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Mowi ASA (OSE:MOWI): Q3 2022 Trading update

Written by Customer Service on . Posted in Public Companies.

Harvest volumes Q3 2022 (1)

Farming Norway87.5 thousand tonnes
Farming Scotland14.5 thousand tonnes
Farming Chile17.0 thousand tonnes
Farming Canada11.0 thousand tonnes
Farming Ireland2.0 thousand tonnes
Farming Faroes2.0 thousand tonnes
Total134.0 thousand tonnes

In connection with the presentation of the Q2 2022 results, Mowi ASA guided a total harvest volume of 131 thousand tonnes (GWE) for Q3 2022.

Note:
(1) The harvest volumes are provided in gutted weight equivalents (GWE).

Additional information

Operational EBIT for the Group was approximately EUR 240 million in Q3 2022 (EUR 131 million in Q3 2021).

Total Operational EBIT per kg through the value chain was approximately as follows:

NorwayEUR  2.55
ScotlandEUR  0.30
ChileEUR   1.25
CanadaEUR  -0.35   (Canada West: EUR 0.80)
IrelandEUR   -1.20
FaroesEUR   1.05

Operational EBIT in Consumer Products was EUR 30 million (EUR 22 million in Q3 2021) and Feed EUR 15 million in Q3 2022 (EUR 10 million in Q3 2021). Farming Scotland and Ireland were negatively impacted by environmental issues related to micro-jellyfish; incident-based mortality was EUR 0.5/kg in Scotland and EUR 3/kg in Ireland.

Reported financial net interest-bearing debt (NIBD) was approximately EUR 1 355 million at the end of the quarter (excluding IFRS 16 effects).

The complete Q3 2022 report will be released on 9 November 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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