Faroese salmon farmer Bakkafrost reported earnings before interest, tax, depreciation and amortization (EBITDA) of DKK 354 million (€47.4 million/$57.7 million), down 4 percent year on year, but a significant improvement over the fourth quarter's plummeting numbers.

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Operating revenue was were down 6 percent to DKK 1,176 million (€157.6