P/F Bakkafrost (BKFKF) Q4 2022 Earnings Call Transcript

P/F Bakkafrost (OTCPK:BKFKF) This autumn 2022 Earnings Convention Name February 21, 2023 2:00 AM ET

Firm Members

Hogni Jakobsen – Chief Monetary Officer

Odd Eliasen – Managing Director of Havsbrun

Convention Name Members

Christian Nordby – Kepler Cheuvreux

Henrik Knutsen – Carnegie

Hogni Jakobsen

[Starts Abruptly] fourth quarter. My title is Hogni Jakobsen, I’m CFO of Bakkafrost. At present I’m joined by Odd Eliasen, Managing Director of Havsbrun. We’re one particular person brief this morning. Regin Jacobsen is not going to be becoming a member of us at the moment. He needed to cancel resulting from sudden sickness within the household. So, he has chosen to remain at residence, however I can guarantee you Regin is okay and the scenario can be below management.

In order that mentioned, a brief abstract of the quarter. This quarter has been all-time excessive in terms of revenues and in addition in terms of operational EBIT per kilo. We had additionally an all-time excessive full 12 months in [2020] (ph) with revenues exceeding DKK7.1 billion and an operational EBIT of DKK1.74 billion for the 12 months. Operational EBIT within the fourth quarter was DKK376 million.

And if we take a look at the operation, we now have had comparable ranges as we had in the identical quarter the 12 months earlier than, comparable volumes in terms of harvest and in addition feed gross sales; nonetheless, greater volumes in terms of sourcing of uncooked materials the place we sourced 46,000 tonne of fabric within the fourth quarter in comparison with 27,000 tonne the 12 months earlier than.

Money move from operations was constructive with DKK382 million, and we had constructive margins within the quarter for all segments besides the Scottish farming section.

The Board of Administrators has proposed to the Annual Normal Assembly that DKK10.00 per share shall be paid as dividend and the Annual Normal Assembly is on the twenty eighth of April.

Leave a Reply

Your email address will not be published. Required fields are marked *