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Q4 2020 P/F Bakkafrost Earnings Call Transcript
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Good morning, and welcome to the presentation of the fourth quarter 2020 for Bakkafrost's financial numbers.
First, we will have a look at the summary of the fourth quarter, then we will go through market and sales, some segment information. Then Hogni Jakobsen CFO will take us through financial and ESG. And then finally, I will look at the outlook for the company and the sector as a whole.
In the fourth quarter, Bakkafrost harvested in the Faroe Islands, 15,957 tonnes of salmon compared with 17,930 tonnes last year. In Scotland, we harvested 9,305 tonnes compared with 7,925 tonnes. The feed sales in the quarter were 30,885 tonnes compared with 28,398 tonnes the quarter the year before. The raw material sourcing were 71,887 tonnes compared with 35,180 tonnes. So in general, that it was in the feed and increase of operations and in the farming slight reduction. Yes, the feed itself was slightly up as well.
The revenues were DKK 1,183 million compared with DKK 1,605 million in the fourth quarter 2019. The
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