MOWI.OL - Mowi ASA

Oslo - Oslo Delayed Price. Currency in NOK
217.10
-0.40 (-0.18%)
At close: 4:25PM CEST
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Previous Close217.50
Open217.00
Bid217.50 x 0
Ask217.70 x 0
Day's Range215.80 - 218.20
52 Week Range169.20 - 218.50
Volume687,065
Avg. Volume1,091,004
Market Cap112.032B
Beta (3Y Monthly)0.70
PE Ratio (TTM)232.94
EPS (TTM)0.93
Earnings DateAug 21, 2019
Forward Dividend & Yield10.40 (4.78%)
Ex-Dividend Date2019-05-16
1y Target Est215.55
  • GlobeNewswire4 days ago

    Mowi ASA (OSE:MOWI): Q2 2019 Trading update

    Harvest volumes Q2 2019 (1) Farming Norway51.5 thousand tonnesFarming Scotland16.0 thousand tonnesFarming Canada12.5 thousand tonnesFarming Chile15.0 thousand tonnesFarming.

  • Saudi Prince’s Cultural Revolution Comes to Scotland
    Bloomberg17 days ago

    Saudi Prince’s Cultural Revolution Comes to Scotland

    (Bloomberg) -- In the Scottish Highlands, where rugged mountains collide with the Atlantic, Lewis Gibson reaches into a bucket of brown pellets and scatters a handful into the gray salt water of Loch Leven. Under the surface, there’s a flurry of activity as thousands of salmon jostle for a snack.“They can feed better on an overcast day rather than a bright blue sunny one,” says Gibson, 30, as drizzle and 13 degrees Celsius (55 degrees Fahrenheit) gave way to patches of sunshine.The scene on a June day hardly feels like summer, and couldn’t contrast more with the arid heat of the Middle East. But if all goes to plan, some of the fish being bred at marine farming company Mowi ASA’s site in the sea loch between Glencoe and Ben Nevis may end up being eaten in Saudi Arabia.The kingdom is a frontier market for fish breeders that’s expanding rapidly after Crown Prince Mohammed bin Salman included healthy living in his plan to transform Saudi society and the economy. The aim is to change dietary habits in a place where lamb dominates and hypertension, heart problems and diabetes affect one in five people. “Social changes will help move consumption toward seafood,” said Ali Al Shaikhi, director general of the kingdom’s General Directorate of Fisheries, which is running a public awareness campaign.Like the crown prince’s “Vision 2030,” the target is ambitious: To almost double per capita fish consumption to 13 kilograms (29 pounds) by the end of next year and then to 22 kilograms, the global average, by 2030. The fisheries department has started a certification program that brands fish from local aquaculture farms and sells the “trusted” product packaged for ease of use, said Al Shaikhi.That’s an opportunity, says Jamie McAldine, the account manager at Mowi responsible for the Middle East who is based just north of Edinburgh. The company, which has 50 farms in Scotland and is by far the nation’s biggest salmon producer, is currently going through the paperwork with the Saudi government to become an approved supplier, he said.“The process is a bit painful, but we’ll get there,” said McAldine. “As soon as we become approved, they’re ready to take the fish. We’ll be sending at least one order per week and hoping to build on that.”Norwegian salmon is already there. The nation dominates the global salmon industry, accounting for about half the world’s production. Scotland makes up less than 10 percent, and many of its farms are owned by Norwegians. Mowi, for one, is listed on the Oslo Stock Exchange.Norway started looking at Saudi Arabia four years ago and made inroads after a group of executives from salmon companies attended a food expo in Riyadh in November. There, they heard from Saudi officials about the focus on healthy living. The outcome has been stunning. Seafood exports to Saudi Arabia, mainly salmon, grew by 74% in monetary value and 60% in volume in the first four months of this year compared with the same 2018 period, according to the Norwegian Seafood Council, a marketing board for the industry. Fifty Norwegian companies now sell to Saudi Arabia, up from a handful previously. “Saudi Arabia is growing very nicely,” said Ingelill Jacobsen, manager for emerging markets at the Norwegian Seafood Council.McAldine said it was common for Norway to blaze the trail in a new market. Mowi’s Norwegian business has already been selling there. But Scottish salmon—smoked or fresh fillets—is considered a premium product, he said. It’s the U.K.’s biggest food and drink export after whisky.The Scottish government decided five years ago to push fish into new markets in Asia and the Middle East, according to John Carlill, senior international trade specialist at Scottish Enterprise, a business agency.The model market for salmon is the United Arab Emirates, where imports from Scotland have soared in recent years. UAE sales more than doubled in the first four months compared with the same period of 2018, to 2.1 million pounds ($2.7 million), U.K. customs figures show. By comparison, Saudi sales were a mere 172,400 pounds, little changed from a year ago. In the 40 Celsius heat of Riyadh, Al Shaikhi said change is coming. As well as bringing salmon into the country, a Saudi investor has been awarded a license to develop a farm in the kingdom. Construction is expected to start next year north of the coastal city of Jeddah. Another potential salmon farm is being considered for Neom, the Saudi crown prince’s futuristic city on the Red Sea, he said.The Scots say that’s ambitious, given that sea water needs to be kept between 9 and 14 degrees—the reason inlets and fjords in Norway, Scotland and Chile dominate the industry. The water in Loch Leven on a visit in mid-June was 11 degrees.At that time, the farm was in a “harvesting” period, when the fish are sucked out of the cages in the water through a tube to be stunned and bled onshore in a facility next to Mowi’s offices there.It takes 10 seconds to kill them and less than a minute to get them on ice ready for transport. Within 48 hours they can be in the Middle East, taken first by truck to the nearby hub of Fort William and then down to Glasgow for flights to Dubai or London Heathrow and on to Saudi Arabia.Gibson, the assistant manager at the site, said 20,000 fish can be kept in 16 pens, each 24 square meters in size and 15 to 21 meters deep. Underwater cameras monitor them. He looked at this computer as the weather changed for a third time in 15 minutes. There were 165,854 fish with an average weight of 5.1 kilograms, he said.“For me, it’s farming,” said Gibson, whose father is a deer stalker in the Highlands. “I’ve looked after the fish,” he joked, “and then I look and see that they’re going to happy places to be eaten by lovely people.”  To contact the authors of this story: Rodney Jefferson in Edinburgh at r.jefferson@bloomberg.netDonna Abu-Nasr in Riyadh at dabunasr@bloomberg.netTo contact the editor responsible for this story: Paul Sillitoe at psillitoe@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • GlobeNewswire28 days ago

    Share purchase by Mowi ASA's Board members

    With reference to stock notice of 7 May 2019 and partly remuneration to Mowi ASA`s Board members in the form of shares. All Board members of Mowi have today purchased shares in the company as set forth ...

  • GlobeNewswire29 days ago

    Mowi ASA (OSE: MOWI): Share option scheme for senior executives and allocation of options 2019

    At Mowi ASA`s (the "Company") annual general meeting ("AGM") on 29 May 2019 the Board of Directors was authorised to grant options under the Share Option Scheme to Senior Executives. ...

  • GlobeNewswirelast month

    Mowi ASA (OSE: MOWI): Exercise of senior executive share options/purchase of own shares

    Number of options exercised The Board of Directors of Mowi awarded 1.175 million options under its senior executive share option scheme with effect from 2015 to the current participants in the option scheme. ...

  • GlobeNewswirelast month

    Mowi ASA (OSE: MOWI): 2019 Salmon Industry Handbook

    Please find attached the 2019 version of the Salmon Industry Handbook. The handbook is also available on our website www.mowi.com . This information is subject to the disclosure requirements pursuant to ...

  • GlobeNewswire2 months ago

    Mowi ASA (OSE:MOWI): Annual General Meeting held

    The Annual General Meeting in Mowi ASA was held on 29 May and all items proposed on the agenda were adopted.   An office translation of the minutes from the AGM is attached.     This information is subject ...

  • GlobeNewswire2 months ago

    Mowi ASA: Rebuilding of Kritsen's smokehouse in Landivisiau, France

    Following the fire at Kritsen`s processing plant for smoked products in Landivisiau, France in July 2018, the Board of Mowi ASA has decided to build a highly automated and modern smokehouse at the same site to replace the original plant. France is one of the biggest salmon markets globally and the Board`s decision ensures the continuation of Kritsen`s and Mowi`s long tradition of producing high-quality smoked products in the country. France is also one of the most sophisticated markets with a wide range of premium products, and the high-end market for smoked salmon in France continues to grow, led by branded products.

  • GlobeNewswire2 months ago

    Mowi ASA: Ex-dividend NOK 2.60 today

    The shares in Mowi ASA will be traded ex-dividend NOK 2.60 as from today 16 May 2019. This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading ...

  • GlobeNewswire2 months ago

    Mowi ASA (OSE: MOWI): Notice of Annual General Meeting 29 May 2019

    Please find attached notice of Mowi ASA`s 2019 Annual General Meeting.   This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.   MOWI ...

  • GlobeNewswire2 months ago

    Mowi ASA (OSE: MOWI): Quarterly dividend

    The Board of Mowi ASA has resolved on 7 May 2019 to make a quarterly distribution to shareholders of NOK 2.60 per share in the form of an ordinary dividend.   Mowi ASA`s shares listed on the Oslo Stock ...

  • GlobeNewswire2 months ago

    Strong results on good demand for Mowi in the first quarter

    (Oslo, 7 May 2019) Mowi achieved an operational EBIT of EUR 196 million in the first quarter of 2019, compared to EUR 158 million in the corresponding quarter of 2018. "Demand for our products remains ...

  • GlobeNewswire3 months ago

    Mowi ASA (OSE:MOWI): Presentation of the Q1 2019 results 7 May 2019 at 08:00 (CET)

    Mowi ASA hereby invites you to the presentation of the results for the first quarter 2019 at Felix Konferansesenter, Bryggetorget 3, 0125 Oslo, Norway. Please note that the quarterly report and presentation ...

  • GlobeNewswire3 months ago

    Mowi ASA (OSE:MOWI): Q1 2019 Trading update

    Harvest volumes Q1 2019 (1) Farming Norway 56.0 thousand tonnes Farming Scotland 15.5 thousand tonnes Farming Canada 10.0 thousand tonnes Farming Chile 20.0 thousand tonnes Farming Ireland 1.5 thousand ...

  • GlobeNewswire3 months ago

    Mowi ASA: Changes in Group Management Team structure

    Mowi ASA: Changes in Group Management Team structure Catarina Martins has been appointed Chief Sustainability Officer ("CSO") in Mowi ASA. Catarina has a MSc in Marine Biology from Lisbon University ...

  • GlobeNewswire4 months ago

    Mowi ASA: Integrated Annual Report 2018

    Mowi has today published its 2018 Integrated Annual Report, including sustainability reporting and complete 2018 annual accounts with notes. The integrated report is also available on www.mowi.com.   This ...

  • Reuters5 months ago

    Trade talks keep European shares afloat as Sainsbury's, Swedbank sink

    Trade talks between the world's two biggest economies helped European shares rise on Wednesday, while the threat of a blocked merger sank shares in British supermarket Sainsbury's and a money laundering scandal hit Swedbank. Germany's trade-sensitive DAX led the way with a 0.8 percent gain and the pan-European STOXX 600 rose 0.7 percent after U.S. President Donald Trump said on Tuesday that trade talks with China were going well. "There's no big material news out there that will give us a sustained uptick to markets," Gary Waite, portfolio manager at Walker Crips Investment Management, said.

  • Reuters5 months ago

    EU raids salmon farmers in suspected cartel inquiry

    BRUSSELS/OSLO (Reuters) - Antitrust regulators raided salmon farms in several European Union countries on Tuesday, including some owned by Norway's Mowi, in a suspected cartel inquiry. "The Commission has concerns that the inspected companies may have violated EU antitrust rules that prohibit cartels and restrictive business practices," it said in a statement. While the Commission did not name the companies involved, Mowi, the world's biggest producer of farmed Atlantic salmon, told Reuters that the EU regulators had raided two of its businesses, in Scotland and the Netherlands.

  • GlobeNewswire5 months ago

    Strong results for Mowi in the fourth quarter 2018

    For the full year, Mowi made an operational EBIT of EUR 753 million. Mowi achieved an operational revenue of EUR 1 074 million in the quarter and EUR 3 815 million for 2018. "2018 was a very good year for Mowi.

  • Reuters6 months ago

    Norway wants to change fish farms regulations

    OSLO (Reuters) - Norway's fisheries ministry wants to change the law regulating fish farms to be able to reduce output in areas affected by environmental problems, it said on Friday. Norway is the world's ...

  • GlobeNewswire6 months ago

    Mowi ASA (OSE:MOWI): Presentation of the Q4 2018 results 13 February 2019 at 08:00 (CET)

    Mowi ASA hereby invites you to the presentation of the results for the fourth quarter 2018 at Felix Konferansesenter, Bryggetorget 3, 0125 Oslo, Norway. Please note that the quarterly report and presentation ...

  • Reuters6 months ago

    Norwegian Air seeks to raise $350 million after suitor walks away

    Norwegian Air plans to raise 3 billion Norwegian crowns (269 million pounds) in a share sale to strengthen its finances, days after British Airways owner IAG ruled out a bid for the loss-making budget airline. Norwegian's stock plunged 30 percent in early Tuesday trading as shareholders anticipated a dilution in their stakes and a big discount for the share sale, whose underwriters include shipping to oil services billionaire John Fredriksen.