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Mowi ASA (OSE:MOWI): Q2 2022 Trading update

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Mowi ASA
Mowi ASA

Harvest volumes Q2 2022 (1)

Farming Norway

60.0 thousand tonnes

Farming Scotland

13.0 thousand tonnes

Farming Chile

14.5 thousand tonnes

Farming Canada

10.5 thousand tonnes

Farming Ireland

3.5 thousand tonnes

Farming Faroes

1.5 thousand tonnes

Total

103.0 thousand tonnes

In connection with the presentation of the Q1 2022 results, Mowi ASA guided a total harvest volume of 99 thousand tonnes (GWE) for Q2 2022.

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

Additional information

Operational EBIT for the Group was approximately EUR 320 million in Q2 2022 (EUR 137 million in Q2 2021).

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

Norway

EUR

3.95

Scotland

EUR

1.60

Chile

EUR

1.05

Canada

EUR

3.00   (Canada West: EUR 3.85)

Ireland

EUR

2.80

Faroes

EUR

5.80

 

 

 

Operational EBIT in Consumer Products was EUR 18 million (EUR 16 million in Q2 2021) and Feed EUR 2 million in Q2 2022 (EUR 3 million in Q2 2021).

Reported financial net interest-bearing debt (NIBD) was approximately EUR 1 240 million at the end of the quarter (excluding IFRS 16 effects).

The complete Q2 2022 report will be released on 24 August 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.


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