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Aquaculture

Despite salmon deaths, Faroes more than offsets Scottish losses for Bakkafrost in Q4

Bakkafrost reported mortality costs of DKK 45m in the Faroes on top of DKK 179m in Scotland, but the former still more than offset the latter with an EBIT margin of 25%

By Neil Ramsden | Feb. 22, 2022 10:21 GMT
Bakkafrost, salmon, Faroe Islands
Bakkafrost's facility in Glyvrar, Faroe Islands. Credit: Bakkafrost
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Salmon farmer Bakkafrost saw some unexpected mortalities in the Faroe Islands combine with already-reported deaths in Scotland to mean a miss on its Q4 earnings in the eyes of analysts [...]

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