Bakkafrost P/F (GB:0MQ2) has released an update.
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Bakkafrost Group faced challenges in Q2 2024 with a strike in the Faroe Islands impacting financial performance and delaying harvests, leading to lower sales post-strike. The company reported solid biological performance with robust growth, no sea lice issues in the Faroe Islands and Scotland, and effective risk management strategies in place. Despite a slight decrease in the global salmon supply, Bakkafrost remains focused on cost management, market diversification, and has ceased trading with Russia due to the war in Ukraine.
For further insights into GB:0MQ2 stock, check out TipRanks’ Stock Analysis page.
