Bakkafrost Releases Q4 2023 Results After Challenging Year
Bakkafrost — which produces farmed salmon from multiple locations in the Faroe Islands and Scotland — has released its financial results for the fourth quarter of 2023.
Revenue during Q4 2023 varied drastically per region. The Faroe Islands ended at DKK 1,478 million (1,641 million in Q4 2022), with farming operations performing well in the fourth quarter. Bakkafrost attributes a majority of this success to the new wellboat Bakkafossur. It’s equipped with dual freshwater treatment systems, which has resulted in historically low levels of sea lice.
Scotland, however, saw a sharp...
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