UK markets open in 2 hours 57 minutes
  • NIKKEI 225

    26,768.82
    +20.68 (+0.08%)
     
  • HANG SENG

    20,226.24
    +114.14 (+0.57%)
     
  • CRUDE OIL

    111.00
    +1.23 (+1.12%)
     
  • GOLD FUTURES

    1,860.90
    -4.50 (-0.24%)
     
  • DOW

    31,928.62
    +48.38 (+0.15%)
     
  • BTC-GBP

    24,052.04
    +591.42 (+2.52%)
     
  • CMC Crypto 200

    672.35
    +16.53 (+2.52%)
     
  • ^IXIC

    11,264.45
    -270.83 (-2.35%)
     
  • ^FTAS

    4,126.79
    -23.49 (-0.57%)
     

Mowi ASA (OSE:MOWI): Q4 2021 Trading update

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·2-min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

Mowi ASA (OSE:MOWI): Q4 2021 Trading update

Harvest volumes Q4 2021 (1)

Farming Norway

71.0 thousand tonnes

Farming Scotland

12.0 thousand tonnes

Farming Chile

16.5 thousand tonnes

Farming Canada

10.0 thousand tonnes

Farming Ireland

1.5 thousand tonnes

Farming Faroes

4.0 thousand tonnes

Total

115.0 thousand tonnes

In connection with the presentation of the Q3 2021 results, Mowi ASA guided a total harvest volume of 104 thousand tonnes (GWE) for Q4 2021.

Harvest volumes FY 2021 (1)

Farming Norway

273.0 thousand tonnes

Farming Scotland

64.5 thousand tonnes

Farming Chile

66.0 thousand tonnes

Farming Canada

45.5 thousand tonnes

Farming Ireland

7.0 thousand tonnes

Farming Faroes

10.0 thousand tonnes

Total

466.0 thousand tonnes

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

Additional information

Operational EBIT for the Group was approximately EUR 146 million in Q4 2021 (EUR 49 million in Q4 2020). Blended Farming cost per kg harvested was EUR 4.62 vs EUR 4.59 in the third quarter. Operational EBIT was negatively impacted by EUR 8 million related to extraordinary mortalities in Canada East. This affected total margin in the quarter by 0.07 EUR/kg.

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

Norway

EUR

1.75

Scotland

EUR

0.60

Chile

EUR

0.65

Canada

EUR

0.05 (Canada West: EUR 1.05)

Ireland

EUR

0.95

Faroes

EUR

1.40

Operational EBIT in Consumer Products was EUR 26 million (EUR 35 million in Q4 2020) and Feed EUR 8 million in Q4 2021 (EUR 14 million in Q4 2020).

Reported financial net interest-bearing debt (NIBD) was approximately EUR 1 260 million at the end of the quarter (excluding IFRS 16 effects).

The complete Q4 2021 report will be released on 16 February 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.


Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting