Low harvest volumes and high farming costs forced down earnings for salmon farmer Bakkafrost in the second quarter, with both its Faroes and Scottish sites suffering lower-than-planned volumes.
Operating earnings before interest, tax, depreciation and amortization (EBITDA) fell 29.8 percent year-on-year to DKK 508 million (€68.2 million/$74.4 million) due to a "back-end loaded harvest profile" for 2023 and low mean weights in the Faroes, plus mortality issues in Scotland.