MOWI Mowi ASA

Mowi ASA – Green Bond Mandate Announcement and Fixed Income Investor Meetings

Mowi ASA – Green Bond Mandate Announcement and Fixed Income Investor Meetings

Bergen, 22 April 2024 – Reference is made to the stock exchange notice published 26 March 2024 where Mowi announced the assignment of a BBB+ investment grade rating with stable outlook from Nordic Credit Rating.

Mowi has mandated Danske Bank (Green Bond Advisor), DNB Markets, Nordea and SEB as Global Coordinators and Joint Lead Managers, and ABN AMRO, Crédit Agricole Corporate and Investment Bank and Rabobank as Joint Lead Managers to arrange a series of physical and virtual fixed income investor meetings commencing on Tuesday 23 April. One or more NOK denominated senior unsecured green bond issues (swapped to EUR) with a minimum tenor of 5 years may follow, subject to inter alia market conditions.

For further information, please contact:

Kristian Ellingsen, CFO,

Kim Galtung Døsvig, IR Officer & Head of Treasury,

About Mowi ASA

Mowi is one of the world's leading seafood companies and the largest producer of farm-raised Atlantic salmon in the world, with an estimated harvest for 2024 of 500 000 tonnes from seven farming countries including Norway, Scotland, Ireland, Faroes, Iceland, Canada and Chile.

Mowi is a fully integrated global seafood company, bringing salmon and other seafood of supreme quality to consumers around the world, partly under its own MOWI brand. Mowi is ranked as the most sustainable listed animal protein producer in the world by Coller FAIRR.

With headquarters in Bergen, Norway, Mowi employs 11 500 people in 26 countries worldwide, and is listed on the Oslo Stock Exchange. Turnover was EUR 5.5 billion in 2023.

For more information, please visit



EN
22/04/2024

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Mowi ASA

 PRESS RELEASE

Mowi ASA: Ex-dividend NOK 1.50 today

Mowi ASA: Ex-dividend NOK 1.50 today The shares in Mowi ASA will be traded ex-dividend of NOK 1.50 as from today 16 May 2024. This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

 PRESS RELEASE

Mowi ASA: Eks. utbytte NOK 1,50 i dag

Mowi ASA: Eks. utbytte NOK 1,50 i dag Aksjene i Mowi ASA noteres eks. utbytte på NOK 1,50 fra og med i dag 16. mai 2024. Denne opplysningen er informasjonspliktig etter verdipapirhandelloven §5-12.

Alexander Aukner
  • Alexander Aukner

Mowi (Buy, TP: NOK235.00) - Operational recovery under way

Q1 operating EBIT was EUR201m and Mowi proposed a DPS of NOK1.5. The Norwegian operations have suffered due to a high share of downgraded fish; however, with new vaccines, increased filleting capacity and better preparedness for jellyfish, we find a brighter outlook. Also, feed input costs have started to turn for the better, and Mowi expects lower costs in H2. We have increased our 2024–2026e EPS by 5.6–2.7%, and reiterate our BUY and NOK235 target price.

ResearchPool Subscriptions

Get the most out of your insights

Get in touch