Bakkafrost P/F

Market: Oslo Symbol: BAKKA ISIN: FO0000000179 Industry: Packaged Foods & Meats

Company presentation

Bakkafrost is the leading producer of top quality salmon from the Faroe Islands. We offer a wide range of healthy and nutritious salmon products from our own facilities. The cool and steady sea temperatures of the North Atlantic Current in the Faroe Islands provides perfect conditions for raising healthy and robust Atlantic salmon. Bakkafrost is one of the world's most vertically integrated salmon farming companies. Bakkafrost controls all aspects of production - from feed to finished value added products. This ensures unrivalled traceability and consistent high quality. Our longstanding experiences in the seafood industry and our focus on providing our customers with top quality salmon products has made Bakkafrost well reputed as a reliable and responsible partner. We are committed to maintaining the highest standards in relation to fish welfare, sustainability and sound stewardship of the environment. We are dedicated to providing consumers worldwide with top quality tasty and nutritious salmon products.

Currency NOK
Previous Close 742.60
Change (%) 1.14
Volume 49,474
Number of Shares (mil) 59.14
Market Cap (mil) 43,919.59

Key figures

DKK 1,000 2018 2019 2020
Operating revenues  3,177,422 4,511,107 4,651,892
Operational EBIT *  1,074,912 1,325,100 621,158
EBIT  1,184,233 1,019,217 691,123
EBT  1,172,066 981,916 625,984
Net earnings  960,292 801,885 462,845
Earnings per share before fair value adjustment of biomass and provision for onerous contracts (DKK)  16.44 19.04 6.20
Earnings per share after fair value adjustment of biomass and provision for onerous contracts (DKK)  19.74 15.53 7.83
Total non-current assets  3,396,036 8,670,109 9,224,680
Total current assets  2,406,487 4,431,296 3,983,644
Total assets  5,802,523 13,101,405 13,208,324
Total equity  4,077,029 8,496,875 8,729,487
Total liabilities  1,725,494 4,604,530 4,478,837
Net interest bearing debt   495,479 1,018,685 1,752,751
Equity share (%)  70 65 66
* Aligned for fair value adjustments of biomass, onerous contracts provision, income from associates and other non-operating related adjustments.

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