Mowi ASA (OSE:MOWI): Q1 2025 Trading update
In This Article:
Harvest volumes Q1 2025 (1)
| Farming Norway | 62.0 thousand tonnes |
| Farming Scotland | 17.5 thousand tonnes |
| Farming Chile | 14.0 thousand tonnes |
| Farming Canada | 5.0 thousand tonnes |
| Farming Ireland | 2.5 thousand tonnes |
| Farming Faroes | 4.0 thousand tonnes |
| Farming Iceland (Arctic Fish) | 3.0 thousand tonnes |
| Total | 108.0 thousand tonnes |
In connection with the presentation of the Q4 2024 results, Mowi guided a total harvest volume of 108k GWT for Q1 2025 (96.5k GWT in Q1 2024).
Note:
(1) The harvest volumes are provided in gutted weight equivalents (GWT).
Additional information
Operational EBIT for the Group was approx. EUR 214 million in Q1 2025 (NOK 2,497 million / EURNOK 11.65) versus EUR 201 million in Q1 2024 (NOK 2,288 million / EURNOK 11.41). Blended farming cost was EUR 5.89 per kg in the quarter, down from EUR 6.05 in Q1 2024.
Total Q1 Operational EBIT per kg through the value chain was approximately as follows:
| Norway | EUR | 2.50 |
| Scotland | EUR | 1.80 |
| Chile | EUR | 0.90 |
| Canada | EUR | 0.80 |
| Ireland | EUR | 0.95 |
| Faroes | EUR | 2.75 |
| Iceland | EUR | 0.00 |
Operational EBIT in Consumer Products was EUR 33 million. Operational EBITDA in Feed was EUR 7 million in Q1 2025. Reported financial net interest-bearing debt (NIBD) for the group was approximately EUR 1 890 million at the end of the quarter (excluding IFRS 16 effects). The complete Q1 2025 report will be released on 14 May at 06:30 CET.
Please refer to the Annual Report for detailed descriptions and reconciliations of non-IFRS measures such as Operational EBIT and NIBD.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.