Bakkafrost P/F
Capital Structure
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in mil. unless spec.Company Description
- CEO
- Jóhan Regin Jacobsen
- Full Time Employees
- 1,635
- Sector
- Consumer non-durables
- Industry
- Food: meat/fish/dairy
- Address
- Bakkavegur 9 Glyvrar OS Faroe Islands 625
- IPO Date
- Mar 8, 2010
- Website
- bakkafrost.com
- Similar Companies
- Business
- P/F Bakkafrost is a vertically integrated salmon farming company headquartered in Glyvrar, Faroe Islands, founded in 1968. It produces and sells Atlantic salmon and related products through a comprehensive value chain that includes feed production, fish farming, harvesting, processing, packaging, and global sales. The company's main product categories encompass fresh, frozen, and smoked salmon, canned salmon products through its subsidiary Munkebo Seafood A/S, as well as fishmeal, fish oil, and specialized fish feed. Bakkafrost operates primarily in the Faroe Islands and Scotland, targeting markets across North America, Western and Eastern Europe, and Asia. Bakkafrost manages its operations through multiple segments: Farming in the Faroe Islands and Scotland; Value-Added Products including consumer-ready packed salmon portions; Fishmeal, Oil and Feed production; and Services such as fish transportation, harvesting logistics, and marine support. The company controls breeding, smolt production, and on-growing of salmon strains, ensuring high-quality, traceable products. Its subsidiary Havsbrún produces most of the fishmeal and oil used in the company's feed, contributing to quality and sustainability. Recent strategic developments include the acquisition of Munkebo Seafood in early 2022, expanding its product range into canned salmon and strengthening its consumer packaged offerings. Bakkafrost is implementing a 6.3 billion DKK investment plan (2024–2028) aimed at increasing annual salmon harvest volumes to around 165,000–200,000 tonnes by 2028, focused on scaling production at its hatcheries and farms in both the Faroe Islands and Scotland. The company is expanding its hatchery capacities, feed production, processing facilities, and marine site development to support this growth. Additionally, Bakkafrost maintains a commitment to sustainability, pursuing significant reductions in greenhouse gas emissions and partnering on renewable energy projects like wind farms with Faroese energy supplier EFFO. Bakkafrost's fully integrated business model, broad product portfolio, recent acquisition to diversify offerings, substantial capital investments for capacity expansion, and sustainability initiatives reflect its position as a leading global salmon producer with strong operational control and traceability from feed to finished product.
Company News
P/F Bakkafrost (BKFKY) Q1 2026 Earnings Call Transcript
P/F Bakkafrost (OTCMKTS:BKFKF) Sees Large Increase in Short Interest
P/F Bakkafrost (BKFKY) Q4 2025 Earnings Call Transcript
P/F Bakkafrost (BKFKY) Q3 2025 Earnings Call Transcript
Significant Research Activity Led To Six New Positions
P/F Bakkafrost (BKFKF) Q2 2025 Earnings Call Transcript
A 'Large Smolt' Bakkafrost Is Transformative But Not Great Value
P/F Bakkafrost (BKFKF) Q1 2025 Earnings Call Transcript
P/F Bakkafrost (BKFKF) Q4 2024 Earnings Call Transcript
Bakkafrost: Viral Incident Flushes Fish Into Markets From Faeroes
Bakkafrost: Upside From Salmon, And Already Up Since Q2
P/F Bakkafrost (BKFKF) Q3 2024 Earnings Call Transcript
P/F Bakkafrost (BKFKF) Q2 2024 Earnings Call Transcript
Bakkafrost: Potential To Double Revenue By 2028
Bakkafrost: I Wish Salmon Would Drop In Price So I Can 'Buy' More
P/F Bakkafrost (BKFKF) Q1 2024 Earnings Call Transcript
Bakkafrost: Salmon For Your Portfolio And Your Plate
P/F Bakkafrost (BKFKF) Q4 2023 Earnings Call Transcript
P/F Bakkafrost (BKFKF) Q3 2023 Earnings Call Transcript
P/F Bakkafrost (BKFKF) Q2 2023 Earnings Call Transcript