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

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.