Bakkafrost U/Adr (BKFKY) Q4 2024 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.859 Good morning and welcome to the presentation of Bakker Frost's results for the fourth 00:00:04.859 -- 00:00:09.943 quarter. My name is Høgn Jakobsen, CFO of Bakker Frost. 00:00:09.967 -- 00:00:15.175 First I'll ask you to pay attention to our disclaimer regarding the forward looking statement 00:00:15.175 -- 00:00:19.539 which is included in the published presentation. 00:00:20.163 -- 00:00:24.470 This morning we will start by providing a summary of the fourth quarter before we move 00:00:24.470 -- 00:00:28.319 on to markets and sales. financials, 00:00:28.319 -- 00:00:34.590 and then our CEO, Rain Jakobsen, will take over and go through the operations 00:00:34.590 -- 00:00:38.053 in the segments and outlook. 00:00:42.083 -- 00:00:46.871 In the fourth quarter, Backer Frost had revenues of 1 billion 470 00:00:46.871 -- 00:00:52.968 million, and group operational EBIT was 280 million. 00:00:52.968 -- 00:00:58.158 Faree's harvest was slightly higher than the same quarter last year, 00:00:58.158 -- 00:01:01.801 came out at 16,600 ton, approximately. 00:01:02.486 -- 00:01:05.672 And in Scotland, we harvested 3,840 00:01:05.672 -- 00:01:10.581 ton, almost four times the volume the same quarter last year. 00:01:10.581 -- 00:01:14.973 Our FOF division had a relatively quiet quarter. 00:01:14.973 -- 00:01:20.422 Although feed sales were slightly down from last year, 00:01:20.422 -- 00:01:24.345 came out at 38,900 ton, especially 00:01:24.389 -- 00:01:28.957 the external sale of fish oil was 00:01:28.957 -- 00:01:30.957 reduced. 00:01:31.207 -- 00:01:36.434 to only 11 ton, compared to 5,400 ton in the 00:01:36.434 -- 00:01:41.522 fourth quarter of last year. And external fish mail sales 00:01:41.522 -- 00:01:45.367 also dropped significantly...