Bakkafrost Q4 Results Indicate Stalled Revenue Stream Amid Strong Smolt Production
On February 17, 2025, Faroese salmon farmer Bakkafrost released its Q4 2024 financial results, indicating stalled quarterly revenues for the company amid strong overall smolt production and a decreased mortality rate.
In total, Q4 revenues totaled DKK 1,470 million ($207.28 million), amounting to DKK 12 million less than the same period last year. The Faroe Islands operations carried the majority of revenues, reaching DKK 1,184 million (a decrease of 294 million from Q4 2023), while Scotland operations reached DKK 286 million (an increase of 282 million from Q4 2023)...
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