2024-02-21 14:52:10 ET
P/F Bakkafrost (BKFKF)
Q4 2023 Earnings Conference Call
February 21, 2024 2:00 AM ET
Company Participants
Høgni Jakobsen - Chief Financial Officer
Regin Jacobsen - Chief Executive Officer
Conference Call Participants
Herman Dahl - Nordea Markets
Christian Nordby - Arctic Securities
Presentation
Høgni Jakobsen
[Call Starts Abruptly] Fourth Quarter 2023. My name is Høgni Jakobsen, CFO of Bakkafrost, and together with Regin Jacobsen, our CEO, we will go through the summary and some highlights from the quarter, market and sales, provide an update on financials and ESG and also give you an operational update and then a glimpse at the outlook for the coming periods. There are also some slides included in appendix of this presentation, which we will not go through in this morning, but they are for own study.
So some highlights from this quarter. We have revenues of DKK 1,562 million, around 90% lower than the same period last year. Group operational EBIT was DKK 356 million compared to DKK 376 million last year. 17% lower harvest volumes in the Faroese where we harvested 16,000 tonne compared to 19,000 tonne last year. And as announced in our previous quarterly presentation, we reduced the harvest in Scotland in order to gain from the improved biology that we had from mid-September and onwards. So we have reduced the harvest to 1,000 tonne compared to 5,200 tonne the year before. And that will then go into this year's harvest at higher weights and higher value....
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P/F Bakkafrost (BKFKF) Q4 2023 Earnings Call Transcript