Mowi ASA
OSE:MOWI
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Mowi ASA
Mowi ASA, formerly known as Marine Harvest, holds its place as a titan in the global seafood industry, distinguishing itself primarily in the salmon farming sector. This Norwegian giant weaves together a complex tapestry of operations, anchored in the sustainable and efficient farming of Atlantic salmon. Positioned strategically from Norway to Chile and Canada to Ireland, Mowi commands an impressive feat of aquatic agriculture. Through advanced aquaculture techniques, such as controlled feeding and enhanced breeding for optimal growth, the company minimizes its environmental footprint while ensuring consistent quality. It also employs sophisticated data analytics to monitor and manage the health of its stock, underscoring its commitment to sustainability and innovation.
The company's economic engine roars to life through several revenue streams. At its core, Mowi generates income by breeding, growing, and harvesting salmon, which is then processed into various forms, including fresh, frozen, and smoked products, catering to diverse consumer preferences. Mowi also maneuvers through other markets by providing feed and genetic services, reflecting its vertically integrated business model. Retail partnerships and its own brand presence in supermarkets worldwide amplify its reach, further cementing its financial stability. With an eye on expanding its portfolio, Mowi commits to research and development to enhance production efficiencies and reduce costs, thereby strengthening its profitability. The result is a finely tuned operation that capitalizes on the soaring global demand for healthy, protein-rich seafood, allowing Mowi ASA to not only survive but thrive at the forefront of the aquaculture industry.
Mowi ASA, formerly known as Marine Harvest, holds its place as a titan in the global seafood industry, distinguishing itself primarily in the salmon farming sector. This Norwegian giant weaves together a complex tapestry of operations, anchored in the sustainable and efficient farming of Atlantic salmon. Positioned strategically from Norway to Chile and Canada to Ireland, Mowi commands an impressive feat of aquatic agriculture. Through advanced aquaculture techniques, such as controlled feeding and enhanced breeding for optimal growth, the company minimizes its environmental footprint while ensuring consistent quality. It also employs sophisticated data analytics to monitor and manage the health of its stock, underscoring its commitment to sustainability and innovation.
The company's economic engine roars to life through several revenue streams. At its core, Mowi generates income by breeding, growing, and harvesting salmon, which is then processed into various forms, including fresh, frozen, and smoked products, catering to diverse consumer preferences. Mowi also maneuvers through other markets by providing feed and genetic services, reflecting its vertically integrated business model. Retail partnerships and its own brand presence in supermarkets worldwide amplify its reach, further cementing its financial stability. With an eye on expanding its portfolio, Mowi commits to research and development to enhance production efficiencies and reduce costs, thereby strengthening its profitability. The result is a finely tuned operation that capitalizes on the soaring global demand for healthy, protein-rich seafood, allowing Mowi ASA to not only survive but thrive at the forefront of the aquaculture industry.
Revenue & Profit: Mowi reported EUR 1.39 billion in operating revenue and EUR 112 million in operational profit for Q3, with profit impacted by soft salmon prices below industry cost.
Record Harvest Volumes: The company achieved record high harvest volumes of 166,000 tonnes, slightly above previous guidance.
Cost Reduction: Weighted realized production cost was EUR 5.42 per kilo, stable quarter-over-quarter and down 5% year-on-year, translating to significant year-over-year savings.
Guidance Raised: 2025 harvest volume guidance was raised from 545,000 to 554,000 tonnes (+10.5% YoY), and 2026 guidance is now 605,000 tonnes (+9.2% YoY).
Nova Sea Acquisition: The acquisition of Nova Sea was completed and will be fully consolidated from Q4, contributing to higher volume guidance and expected synergies.
Dividend: The Board declared a quarterly dividend of NOK 1.50 per share after Q3.
Strong Consumer & Feed: Consumer Products and Feed divisions both delivered record-high earnings in the quarter.
Outlook: While prices remain soft, supply growth has normalized and demand remains strong, supporting an optimistic view for future pricing.