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An increase of 133% from the same quarter in 2021

Mowi ASA has reported that the operational EBIT was approximately EUR 320 million in Q2 2022. In other words, an increase of 133% from the same quarter in 2021 (EUR 137 million).

According to the company’s quarterly trading update, the total operational EBIT per kg through the value chain has approximately been:

  • Norway: EUR 3.95
  • Scotland: EUR 1.60
  • Chile: EUR 1.05
  • Canada: EUR 3 (Canada West EUR 3.85)
  • Ireland: EUR 2.80
  • Faroe Islands: EUR 5.80
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In addition, the operational EBIT in consumer products was EUR 18 million, two more million than in Q2 2021, and feed EUR 2 million in Q2 2022, one less million than in Q2 2021.   

Besides, the reported financial net interest-bearing debt (NIBD) was approximately EUR 1,240 million at the end of the quarter (excluding IFRS 16 effects).

Finally, Mowi ASA guided a total harvest volume of 99 thousand tonnes (GWE) for Q2 2022, in connection with the presentation of the figures for the first quarter. The harvest volume ended at 103,000 tonnes in the quarter and the specific data were have been:

  • Norway: 60,000 tonnes
  • Scotland: 13,000 tonnes
  • Chile: 14,500 tonnes
  • Canada: 10,500 tonnes
  • Ireland: 3,500 tonnes
  • Faroe Islands: 1,500 tonnes

The complete Q2 2022 report will be released on 24 August at 06:30 CET.

In may, during the presentation of Mowi’s first quarter 2022 report, CEO Ivan Vindheim confirmed the “salmon demand will continue to boost”.

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