Mowi ASA Reports Record Harvest Volumes for Q4 2024
Overview of Mowi ASA's Q4 2024 Performance
Mowi ASA (OSE:MOWI) has reported impressive results for the fourth quarter of 2024, demonstrating a record-high harvest volume which reflects the company's strong operational efficiency and growth trajectory.
Harvest Volumes Analysis
The harvest volumes for Q4 2024 were substantial, reaching a remarkable total of 133.5 thousand tonnes. This marked an increase compared to the previous fiscal year's total of 502 thousand tonnes, solidifying Mowi's position as a leader in the aquaculture sector.
Regional Harvest Contributions
Mowi's harvest distribution by region showcases its diversified operations:
- Farming in Norway: 83.5 thousand tonnes
- Farming in Scotland: 17.0 thousand tonnes
- Farming in Chile: 22.5 thousand tonnes
- Farming in Canada: 5.0 thousand tonnes
- Farming in Ireland: 1.0 thousand tonnes
- Farming in Faroes: 1.0 thousand tonnes
- Farming in Iceland (Arctic Fish): 3.5 thousand tonnes
Financial Highlights for Q4 2024
Mowi reported an Operational EBIT of approximately EUR 226 million for Q4 2024, which represents an increase from EUR 203 million in the same quarter of the prior year. This positive trajectory is indicative of the company's meticulous cost management and operational adjustments.
Cost Efficiency
The company’s blended farming cost stood at EUR 5.69 per kilogram, slightly lower than the preceding quarter, aligning closely with Mowi's cost guidance. The following are the average operational EBIT per kilogram across different regions:
- Norway: EUR 2.20
- Scotland: EUR 1.40
- Chile: EUR 0.85
- Canada: EUR 0.45
- Ireland: (2.15) EUR
- Faroes: EUR 1.05
- Iceland: EUR 0.75
Looking Ahead
Mowi's proactive strategies and consistent performance suggest a promising outlook for the upcoming quarters. The company's focus on enhancing efficiency and productivity positions it well to meet growing global demand for sustainably farmed seafood.
Future Report Release
The complete Q4 2024 report is set to be released soon, enabling investors and stakeholders to assess the company’s strategic direction and financial health in more detail. Mowi remains committed to maintaining transparency and providing comprehensive financial disclosures to support informed decision-making.
Frequently Asked Questions
What is Mowi ASA's stock ticker?
Mowi ASA trades under the ticker OSE:MOWI on the Oslo Stock Exchange.
What were the total harvest volumes reported for Q4 2024?
In Q4 2024, Mowi reported total harvest volumes of 133.5 thousand tonnes.
What is the Operational EBIT for Mowi in Q4 2024?
Mowi's Operational EBIT for Q4 2024 was approximately EUR 226 million.
How has Mowi's farming cost changed in Q4 2024?
Mowi's blended farming cost stood at EUR 5.69 per kilogram, which is slightly lower than the previous quarter.
When will the complete Q4 report be released?
The complete Q4 2024 report will be released on 12 February at 06:30 CET.
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