MOWI Mowi ASA

Mowi ASA (OSE:MOWI): Q4 2022 Trading update

Mowi ASA (OSE:MOWI): Q4 2022 Trading update

Harvest volumes Q4 2022 (1)

Farming Norway87.0 thousand tonnes
Farming Scotland10.5 thousand tonnes
Farming Chile18.5 thousand tonnes
Farming Canada11.0 thousand tonnes
Farming Ireland0.5 thousand tonnes
Farming Faroes3.0 thousand tonnes
Total130.5 thousand tonnes
  

In connection with the presentation of the Q3 2022 results, Mowi ASA guided a total harvest volume of 127 thousand tonnes (GWE) for Q4 2022. Full year harvest volumes were 464 thousand tonnes.

Note:

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

Additional information

Operational EBIT for the Group was approximately EUR 239 million in Q4 2022 (EUR 146 million in Q4 2021). Full year Operational EBIT was approximately EUR 1 005 million in 2022.

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

NorwayEUR  2.30
ScotlandEUR  0.70
ChileEUR  1.10
CanadaEUR  1.50    (Canada West EUR 2.15)
FaroesEUR  1.75
   

Operational EBIT in Consumer Products was EUR 42 million (EUR 26 million in Q4 2021) and Feed EUR 17 million in Q4 2022 (EUR 8 million in Q4 2021). Operational EBIT through the value chain for salmon of Irish origin was EUR -5 million, negatively impacted by very low volumes and challenging biology.

Reported financial net interest-bearing debt (NIBD) for the group was approximately EUR 1 760 million at the end of the quarter (excluding IFRS 16 effects), of which approximately EUR 70 million in Arctic Fish. NIBD excluding the acquisition of Arctic Fish is EUR 1 510 million. Working capital tie-up was approximately EUR 225 million in the quarter, mainly related to temporary items including inventory and accounts receivable in Sales & Marketing.

Arctic Fish’ financial position is consolidated with effect from the fourth quarter (29 December 2022). P&L will be incorporated from the first quarter of 2023.

The complete Q4 2022 report will be released on 15 February 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.



EN
16/01/2023

Underlying

MOWIMowi ASA

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

Reports on Mowi ASA

 PRESS RELEASE
Free
MOWI MOWI ASA

Mowi ASA (OSE:MOWI): Board changes

Mowi ASA (OSE:MOWI): Board changes Today, on 27 February 2026, Ørjan Svanevik has resigned from his position as Chair of the Board of Mowi ASA. The resignation as Chair of the Board is the result of Svanevik´s termination of his employment with Seatankers Management, an associated company of Geveran Trading Co. Ltd, and will be effective immediately. The nomination committee has been informed of Svanevik´s resignation and thanks him for his service. The remaining board members will constitute a quorum. The Vice Chair of the Board, Leif Teksum, will take the position as Intermediate Chair...

February 27, 2026 1 EN
Alexander Aukner
  • Alexander Aukner
BMK BENCHMARK HOLDINGS
LSG LEROY SEAFOOD GROUP ASA
AUSS AUSTEVOLL SEAFOOD ASA
AKVA AKVA GROUP ASA
SALM SALMAR ASA
GSF GRIEG SEAFOOD ASA
MOWI MOWI ASA
BAKKA BAKKAFROST P/F
SALMOCAM SALMONES CAMANCHACA SA
IFISH ICE FISH FARM AS
ASA ATLANTIC SAPPHIRE
SALME SALMON EVOLUTION HOLDING
KING THE KINGFISH COMPANY NV
AKBM AKER BIOMARINE
ISLAX ARNARLAX AS
AFISH ARCTIC FISH HOLDING AS
MAS MÅSØVAL
02/27/26 February 27, 2026 1 EN
Alexander Aukner
  • Alexander Aukner
LSG LEROY SEAFOOD GROUP ASA
AUSS AUSTEVOLL SEAFOOD ASA
SALM SALMAR ASA
GSF GRIEG SEAFOOD ASA
MOWI MOWI ASA
BAKKA BAKKAFROST P/F
SALMOCAM SALMONES CAMANCHACA SA
IFISH ICE FISH FARM AS
ISLAX ARNARLAX AS
AFISH ARCTIC FISH HOLDING AS
MAS MÅSØVAL
02/26/26 February 26, 2026 1 EN
Alexander Aukner
  • Alexander Aukner
BMK BENCHMARK HOLDINGS
LSG LEROY SEAFOOD GROUP ASA
AUSS AUSTEVOLL SEAFOOD ASA
AKVA AKVA GROUP ASA
SALM SALMAR ASA
GSF GRIEG SEAFOOD ASA
MOWI MOWI ASA
BAKKA BAKKAFROST P/F
SALMOCAM SALMONES CAMANCHACA SA
IFISH ICE FISH FARM AS
ASA ATLANTIC SAPPHIRE
SALME SALMON EVOLUTION HOLDING
KING THE KINGFISH COMPANY NV
AKBM AKER BIOMARINE
ISLAX ARNARLAX AS
AFISH ARCTIC FISH HOLDING AS
MAS MÅSØVAL
02/20/26 February 20, 2026 1 EN
Alexander Aukner
  • Alexander Aukner
LSG LEROY SEAFOOD GROUP ASA
AUSS AUSTEVOLL SEAFOOD ASA
SALM SALMAR ASA
GSF GRIEG SEAFOOD ASA
MOWI MOWI ASA
BAKKA BAKKAFROST P/F
SALMOCAM SALMONES CAMANCHACA SA
IFISH ICE FISH FARM AS
ISLAX ARNARLAX AS
AFISH ARCTIC FISH HOLDING AS
MAS MÅSØVAL
02/20/26 February 20, 2026 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch