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Q1 2022 P/F Bakkafrost Earnings Call Transcript
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Good morning, and welcome to the Bakkafrost Presentation of the First Quarter 2022. First, we'll summarize the quarter and then look into the markets and segments before Hogni Dahl Jakobsen will take us through the financials and the ESG. And then finally, the outlook for the market and the company.
In this quarter, Bakkafrost harvested in Faroe Islands record high volumes in the first quarter and actually for the third consecutive quarter, 17,459 tonnes compared with 14,025 tonnes last year. Also, we saw highest feed sales in our first quarter, 26,192 tonnes versus 23,717 tonnes last year. In Scotland, however, harvested volumes were low, 3,973 tonnes compared with 7,002 tonnes last year. The market balance is tight as supply of salmon is low in the first half of 2022. Our feed operations [sourced, providing] raw material in this quarter, 77,971 tonnes, which is up from last year. And in this quarter, we are proposing to the Board of Directors, we are proposing a dividend, which has been approved by the Board in the
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