Another record-breaking quarter for Mowi
(Bergen, 8 November 2023) Mowi recorded record-high
operational revenue of 1.36 billion euros in the third quarter,
compared with 1.26 billion euros in the corresponding quarter of
2022. Operational profit was 203 million euros in the
quarter.
The third quarter was another record-breaking quarter for Mowi
on strong operational execution. Quarterly revenues were all-time
high at EUR 1.36 billion driven by record-high volumes across the
group and seasonally favourable salmon prices on solid demand.
“Record-high volumes and favourable salmon prices, coupled with
outstanding operational performance from my 11,500 colleagues
worldwide, have culminated in another record-setting quarter for
Mowi,” Mowi CEO Ivan Vindheim said.
All-time high volumesMowi harvested an all-time
high 135 000 tonnes of salmon in the quarter. Full-year
harvest volume guidance for 2023 is maintained at a record-high 484
000 tonnes. Guidance for 2024 of 500 000 tonnes marks a new
all-time high and a milestone achievement for Mowi. As recently as
2018 harvest volumes were 375 000 tonnes, hence the group has grown
its farming volumes by 125 000 tonnes in the period, mostly
organically. Mowi's annual growth of 4.9% in the period is
surpassing that of the industry of 3.2%.
“Volume growth across the value chain is one of Mowi’s strategic
pillars. Growth within Mowi Farming has been impressive in recent
years where crossing 500 000 tonnes in farming volumes
particularly stands out,” Vindheim said.
In Mowi Farming Norway, Mowi’s most important farming entity,
volume guidance for 2023 has been increased to a record-high
295 000 tonnes from 290 000 tonnes, following good
seawater growth and operational performance. Volume guidance for
2024 has been set to 305 000 tonnes and crosses the 300 000
tonnes mark for the first time in Mowi's 60-year history.
“Crossing the 300 000 tonnes mark in Norway is a milestone
for the company and is cementing Mowi Norway’s strong license
utilisation and production efficiency. I am deeply impressed with
our Norwegian organisation that continues to deliver growth and
results,” Vindheim said.
Strong quarter from Consumer Products and
FeedConsumer Products delivered another strong quarter
operationally and financially, with seasonal record-high volumes
and operational results.
“The strong results were driven by first-rate operational
performance, increased volumes and continued good demand for
salmon. Despite a challenging economic environment with generally
higher cost of living, demand for salmon remained robust,” Vindheim
said.
Earnings in the Feed segment were seasonally record-high on
strong volumes and solid operational performance. Volumes from the
Norwegian plant were record-high on the back of continued strong
growth in sea and increased feed requirements in Mowi Farming
Norway.
The world’s most sustainableMowi was yesterday
named the world's most sustainable producer of animal proteins by
Coller FAIRR. This is the fifth consecutive year the company has
topped the prestigious list that ranks the 60 largest publicly
traded protein producers on a range of sustainability
parameters.
“Sustainability is an important part of Mowi's DNA and is at the
core of everything we do. This award once again shows that Mowi is
at the forefront of sustainable food production,” Vindheim
said.
Mowi’s Board has decided to pay a quarterly dividend of NOK 1.50
per share.
For further information, please
contact: Kristian Ellingsen, CFO, +47 905 14
275Kim Galtung Døsvig, IR Officer & Head of Treasury,
+47 908 76 339 Ola Helge Hjetland, Group Communications
Director, +47 970 67 932
About Mowi ASAMowi is one of the world's
leading seafood companies and the largest producer of farm-raised
Atlantic salmon in the world, with an estimated harvest for 2024 of
500 000 tonnes from seven farming countries including Norway,
Scotland, Ireland, Faroes, Iceland, Canada and Chile.
Mowi is a fully integrated global seafood company, bringing
salmon and other seafood of supreme quality to consumers around the
world, partly under its own MOWI brand. Mowi is ranked as the most
sustainable listed animal protein producer in the world by Coller
FAIRR.
With headquarters in Bergen, Norway, Mowi employs 11 500 people
in 25 countries worldwide, and is listed on the Oslo Stock
Exchange. Turnover was EUR 4.9 billion in 2022.
For more information, please visit www.mowi.com.
Forward looking statements This release
may be deemed to include forward-looking statements, such as
statements that relate to Mowi's goals and strategies, salmon
prices, ability to increase or vary harvest volume, production
capacity, trends in the seafood industry, restructuring
initiatives, exchange rate and interest rate fluctuations, expected
research and development expenditures, business prospects and
positioning with respect to market, demographic and pricing trends,
strategic initiatives, and the effects of any extraordinary events
and various other matters (including developments with respect to
laws, regulations and governmental policies regulating the industry
and changes in accounting policies, standards and interpretations)
on Mowi's business and results. Forward-looking statements are
typically identified by words or phrases, such as "believe,"
"expect," "anticipate," "intend," "estimate," "may increase," "may
fluctuate," "plan," "goal," "target," "strategy," and similar
expressions or future or conditional verbs such as "may," "will,"
"should," "would," and "could." Forward-looking statements are
Mowi's current estimates or expectations of future events or future
results. Actual results could differ materially from those
indicated by these statements because the realization of those
results is subject to many risks and uncertainties. Mowi
ASA's Annual Report contains additional information
about factors that could affect actual results, including: changes
to the price of salmon including the value of our biological
assets; hedging risks; risks related to fish feed; economic and
market risks; environmental risks; operational risks; risks related
to escapes, disease and sea lice; product risks; risks related to
our acquisitions; financing risks; regulation risks including
relating to food safety, the aquaculture industry, processing,
competition, anti-trust and anti-corruption; trade restriction
risks; litigation risks; tax and accounting risks; strategic and
competitive risks; and reputation risks. All forward-looking
statements included in this release are based on information
available at the time of the release, and Mowi assumes no
obligation to update any forward-looking statement.
This information is subject to the disclosure requirements
pursuant to section 5-12 of the Norwegian Securities Trading
Act.
- Mowi_Q3_2023_Presentation
- Mowi_Q3_2023_Report
Grafico Azioni Mowi ASA (TG:PND)
Storico
Da Set 2024 a Ott 2024
Grafico Azioni Mowi ASA (TG:PND)
Storico
Da Ott 2023 a Ott 2024