Mowi ASA (OSE:MOWI): Q4 2023 Trading update
Harvest volumes Q4 2023 (1)
Farming Norway | 81.0 thousand tonnes |
Farming Scotland | 10.5 thousand tonnes |
Farming Chile | 27.5 thousand tonnes |
Farming Canada | 4.0 thousand tonnes |
Farming Ireland | - thousand tonnes |
Farming Faroes | 3.5 thousand tonnes |
Farming Iceland (Arctic Fish) | 2.5 thousand tonnes |
Total | 129.0 thousand tonnes |
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Full year harvest volumes were record-high 475 thousand tonnes in 2023 versus 464 thousand tonnes in 2022.
Note:
(1) The harvest volumes are provided in gutted weight equivalents (GWE).
Additional information
Operational EBIT for the Group was approximately EUR 203 million in Q4 2023 (NOK 2.4 billion, NOKEUR 11.65) versus EUR 239 million in Q4 2022 (NOK 2.5 billion, NOKEUR 10.39). Blended farming cost was EUR 5.58 per kg in the quarter.
Full year Operational EBIT in 2023 was record-high at approximately EUR 1 028 million (NOK 11.7 billion, NOKEUR 11.42), versus EUR 1 005 million (NOK 10.2 billion, NOKEUR 10.10) in 2022.
Total Q4 Operational EBIT per kg through the value chain was approximately as follows:
Norway | EUR | 2.40 |
Scotland | EUR | (0.10) |
Chile | EUR | 0.40 |
Canada | EUR | (1.20) |
Ireland | EUR | - |
Faroes | EUR | 2.15 |
Iceland | EUR | 1.30 |
Operational EBIT in Consumer Products was EUR 38 million (EUR 43 million in Q4 2022). Operational EBITDA in Feed was EUR 16 million in Q4 2023 (EUR 21 million in Q4 2022). Reported financial net interest-bearing debt (NIBD) for the group was approximately EUR 1 790 million at the end of the quarter (excluding IFRS 16 effects). The complete Q4 2023 report will be released on 14 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.
