Billund Aquaculture: “We will be affected by this financially”

Katrina Poulsen

The Danish RAS-supplier inform on record sales in the first quarter of 2020, but at the same time fear financial losses to come. 

“It’s a foggy landscape, so that’s why I think everyone’s a little wary. Everyone is careful in the industry right now, so are we,” says Steffen Busk Jespersen, CEO of Billund Aquaculture since last summer.

At the moment the company is cutting back on costs, that are not life necessary.

“We are cutting down on marketing, as many others are also doing at the moment. When we are more back to normal, we can resume to planned marketing posts. It’s responsible to save costs. Marketing is a place where we have looked at how we can limit expenses,” says Steffen Busk Jespersen.

Will be affected financially
Even though the company is cutting back on marketing costs, the RAS supplier-boss believes the company will not be able to go through the pandemic without losing money.

“We will be affected by this financially. We constantly monitor situations as and when they arise,” he says.

Steffen Busk Jespersen can not comment on how the company will be affected financially, because the time horizon for the pandemic is still unknown. He also has no comments in regards to possible cutbacks in staff.

Billund Aquaculture. Photo: Katrina Poulsen

Costly with less mobility
A post that has been costly for Billund Aquaculture has been quarantine rules and mobility of employees. For instance employees who travel to the US for work have had to stay home and instead locals have had to be hired.

In other situations employees have been in quarantine after travelling. Luckily for the company countries in Europe are steadily opening up.

“It is positive that we can now start moving people around in terms of quarantine rules”.

The company is especially watching the situation in the US, where the RAS facilitator has provided technology for Atlantic Sapphire’s Bluehouse.

“There is a lot of speculation about the borders being opened in the states, and we are ofcourse following this,” states Steffen Busk Jespersen.

Billund Aquaculture has not yet had to cancel or postpone projects.

Billund Aquaculture. Photo: Katrina Poulsen

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