Mowi ASA (OSE:MOWI): Q1 2021 Trading update

April 20, 2021 12:30 AM EDT

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Mowi ASA (OSE:MOWI): Q1 2021 Trading update

Harvest volumes Q1 2021 (1)

Farming Norway75.0 thousand tonnes
Farming Scotland18.5 thousand tonnes
Farming Canada10.5 thousand tonnes
Farming Chile19.5 thousand tonnes
Farming Ireland1.0 thousand tonnes
Farming Faroes1.0 thousand tonnes
Total125.5 thousand tonnes

In connection with the presentation of the Q4 2020 results, Mowi ASA guided a total harvest volume of 116 thousand tonnes (GWE) for Q1 2021.

(1) The harvest volumes are provided in gutted weight equivalents (GWE). The figures include salmonid species only.

Additional information

Operational EBIT for the Group was approximately EUR 109 million in Q1 2021 (EUR 109 million in Q1 2020). Blended Farming cost per kg harvested was EUR 4.20.

Total Operational EBIT per kg through the value chain was approximately as follows:

NorwayEUR  1.00
ScotlandEUR  1.45
CanadaEUR  -0.35
ChileEUR   0.40
IrelandEUR   4.55
FaroesEUR   0.50

Operational EBIT in Consumer Products was EUR 32 million and Feed EUR -3 million in Q1 2021.   

Reported financial net interest-bearing debt (NIBD) was approximately EUR 1 275 million at the end of the quarter (excluding IFRS 16 effects).

The complete Q1 2021 report will be released on 19 May 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.

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