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Bakkafrost and SSC ride out Covid upheaval

Bakkafrost and SSC ride out Covid upheaval

Faroese salmon farmer Bakkafrost and its Scottish subsidiary, the Scottish Salmon Company (SSC), have continued to make a profit during Covid-19, but results for the first half of the year have been reduced due to the pandemic.

Scottish Salmon Company sees steady Q2 growth

Scottish Salmon Company sees steady Q2 growth

The Scottish Salmon Company, acquired by Bakkafrost last year, saw growth increase eight per cent to 7,900 tonnes in the second quarter of this year compared to Q1.

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French shoppers say ‘oui’ to ‘wee’ fillet

French shoppers say ‘oui’ to ‘wee’ fillet

A restaurant-quality fillet that can be enjoyed at home has given the Scottish Salmon Company an increasing hold in the French retail market.

Bakkafrost orders huge wellboat to match ambition

Bakkafrost orders huge wellboat to match ambition

Faroese salmon farmer Bakkafrost has ordered what will be one of the world’s biggest wellboats, able to carry 1,000 tonnes of salmon.

Processing capacity helps Bakkafrost keep moving fish

Processing capacity helps Bakkafrost keep moving fish

Having its own modern processing facilities has allowed Bakkafrost to adapt quickly to the change market demands shaped by Covid-19 during a “challenging” first quarter of 2020, the Faroese salmon farmer said today.

Scottish Salmon Company harvest to rise 15% in 2020

Scottish Salmon Company harvest to rise 15% in 2020

The Scottish Salmon Company is expected to increase its harvest volume by nearly 15% to 39,000 tonnes this year, owner Bakkafrost said today.

Four-star rating is a European first for Scottish Salmon Company

Four-star rating is a European first for Scottish Salmon Company

The Scottish Salmon Company (SSC) has become the first salmon producer in Europe to be recognised with a four-star Best Aquaculture Practices (BAP) certification.

Nordea cuts Bakkafrost earnings projection by 17%

Nordic bank Nordea has lowered its forecast for Faroese salmon farmer Bakkafrost’s 2020 earnings before interest and tax (EBIT) by 17%.

Salmon ahoy! Bakkafrost gets another ship-conversion feed barge

Salmon ahoy! Bakkafrost gets another ship-conversion feed barge

Faroese salmon farmer Bakkafrost has taken delivery of its eighth feed barge made from a converted ship.

Bakkafrost offers Faroes staff fortnightly Covid-19 tests

Bakkafrost offers Faroes staff fortnightly Covid-19 tests

Salmon farmer Bakkafrost is giving all its employees in the Faroe Islands the opportunity to be tested free for Covid-19 every second week.

Bakkafrost harvests 18,000 tonnes in Q1

Bakkafrost harvests 18,000 tonnes in Q1

Bakkafrost harvested 10,700 tonnes (head on gutted equivalents) of salmon in the Faroes in the first quarter of this year, and a further 7,300 tonnes in Scotland (Scottish Salmon Company), the Faroese company said in a trading update today.

Bakkafrost postpones shareholder pay-out due to Covid-19 uncertainty

Bakkafrost postpones shareholder pay-out due to Covid-19 uncertainty

Scottish Salmon Company owner Bakkafrost is to delay its £60 million dividend pay-out to shareholders until August because of the uncertainty caused by the Covid-19 pandemic.

220,000 fish unaccounted for after Faroes storm deaths

220,000 fish unaccounted for after Faroes storm deaths

Some of the 1 million Bakkafrost salmon initially believed to have been killed by a storm in the Faroe Islands may have survived and escaped, it has emerged.

Bakkafrost to ramp up SSC processing capacity

Bakkafrost to ramp up SSC processing capacity

Scottish Salmon Company owner Bakkafrost is planning “significant investment” this year to increase the capacity of two SSC processing plants in Scotland.

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