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Biomar reported record Q3 feed volumes of 488,000 tons, up 5%, and revenue up 19% to DKK 5.8 billion. EBIT rose 50% to DKK 618 million, and the company raised its full-year EBIT outlook for the second time while trimming volume guidance on softer salmon and shrimp demand.
Higher raw material costs were passed through to feed prices, indicating strong aquafeed pricing power but softer end demand for salmon and shrimp feed. The results show no direct price shock for feed ingredients.
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