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Mowi profits rocket on back of soaring salmon prices

Mowi profits rocket on back of soaring salmon prices

The world’s biggest Atlantic salmon farmer, Mowi, almost doubled its operating profit in the first quarter of 2022 compared to the same period last year because of high spot prices, it reported today.

Lower harvest and higher operating profit for Mowi

Lower harvest and higher operating profit for Mowi

Salmon farmer Mowi almost doubled operating profit in the first quarter of this year despite producing 22% fewer gutted weight tonnes of fish than in the same period last year and having higher costs.

Mowi harvested 64,500 gwt in Scotland last year

Mowi harvested 64,500 gwt in Scotland last year

Mowi Scotland harvested 12,000 gutted weight tonnes of salmon in the fourth quarter of last year and 64,500 gwt for the whole of 2021, it said in a market update today.

Mowi Q3 profit rises 64% despite €11m hit in Canada

Mowi Q3 profit rises 64% despite €11m hit in Canada

The world’s biggest salmon farmer, Mowi, made an operating profit of €131 million (£110.5m) on a harvest of 117,000 gutted weight tonnes in the third quarter of this year.

Mowi Scotland chalks up record Q2 harvest and doubles operating profit

Mowi Scotland chalks up record Q2 harvest and doubles operating profit

Mowi Scotland harvested a second-quarter record volume of salmon this year and more than doubled its operating profit compared to the same period in 2020.

Mowi Scotland doubles first quarter harvest

Mowi Scotland doubles first quarter harvest

Mowi Scotland harvested 18,500 tonnes (gutted weight equivalent) of salmon in the first quarter of this year, twice the volume harvested in Q1 2020 when volumes had been impacted by biological problems in 2019.

Former Mowi IT expert joins ocean forecaster Scoot Science

Former Mowi IT expert joins ocean forecaster Scoot Science

A software engineer with more than 20 years’ experience in aquaculture-specific IT has joined California-based Scoot Science, a leader in ocean analytics and forecasting for fish farmers.

Mowi Scotland shines as fish health improves

Mowi Scotland shines as fish health improves

Mowi Scotland outperformed all the company’s other farming operations except Ireland in the last quarter of 2020, mainly due to lower costs following improved biological performance.

Mowi Scotland harvested 53,000 tonnes in 2020

Mowi Scotland harvested 53,000 tonnes in 2020

Mowi Scotland harvested 13,000 tonnes (gutted weight equivalent) of Atlantic salmon in the final quarter of last year, it said in a trading update today.

Mowi operating profit down by 46% for Q3

Mowi operating profit down by 46% for Q3

Mowi’s operating profit for the third quarter of this year was €80 million, a fall of 46% compared to the €148m made in Q3 2019, it revealed in a market announcement today.

Service boat operator FSV orders five new vessels

Service boat operator FSV orders five new vessels

Norwegian aquaculture service boat operator FSV Group has signed a contract for the delivery of five new vessels from boatbuilder Sletta Verft.

State of Salmon Aquaculture Technologies report unveiled for BC salmon farmers

State of Salmon Aquaculture Technologies report unveiled for BC salmon farmers

The Department of Fisheries and Oceans (DFO) has released a report that outlines options for transitioning the British Columbia (BC) salmon farming industry from open net-pen farming.

High prices push Mowi Scotland’s profits up in Q4

High prices push Mowi Scotland’s profits up in Q4

The demand for high-quality Scottish salmon has been highlighted in fourth-quarter results from the country’s biggest producer, Mowi.