owner of Scottish Sea Farms, and Faroese salmon farmer Bakkafrost have both released harvest volumes for the fourth quarter of 2017 in trading updates.

Falling prices nudge Bakkafrost profits down

Falling prices nudge Bakkafrost profits down

Faroes salmon farmer Bakkafrost made an operating profit of 252 million Danish kroner (£30.3m) in the third quarter of 2017, a fraction less than the DKK 255m made in Q3 2016, it said in its third-quarter report today. The drop was attributed to a fall in spot prices.

Bakkafrost Q2 earnings leap to £56.5m

Bakkafrost Q2 earnings leap to £56.5m

Faroes fish farmer Bakkafrost made earnings before interest and tax (EBIT) of 459.2 million Danish crowns (£56.5m) in the second quarter of 2017, a substantial increase over the same period last year, when EBIT was DKK 307 million.

Bakkafrost earnings up 43% after 'eventful' Q1

Bakkafrost earnings up 43% after 'eventful' Q1

An “eventful” first quarter of 2017 saw salmon producer Bakkafrost Group’s farming segment deliver an operational EBIT of DKK 373.2 million (£43 million) – up 43 per cent on Q1 in 2016.

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