Mowi ASA (OSE:MOWI): Q1 2024 Trading update
April 18 2024 - 12:30AM
Mowi ASA (OSE:MOWI): Q1 2024 Trading update
Harvest volumes Q1 2024 (1)
Farming
Norway |
55.0 thousand tonnes |
Farming
Scotland |
14.5 thousand tonnes |
Farming
Chile |
12.5 thousand tonnes |
Farming
Canada |
8.5 thousand tonnes |
Farming
Ireland |
1.0 thousand tonnes |
Farming
Faroes |
2.5 thousand tonnes |
Farming Iceland
(Arctic Fish) |
2.5 thousand tonnes |
Total |
96.5 thousand tonnes |
|
|
Note:(1) The harvest volumes are provided in
gutted weight equivalents (GWE).
Additional information
Operational EBIT for the Group was approximately EUR 201 million
in Q1 2024. Blended farming cost was EUR 6.05 per kg in the
quarter. Issues with winter sores and string jellyfish have
resulted in low superior share and average size on fish harvested
in Norway. This has impacted price and cost performance
accordingly.
Total Q1 Operational EBIT per kg through the value chain was
approximately as follows:
Norway |
EUR |
2.50 |
Scotland |
EUR |
2.20 |
Chile |
EUR |
0.95 |
Canada |
EUR |
(0.25)
|
Ireland |
EUR |
3.90 |
Faroes |
EUR |
3.50 |
Iceland |
EUR |
3.80 |
Operational EBIT in Consumer Products was EUR 24 million.
Operational EBITDA in Feed was EUR 6 million in Q1 2024. Reported
financial net interest-bearing debt (NIBD) for the group was
approximately EUR 1 820 million at the end of the quarter
(excluding IFRS 16 effects). The complete Q1 2024 report will be
released on 8 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.
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