Bakkafrost Sees Signs of Market Improvement in Q1 2021
Salmon farmer Bakkafrost released its Q1 financial results on May 11 and CEO Regin Jacobsen said he was satisfied with the quarter as the company is beginning to “see clear signs of improvement” in the salmon market.
For the quarter, Bakkafrost delivered a total operating EBIT of DKK 223.5 million (US$36.5 million), a mark below Q1 2020’s DKK 248 million. Revenues (DKK 1,175.6 million) were down from 2020 (1,255.2 million).
Looking at the company’s harvests in the quarter...
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