Mowi, according to the latest data update this morning, has an operating profit of around €322 million. Beforehand, according to estimations, an operating profit of EUR 284 million was expected, so it is well above expectations.
Although the full report will not be available until May 10, very positive data is reported. In the last year, Mowi has not stopped growing. The 2022 annual data report that the company closed with revenues of €4940 million, an increase of around €700 million from 2021. For the first time, the salmon giant exceeded an operating result of more than €1 billion for a full year.
Moreover, Mowi now produces salmon in seven different countries, following the recent acquisition of Arctic Fish, the salmon-producing company in Iceland. These facts demonstrate its growth by leaps and bounds.
The development in the first three months of 2023 follows what was a historic year for the salmon giant in 2022. The ratio to fourth-quarter figures in mid-February showed a satisfactory dividend. It only remains to wait for the official report and how the salmon tax will impact, but the forecast of the company is promising.
Mowi ASA is a global leader in the seafood industry and the top producer of farmed salmon worldwide. The company employs 11 500 people and is represented in 25 countries. In 2022 the company had a turnover of EUR 4.9 billion. Mowi is listed on the Oslo Stock Exchange (OSE) and its share also trades on the US OTC market.