Mowi ASA is one of the largest seafood companies in the world, and the world’s largest producer of Atlantic salmon. The company employs 12 200 people, and is represented in 25 countries. In 2020 the company had a turnover of EUR 3.8 billion. Mowi is listed on the Oslo Stock Exchange (OSE) and its share also trade on the US OTC market.
Mowi achieved an operational EBIT of EUR 137 million in the second quarter of 2021, compared with EUR 99 million in the corresponding quarter of 2020. Strong demand for salmon drove prices higher in all markets in the quarter and resulted in better earnings for Mowi. Spot prices soared by 18% in Europe and
Mowi ASA completed the acquisition of 100 % of the shares in Lofoten Aqua AS on the 28 April 2021. Lofoten Aqua AS’s only asset is a license. Mowi ASA consider a merger of Lofoten Aqua AS into Mowi ASA as the best solution to integrate the business in Lofoten Aqua AS into the business
Mowi achieved record-high volumes for a first quarter in both Farming and Consumer Products, harvesting 125 000 tonnes of salmon and selling 62 000 tonnes of value-added products. At the same time Farming cost was down by 9%. Mowi’s first quarter was characterised by continued Covid-19 lockdown measures and high growth in global supply of salmon, however,
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