Business description: Bakkafrost

Bakkafrost specializes in salmon farming. Net sales break down by activity as follows:

- manufacturing of salmon-based products (94.2%);

- production of fish feed, fish meal, and fish oil (4.9%);

- provision of services (0.8%);

- salmon farming (0.1%).

Net sales are distributed geographically as follows: Eastern Europe (4%), Western Europe (56%), Asia (15.3%), North America (23.7%), and Other regions (1%).

Number of employees: 1,816

Sales by Activity: Bakkafrost

Fiscal Period: December 2021 (DKK) 2022 (DKK) 2023 (DKK) 2024 (DKK) 2025 (DKK)

Sales and Other

- - 9.27B 10.21B 10.28B

Farming Faroe Islands

3.48B 4.63B 3.31B 3.92B 4.05B

Farming Scotland

1.46B 1.44B 1.45B 1.84B 1.12B

Freshwater Faroe Islands

- - 586M 782M 897M

Freshwater Scotland

- - 142M 117M 169M

Value Added Products (VAP)

1.2B 1.7B - - -

Fishmeal, Oil and Feed

1.66B 2.43B 3.49B 2.73B 2.6B

Services

- - 783M 895M 921M

Eliminations

-2.23B -3.08B -11.9B -13.16B -13.03B

Geographical breakdown of sales: Bakkafrost

Fiscal Period: December 2021 (DKK) 2022 (DKK) 2023 (DKK) 2024 (DKK) 2025 (DKK)

Western Europe

3.48B 4.86B 4.89B 4.72B 3.92B

North America

1.02B 1.29B 1.36B 1.41B 1.66B

Asia

596M 664M 644M 945M 1.07B

Eastern Europe

454M 262M 216M 234M 282M

Rest of The World

1.87M 49.46M 31.56M 18.45M 70.6M

Executive Committee: Bakkafrost

Manager TitleAgeSince
Chief Executive Officer 60 01/01/1989
Director of Finance/CFO 54 01/04/2019
Chief Tech/Sci/R&D Officer 52 01/01/2014
Comptroller/Controller/Auditor - -
Comptroller/Controller/Auditor - -

Composition of the Board of Directors: Bakkafrost

Director TitleAgeSince
Chairman 59 15/12/2009
Director/Board Member 55 19/02/2008
Director/Board Member 54 01/01/2016
Director/Board Member 65 01/01/2019
Director/Board Member 54 01/01/2022

Shareholders: Bakkafrost

NameStocks%Valuation
7.841 %
4,656,979 7.841 % 231 M kr
7.736 %
4,594,437 7.736 % 228 M kr
DNB Asset Management AS
5.283 %
3,137,509 5.283 % 156 M kr
Sprucegrove Investment Management Ltd.
5.025 %
2,984,520 5.025 % 148 M kr
Nordea Funds Ltd.
5.002 %
2,970,523 5.002 % 147 M kr

Holdings: Bakkafrost

NameStocks%Valuation
69,3060.12% 3 M $

Company details: Bakkafrost

Bakkafrost P/F

Bakkavegur 9

625, Glyvrar

+298 40 50 00

http://www.bakkafrost.com
address Bakkafrost(BAKKA)

Aquaculture

Change 5-day change 1-year change 3-year change Capi.($)
+1.30%-0.80%-6.04%-39.29% 2.57B
0.00%0.00%0.00%0.00% 1.09B
+1.88%-.--%-.--%-.--% 554M
0.00%-0.98%+24.81%+35.36% 504M
+1.18%+9.36%+62.66%+101.41% 483M
-1.84%-2.74%-4.48%-11.62% 460M
0.00%0.00%+76.66%+50.16% 433M
-2.06%-2.06%+59.62%+7.79% 420M
+0.95%+0.07%-57.40%-59.76% 346M
-1.04%-5.92%-4.79%-21.80% 339M
Average +0.04%+0.86%+15.10%+6.23% 720.16M
Weighted average by Cap. +0.45%+0.81%+8.60%-5.91%
Trader
Investor
Global
Quality
ESG MSCI
AA
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
9
Last Close Price
282.43DKK
Average target price
342.11DKK
Spread / Average Target
+21.13%

Quarterly revenue - Rate of surprise

-40%: Exceptional extension
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