Higher revenues for Mowi in Q2
The world’s biggest salmon farmer, Mowi, harvested 13,000 tonnes in Scotland in the second quarter of 2022, it said in a market update today.
The Norwegian company harvested 103,000 gwt in total in Q2, 4,000 gwt more than guided in its Q1 2022 report.
The harvest distribution was:
Farming Norway - 60,000 gwt
Farming Scotland - 13,000 gwt
Farming Canada - 10,500 gwt
Farming Chile - 14,500 gwt
Farming Ireland - 3,500 gwt
Farming Faroe Islands - 1,500 gwt
Operational EBIT for the group was approximately €320 million in Q2 2022 (€137 million in Q2 2021).
Total Operational EBIT per kg through the value chain was approximately as follows:
Norway – €3.95
Scotland – €1.60
Chile – €1.05
Canada – €3.00 (Canada West: €3.85)
Ireland – €2.80
Faroes – €5.80
Operational EBIT in Consumer Products was €18 million (€16 million in Q2 2021) and Feed €2 million in Q2 2022 (€3 million in Q2 2021).
Reported financial net interest-bearing debt (NIBD) was approximately €1,240 million at the end of the quarter (excluding IFRS 16 effects).
The complete Q2 2022 report will be released on 24 August.
