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Mowi Scotland earns most per kilo in second quarter

Mowi's consumer products facility at Rosyth in Fife. Mowi Scotland made EBIT per kilo of €2.90 in Q2. Photo: Mowi.
Mowi's consumer products facility at Rosyth in Fife. Mowi Scotland made EBIT per kilo of €2.90 in Q2. Photo: Mowi.

Mowi Scotland harvested 16,000 tonnes of salmon in the second quarter of this year and made the highest earnings per kilo out of all of the Norwegian farmer’s operations.

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Overall Mowi, the world’s biggest salmon farmer, harvested 98,500 tonnes gutted weight equivalent, 500 tonnes more than guided in its first-quarter report, it said in a market update today.

Mowi’s Q2 harvest figures were:

  • Farming Norway          51,500 gwt
  • Farming Scotland         16,000 gwt
  • Farming Canada           12,500 gwt
  • Farming Chile                15,000 gwt
  • Farming Ireland            2,000 gwt
  • Farming Faroes            1,500 gwt
  • Total                               98,500 gwt

Operational EBIT in Q2 was approximately €208 million (£187m), up from €175m in the same period last year.

Mowi said that a restructuring provision of €19m for industrial and social reorganisation related to the rebuilding of the Kritsen smokehouse in Landivisiau, France would impact financial EBIT in the second quarter.

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

  • Norway      €2.45
  • Scotland     €2.90
  • Canada       €0.85
  • Chile           €1.85
  • Ireland       €2.65
  • Faroes        €6.65

The complete Q2 report will be released on August 21.

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