almon farmer Bakkafrost reported good results in 4Q 2013, buoyed by record-high salmon prices worldwide.The company's profits for the quarter totaled DKK 137.9 million (USD 25.4 million, EUR 18.5 million), which is down from the DKK 148.2 million (USD 27.3 million, EUR 19.9 million), but year-to-date totals for 2013 came to DKK 589.2 million (USD 108.6 million, EUR 79 million), up from the DKK 281.3 million (USD 51.8 million, EUR 37.7 million) reported year-to-date in 2012.
Harvest volumes went down by 15 percent, yet operational earnings before interest, dividends and taxes (EBIT) went up year-on-year by 27 percent. The company attributed the increase to worldwide salmon prices, which hit a 10-year high in 2013, in response to growing demand and "low supply growth."
The company predicted the salmon market would remain tight for the first half of 2014.
