Bakkafrost P/F (GB:0MQ2) has released an update.
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.
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