Bakkafrost P/F (OTCPK:BKFKF)
$ 57 0.9815 (1.75%) Market Cap: 3.44 Bil Enterprise Value: 3.89 Bil PE Ratio: 26.12 PB Ratio: 2.14 GF Score: 96/100

Q4 2022 P/F Bakkafrost Earnings Call Transcript

Feb 21, 2023 / 07:00AM GMT
Release Date Price: $62.55 (+3.22%)
Hogni Dahl Jakobsen;F Bakkafrost;CFO
P

/-

My name is Hogni Jakobsen. I'm CFO of Bakkafrost. Today I'm joined by Odd Eliasen, Managing Director of Havsbrún. We are 1 person short. Regin Jacobsen will not be joining us today, he had to cancel due to a sudden illness in the family, so he has chosen to stay at home. But I can assure you, Regin is fine and the situation is also under control.

So that said, a short summary of the quarter. This quarter has been all-time high when it comes to revenues. And also when it comes to operational EBIT per kilo. We had also an all-time high full year in 2020, with revenues exceeding DKK 7.1 billion. and an operational EBIT of 1.7 for the year. Operational EBIT in the fourth quarter was 376 million. And if we look at the operation, we have had similar levels as we had in the same quarter the year before. Similar volumes when it comes to harvest and also feed sales, however higher volumes when it comes to sourcing of raw material where we sourced 46,000 tonnes of material in the fourth quarter compared to 27,000 tonnes the year

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