Bakkafrost Scotland’s recovery continued apace in 2024

Announcing both its annual and fourth quarter output, the company announced a Scottish harvest of 27,900 tonnes against 20,600 tonnes a year earlier.

The output for the final October to December quarter in Scotland was also up at 3,800 tonnes, a rise of 2,700 tonnes over the same period in 2023.

The Scottish division has been improving steadily over the past 12 months following extensive reorganisation.

The Faroes operation was hit by a month-long general strike in the summer, which seriously affected production, but it looks to have recovered from that.

Overall, the Bakkafrost harvest last year totalled 90,700 tonnes compared with 70,300 tonnes in 2023.

In Q4 2024 the harvest volumes for Bakkafrost’s operation in the Faroe Islands and Scotland were 16,600 tonnes and 3,800 tonnes respectively. All harvest volumes are head on gutted (HOG) equivalents.

The total harvest for 2024 in the Faroe Islands was 62.8 thousand tonnes and in Scotland the total harvest in 2024 was 27.9 thousand tonnes. The total harvest from the Bakkafrost Group in 2024 was 90.7 thousand tonnes. 

Group feed sales in the final quarter totalled 38.900 tonnes. Havsbrún, the group’s feed subsidiary, sourced 42,000 tonnes of raw materials in Q4 2024.

The total feed sales for 2024 were 140,400 tonnes and in total 309,00 tonnes of marine raw material were sourced in 2024.

The full Q4 2024 report, which will also include the company’s financial performance. will be released on 18 February.