Faroese salmon farming giant Bakkafrost on Sunday issued a profit warning ahead of the release of its second quarter financial results.

Preliminary results for the quarter indicate a "lower-than-expected" operational profit (EBIT) of around DKK 353 million (€47.4 million/$53.2 million) for the group, it said.

The main drivers for the results are "extraordinarily" low harvest volumes in the Faroese farming segment and a reduced average weight of the harvested fish.