Bakkafrost harvests increase in 2011


SeafoodSource staff

Published on
August 15, 2011

Faroese salmon farmer Bakkafrost on Tuesday announced that the total harvest volume for the second quarter was just over 8,000 metric tons, up from 5,341 metric tons during the same time period in 2010. For the first half, total harvested weight was 13,552 metric tons, up from 11,085 last year. The company expects to harvest 42,000 metric tons for the year, with the second half of the year harvest reaching 26,500 metric tons.

In addition, the company said it will release 10 million smolt this year, down from 11 million in 2010.

Bakkafrost also announced financial results, including operational EBIT of DKK 126.9 million for the second quarter of 2011 and operational EBIT of DKK 219.2 million for the first half of the year.

“Bakkafrost obtained a good result for the quarter in a market with prices dropping. The operational performance was high and the veterinary situation is good,” said Regin Jacobsen, CEO. “The salmon prices have been dropping through the quarter, but we believe the outlook is promising with increased production and a significant share of the harvest for 2011 already sold on satisfying long-term contracts.”

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