Faroese salmon farmer Bakkafrost has endured a relatively "soft" first quarter, delivering earnings before interest and tax (EBIT) 13-18% below the consensus of analysts following the company.
It's a result that can be attributed in part to the firm's sales to Russia and eastern Europe, which continue to remain low. Bakkafrost's Q1 report shows that just 3% of sales volumes went to Russia in the last financial quarter, down 30% year-on-year [...]
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