Bakkafrost announces strong Q2

THE Faroese salmon farming group Bakkafrost announced a substantially improved financial performance for the second quarter of this year.

The company delivered a total operating EBIT of 459.2 million Danish kroners (DKK) compared to DKK 307.1 million for Q2 last year

This quarter the combined farming and VAP segments made an operational EBIT of DKK 435.0 million. The farming segment made an operational EBIT of DKK 489.5 million.

Bakkafrost said the salmon spot prices have been on record high levels since 2016, and this continued in Q2 2017.

The total volumes harvested in Q2 2017 were 18,400 tonnes gutted weight compared to 13,000 tonnes for the same period last year.