Welcome   Sponsored By
Subscribe | Register | Advertise | Newsletter | About us | Contact us
   


Photo: Stockfile/FIS

Record-Breaking Quarter for Salmon Giant Mowi

Click on the flag for more information about Norway NORWAY
Wednesday, October 16, 2024, 00:10 (GMT + 9)

Mowi, the global leader in salmon farming, achieved a record slaughter volume of 161,000 tonnes in the third quarter of 2024, as announced in a recent stock exchange filing.

The volume was distributed as follows:

  • Norway: 106,000 tonnes
  • Scotland: 15,000 tonnes
  • Canada: 7,000 tonnes
  • Chile: 23,000 tonnes
  • Ireland: 3,500 tonnes
  • Faroe Islands: 3,000 tonnes
  • Iceland (Arctic Fish): 3,500 tonnes

Mowi's Q3 slaughter volume exceeded the company's earlier guidance of 159.5 thousand tonnes gutted weight, surpassing expectations and setting a new quarterly record.

Financial Highlights
Mowi reported an operational EBIT of approximately EUR 173 million (NOK 2,035 million) for Q3 2024, with an exchange rate of EURNOK 11.76. The company's blended farming cost per kilogram was EUR 5.72, a slight improvement from EUR 5.84 in Q2 2024 and similar to Q3 2023's EUR 5.73 per kg.

Operational EBIT per Kilogram by Region:

  • Norway: EUR 1.40
  • Scotland: EUR 0.85
  • Chile: EUR 0.60
  • Canada: EUR -0.55 (Canada East: EUR 0.64)
  • Ireland: EUR 1.20
  • Faroe Islands: EUR 0.60
  • Iceland: EUR 0.40

Mowi's Consumer Products division contributed EUR 43 million in operational EBIT, while the Feed division generated an operational EBITDA of EUR 25 million for Q3 2024.

Debt Position
At the end of the quarter, Mowi's reported financial net interest-bearing debt (NIBD) stood at approximately EUR 1,770 million, excluding IFRS 16 effects.

The complete Q3 2024 report is scheduled for release on November 6 at 06:30 CET.

editorial@seafood.media
www.seafood.media


 Print


Click to know how to advertise in FIS
MORE NEWS



Lenguaje
FEATURED EVENTS
  
TOP STORIES
Remote Electronic Monitoring on bluefin tuna processing vessels
European Union Since 2022,the European Union has been funding a Pilot Project for the use of remote electronic monitoring systems on processing vessels for bluefin tuna. This pilot project complements revised fishe...
Opinion: Chinese illegal fishing. The idiocy has no borders
Argentina Idiot (from the Greek ἰδιώτης idiṓtēs) is a citizen who remains out of public life, a person who is not a scholar or participates in matters and interests of the community. T...
$64m agreement signed during Pakistan-China B2B Investment Meeting on Fisheries
Pakistan The first Pakistan-China B2B Investment Meeting on Fisheries was organized in Qingdao, Shandong province. The event, sponsored by TDAP, was the first in a series of sector-specific meetings to foster...
Tuna Industry and Fishermen Face Challenges as Year-End Approaches
Viet Nam As year-end approaches, Vietnamese tuna processing and export businesses are struggling to secure pure-origin raw materials necessary to meet new year orders and benefit from preferential tariff q...
 

Maruha Nichiro Corporation
Nichirei Corporation - Headquarters
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation - Wartsila Group Headquarters
ITOCHU Corporation - Headquarters
BAADER - Nordischer Maschinenbau Rud. Baader GmbH+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Sea Harvest Corporation (PTY) Ltd. - Group Headquarters
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
AquaChile S.A. - Group Headquarters
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods, Inc
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO - Food and Agriculture Organization - Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Brim ehf (formerly HB Grandi Ltd) - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Grupo Pereira Headquarters
Costa Meeresspezialitäten GmbH & Co. KG
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Mowi ASA (formerly Marine Harvest ASA) - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. - Headquarters
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
CJ Corporation  - Group Headquarters
Greenpeace International - The Netherlands | Headquarters
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
NOREBO Group (former Ocean Trawlers Group)
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation - Headquarters
Cooke Inc. - Group Headquarters
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart | Wal-Mart Stores, Inc. (Supermarket) - Headquarters
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2024 Seafood Media Group Ltd.| All Rights Reserved.   DISCLAIMER