Mowi salmon farm.(Photo: Mowi)
Mowi reports higher salmon harvest but lower profits for Q3
NORWAY
Tuesday, October 15, 2019, 21:50 (GMT + 9)
Mowi informed that the group achieved an operational EBIT of approximately EUR 146 million in Q3 2019, compared with EUR 207 million in the corresponding quarter in 2018. The company explained that net negative one-offs in Mowi Canada have impacted the operational EBIT by approximately EUR 5 million in Q3 2019.
Alf-Helge Aarskog - CEO Mowi
Total Operational EBIT per kg through the value chain was approximately as follows:
- Norway: EUR 1.65
- Scotland: EUR 1.35
- Canada: EUR 0.00
- Chile: EUR 1.30
- Ireland: EUR 1.40
- Faroes: EUR 1.40
Reported financial net interest-bearing debt (NIBD) was approximately EUR 1,230 million at the end of the quarter (excluding IFRS 16 effects).
The salmon farming company also informed that harvest volumes in Q3 2019 amounted to 117 thousand tonnes, above the 113 thousand tonnes /GWE) that Mowi ASA guided for Q3 2019 in the presentation of the Q2 results.
Harvest volumes Q3 2019
Norway |
63,500 tonnes |
Scotland |
19,500 tonnes |
Canada |
16,000 tonnes |
Chile |
14,000 tonnes |
Ireland |
2,000 tonnes |
Faroes |
2,000 tonnes |
Total |
117,000 tonnes |
The complete Q3 2019 report will be released on 30 October at 06:30 CET.
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