Bakkafrost’s harvest volume was significantly lower, 5,500 tonnes less to be precise, in the second quarter of 2018 than in the second quarter of 2017.
In a trading update this morning, it appears that the company’s stock volumes (HOG) in the second quarter of 2018 were:
- Farming North: 12,900 tonnes
- Farming West: 0
Fish feed sales in Q2 were 15,700 tonnes. Bakkafrost’s subsidiary Havsbrún acquired 118,400 tonnes of feed raw material in the quarter.
Bakkafrost will presents its report for Q2 on the 21st of August.
Tore A. Tønseth, an equity analyst for Sparebank1 said:
“We expect just minor changes to our full year estimates. Estimates for the second quarter is seen slightly down, but this is partly offset by higher volumes in second half. We stick with our Sell recommendation, as we find valuation highly demanding relative to rest of the sector.”