Bakkafrost Sees Q2 Earnings Pressure Amid Rising Global Salmon Supplies

Bakkafrost CEO Regin Jacobsen said the company was “not satisfied” with its second-quarter financial results. He added that a “significant increase” in salmon supplies globally led to lower prices, impacting its earnings.
The company reported its operational EBIT for its Faroe Islands operations at DKK 211 million ($32.8 million), slightly below the Q2 2024 mark. However, its operational EBIT for its Scottish operations fell into the red, to DKK -146 million, compared to DKK 113 million seen last year...
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