P/f Bakkafrost oppnådde i 1. kvartal 2011 et resultat før skatt på 127,1 millioner danske kroner, mot 56,4 millioner danske kroner i 1. kvartal 2010.
P/f Bakkafrost omsatte for 240,3 millioner danske kroner i 1. kvartal 2011, mot 190,5 millioner danske kroner i tilsvarende kvartal i 2010.
Det fremgår av børsmelding og resultatrapport for 1. kvartal 2011, som selskapet la frem i dag. P/f Bakkafrost er den største oppdretteren av laks på Færøyene.
Les børsmeldingen og last ned resultatrapporten for 1. kvartal 2011 her:
Another Quarter With Strong Margins
Bakkafrost had another strong quarter and made an operational EBIT of DKK 92.0 million in the first quarter of 2011, corresponding to an EBIT/kg of DKK 16.85 (NOK 17.68). The result was based on a continuing sustainable biological operation and high market prices, where the farming segment made substantial profit, and the VAP segment contributed with a positive operational result. The result after taxes for Q1 2011 was DKK 103.5 million.
Commenting on the results, CEO Regin Jacobsen says:
"We are satisfied with the result for the quarter. The biological situation is good, and the salmon prices have been high. The outlook is promising, with increased production and a significant share of the harvest for 2011 already sold on satisfying long term contracts."
Summary of the First Quarter 2011:
Strong prices for both fresh salmon and VAP products.
The total harvested volume was 5,460 tonnes gutted weight (5,744 tonnes gutted weight in Q1 2010).
Bakkafrost released approximately 1.6 million smolts.
The Group had no net interest bearing debt at the end of Q1 2011 (DKK 70.2 million at year-end 2010) and undrawn credit facilities of around DKK 336 million.
In April 2011, Bakkafrost paid out dividend amounting to DKK 191 million to its shareholders.
The planned operational changes post-merger of Vestlax into Bakkafrost have been finalised, and margins have been significantly improved in Farming West (former Vestlax).
In Q1 2011, Bakkafrost accounted for 56% of the 9,750 tonnes gutted weight of the total exported volume of farmed fish from the Faroe Islands.
Bakkafrost has signed a sale and purchase agreement for all outstanding shares in P/f Havsbrún. P/f Havsbrún, a modern, internationally renowned producer of fish meal, fish oil and fish feed, is situated in the Faroe Islands and owns 78.1% of two farming companies. The purchase price is DKK 1,100 million. Payment will be made as a combination of existing shares in Bakkafrost, owned by Havsbrún, and cash. Thus, Bakkafrost signed a term sheet covering a DKK 500 million instalment loan. The transaction is subject to, among other things, satisfactory due diligence and regulatory approval.
Les også: Bakkafrost kjøper Havsbrún 14.04.2011
Om P/f Bakkafrost
P/f Bakkafrost er et resultat av fusjonen mellom P/f Bakkafrost Holding og P/f Vestlax Holding tidlig i 2010. Bakkafrost er den største oppdretteren av laks på færøyene, med 39 prosent av alle oppdrettslisenser og planlegger å produsere 33.000 tonn (sløyd vekt) i 2011.
