International Courant
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On Wednesday morning, Mowi reported one other document on the highest line with a turnover of 1.36 billion euros, in comparison with 1.26 billion euros in the identical quarter final yr. As identified prematurely, the operational working end result amounted to 203 million euros.
It was barely weaker than the identical quarter final yr, and likewise barely weaker than analysts anticipated.
Mowi’s board has selected a dividend of NOK 1.5 per share, or NOK 775 million in whole.
In a inventory change announcement, the breeder factors to document volumes, good enterprise operations and excessive salmon costs as a backdrop to a different stable quarter. For Mowi, the information have come like pearls on a string over the previous yr, consistent with elevated slaughter volumes and more and more increased costs. Prior to now two quarters alone, a couple of and a half billion kroner in dividends have been paid out to shareholders.
The slaughter quantity, which amounted to 135,004 tonnes within the quarter, was additionally a brand new document.
Mowi
The biggest salmon firm on this planet. Has manufacturing in seven international locations and gross sales and processing in much more. Has roughly 14,000 workers. The corporate’s largest working space is Norway, the place it produces alongside all the coast. The top workplace is positioned in Bergen. Personal actions throughout all the worth chain, from feed manufacturing and hatcheries to marine salmon farms, slaughterhouses and processing. John Fredriksen and Folketrygdfondet are the biggest house owners, with 14.4 and eight.1 p.c respectively. In 2022, turnover amounted to 4.9 billion euros, whereas the adjusted working end result was 1.0 billion eurosExcessive costs and decrease gives
Within the quarterly report, Mowi writes that the salmon market continued a optimistic pattern within the third quarter, with spot costs for that interval near document ranges. Greater contract costs additionally contributed to an general strong market, regardless of decreased provide globally.
The Client Merchandise phase, the breeder’s additional processing actions, accounts for the lion’s share of turnover, with a turnover of 876 million euros within the third quarter.
– The sturdy ends in ending are primarily on account of good enterprise operations, but additionally to elevated volumes and robust demand. Regardless of a demanding financial scenario for a lot of, demand for salmon stays good, CEO Ivan Vindheim stated in a inventory change announcement.
Within the report, Mowi reiterates a harvest quantity estimate of 484,000 tons for all of 2023 and 500,000 tons in 2024.
The article continues beneath the commercialPresent all positions
It additionally states that Mowi has booked a one-off value merchandise of 23.6 million euros, linked to the introduction of the much-discussed salmon tax. The breeder estimates that the efficient inheritance tax charge for Mowi Norway, throughout all the worth chain, can be roughly ten p.c.
Salmon lice in Iceland
Mowi produces salmon in seven completely different international locations. Norway is by far the biggest manufacturing nation, with greater than half of the slaughter volumes. Norway was additionally probably the most worthwhile nation for Mowi this quarter, with an working revenue of two.15 euros or 24.5 kroner per kilo.
The corporate posted its weakest ends in Canada, the place its operations had been within the pink. Iceland barely completed within the plus.
The article continues beneath the commercialIceland’s slaughter within the quarter was 4,500 tonnes, in comparison with 86,000 tonnes in Norway or 135,000 tonnes in whole.
As DN stated final week, Mowi is having some main issues with salmon lice in Iceland after the tip of the quarter. Giant numbers of salmon lice have eaten the pores and skin from the heads of some Mowi fish in northwestern Iceland.
Dramatic photographs: – Nobody has seen something like this earlier than
Salmon fully eaten by lice on the facility of Mowi’s Icelandic subsidiary Arctic Fish in Iceland. All fish within the facility should be lifeless or sick.
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Printed: 01.11.23 — 09:39
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Mowi stories one other earnings document – publicizes a dividend of NOK 1.5 per share
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