Went into over 34 million kiloet in the third quarter – iLaks

Bakkafrost group delivered an EBIT of 254,7 million Danish kroner in the third quarter.

Slaktevolumene was 10.700 tons of salmon, gutted weight.

Oppdrettsegmentet, in isolation, was made up with an operational EBIT of 294,3 million Danish kroner, which corresponds 34,44 money per kilo. As in the previous quarter, had high spot prices a negative effect on the in the VAP segment, which posted EBIT of -46,7 million Danish kroner in the quarter. FOF-segment (fishmeal, oil and feed) gave an EBITDA of the 62.4 million Danish kroner for the Q3 of 2016.

Satisfactory
– Bakkafrost delivered a satisfactory result for the third quarter of 2016. The spot price continues to be high, but marginally down from the previous quarter and our oppdrettsegment delivered a very good margin. VAP segment are struggling when spot prices are high, but some positive changes were made in the quarter.
Segment for the fishmeal, fish oil and fish feed continues to deliver strong results. The future is exciting with farming operations in Suðuroy, which is now being a part of the Bakkafrost Group, which gives us new opportunities, ” says ceo Regin Jacobsen in a comment.

Among the highlights last quarter was the acquisition of the competitor Faroe Farming.

Read also: Bakkafrost gobbles Faroe Farming

Strong demand for salmon in almost all markets, has resulted in a significant increase in salmon prices. The global supply of atlantic salmon is expected to increase only around
a per cent in 2017, compared to 2016, writes Bakkafrost in an announcement.

Risk
the Market is one of Bakkafrost’s most significant risk areas. Bakkafrost has a geographical and a markedsprisbasert approach to reduce the exposure to market risk. In order to diversify the geographical market risk, Bakkafrost sells its products to all the major salmon markets in the world, the united STATES, the far East, Europe and Russia.

Bakkafrost guides a harvested volume of 56.000 tonnes gutted weight in 2017, an increase from 47.500 tons in the year. The company notifies otherwise, the construction of a laksemel and oljefabrikk in Fuglafjørður. This will be driven by the subsidiary Havsbrún.