# Mowi Company Website > Stay updated with the latest news, financial reports, and insightful blog articles from Mowi, the world's leading Atlantic salmon farming company. ## Pages - [Board of Directors](https://mowi.com/investors/corporate-governance/board-of-directors/) - [Capital Markets Day](https://mowi.com/investors/capital-markets-day/) - [Privacy Policy](https://mowi.com/privacy-policy/) - [Products](https://mowi.com/products/) - [Sustainability](https://mowi.com/sustainability/) - [Contact](https://mowi.com/contact/) - [Our Structure](https://mowi.com/about-us/our-structure/) - [Global Presence](https://mowi.com/about-us/global-presence/) - [Press and media material](https://mowi.com/media/) - [Careers](https://mowi.com/careers/) - [Our History](https://mowi.com/about-us/our-history/) - [News Center](https://mowi.com/news-center/) - [Our Strategy](https://mowi.com/about-us/our-strategy/) - [Our Values](https://mowi.com/about-us/our-values/) - [Sourcing](https://mowi.com/about-us/our-structure/mowi-feed/sourcing/) - [Valsneset](https://mowi.com/about-us/our-structure/mowi-feed/valsneset/) - [Kyleakin](https://mowi.com/about-us/our-structure/mowi-feed/kyleakin/) - [Contact](https://mowi.com/about-us/our-structure/mowi-feed/contact/) - [R&D Collaborations](https://mowi.com/about-us/our-structure/mowi-feed/rd-collaborations/) - [Millennial salmon](https://mowi.com/millennial-salmon/) - [Revitalise](https://mowi.com/revitalise/) - [Our culture](https://mowi.com/careers/our-workplace/our-culture/) - [Diversity and Equality](https://mowi.com/careers/our-workplace/diversity-and-equality/) - [Aquaculture](https://mowi.com/careers/aquaculture/) - [Operations](https://mowi.com/careers/operations/) - [Our workplace](https://mowi.com/careers/our-workplace/) - [Business support](https://mowi.com/careers/business-support/) - [Innovation](https://mowi.com/careers/innovation/) - [Sales & Marketing](https://mowi.com/careers/sales-marketing/) - [Trainee & Internship](https://mowi.com/careers/trainee-internship/) - [Safe and
Meaningful jobs](https://mowi.com/careers/our-workplace/safe-and-meaningful-jobs/) - [Averoy Field Trials Station Report Library](https://mowi.com/about-us/our-structure/mowi-feed/sharing-our-knowledge/averoy-field-trials-station-report-library/) - [Feed research publications](https://mowi.com/about-us/our-structure/mowi-feed/sharing-our-knowledge/feed-research-publications/) - [Brand Portfolio](https://mowi.com/products/brand-portfolio/) - [Product Innovation](https://mowi.com/products/product-innovation/) - [Traceability](https://mowi.com/products/traceability/) - [Salmon Farming](https://mowi.com/products/salmon-farming/) - [Mowi 4.0 Smart Farming](https://mowi.com/products/mowi-4-0-smart-farming/) - [Value Added Products](https://mowi.com/products/value-added-products/) - [Trading & Bulk Sales](https://mowi.com/products/trading-bulk-sales/) - [Taste & Health](https://mowi.com/products/taste-health/) - [Quality](https://mowi.com/products/quality/) - [Food Safety](https://mowi.com/products/food-safety/) - [Seafood tips & recipes](https://mowi.com/products/taste-health/seafood-tips-recipes/) - [About us](https://mowi.com/about-us/) - [Mowi Breeding](https://mowi.com/about-us/our-structure/mowi-breeding/) - [Mowi Feed](https://mowi.com/about-us/our-structure/mowi-feed/) - [Mowi Farming](https://mowi.com/about-us/our-structure/mowi-farming/) - [Mowi Sales & Marketing](https://mowi.com/about-us/our-structure/mowi-sales-marketing/) - [Sharing our Knowledge](https://mowi.com/about-us/our-structure/mowi-feed/sharing-our-knowledge/) - [R&D Structure and Organisation](https://mowi.com/about-us/our-structure/mowi-feed/structure-and-organisation/) - [Strategy and ambitions](https://mowi.com/about-us/our-structure/mowi-feed/strategy-and-ambitions/) - [Key Partnerships](https://mowi.com/sustainability/key-partnerships/) - [The Sustainable Development Goals (SDGs)](https://mowi.com/sustainability/the-sustainable-development-goals-sdgs/) - [Commitments & Actions](https://mowi.com/sustainability/commitments/) - [General conditions for purchase of goods and services](https://mowi.com/termsandconditions/) - [Our certifications](https://mowi.com/sustainability/certifications/) - [Ansatteaksjer](https://mowi.com/ansatteaksjer/) - [ASC Dashboard](https://mowi.com/sustainability/asc-dashboard/) - [Newsletter](https://mowi.com/investors/newsletter/) - [Nomination Committee](https://mowi.com/investors/corporate-governance/nomination-committee/) - [Code of Conduct](https://mowi.com/investors/corporate-governance/code-of-conduct/) - [Targets and policies](https://mowi.com/investors/corporate-governance/targets-and-policies/) - [Shareholders](https://mowi.com/investors/share-and-bond/shareholders/) - [Shareholder analysis](https://mowi.com/investors/share-and-bond/shareholder-analysis/) - [Dividend](https://mowi.com/investors/share-and-bond/dividend/) - [Registrar](https://mowi.com/investors/share-and-bond/registrar/) - [ADR Programme](https://mowi.com/investors/share-and-bond/adr-programme/) - [Analyst Coverage](https://mowi.com/investors/share-and-bond/analyst-coverage/) - [Bonds](https://mowi.com/investors/share-and-bond/bonds/) - [Insider trade](https://mowi.com/investors/share-and-bond/insider-trade/) - [ESG Library](https://mowi.com/sustainability/policies/) - [Vacancies](https://mowi.com/careers/vacancies/) - [Articles of Association Mowi ASA.](https://mowi.com/investors/corporate-governance/articles-of-association/) - [Corporate governance compliance](https://mowi.com/investors/corporate-governance/corporate-governance-compliance/) - [General meetings](https://mowi.com/investors/corporate-governance/general-meetings/) - [Group Management](https://mowi.com/investors/corporate-governance/leadership/) - [Share and bond](https://mowi.com/investors/share-and-bond/) - [Reports](https://mowi.com/investors/reports/) - [Presentations](https://mowi.com/investors/presentations/) - [Corporate governance](https://mowi.com/investors/corporate-governance/) - [Stock exchange filings](https://mowi.com/investors/stock-exchange-filings/) - [Financial calendar](https://mowi.com/investors/financial-calendar/) - [Resources](https://mowi.com/investors/resources/) - [IR contact](https://mowi.com/investors/ir-contact/) - [Home](https://mowi.com/) - [Investors](https://mowi.com/investors/) ## Posts - [Innovation at Mowi](https://mowi.com/blog/innovation-at-mowi/) - [Second best operational profit for a first quarter for Mowi on seasonally record-high revenues and volumes](https://mowi.com/news/second-best-operational-profit-for-a-first-quarter-for-mowi-on-seasonally-record-high-revenues-and-volumes/) - [How we reduce escapes](https://mowi.com/blog/how-we-reduce-escapes/) - [Mowi's value chain](https://mowi.com/blog/mowis-value-chain/) - [The 2025 Annual Report is here](https://mowi.com/news/the-2025-annual-report-is-here/) - [A record fourth quarter ends a record year for Mowi](https://mowi.com/news/a-record-fourth-quarter-ends-a-record-year-for-mowi/) - [Mowi enters into strategic feed partnership with Skretting/Nutreco](https://mowi.com/news/mowi-enters-into-strategic-feed-partnership-with-skretting-nutreco/) - [Record-high volumes for Mowi in Q3](https://mowi.com/news/record-high-volumes-for-mowi-in-q3/) - [Mowi's Sustainability Strategy](https://mowi.com/general/mowis-sustainability-strategy/) - [Wild salmon vs Farmed salmon](https://mowi.com/general/wild-salmon-vs-farmed-salmon/) - [Seasonally record-high volumes and revenues for Mowi in Q2](https://mowi.com/news/seasonally-record-high-volumes-and-revenues-for-mowi-in-q2/) - [Breeding our salmon](https://mowi.com/general/breeding-our-salmon/) - [Why do we farm on land and sea?](https://mowi.com/general/why-do-we-farm-on-land-and-sea/) - [Does salmon farming have an impact on the seabed?](https://mowi.com/general/does-salmon-farming-have-an-impact-on-the-seabed/) - [What is our approach to fish health and welfare?](https://mowi.com/general/what-is-our-approach-to-fish-health-and-welfare/) - [Mowi opens new post-smolt facility in Haukå, Norway](https://mowi.com/news/mowi-opens-new-post-smolt-facility-in-hauka-norway/) - [Another strong operational quarter for Mowi](https://mowi.com/news/another-strong-operational-quarter-for-mowi/) - [Mowi Annual Report 2024](https://mowi.com/news/mowi-annual-report-2024/) - [Supplying healthy and sustainable salmon](https://mowi.com/general/supplying-healthy-and-sustainable-salmon/) - [Advancing salmon welfare: Mowi’s post-smolt strategy](https://mowi.com/news/advancing-salmon-welfare-mowis-post-smolt-strategy/) - [Can omega-3 slow down ageing?](https://mowi.com/general/can-omega-3-slow-down-ageing/) - [Record-breaking quarter ends a record year for Mowi](https://mowi.com/news/record-breaking-quarter-ends-a-record-year-for-mowi/) - [Mowi increases ownership of Nova Sea from 49% to 95%](https://mowi.com/news/mowi-increases-ownership-of-nova-sea-from-49-to-95/) - [Pioneering the future of aquaculture](https://mowi.com/general/smart-farming-technologies/) - [Mowi ranked number 1 animal protein producer for the 6th year in a row](https://mowi.com/news/mowi-ranked-number-1-animal-protein-producer/) - [Embracing Diversity at Mowi](https://mowi.com/blog/embracing-diversity-at-mowi/) - [Meet The Team: Vinnie Mitchell](https://mowi.com/blog/meet-the-team-vinnie-mitchell/) - [Record-high revenues and volumes for Mowi in the third quarter](https://mowi.com/general/record-high-revenues-and-volumes-for-mowi-in-the-third-quarter/) - [Meet The Team: Marie Løyning](https://mowi.com/blog/meet-the-team-marie-loyning/) - [Capital Markets Day: Mowi is positioning itself for continued volume growth and further cost improvement](https://mowi.com/news/capital-markets-day-mowi-is-positioning-itself-for-continued-volume-growth-and-further-cost-improvement/) - [Mowi Executive Programme](https://mowi.com/general/mowi-executive-programme/) - [Strong operational second quarter for Mowi](https://mowi.com/news/strong-operational-second-quarter-for-mowi/) - [Mowi initiates strategic review of Canada West business unit](https://mowi.com/news/mowi-initiates-strategic-review-of-canada-west-business-unit/) - [60 years of Mowi](https://mowi.com/general/60-years-of-mowi/) - [Our Commitment to Local Communities](https://mowi.com/general/our-commitment-to-local-communities/) - [Good results in a biologically challenging quarter for Mowi in Norway](https://mowi.com/news/good-results-in-a-biologically-challenging-quarter-for-mowi-in-norway/) - [Mowi Salmon: A Nutritional Powerhouse](https://mowi.com/general/a-nutritional-powerhouse/) - [Mowi Annual Report 2023](https://mowi.com/news/mowi-annual-report-2023/) - [A protein-packed superfood](https://mowi.com/general/a-protein-packed-superfood/) - [Strong quarter to end another record year for Mowi](https://mowi.com/news/strong-quarter-to-end-another-record-year-for-mowi/) - [Mowi named most sustainable protein producer fifth year in a row](https://mowi.com/news/mowi-named-most-sustainable-protein-producer-fifth-year-in-a-row/) - [Another record-breaking quarter for Mowi](https://mowi.com/news/another-record-breaking-quarter-for-mowi/) - [Best quarter ever on strong operational performance for Mowi](https://mowi.com/news/best-quarter-ever-on-strong-operational-performance-for-mowi/) - [Mowi are delighted to share our 2022 Annual Report](https://mowi.com/news/2022-annual-report/) - [Strong quarter to end a record year for Mowi](https://mowi.com/news/strong-quarter-to-end-a-record-year-for-mowi/) - [Mowi Japan teaching kids about salmon farming and healthy eating](https://mowi.com/blog/mowi-japan-teaching-kids-about-salmon-farming-and-healthy-eating/) - [Mowi named most sustainable protein producer fourth year in a row](https://mowi.com/news/mowi-named-most-sustainable-protein-producer-fourth-year-in-a-row/) - [Yet another record-breaking quarter for Mowi, overshadowed by infamous tax proposal](https://mowi.com/news/yet-another-record-breaking-quarter-for-mowi-overshadowed-by-infamous-tax-proposal/) - [Record result for Mowi in the second quarter](https://mowi.com/news/record-result-for-mowi-in-the-second-quarter/) - [Mowi wins prestigious fish welfare award](https://mowi.com/news/mowi-wins-prestigious-fish-welfare-award/) - [Earnings almost double to reach record-high levels for Mowi](https://mowi.com/news/earnings-almost-double-to-reach-record-high-levels-for-mowi/) - [Demerger of Mowi ASA](https://mowi.com/news/demerger-of-mowi-asa/) - [Mowi Annual Report 2021](https://mowi.com/news/mowi-annual-report-2021/) - [New processing plant in Mowi Norway Region Mid](https://mowi.com/news/new-processing-plant-in-mowi-norway-region-mid/) - [Record-high volumes and revenues for Mowi in 2021](https://mowi.com/news/record-high-volumes-and-revenues-for-mowi-in-2021/) - [Norwegian salmon delivers on deforestation free soy in Brazil](https://mowi.com/news/norwegian-salmon-delivers-on-deforestation-soy-in-brazil/) - [Mowi Feed contributes to significant research](https://mowi.com/news/mowi-feed-contributes-to-significant-research/) - [Mowi helps make an impact in breeding and nutrition](https://mowi.com/news/mowi-helps-make-an-impact-in-breeding-and-nutrition/) - [NextGen Proteins research hopes to fulfil protein supply needs for feed and food](https://mowi.com/news/nextgen-proteins-research-hopes-to-fulfil-protein-supply-needs-for-feed-and-food/) - [Mowi ranked top sustainable protein producer in The Coller FAIRR Protein Producer Index for 2021](https://mowi.com/news/mowi-ranked-top-sustainable-protein-in-the-coller-fairr-protein-producer-index-for-2021/) - [Record-high third quarter revenues for Mowi](https://mowi.com/news/record-high-third-quarter-revenues-for-mowi/) - [Why COP26 is so important for the future of the planet](https://mowi.com/news/why-cop26-is-so-important-for-the-future-of-the-planet/) - [Mowi maintains #2 ranking in the Seafood Stewardship Index](https://mowi.com/news/mowi-maintains-2-ranking-in-the-seafood-stewardship-index/) - [Blue Food Assessment shows benefits of salmon farming](https://mowi.com/news/blue-food-assessment-shows-benefits-of-salmon-farming/) - [Improved results for Mowi on strong salmon demand](https://mowi.com/news/improved-results-for-mowi-on-strong-salmon-demand/) - [Merger of Lofoten Aqua AS into Mowi ASA](https://mowi.com/news/mowi-lofoten/) - [Record-high Q1 volumes and lower Farming cost for Mowi](https://mowi.com/news/record-high-q1-volumes-and-lower-farming-cost-for-mowi/) - [Leading the Blue Revolution](https://mowi.com/news/leading_the_blue_revolution/) - [New feed mill in Scotland delivers on plan](https://mowi.com/news/new-feed-mill-in-scotland-delivers-on-plan/) - [The world needs more food from the ocean](https://mowi.com/general/the_world_needs_more_food_from_the_ocean/) - [Introducing the Fourth R: Reduce, Reuse, Recycle – and Recapture](https://mowi.com/news/introducing-the-fourth-r-reduce-reuse-recycle-and-recapture/) - [Green Bond Impact Report 2020](https://mowi.com/news/green-bond-impact-report-2020/) - [Annual Report 2020](https://mowi.com/news/annual-report-2020/) - [Mowi 4.0](https://mowi.com/news/mowi-4-0/) - [Mowi's Capital Markets Day 2021](https://mowi.com/news/mowis-capital-markets-day-2021/) - [Capital Markets Day 2021](https://mowi.com/news/capital-markets-day-2021/) - [Record high volumes for Mowi in 2020](https://mowi.com/news/record-high-volumes-for-mowi-in-2020/) - [Mowi first in Scotland to achieve ASC certification for five seawater sites](https://mowi.com/news/mowi-becomes-first-aquaculture-company-to-achieve-asc-certification-for-five-seawater-sites-in-scotland/) - [Soy vendors to the salmon industry end trade of deforestation linked soy in Brazil](https://mowi.com/news/soy-vendors-to-the-salmon-industry-end-trade-of-deforestation-linked-soy-in-brazil/) - [Novel feed sources to reduce climate emissions of Norwegian salmon farming](https://mowi.com/news/novel-feed-sources-to-reduce-climate-emissions-of-norwegian-salmon-farming/) - [Towards a Sustainable Ocean Economy](https://mowi.com/news/towards-a-sustainable-ocean-economy/) - [Mowi joins Sjømat Norge](https://mowi.com/news/mowi-joins-sjomat-norge/) - [Mowi ranked most sustainable protein producer](https://mowi.com/news/mowi-ranked-most-sustainable-protein-producer-2020/) - [Operational EBIT of EUR 80 million in the third quarter for Mowi](https://mowi.com/news/operational-ebit-of-eur-80-million-in-the-third-quarter-for-mowi/) - [Villaroel new COO Americas](https://mowi.com/news/villaroel-new-coo-americas/) - [Operational EBIT of EUR 99 million in the second quarter for Mowi](https://mowi.com/news/operational-ebit-of-eur-99-million-in-the-second-quarter-for-mowi/) - [Mowi’s soy suppliers commit to 100% deforestation free supply chain](https://mowi.com/news/mowis-soy-suppliers-commit-to-100-deforestation-free-supply-chain/) - [Operational EBIT of EUR 109 million in the first quarter for Mowi](https://mowi.com/news/operational-ebit-of-eur-109-million-in-the-first-quarter-for-mowi/) - [Mowi’s 2019 Annual Report](https://mowi.com/news/mowis-2019-annual-report/) - [Mowi collaborates with X, Alphabet’s innovation engine, to make salmon farming more sustainable](https://mowi.com/news/mowi-collaborates-with-x-alphabets-innovation-engine-to-make-salmon-farming-more-sustainable/) - [Record high turnover and volumes for Mowi](https://mowi.com/news/record-high-turnover-and-volumes-for-mowi/) - [First ever green bond issue from a seafood company](https://mowi.com/news/first-ever-green-bond-issue-from-a-seafood-company/) - [The Blue Revolution Plan](https://mowi.com/news/the-blue-revolution-plan/) - [Mowi among many firms and investors urging to stop deforestation in Brazil](https://mowi.com/news/open-letter-on-soy-and-the-amazon/) - [Mowi wants to merge Mowi ASA and K Strømmen Lakseoppdrett AS](https://mowi.com/news/mowi-wants-to-merge-mowi-asa-and-k-strommen-lakseoppdrett-as/) - [Ivan Vindheim appointed CEO of Mowi ASA](https://mowi.com/news/ivan-vindheim-appointed-ceo-of-mowi-asa/) - [Record high volumes for Mowi in the third quarter](https://mowi.com/news/record-high-volumes-for-mowi-in-the-third-quarter/) - [Mowi wants to merge Mowi ASA and Mowi Norway AS](https://mowi.com/news/mowi-wants-to-merge-mowi-asa-and-mowi-norway-as/) - [Mowi ranked most sustainable protein producer](https://mowi.com/news/mowi-ranked-most-sustainable-protein-producer/) - [The treatment of the Amazon is unacceptable](https://mowi.com/news/the-treatment-of-the-amazon-is-unacceptable/) - [100% of Mowi Campbell River Farms Now Certified to ASC Salmon Standard](https://mowi.com/news/100-of-mowi-campbell-river-farms-now-certified-to-asc-salmon-standard/) ## Recipes - [Healthy & fresh salmon orzo salad](https://mowi.com/products/taste-health/seafood-tips-recipes/healthy-fresh-salmon-orzo-salad/) - [Salmon, asparagus & lemon-garlic butter sauce](https://mowi.com/products/taste-health/seafood-tips-recipes/salmon-asparagus-lemon-garlic-butter-sauce/) - [Pumpkin puree soup with baked salmon & balsamic sauce](https://mowi.com/products/taste-health/seafood-tips-recipes/pumpkin-puree-soup-with-baked-salmon-balsamic-sauce/) - [Salmon shiitake truffel butter with black rice and mushroom salsa](https://mowi.com/products/taste-health/seafood-tips-recipes/salmon-shiitake-truffel-butter-with-black-rice-and-mushroom-salsa/) - [Tasty salmon pizza with tomato, rocket, capers and lemon creme](https://mowi.com/products/taste-health/seafood-tips-recipes/tasty-salmon-pizza-with-tomato-rocket-capers-and-lemon-creme/) - [Salmon & avocado rice bowl](https://mowi.com/products/taste-health/seafood-tips-recipes/salmon-avocado-rice-bowl/) ## Commitments - [Ethical business conduct](https://mowi.com/sustainability/commitments/ethical-business-conduct/) - [Diversity & Equality](https://mowi.com/sustainability/commitments/diversity-equality/) - [Safe and meaningful workplace](https://mowi.com/sustainability/commitments/safe-and-meaningful-workplace/) - [Community engagement](https://mowi.com/sustainability/commitments/community-engagement/) - [Waste](https://mowi.com/sustainability/commitments/waste/) - [Freshwater use](https://mowi.com/sustainability/commitments/freshwater-use/) - [Climate change](https://mowi.com/sustainability/commitments/climate-change/) - [Fish health & welfare](https://mowi.com/sustainability/commitments/fish-health-welfare/) - [Sea lice](https://mowi.com/sustainability/commitments/sea-lice/) - [Escapes](https://mowi.com/sustainability/commitments/escapes/) - [Plastics](https://mowi.com/sustainability/commitments/plastics/) - [Sustainability Certifications](https://mowi.com/sustainability/commitments/sustainability-certifications/) - [Sustainable feed](https://mowi.com/sustainability/commitments/sustainable-feed/) ## Knowledge - [Innovation at Mowi](https://mowi.com/knowledge/innovation-at-mowi/) - [Mowi's value chain](https://mowi.com/knowledge/mowis-value-chain/) - [How we reduce escapes](https://mowi.com/knowledge/how-we-reduce-escapes/) - [Sustainability Strategy](https://mowi.com/knowledge/sustainability-strategy/) - [Wild salmon vs Farmed salmon](https://mowi.com/knowledge/wild-salmon-vs-farmed-salmon/) - [Why do Mowi farm on land and sea?](https://mowi.com/knowledge/why-do-mowi-farm-on-land-and-sea/) - [Breeding our salmon](https://mowi.com/knowledge/breeding-our-salmon/) - [Does salmon farming have an impact on the seabed?](https://mowi.com/knowledge/does-salmon-farming-have-an-impact-on-the-seabed/) - [What is our approach to fish health and welfare?](https://mowi.com/knowledge/what-is-our-approach-to-fish-health-and-welfare/) - [Is farmed salmon as healthy as wild salmon?](https://mowi.com/knowledge/is-farmed-salmon-as-healthy-as-wild-salmon/) - [Are farmed salmon dyed to achieve their color?](https://mowi.com/knowledge/are-farmed-salmon-dyed-to-achieve-their-color/) - [Is salmon farming sustainable?](https://mowi.com/knowledge/is-salmon-farming-sustainable/) - [Is farmed salmon safe to eat?](https://mowi.com/knowledge/is-farmed-salmon-safe-to-eat/) - [Our ESG Index](https://mowi.com/knowledge/our-esg-index-2021/) - [Risk and risk management](https://mowi.com/knowledge/risk-and-risk-management/) - [How do we innovate?](https://mowi.com/knowledge/innovation/) - [How do we ensure full transparency?](https://mowi.com/knowledge/how-do-we-ensure-full-transparency/) - [How do we decide what is important?](https://mowi.com/knowledge/how-do-we-decide-what-is-important/) - [Why do we need a sustainability strategy?](https://mowi.com/knowledge/why-do-we-need-a-sustainability-strategy/) - [How do we create value for society?](https://mowi.com/knowledge/how-do-we-create-value-for-society/) - [What are The Sustainable Development Goals (SDGs)?](https://mowi.com/knowledge/what-are-the-sustainable-development-goals-sdgs/) # # Detailed Content ## Pages Board of Directors | Mowi Corporate Governance Media Contact Search Mowi Global About us Go to About us Our Values Our History Our Strategy Global Presence Our Structure Mowi Feed Mowi R&D Our seafood Go to Our seafood Tasty & Nutritious Taste & Health Quality Food Safety Our Seafood Trading & Bulk Sales Value Added Products Brand Portfolio Product Innovation Traceability Salmon Farming Sustainability Go to Sustainability Commitments & Actions Our certifications ESG Library ASC Dashboard Investors Go to Investors Share and bond Reports Presentations Capital Markets Day Corporate governance Stock exchange filings Resources Careers Go to Careers Vacancies Working at Mowi News Media Contact Mowi Global Search Select Country or Region Mowi Global Active Asia Mowi China Mowi Japan Mowi Korea Mowi Taiwan Europe Mowi Belgium (FR) Mowi Belgium (NL) Mowi Czechia (CZ) Mowi Czechia (EN) Mowi Faroe Islands Mowi France Mowi Germany Mowi Ireland Mowi Italy Mowi Netherlands Mowi Norway Mowi Poland Mowi Scotland Mowi Spain Mowi Turkey Americas Mowi Canada East Mowi Canada West Mowi Chile Mowi USA You are going to open MOWI Global page Continue Home Investors Corporate governance Board of Directors Board of Directors Leif Teksum Chair of Board Shares: 5 612 Background Kathrine Fredriksen Seatankers Services Shares: 1 413 Background Peder Strand Investment Director Seatankers Management Norway AS Shares: 936 Background Lisbet Nærø CEO Fana Sparebank Shares: 2 380 Background Aino Olaisen CEO Aino AS Background Monica Karlsen Quality assistant at Mowi Herøy Region North Shares: 223 Background Eivind Kallbekken Feeding station technician, Mowi Norway Region North Shares: 622 Background John Olav Johansen Quality Manager at Mowi Jøsnøya, Region Mid Shares: 622 Background Leif Teksum Chair of Board Born: 1952 Position: Partner Vest Corporate Advisors AS Education: Bachelor in Business Administration and Economics from the Norwegian School of Economics. Background: Group Executive Vice President and Member of Group Management in DNB (1991-2014). Various specialists functions in Bergen Bank (1981-1991). Extensive experience in Board work from several public and private companies across multiple sectors. Leif Teksum Chair of Board Born: 1952 Position: Partner Vest Corporate Advisors AS Education: Bachelor in Business Administration and Economics from the Norwegian School of Economics. Background: Group Executive Vice President and Member of Group Management in DNB (1991-2014). Various specialists functions in Bergen Bank (1981-1991). Extensive experience in Board work from several public and private companies across multiple sectors. Kathrine Fredriksen Seatankers Services Born: 1983 Education: European Business School in London. Background: Currently employed by Seatankers Services (UK) LLP and serves as director of SFL Corporation Ltd, Norwegian Property ASA and Axactor SE. Previous directorships include Seadrill Ltd, Golar LNG Limited, Frontline Ltd and Deep Sea Supply. Geveran Trading Co. Limited is indirectly controlled by trusts established by Mr. John Fredriksen for the benefit of his immediate family, including Kathrine Fredriksen. These trusts are discretionary and the discretionary beneficiaries, including Kathrine Fredriksen, can only potentially benefit if the trustee exercises its powers. As such, Kathrine Fredriksen has no absolute entitlement to the trust assets and thus disclaims beneficial ownership of the shares of Mowi’s common stock owned by Geveran Trading Co. Limited, except to the extent of her voting and dispositive interests in such shares of common stock (if any). Kathrine Fredriksen has no pecuniary interest in such shares except as a discretionary beneficiary of the trusts referenced above. Kathrine Fredriksen Seatankers Services Born: 1983 Education: European Business School in London. Background: Currently employed by Seatankers Services (UK) LLP and serves as director of SFL Corporation Ltd, Norwegian Property ASA and Axactor SE. Previous directorships include Seadrill Ltd, Golar LNG Limited, Frontline Ltd and Deep Sea Supply. Geveran Trading Co. Limited is indirectly controlled by trusts established by Mr. John Fredriksen for the benefit of his immediate family, including Kathrine Fredriksen. These trusts are discretionary and the discretionary beneficiaries, including Kathrine Fredriksen, can only potentially benefit if the trustee exercises its powers. As such, Kathrine Fredriksen has no absolute entitlement to the trust assets and thus disclaims beneficial ownership of the shares of Mowi’s common stock owned by Geveran Trading Co. Limited, except to the extent of her voting and dispositive interests in such shares of common stock (if any). Kathrine Fredriksen has no pecuniary interest in such shares except as a discretionary beneficiary of the trusts referenced above. Peder Strand Investment Director Seatankers Management Norway AS Born: 1980 Education: MSc from Norwegian University of Science and Technology (NTNU) Background: Previously a partner in Arctic Securities AS, where he was responsible for the seafood, IT and healthcare sectors. Strand has previously worked in equity research for SEB Enskilda, among other things as the responsible analyst for seafood. Peder Strand Investment Director Seatankers Management Norway AS Born: 1980 Education: MSc from Norwegian University of Science and Technology (NTNU) Background: Previously a partner in Arctic Securities AS, where he was responsible for the seafood, IT and healthcare sectors. Strand has previously worked in equity research for SEB Enskilda, among other things as the responsible analyst for seafood. Lisbet Nærø CEO Fana Sparebank Born: 1963 Position: CEO Fana Sparebank Education: MBA from UCF Florida (2000), Master of Science in Business Norwegian School of Economics (1988) AMP from Harvard Business School (2008) Background: Former CEO in Tide ASA and BN Bank ASA. Wide comprehensive experience from banking and financial services as CFO in SpareBank 1 SR-Bank, Fjordline/BNR ASA and Sparebanken Vest. Lisbet Nærø CEO Fana Sparebank Born: 1963 Position: CEO Fana Sparebank Education: MBA from UCF Florida (2000), Master of Science in Business Norwegian School of Economics (1988) AMP from Harvard Business School (2008) Background: Former CEO in Tide ASA and BN Bank ASA. Wide comprehensive experience from banking and financial services as CFO in SpareBank 1 SR-Bank, Fjordline/BNR ASA and Sparebanken Vest. Aino Olaisen CEO Aino AS Born: 1974 Position: CEO Aino AS Education: An intermediate degree in History from the University of Oslo and a bachelor’s degree from the Norwegian College of Fishery Science, and has also studied finance at BI and innovation at INSEAD. Background: Extensive leadership experience from the aquaculture industry, including roles as General Manager at Helgelandstorsk and Vigner Olaisen AS, as well as Deputy Mayor of Lurøy Municipality. She has worked in project development at Kystinkubatoren and served as Head of Biology at Nova Sea. She has significant board experience, including long-standing board service and later Chair of the Board at Nova Sea. She has also contributed to national industry policy through participation in the Tveterås and Pedersen NOU committees.   Aino Olaisen CEO Aino AS Born: 1974 Position: CEO Aino AS Education: An intermediate degree in History from the University of Oslo and a bachelor’s degree from the Norwegian College of Fishery Science, and has also studied finance at BI and innovation at INSEAD. Background: Extensive leadership experience from the aquaculture industry, including roles as General Manager at Helgelandstorsk and Vigner Olaisen AS, as well as Deputy Mayor of Lurøy Municipality. She has worked in project development at Kystinkubatoren and served as Head of Biology at Nova Sea. She has significant board experience, including long-standing board service and later Chair of the Board at Nova Sea. She has also contributed to national industry policy through participation in the Tveterås and Pedersen NOU committees.   Monica Karlsen Quality assistant at Mowi Herøy Region North Born: 1975 Education: [] Background:  Worked 30 years in Mowi, initially as an Operator and later as Quality assistant at Mowi Herøy Monica Karlsen Quality assistant at Mowi Herøy Region North Born: 1975 Education: [] Background:  Worked 30 years in Mowi, initially as an Operator and later as Quality assistant at Mowi Herøy Eivind Kallbekken Feeding station technician, Mowi Norway Region North Born: 1980 Position: Feeding station technician, Mowi Norway Region North Education: [] Background: Started his job at Mowi Dorras operations centre in Region North in 2020, and before that has over 13 years of experience from offshore shipping in the North Sea. Eivind Kallbekken Feeding station technician, Mowi Norway Region North Born: 1980 Position: Feeding station technician, Mowi Norway Region North Education: [] Background: Started his job at Mowi Dorras operations centre in Region North in 2020, and before that has over 13 years of experience from offshore shipping in the North Sea. John Olav Johansen Quality Manager at Mowi Jøsnøya, Region Mid Born: 1968 Position: Quality Manager at Mowi Jøsnøya Education: Food Technology Vocational School certificate of apprenticeship in industrial food production (1998-2000), Quality management Marine Harvest at University Nord (2008-2010). Lean courses: 2013-2014. Background: Worked in Mowi since 1995, initially as an operator. Subsequently worked as Production Manager/Quality Manager at Osen (2000-2002), Department Manager at Ulvan processing plant (2002-2012), Quality Manager at Mowi Ulvan/Jøsnøya (2012-present).   John Olav Johansen Quality Manager at Mowi Jøsnøya, Region Mid Born: 1968 Position: Quality Manager at Mowi Jøsnøya Education: Food Technology Vocational School certificate of apprenticeship in industrial food production (1998-2000), Quality management Marine Harvest at University Nord (2008-2010). Lean courses: 2013-2014. Background: Worked in Mowi since 1995, initially as an operator. Subsequently worked as Production Manager/Quality Manager at Osen (2000-2002), Department Manager at Ulvan processing plant (2002-2012), Quality Manager at Mowi Ulvan/Jøsnøya (2012-present).   About us Our seafood Sustainability Investors Careers News Contact Media Follow our social media Mowi Global Copyright 2026 © Mowi Cookie settings Privacy Policy We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent. Read moreCookie SettingsReject AllAccept AllManage consent Close Privacy Overview This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. 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SAVE & ACCEPT Powered by Capital Markets Day - Mowi Company Website Media Contact Search Mowi Global About us Go to About us Our Values Our History Our Strategy Global Presence Our Structure Mowi Feed Mowi R&D Our seafood Go to Our seafood Tasty & Nutritious Taste & Health Quality Food Safety Our Seafood Trading & Bulk Sales Value Added Products Brand Portfolio Product Innovation Traceability Salmon Farming Sustainability Go to Sustainability Commitments & Actions Our certifications ESG Library ASC Dashboard Investors Go to Investors Share and bond Reports Presentations Capital Markets Day Corporate governance Stock exchange filings Resources Careers Go to Careers Vacancies Working at Mowi News Media Contact Mowi Global Search Select Country or Region Mowi Global Active Asia Mowi China Mowi Japan Mowi Korea Mowi Taiwan Europe Mowi Belgium (FR) Mowi Belgium (NL) Mowi Czechia (CZ) Mowi Czechia (EN) Mowi Faroe Islands Mowi France Mowi Germany Mowi Ireland Mowi Italy Mowi Netherlands Mowi Norway Mowi Poland Mowi Scotland Mowi Spain Mowi Turkey Americas Mowi Canada East Mowi Canada West Mowi Chile Mowi USA You are going to open MOWI Global page Continue Home Investors Capital Markets Day Capital Markets Day Capital Markets Day 2024, Presentation Capital Markets Day 2024, Webcast Mowi Capital Markets Day 2021: Presentation Mowi Capital Markets Day 2021: Webcast Presentation Marine Harvest Capital Markets Day 2018 Live stream from Marine Harvest Capital Markets Day 2018 Presentations Capital Markets Day 2016 Live stream from Marine Harvest Capital Markets Day 2016 BMO Capital Markets 2016 Farm to Market Conferance About us Our seafood Sustainability Investors Careers News Contact Media Follow our social media Mowi Global Copyright 2026 © Mowi Cookie settings Privacy Policy We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. 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CookieDurationDescription_cfuvidsessionDescription is currently not available.routesessionNo description available. SAVE & ACCEPT Powered by In Mowi ASA (reg. 964 118 191) we are committed to protecting and respecting your privacy This privacy notice provides general information concerning how we process personal data about our shareholders, visitors to our website, recipients of our newsletter and inquiries made through our online forms or by using contact information available on our website. You will find information about which personal data we may process and the purpose of such processing in this privacy policy. Upon processing of your personal data, Mowi acts as the data controller, meaning we are responsible for processing your personal data in a responsible manner and ensuring that you are able to invoke your rights under chapter III of the General Data Protection Regulation - GDPR - Regulation (EU) 2016/679. Personal data means any information concerning a natural person - hereinafter referred to as the data subject - e. g. name, e-mail address, telephone number or evaluations that may be linked to a natural person. If you have any questions or concerns about how we process your personal data, which rights you have in this regard or how to invoke such rights, you may contact us for assistance at privacy@mowi. com or by using the contact information provided below. Personal data we may process Mowi may process the following personal data about you: Name Address for shareholders Telephone number E-mail address IP address Geolocation Number of shares held by shareholders How personal data is collected Personal data may be freely provided by the data subject upon visitation to our website or registration to receive newsletters, by contacting Mowi ASA through our online forms or by using the contact information provided on our website. Mowi may also collect information about our shareholders using external third parties, e. g. custodian banks. In addition, we collect personal data by using cookies on our website. We do this to improve the user experience of our website. You may read more about how we use cookies below. Legal basis and the purpose of our processing of personal data Your personal data will solely be collected and processed for the purposes addressed in this privacy policy and Mowi will not further process your personal data in a manner that is incompatible with those purposes. Mowi will also limit the processing of personal data to the time frame which is necessary to fulfill the purpose of collecting your personal data in the first place and according to the legal basis of each processing. Once the retention period expires, personal data shall be deleted. Therefore, the right to access, the right to rectification and the right to data portability may not be enforceable after the expiration of the retention period. If you have any questions regarding the retention of your personal data, please contact us using the contact information provided below. Online forms Our online forms will be sent directly to Mowi's independent third-party provider. These online forms may be submitted anonymously or accompanied with your name, e-mail address and phone number. If you choose to provide personal data, we will process your personal data on the legal basis of your freely given consent pursuant to GDPR article 6 no. 1 letter a). We sincerely ask that you confine the provided information to what is necessary for us to address your inquiry and undertake appropriate actions. Mowi will stop processing personal data relating to such inquiries after Mowi has evaluated the inquiry and implemented appropriate measures (if any), provided that compliance with legal obligations does not require otherwise. Direct inquiries Inquiries addressed to the provided contact information on our website or within this privacy notice will result in Mowi processing your contact information and any other information provided by you. The legal basis for such processing is your freely given consent pursuant to GDPR article 6 no. 1 letter a). We sincerely ask that you confine the provided information to what is necessary for us to address your inquiry and undertake appropriate actions. Mowi will stop processing personal data relating to inquiries sent directly to us, after Mowi has evaluated the inquiry and implemented appropriate measures (if any), provided that compliance with legal obligations does not require otherwise. Newsletters Mowi will solely send newsletters to our verified newsletter recipients. Upon registration, you consent to Mowi processing your contact information as a necessary means to send you newsletters. Thus, the accompanying processing of your personal data will be based on your freely given consent pursuant to GDPR article 6 no. 1 letter a). You may at any time revoke your consent either by using the contact information provided below, or by following the hyperlink in the newsletters in order to unsubscribe our newsletter. If you at any time choose to withdraw your consent, all processing of your personal data conducted on the basis of the withdrawn consent, shall cease without undue delay. Shareholders Mowi may collect the name and address of shareholders holding more than 10 000 shares, as well as the number of shares held, to ensure a proper follow up of our investors and to share relevant information about the corporation. The processing includes enlisting the shareholders in an overview used by Mowi to maintain healthy investor relations. Information regarding shareholders holding less than 10 000 shares, will solely be included in an aggregated matter for the purpose of mapping out custodian banks holding shares for shareholders below the set threshold. Thus, the information will be anonymized. The legal basis for processing personal data about our shareholders is the legitimate interests pursued by Mowi according to GDPR article 6 no. 1 letter f), see also section 4-10 of the Norwegian PLC Act. Processing of personal data relating to Mowi’s shareholders will not exceed 5 years and otherwise be restricted to what is necessary to fulfill the initial purpose for which the personal data was collected. In order to conduct a proper follow up of Mowi’s shareholders, holding more than 10 000 shares, Mowi has engaged NASDAQ OMX Corporate Solutions International Limited (“Nasdaq”) to provide share register analysis services. As a result of Nasdaq being registered in the UK, this will include transfers of personal data to a third country outside the EU/EEA. However, such transfers are governed by standard contractual clauses approved by the European Commission and relevant supporting documents ensuring an adequate level of security and clear distribution of responsibility. The EU Commission has also adopted an adequacy decision for the UK, meaning that personal data transferred to the UK benefits from an essentially equivalent level of protection to that guaranteed under EU law. Matomo Analytics We use Matomo Analytics on our website, which is an open source web analytics platform used to measure, analyse and report traffic on our website. The purpose of using this technology is to better understand the user traffic and optimize the website. As such, we use Matomo to identify areas of improvement and potential pitfalls such as page not found, search engine indexing issues and which contents are the most appreciated. Once the data has been processed, Matomo generates reports for us to take action, e. g. changing the layout of the pages, publishing fresh content and similar. In order to obtain the above-mentioned purpose, we may place cookies on your chosen device and process additional personal data, compared to those mentioned above. This may include: User ID Date and time URL and title of the page being viewed URL of the page that was viewed prior to the current page Screen resolution Time in local timezone Files that were clicked and downloaded Link clicks to an outside domain Pages generation time Country, region, city Main language of the browser User agent of the browser All processing of personal data in this regard, will be based on your explicit consent pursuant to GDPR article 6 no. 1 letter a), meaning that we will not process your personal data with Matomo unless you have given us a clear and explicit consent. Matomo is a service provided by InnCraft Limited, which is a New Zealand registered company. You can read more about hosting locations and sub-processors in Matomo’s Privacy Policy. All personal data processed in this regard will be deleted as soon as they are no longer necessary, and all visits and actions raw data are deleted after 24 months and 14 days. However, whereas aggregated reports do not entail identifying information, those reports will not be deleted. If you wish to revoke your consent, you can opt-out at any time. There will be no consequences at all regarding the use of our website. Disclosure of personal data and data processors Mowi takes appropriate security measures to prevent unauthorized access to your personal data as well as to avoid unwarranted disclosure, modification and/or unauthorized destruction of such data. Mowi will not disclose personal data to third parties, unless the third party is engaged as a data processor to conduct a given process on behalf of Mowi governed by a data processor agreement, and sufficient guarantees have been made - securing that appropriate technical and organizational measures have been implemented. If you wish to receive a list of these parties, please let us know by using the contact information provided below. Place of processing and transfers to third countries outside the EU/EEA Mowi processes personal data at our operating offices and in any other locations where the parties involved in the processing are located. Depending on your location, data transfers may involve transferring your personal data to a country other than your own. If any such transfers take place, you may find out more by contacting Mowi using the information provided below. Mowi will restrict the transfer of personal data to third countries outside the EU/EEA as to what is necessary to provide a user friendly and satisfactory website, send newsletters to our subscribers as well as to receive and respond to inquiries sent to us through the appropriate channels, i. e. the online form on our website and emails addressed to the contact information provided below. Security Mowi has implemented appropriate organizational and technical measures to protect your personal data. We store personal data on servers with limited access located in secured facilities, and our security measures are monitored and evaluated on an ongoing basis. Legal action Your personal data may be used for legal purposes by Mowi in court or in the stages leading to possible legal action arising from improper use of this website or the related Services. System logs and maintenance For operation and maintenance purposes, this website and any third-party services may collect files that record interactions with this website (system logs) and use other personal data (e. g. IP-address) for this purpose. Rights of the data subject In the event of Mowi processing personal data concerning you, you have the following rights in accordance with the General Data Protection Regulation (GDPR): You have the right to obtain confirmation as to whether or not Mowi processes your personal data and to access any personal data Mowi processes about you, as well as the purpose of said processing. You have the right to verify and where applicable rectify any inaccurate personal data concerning you and to have incomplete personal data completed. You have the right to obtain restrictions on processing of personal data concerning you. You have the right to object to the processing of personal data and to withdraw any previously given consent. Please note that the withdrawal of a consent does not affect the lawfulness of any processing performed previous to the withdrawal. You have the right to erasure of personal data concerning you. Upon request of erasure Mowi will be obligated to erase personal data concerning you unless Mowi otherwise has legal grounds to further process the data. You have the right to lodge a complaint and to bring a claim before the competent data protection authority. Information regarding when and how to lodge a complaint may be found here. If you wish to exercise any of these rights or have questions regarding how to invoke such rights or the contents of them, please let us know by using the contact information provided below. Changes to this privacy policy Mowi reserves the right to make changes to this privacy policy at any time. Changes will be updated and published on this website and Mowi may - as far as technically and legally feasible - send you a notice using any contact information available to us. We recommend that you check this page regularly and verify the date of last modification at the bottom, to ensure that you are acquainted with the latest and applicable terms and conditions as set forth in this privacy policy. Provided that the changes affect processing activities performed on the basis of consent, Mowi will collect a new consent to secure legal basis for the continuation of the processing activity. Cookie statement Cookies are small text files that are used to store small pieces of information. They are stored on your device when the website is loaded on your browser. Mowi uses both first-party and third-party cookies on our website for several purposes. First-party cookies are mostly necessary for the website to function properly and to improve security. These cookies do not collect any personally identifiable data. Third-party cookies serve the purpose of helping us understand how the website performs, how you interact with our website, keeping our services secure, providing advertisements relevant to you, and all in all helping speed up your future interactions with our website. These cookies will be stored in your browser only with your consent and you have the option to opt-out of these cookies. However, opting out of some of these cookies may affect your browsing experience. Should you decide to change your preferences later through your browsing session, you can click on the ‘Cookie Settings-Manage consent’ tab on your screen. This will display the consent notice again enabling you to change your preferences or withdraw your consent entirely. As different browsers provide different methods to block and delete cookies, we may assist you in this matter. If such assistance is desired, please contact us by using the contact information provided below. Necessary cookies Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously. CookieDurationDescription__cf_bm1 hourThis cookie, set by Cloudflare, is used to support Cloudflare Bot Management. ak_bmsc2 hoursThis cookie is used by Akamai to optimize site security by distinguishing between humans and botsASP. NET_SessionIdsessionIssued by Microsoft's ASP. NET Application, this cookie stores session data during a user's website visit. cookielawinfo-checkbox-advertisement1 yearThis cookie is set by GDPR Cookie Consent plugin. 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Leading a Blue Revolution is not easy but we believe Mowi’s unique strengths of a global presence, being fully integrated and a front runner on environmental stewardship and innovation will make a positive impact in the world. ” Ivan Vindheim, CEO Contact us Mowi is located in 25 countries worldwide and has businesses in all the main salmon farming areas in the world. Our Structure - Mowi Company Website Media Contact Search Mowi Global About us Go to About us Our Values Our History Our Strategy Global Presence Our Structure Mowi Feed Mowi R&D Our seafood Go to Our seafood Tasty & Nutritious Taste & Health Quality Food Safety Our Seafood Trading & Bulk Sales Value Added Products Brand Portfolio Product Innovation Traceability Salmon Farming Sustainability Go to Sustainability Commitments & Actions Our certifications ESG Library ASC Dashboard Investors Go to Investors Share and bond Reports Presentations Capital Markets Day Corporate governance Stock exchange filings Resources Careers Go to Careers Vacancies Working at Mowi News Media Contact Mowi Global Search Select Country or Region Mowi Global Active Asia Mowi China Mowi Japan Mowi Korea Mowi Taiwan Europe Mowi Belgium (FR) Mowi Belgium (NL) Mowi Czechia (CZ) Mowi Czechia (EN) Mowi Faroe Islands Mowi France Mowi Germany Mowi Ireland Mowi Italy Mowi Netherlands Mowi Norway Mowi Poland Mowi Scotland Mowi Spain Mowi Turkey Americas Mowi Canada East Mowi Canada West Mowi Chile Mowi USA You are going to open MOWI Global page Continue Home About us Our Structure Our Structure Our operation is structured into five main areas – Breed, Feed, Farming, Sales and Marketing and Research & Development. All vital to delivering the finest salmon to your table. Mowi Breeding We select the strongest, healthiest and tastiest of each generation to create the world’s finest broodstock. Mowi Feed Comprises our feed plants in Norway and Scotland. Read more Mowi Farming Incorporates our farming operation, some primary processing and filleting activities in Norway, Scotland, Canada, Chile, Ireland and the Faroe Islands. Mowi Sales & Marketing Includes our secondary processing and value added operations in Europe, the US and Asia, and the sales and delivery of our products. Mowi R&D We invest significantly in research, development and innovation to solve our challenges and create new growth opportunities Read more More about Mowi Our Values Our History Our Strategy Global Presence Mowi Feed Mowi R&D About us Our seafood Sustainability Investors Careers News Contact Media Follow our social media Mowi Global Copyright 2026 © Mowi Cookie settings Privacy Policy We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent. Read moreCookie SettingsReject AllAccept AllManage consent Close Privacy Overview This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. 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SAVE & ACCEPT Powered by Global Presence - Mowi Company Website Media Contact Search Mowi Global About us Go to About us Our Values Our History Our Strategy Global Presence Our Structure Mowi Feed Mowi R&D Our seafood Go to Our seafood Tasty & Nutritious Taste & Health Quality Food Safety Our Seafood Trading & Bulk Sales Value Added Products Brand Portfolio Product Innovation Traceability Salmon Farming Sustainability Go to Sustainability Commitments & Actions Our certifications ESG Library ASC Dashboard Investors Go to Investors Share and bond Reports Presentations Capital Markets Day Corporate governance Stock exchange filings Resources Careers Go to Careers Vacancies Working at Mowi News Media Contact Mowi Global Search Select Country or Region Mowi Global Active Asia Mowi China Mowi Japan Mowi Korea Mowi Taiwan Europe Mowi Belgium (FR) Mowi Belgium (NL) Mowi Czechia (CZ) Mowi Czechia (EN) Mowi Faroe Islands Mowi France Mowi Germany Mowi Ireland Mowi Italy Mowi Netherlands Mowi Norway Mowi Poland Mowi Scotland Mowi Spain Mowi Turkey Americas Mowi Canada East Mowi Canada West Mowi Chile Mowi USA You are going to open MOWI Global page Continue Home About us Global Presence Global Presence Our entities around the world Europe Norway Mowi headquarters About Mowi’s headquarter is located in Bergen, Norway and represent the origin of our company started in 1964. Today Norway is our largest and most important farming region with presence from the South to the very North of the country. In Norway, our operations cover the entire value chain from breed and feed to farming in freshwater and seawater to sales. In addition, Norway is the center for our genetics department, RnD efforts as wel as trading, central administration and general managment team. Address Mowi ASA Sandviksboder 77AB 5035 Bergen Norway Contact +47 21 56 23 00 Belgium About Mowi Belgium is a dynamic seafood company with facilities in Bruges and Ostend. The factory in Bruges was founded in 1953. The facility is specialized in processing and packaging of fresh fish, both salmon and a large range of whitefish species. The factory in Ostend was founded in 1924 and has a long tradition and expertise in the production of top-quality smoked salmon. Mowi Belgium is specialized in the production, sales and marketing of a wide range of fish and seafood products, including fresh, smoked, frozen and coated fish products, pre-packed or in bulk packaging for foodservice and industry. Address Kolvestraat 4 8000 Brugge Belgium Contact +32 504 58 585 Poland About Mowi Poland is our largest processing unit with a total of 9 factories, processing both Atlantic salmon as well as other species in all formats from fresh to smoked to a variety of specialties products. Mowi Poland acts as a hub for our operations in Central Europe and provides products to several markets. In Poland we have a large team of specialists in many areas such as product development, processing, sales, marketing as well as a business support center. Address MOWI POLAND S.A Duninowo 39, 76-270 Ustka +48 (59) 8100721 Contact sekretariat@mowi.com konsument@mowi.com France About As France is a key market, we have 2 dedicated plants, specialised in fish processing and preparation: Mowi Boulogne-sur-Mer, our flagship to process fresh salmon and a range of whitefish species, as well as pack coated products. Address 3 rue Léon Calon 62 200 Boulogne-sur-Mer Contact 03.21.10.67.66 Faroe Islands About On the Faroe Islands, Mowi farms Atlantic salmon and has a production of approx. 10.000 tons annually. Address Ternubrekkan 3, 695 Hellurnar Contact (+298) 44 47 33 office.faroes@mowi.com Germany About Germany is an important consumer market and Mowi Germany has both a sales team and one processing plant. Address Contact +49 991 372104-0 Laschinger info@laschinger.de Ireland About Mowi Ireland is Ireland’s largest producer of farmed Atlantic salmon. Our entire production in Ireland is organic certified. Mowi Ireland operates in five counties on the west coast of Ireland, from Donegal in the north of the country to Cork and Kerry in the southwest of the country. The first harvest of Atlantic salmon took place in Ireland in 1984 from young salmon put to sea in 1982. By 1986 the company became self-sufficient with its own broodstock. Since then the company has grown and now exports over 85% of our product to countries all around the world including USA, France, Belgium, Italy, UK, Germany and Switzerland, Canada and the middle east. Address Ballylar PO, Rinmore, Fanad, Letterkenny,  F92T677 Co. Donegal Contact 0035374 9192100 Mowi Ireland irishsales@mowi.com Italy About Italy is an important consumer market, and Mowi is present with a team consisting of sales, quality, logistics and administration.       Address Mowi Italia srl Via Stalingrado 67/10 E-C 40128 Bologna Contact (+39) 051 675 21 98 Netherlands About In the Netherlands, we have one processing plant, Mowi Lemmer. It’s a coating specialist and process several fish species in a variety of formats, shapes and sizes into a wide range of high-quality convenience products which find their way to consumers at home and abroad through retail and foodservice channels. Mowi Lemmer is the oldest company in the Mowi group, founded in 1882 as a smokehouse for fish landed locally.  Address Vuurtorenweg 12, 8531 HJ Lemmer, The Netherlands Contact +31 514 568 600 Contact Information lemmer@mowi.com Scotland About Mowi Scotland is the UK’s largest supplier of farm-raised Atlantic salmon. In Scotland, we have the full value chain from feed to farming to primary and secondary processing of salmon. Our production facility at Rosyth provides delicious, healthy, great tasting products for our customers and for our own MOWI brand.  Address Contact General enquiries: enquiries.scotland@mowi.com Turkey About Mowi Turkey is located on the Asian side of Istanbul. With a sales team in the market and processing facilities, Mowi Turkey serve delicious, healthy, great tasting products to the local market.   Address Barbaros mah. Alzambak sok . Varyap Meridyan Sitesi A blok Grand Tower Zemin Kat No:10 Ataşehir İstanbul Turkey Contact +90 0216 510 53 43 Mowi Turkey Su Ürünleri Ticaret Anonim Şirketi lsk@mowi.com Czechia About MOWI Czechia – salmon leading company in the region. We are part of Mowi Central Europe – the entity of Mowi ASA. Mowi is one of the largest seafood companies in the world, and the world’s largest producer of Atlantic salmon. MOWI Czechia entity serves markets in Czech Republic, Hungary, Slovakia, Ukraine, Baltic and Balkan countries (Romania, Bulgaria, Croatia, Greece, Slovenia, North Macedonia, Moldova, Serbia, Bosnia & Herzegovina, Albania, Kosovo, Montenegro) … Mowi’s headquarter is located in Bergen, Norway and represent the origin of our company started in 1964. Our vision is to deliver and promote top-quality and value-added salmon products with a focus on blue revolution strategy (produce more food from the ocean thus meeting the demands of a growing population while respecting the planet and helping local communities to flourish). Address MOWI Czechia s.r.o. Prosecká 851/64, 190 00 Praha 9-Prosek, Czechia Contact info.cz[at]mowi.com Social Media Americas Chile About Mowi Chile is one of the pioneering companies in aquaculture in the Chile. We have more than 800 employees and we cover the entire value chain. Our operations are mostly located in the Los Lagos region as well as the Aysén region. Puerto Montt Address Ruta Chinquihue Km. 12 S/N Puerto Montt Chile Contact +56 65 222 1910 Canada About Canada is an important farming region where Mowi has operations on both the East and West coast. Mowi Canada East proudly operates in New Brunswick, Prince Edward Island, and Newfoundland and Labrador. Mowi Canada West farms Atlantic salmon in British Columbia using an integrated system of brood stock selection, freshwater hatcheries, saltwater farms and state-of-the-art processing plant. Address 1046 Cedar Street Campbell River, BC V9W 7E2 Canada Contact (250) 850-3276 USA About Mowi USAs head office is located in Florida. Mowi has three factories in the US, one in Florida, one in Texas and one in Maine. Perfectly located to serve all of US with Atlantic salmon and other seafood from all origins. Our production facilities have the ability to deliver highly value-added products from fresh portions to smoked slices. Address 8499 NW 80th Street, Medley, Florida 33166 Contact (305)591-8550 Asia China About In China, we have a sales office and a processing plant. Mowi China sources raw material from all corners of the world to supply customers in the Chinese market. Address Room 152. Entrance 1, Building 5, Tayuan Diplomatic Compund, NO.1 Xindong Road Chaoyang District, Beijing Contact 010-64620158 Japan About Japan is a large seafood market and consumer of Atlantic salmon. Mowi has three own processing plants in the country and our main office is located in Tsukiji, Tokyo. Address Nichirei Higashi Ginza Building 9F 6-19-20 Tsukiji, Chuo-ku, Tokyo Contact 03-4533-7230 / 03-6687-0970 Korea About Mowi Korea has one processing plant and the head office is located in the center of Seoul. Address 6F, Seoul Finance Center, 136 Sejong-daero, Jung-gu, Seoul, Korea Contact Singapore About In Singapore, we have our management team for our Asian operation as well as a sales department covering the South-East Asian market. Address 460 Alexandra Road,#27-03 mTower, Singapore 119963 Contact +65 6408 9080 Ling.Ling.Ong@mowi.com Taiwan About Mowi Taiwan serves the Taiwanese market with healthy, great tasting salmon and seafood products. In addition to selling our products to customers and under our Supreme Salmon brand, we also have a restaurant franchise under the same brand. Address Contact Vietnam About Mowi Vietnam is located in the province of Dong Nai only 30km from the largest city in Vietnam, Ho Chi Minh City. Mowi Vietnam production facility has been operating for over 15 years with a stable core production work force managed by quality veterans within the industry, and serves the whole Asian region with high-quality products.   Address 102/6 Road No. 2 Long Binh (Amata) Industrial Park, Long Binh Ward, Bien Hoa City, Dong Nai Province, Vietnam Contact Tel: +84 251 393 6100 More about Mowi Our Values Our History Our Strategy Mowi Feed Mowi R&D About us Our seafood Sustainability Investors Careers News Contact Media Follow our social media Mowi Global Copyright 2026 © Mowi Cookie settings Privacy Policy We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent. Read moreCookie SettingsReject AllAccept AllManage consent Close Privacy Overview This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience. Necessary Necessary Always Enabled Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously. 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CookieDurationDescription_cfuvidsessionDescription is currently not available.routesessionNo description available. SAVE & ACCEPT Powered by Press and media material For press inquiries, please contact media@mowi. com or call at +47 481 89 900. Working at Mowi People make Mowi. It’s as simple as that. And we want to hear from people who are as passionate about the planet and our products as we are. Working for Mowi means joining a team of people who pride themselves on driving change and are committed to making a difference. Our History - Mowi Company Website Media Contact Search Mowi Global About us Go to About us Our Values Our History Our Strategy Global Presence Our Structure Mowi Feed Mowi R&D Our seafood Go to Our seafood Tasty & Nutritious Taste & Health Quality Food Safety Our Seafood Trading & Bulk Sales Value Added Products Brand Portfolio Product Innovation Traceability Salmon Farming Sustainability Go to Sustainability Commitments & Actions Our certifications ESG Library ASC Dashboard Investors Go to Investors Share and bond Reports Presentations Capital Markets Day Corporate governance Stock exchange filings Resources Careers Go to Careers Vacancies Working at Mowi News Media Contact Mowi Global Search Select Country or Region Mowi Global Active Asia Mowi China Mowi Japan Mowi Korea Mowi Taiwan Europe Mowi Belgium (FR) Mowi Belgium (NL) Mowi Czechia (CZ) Mowi Czechia (EN) Mowi Faroe Islands Mowi France Mowi Germany Mowi Ireland Mowi Italy Mowi Netherlands Mowi Norway Mowi Poland Mowi Scotland Mowi Spain Mowi Turkey Americas Mowi Canada East Mowi Canada West Mowi Chile Mowi USA You are going to open MOWI Global page Continue Home About us Our History Our History From backyard beginnings to world leadership Since the Mowi adventure started in 1964 the company has grown and changed in many ways. From its humble beginnings, when a few pioneers started farming fish in their back yards, through to the present day, Mowi has become a global leader in its field. As the company has grown, both organically and as a result of mergers and acquisitions, Mowi has maintained its leading position at the forefront of the aquaculture industry. 1964 1969 1975-1976 1980-2005 2006-2007 2012 2013 2018 2019-2024 2022 1964 The adventure of Mowi begins. Salmon came from the rivers Vosso and Årøy. 1969 First stocking of salmon smolt in seawater. Hydro buys 50% of Mowi. 1975-1976 Mowi become a recognised local brand. The Mowi breeding adventure starts. 1980-2005 Several M&As and Norsk Hydro takes 100% ownership of Mowi and changes name to Marine Harvest. 2006-2007 The Marine Harvest Group is established from three independent companies (Pan Fish, Marine Harvest, Fjord Seafood). 2012 The Group establishes its own feed division with factory, strengthening a fully integrated value chain. 2013 Morpol becomes a part of the Group. 2018 Marine Harvest once again becomes Mowi. MOWI brand successfully launched. 2019-2024 Recognised as the world’s most sustainable animal protein producer by Coller FAIRR four years running. 2022 Mowi enters Iceland with the acquisition of 51% of Arctic Fish. More about Mowi Our Values Our Strategy Global Presence Mowi Feed Mowi R&D About us Our seafood Sustainability Investors Careers News Contact Media Follow our social media Mowi Global Copyright 2026 © Mowi Cookie settings Privacy Policy We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent. Read moreCookie SettingsReject AllAccept AllManage consent Close Privacy Overview This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. 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SAVE & ACCEPT Powered by News Center - Mowi Company Website Media Contact Search Mowi Global About us Go to About us Our Values Our History Our Strategy Global Presence Our Structure Mowi Feed Mowi R&D Our seafood Go to Our seafood Tasty & Nutritious Taste & Health Quality Food Safety Our Seafood Trading & Bulk Sales Value Added Products Brand Portfolio Product Innovation Traceability Salmon Farming Sustainability Go to Sustainability Commitments & Actions Our certifications ESG Library ASC Dashboard Investors Go to Investors Share and bond Reports Presentations Capital Markets Day Corporate governance Stock exchange filings Resources Careers Go to Careers Vacancies Working at Mowi News Media Contact Mowi Global Search Select Country or Region Mowi Global Active Asia Mowi China Mowi Japan Mowi Korea Mowi Taiwan Europe Mowi Belgium (FR) Mowi Belgium (NL) Mowi Czechia (CZ) Mowi Czechia (EN) Mowi Faroe Islands Mowi France Mowi Germany Mowi Ireland Mowi Italy Mowi Netherlands Mowi Norway Mowi Poland Mowi Scotland Mowi Spain Mowi Turkey Americas Mowi Canada East Mowi Canada West Mowi Chile Mowi USA You are going to open MOWI Global page Continue Home News Center News Center Featured posts News News Mar 25, 2026 The 2025 Annual Report is here Blog Blog Feb 11, 2026 A record fourth quarter ends a record ye... News News Dec 22, 2025 Mowi enters into strategic feed partners... Blog Blog Oct 09, 2025 Mowi’s Sustainability Strategy... News Stay informed on whats happening at Mowi and how we are performing within the industry. Mar 25, 2026 The 2025 Annual Report is here Mowi is one of the world’s leading seafood companies, ranked number one on both market capitalisation and sustainability. Mowi is also by far the world’s largest Atlantic salmon farmer with harvest vo... Dec 22, 2025 Mowi enters into strategic feed partnership with Skretting/Nutreco (Bergen, 22 December 2025) Mowi ASA enters into a strategic and industrial partnership agreement with Skretting/Nutreco where Mowi produces feed based on Skretting’s feed formulation making Mowi an ev... Nov 05, 2025 Record-high volumes for Mowi in Q3   Mowi reported revenues of EUR 1.39 billion and an operational EBIT of EUR 112 million in the third quarter. In a quarter marked by low salmon prices due to high supply growth, Mowi deli... Aug 20, 2025 Seasonally record-high volumes and revenues for Mowi in Q2   Mowi generated operating revenues of EUR 1.39 billion in the second quarter which translated into an operational profit of EUR 189 million. The second quarter of 2025 ended with record-... May 21, 2025 Mowi opens new post-smolt facility in Haukå, Norway Today was the official opening of the new post-smolt facility at Mowi's freshwater site in Haukå, Norway. The facility will become one of the world's most extensive post-smolt facilities. Mowi's CE... May 14, 2025 Another strong operational quarter for Mowi Mowi generated operating revenues of EUR 1.36 billion in the first quarter which translated into an operational profit of EUR 214 million. The first quarter of 2025 brought increased revenu... Mar 26, 2025 Mowi Annual Report 2024 2024 was a record year for Mowi, and the company achieved several milestones. Operational revenue of EUR 5.62 billion was the highest ever, driven by record-high volumes of 502k tonnes. In the Far... Feb 12, 2025 Record-breaking quarter ends a record year for Mowi Mowi generated record-high operating revenues of EUR 1.50 billion in the fourth quarter which translated into an operational profit of EUR 226 million. Mowi ended 2024 with a string of record... Jan 30, 2025 Mowi increases ownership of Nova Sea from 49% to 95% Mowi ASA has entered into an agreement with Vigner Olaisen AS to acquire its controlling stake in Nova Sea AS, leveraging the strong joint position in one of the world’s best areas for salmon farm... See all news Blog Explore our curated content where you will find out more about our views and latest information related to our work. Feb 11, 2026 A record fourth quarter ends a record year for Mowi Oct 09, 2025 Mowi's Sustainability Strategy Oct 02, 2025 Wild salmon vs Farmed salmon Aug 19, 2025 Breeding our salmon See all articles About us Our seafood Sustainability Investors Careers News Contact Media Follow our social media Mowi Global Copyright 2026 © Mowi Cookie settings Privacy Policy We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent. Read moreCookie SettingsReject AllAccept AllManage consent Close Privacy Overview This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. 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SAVE & ACCEPT Powered by Our Strategy - Mowi Company Website Media Contact Search Mowi Global About us Go to About us Our Values Our History Our Strategy Global Presence Our Structure Mowi Feed Mowi R&D Our seafood Go to Our seafood Tasty & Nutritious Taste & Health Quality Food Safety Our Seafood Trading & Bulk Sales Value Added Products Brand Portfolio Product Innovation Traceability Salmon Farming Sustainability Go to Sustainability Commitments & Actions Our certifications ESG Library ASC Dashboard Investors Go to Investors Share and bond Reports Presentations Capital Markets Day Corporate governance Stock exchange filings Resources Careers Go to Careers Vacancies Working at Mowi News Media Contact Mowi Global Search Select Country or Region Mowi Global Active Asia Mowi China Mowi Japan Mowi Korea Mowi Taiwan Europe Mowi Belgium (FR) Mowi Belgium (NL) Mowi Czechia (CZ) Mowi Czechia (EN) Mowi Faroe Islands Mowi France Mowi Germany Mowi Ireland Mowi Italy Mowi Netherlands Mowi Norway Mowi Poland Mowi Scotland Mowi Spain Mowi Turkey Americas Mowi Canada East Mowi Canada West Mowi Chile Mowi USA You are going to open MOWI Global page Continue Home About us Our Strategy Our Strategy Integrated Value Chain At Mowi, we believe the right way to supply a growing world population with healthy, nutritious protein products is by sustainably farming the ocean. Our vision is “Leading the Blue Revolution” and our ambition is to be a world-leading, integrated producer of seafood proteins. Mowi offers a wide range of products from value-priced to premium alternatives for consumers to choose from, thus providing flexibility aligned with their budget. It is more important than ever to make nutritious and sustainable food affordable and accessible to millions of people, while respecting our planet and allowing local communities to flourish. Read more Just a few decades ago our founders were growing salmon in netted bays and mixing fish feed by hand. Over 50 years later, our investments in areas such as genetics, feed, value-added processing and smart technology have transformed our business and now place us in a leading position that few food producing companies can match. By controlling everything, from breed to feed, from health to harvest, from processing to plate we can provide precisely what is needed at every stage of the value chain. It gives clear provenance to everything we do and gives our customers transparency and certainty. It makes us more flexible and responsive – able to answer customers’ requests and address any concerns quickly and effectively. But, most importantly, it creates trust in what we do and how we do it. We hire the best in the industry to ensure expertise at each stage of our value chain and we gather and exchange data, experiences and practices from our global operations which provides us with opportunities that are difficult to match or copy. Our value chain control lets us set ambitious sustainability targets and make a positive impact on our planet. Practically, this includes sourcing sustainable feed ingredients, reducing greenhouse gas emissions, sourcing more and more of our electricity from renewable sources, and looking at our plastic usage at every stage of the business. This is all underpinned by investment in robust research and development by teams across the entire Mowi value chain who continually look at how we can innovate and be more sustainable moving forward. Discover our Value Chain Click on a chain link to see more details Breed Feed Freshwater At sea Harvest Processing & Logistics Product & Innovation Market OUR UNIQUE BREED We select the strongest, healthiest and tastiest of each generation to create the world’s finest broodstock . We have worked with the same strain of salmon since Mowi’s beginnings in 1964 and we work hard to protect and develop our unique breed. We have our own breeding and genetics department and our strategy is to produce our own eggs to secure the selection of the best genetic properties. We hold our own brood stock and invest significant efforts and resources to improve the performance, disease resistance, welfare and quality of the fish. OUR OWN FEED We develop and manufacture our own salmon feeds to ensure that our unique Mowi breed gets precisely the right nutrients to thrive at every stage of life. FRESHWATER We operate some of the world’s most advanced freshwater systems to nurture our salmon through the early stages of life. AT SEA We are setting exceptional standards of fish welfare and environmental care at our seawater salmon farms around the world. HARVEST Harvesting is one of the most critical points in our value chain. We have developed world-class technologies to perfect the timing of harvests and minimise stress levels. PROCESSING & LOGISTICS We are leading the world by setting new standards of best-practice and developing innovative processing and monitoring techniques. We have 41 primary and secondary processing facilities across 19 countries, which allows us to adapt and evolve to meet customer demand. PRODUCT & INNOVATION Our product development teams are setting new standards of innovation with world-beating products that enhance our value chain. MARKET We are setting new standards in the ways in which salmon is presented. Drawing on culinary cultures from around the world, we are inspiring ever more interesting and delicious ways to enjoy Mowi salmon. Download MOWI Integrated Value Chain in PDF Soay - September 2022 More about Mowi Our Values Our History Global Presence Mowi Feed Mowi R&D About us Our seafood Sustainability Investors Careers News Contact Media Follow our social media Mowi Global Copyright 2026 © Mowi Cookie settings Privacy Policy We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent. 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SAVE & ACCEPT Powered by Our Culture Sourcing - Mowi Company Website Media Contact Search Mowi Global About us Go to About us Our Values Our History Our Strategy Global Presence Our Structure Mowi Feed Mowi R&D Our seafood Go to Our seafood Tasty & Nutritious Taste & Health Quality Food Safety Our Seafood Trading & Bulk Sales Value Added Products Brand Portfolio Product Innovation Traceability Salmon Farming Sustainability Go to Sustainability Commitments & Actions Our certifications ESG Library ASC Dashboard Investors Go to Investors Share and bond Reports Presentations Capital Markets Day Corporate governance Stock exchange filings Resources Careers Go to Careers Vacancies Working at Mowi News Media Contact Mowi Global Search Select Country or Region Mowi Global Active Asia Mowi China Mowi Japan Mowi Korea Mowi Taiwan Europe Mowi Belgium (FR) Mowi Belgium (NL) Mowi Czechia (CZ) Mowi Czechia (EN) Mowi Faroe Islands Mowi France Mowi Germany Mowi Ireland Mowi Italy Mowi Netherlands Mowi Norway Mowi Poland Mowi Scotland Mowi Spain Mowi Turkey Americas Mowi Canada East Mowi Canada West Mowi Chile Mowi USA You are going to open MOWI Global page Continue Home About us Our Structure Mowi Feed Sourcing Sourcing Mowi Feed Sourcing Valsneset Kyleakin Feed R&D R&D Structure and Organisation R&D Collaborations Sharing our Knowledge Strategy and ambitions Contact Sourcing feed Raw Materials Sourcing sustainable feed ingredients is crucial if we are to remain a front-runner regarding environmental responsibility. All ingredients, marine as well as plant based in origin, which are used in the production of our feeds, are fully traceable. In terms of raw material development, we strive towards independence from specific raw material sources be they of marine origin or those derived from commodities including wheat, soya, corn, peas or beans etc. This will secure our cost competitiveness in the face of fluctuations in commodity markets and give us the power to catalyse change in the supply chain through our ability to switch between sustainable, responsible, solutions when circumstances dictate it. In seeking to expand our spectrum of available raw materials, we continue our efforts by validating promising candidates including those derived as by- or co-products from other feed, food and even non-food industries. Within this scope, we include products derived from insects, alcohol fermentation, CO2 capture and forestry. Important focus areas Maintain raw material flexibility Developing the raw-material basket and ensuring availability of cost effective, safe and sustainable raw materials Ensure optimal nutrient composition Improving our understanding of the nutrient requirements of Mowi salmon Diets enhancing fish robustness and product quality Developing functional ingredients and better meeting the nutritional needs of Mowi salmon Feed development to fine-tune product quality attributes Work towards lower carbon footprint Work with existing suppliers towards reducing the carbon footprint of feed raw materials Developing new feed raw materials with a lower carbon footprint To read more about Mowi sustainability goals and position, please visit our 
Sustainability section and our Leading the Blue Revolution Plan. Sustainability The Mowi goal is to provide a growing world population with delicious, healthy, and nutritious food from the ocean. To achieve that, Mowi Feed, sources feed ingredients in accordance with our responsible sourcing policy. We continue to develop the range of products, including freshwater, organic and cleaner fish diets. We are working towards the 2023 FAO global roadmap to achieve the SDG 2 without breaching the 1.5° C threshold. Our policy on sourcing sustainable raw feed materials Traceability All ingredients used in salmon feed shall have a traceability system in place Marine raw materials Our marine raw materials processed dorm whole fish will be sourced from suppliers who adhere to responsible fishery management practices and that are certified as sustainable (MSC, Marine Trust standard or similar) or part od Fisheries Improvement Projects (FIPs). Marine raw materials shall not originate from IUU catch or IUCN red listed fish species classified as endangered. Vegetable raw materials We support efforts to increase purchases of sustainability sourced vegetable raw materials. The soy used in our feed is 100% deforestation-free. Modern slavery Mowi has zero-tolerance approach to modern slavery ans human trafficking. Feed raw material suppliers shall have in place due dilligence controls to prevent modern slavery from occuring in their own operations and supply chains. Certification As a minimum, feed suppliers should be GLOBAL GAP certified by an accredited certification body (CB). IUCN – International Union for the Conservation of Nature IUU – Illegal, Unregulated and Unreported About us Our seafood Sustainability Investors Careers News Contact Media Follow our social media Mowi Global Copyright 2026 © Mowi Cookie settings Privacy Policy We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent. Read moreCookie SettingsReject AllAccept AllManage consent Close Privacy Overview This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. 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SAVE & ACCEPT Powered by Valsneset - Mowi Company Website Media Contact Search Mowi Global About us Go to About us Our Values Our History Our Strategy Global Presence Our Structure Mowi Feed Mowi R&D Our seafood Go to Our seafood Tasty & Nutritious Taste & Health Quality Food Safety Our Seafood Trading & Bulk Sales Value Added Products Brand Portfolio Product Innovation Traceability Salmon Farming Sustainability Go to Sustainability Commitments & Actions Our certifications ESG Library ASC Dashboard Investors Go to Investors Share and bond Reports Presentations Capital Markets Day Corporate governance Stock exchange filings Resources Careers Go to Careers Vacancies Working at Mowi News Media Contact Mowi Global Search Select Country or Region Mowi Global Active Asia Mowi China Mowi Japan Mowi Korea Mowi Taiwan Europe Mowi Belgium (FR) Mowi Belgium (NL) Mowi Czechia (CZ) Mowi Czechia (EN) Mowi Faroe Islands Mowi France Mowi Germany Mowi Ireland Mowi Italy Mowi Netherlands Mowi Norway Mowi Poland Mowi Scotland Mowi Spain Mowi Turkey Americas Mowi Canada East Mowi Canada West Mowi Chile Mowi USA You are going to open MOWI Global page Continue Home About us Our Structure Mowi Feed Valsneset Valsneset Mowi Feed Sourcing Valsneset Kyleakin Feed R&D R&D Structure and Organisation R&D Collaborations Sharing our Knowledge Strategy and ambitions Contact The construction of the Valsneset feed mill began in 2013 with production starting the summer of 2014. The mill is based around two high-capacity production lines, with an annual capacity exceeding 410,000 MT. The factory operates 24 hours a day, more or less 365 days a year, except for a few planned maintenance shuts. We are around 70 employees at the factory, in a wide variety of roles, from Finance and Planning, to Production, Maintenance and Quality. Local community information Mowi Feed is a large and well known employer where our feed mills are located. It is important for us to work together with the local community, to minimize disturbances to our neighbors and to develop an attractive environment to live and work in. We want to be a “good neighbor” seen as a contributor to the community. With most of our employees living locally around our feed mills and a long term need to attract and maintain competence at our mills, we want to contribute to a positive development in the local community, helping also Mowi to develop. We interact with the local community in many ways: We keep an open and honest dialogue with local politicians, inviting them for regular meetings and update them on our plans and challenges, as well as listening to their feedback on our operation. When invited we also participate in local councils. We participate (when available) in and support local organizations to develop businesses and attractivity to the area. We also try to buy locally, when price and quality are competitive. We support local organizations with sponsorship, mainly aiming at activities for children and youth in the area. We keep an open and honest dialogue with local news media. We encourage our employees to engage locally and encourage everyone to contact the company if they got questions or concerns. We regularly keep “open days” at our factories, inviting the public to visit us and see what we do, as well as to ask questions or raise concerns. We keep a regular contact with local schools and invite them to visit our factories. We are open and approachable when it comes to input from anyone in the local society. Informasjon til allmenheten etter §12 i storulykkeforskriften ASC Information 2025 Volume of Marine Ingredients and MSL – Valsneset 2025 Mowi Feed Due Diligence Pathways and Low Risk Plant Ingredients Report v1.0 GHG emissions Scope 1&2 Valsneset: 34,5 For further information place visit Mowi Sustainability section and read Mowi Annual Report 2025, planet section. Mowi Integrated Annual Report 2025 Visit Sustainability #Valsneset in News Visit News Mar 08, 2021 Capital Markets Day 2021 The presentation is available in PDF on our presentations page.   Capital Markets Day 2021 Mowi is one of the world’s leading seafood companies, ranked as number one on both market capitalisation and sustainability. Mowi is also by far the world’s largest Atlantic salmon farmer with ... Read more Apr 29, 2022 Demerger of Mowi ASA The Board of Directors of Mowi ASA has signed demerger plans as preparation for the sale of the two development projects the Egg and the Donut. The Egg project comprises inter alia grants for 6 development licenses and an agreement on the right to use the technology to be tested in the Egg project. ... Read more Mar 24, 2021 Green Bond Impact Report 2020 As the first seafood company to issue a green bond, we are proud to present Mowi’s Green Bond Impact Report for the year 2020, detailing the environmental impact of EUR 200 million of green bond proceeds. Proceeds have been allocated and their impact measured based on the criteria set out in our... Read more Visit News Contact Valsneset Contact Valsneset We are happy to receive input and answer questions around our activity. Please don’t hesitate to get in touch, either by mail: norwayfeed@mowi.com About us Our seafood Sustainability Investors Careers News Contact Media Follow our social media Mowi Global Copyright 2026 © Mowi Cookie settings Privacy Policy We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent. Read moreCookie SettingsReject AllAccept AllManage consent Close Privacy Overview This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. 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SAVE & ACCEPT Powered by Kyleakin - Mowi Company Website Media Contact Search Mowi Global About us Go to About us Our Values Our History Our Strategy Global Presence Our Structure Mowi Feed Mowi R&D Our seafood Go to Our seafood Tasty & Nutritious Taste & Health Quality Food Safety Our Seafood Trading & Bulk Sales Value Added Products Brand Portfolio Product Innovation Traceability Salmon Farming Sustainability Go to Sustainability Commitments & Actions Our certifications ESG Library ASC Dashboard Investors Go to Investors Share and bond Reports Presentations Capital Markets Day Corporate governance Stock exchange filings Resources Careers Go to Careers Vacancies Working at Mowi News Media Contact Mowi Global Search Select Country or Region Mowi Global Active Asia Mowi China Mowi Japan Mowi Korea Mowi Taiwan Europe Mowi Belgium (FR) Mowi Belgium (NL) Mowi Czechia (CZ) Mowi Czechia (EN) Mowi Faroe Islands Mowi France Mowi Germany Mowi Ireland Mowi Italy Mowi Netherlands Mowi Norway Mowi Poland Mowi Scotland Mowi Spain Mowi Turkey Americas Mowi Canada East Mowi Canada West Mowi Chile Mowi USA You are going to open MOWI Global page Continue Home About us Our Structure Mowi Feed Kyleakin Kyleakin Mowi Feed Sourcing Valsneset Kyleakin Feed R&D R&D Structure and Organisation R&D Collaborations Sharing our Knowledge Strategy and ambitions Contact The construction of the Kyleakin feed mill began in 2017 with production starting the summer of 2019. The mill is based around two production lines, one high-capacity line and one flexible line for special feeds, with an annual capacity around 240,000 MT. The factory operates 24 hours a day, more or less 365 days a year, except for a few planned maintenance shuts. We are around 60 employees at the factory, in a wide variety of roles, from Finance and Planning, to Production, Maintenance and Quality. Local community information Mowi Feed is a large and well known employer where our feed mills are located. It is important for us to work together with the local community, to minimize disturbances to our neighbors and to develop an attractive environment to live and work in. We want to be a “good neighbor” seen as a contributor to the community. With most of our employees living locally around our feed mills and a long term need to attract and maintain competence at our mills, we want to contribute to a positive development in the local community, helping also Mowi to develop. We interact with the local community in many ways: We keep an open and honest dialogue with local politicians, inviting them for regular meetings and update them on our plans and challenges, as well as listening to their feedback on our operation. When invited we also participate in local councils. We participate (when available) in and support local organizations to develop businesses and attractivity to the area. We also try to buy locally, when price and quality are competitive. We support local organizations with sponsorship, mainly aiming at activities for children and youth in the area. We keep an open and honest dialogue with local news media. We encourage our employees to engage locally and encourage everyone to contact the company if they got questions or concerns. We regularly keep “open days” at our factories, inviting the public to visit us and see what we do, as well as to ask questions or raise concerns. We keep a regular contact with local schools and invite them to visit our factories. We are open and approachable when it comes to input from anyone in the local society. As part of our legal responsibilities under the Control of Major Accident Hazards (COMAH) Regulations 2015, Mowi is required to inform residents and businesses near our site about what to do in the unlikely event of a major incident. To support this, Mowi has selected RapidReach, a proven emergency communication system used by organisations across the UK, the US and Europe. RapidReach enables us to quickly send clear instructions to residents and local businesses in the event of an incident, helping to reduce confusion, delay, and risk during a critical situation. We’d like to invite you to sign up to the RapidReach system so you can receive timely notifications about any incidents that may affect you as a member of our surrounding community. Sign up here: https://rapidreach-notification.com/recipient/vHK9peTFlilWenXgUYobp2FSLTG/?cpar=43405F4A585A5057444B Read more about Kyleakin Pier ASC Information 2025 Volume of Marine Ingredients and MSL – Kyleakin 2025 Mowi Feed Due Diligence Pathways and Low Risk Plant Ingredients Report v1.0 GHG emissions Scope 1&2 Kyleakin: 39,1 For further information place visit Mowi Sustainability section and read Mowi Annual Report 2025, planet section. Mowi Integrated Annual Report 2025 Visit Sustainability #Kyleakin in News Visit News Apr 08, 2019 Leading the Blue Revolution Leading the Blue Revolution is not a responsibility to take lightly. As the world population continues to grow, so does the demand for healthy food. With our oceans unable to naturally supply today’s needs, we have in a relatively short period of time, successfully supplemented hunting with farming... Read more Jan 24, 2020 First ever green bond issue from a seafood company On 23rd January, Mowi successfully completed a EUR 200 million 5-year, senior unsecured green bond issue, marking the first ever Green Bond issued from a seafood company.  We are committed to being part of the solution to global climate challenges and the green bond issue is an integral part of ... Read more Nov 12, 2019 Ivan Vindheim appointed CEO of Mowi ASA Ivan Vindheim (48) has been appointed the new CEO of Mowi ASA. Vindheim succeeds Alf-Helge Aarskog (52) who has decided to step down after almost 10 years as CEO. The appointment is effective as of 12 November 2019. “I am delighted that Ivan has taken on this challenge. We have had a thoro... Read more Visit News Contact Kyleakin Contact Kyleakin We are happy to receive input and answer questions around our activity. Please don’t hesitate to get in touch, either by mail: scotlandfeed@mowi.com About us Our seafood Sustainability Investors Careers News Contact Media Follow our social media Mowi Global Copyright 2026 © Mowi Cookie settings Privacy Policy We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent. Read moreCookie SettingsReject AllAccept AllManage consent Close Privacy Overview This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. 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SAVE & ACCEPT Powered by Contact - Mowi Company Website Media Contact Search Mowi Global About us Go to About us Our Values Our History Our Strategy Global Presence Our Structure Mowi Feed Mowi R&D Our seafood Go to Our seafood Tasty & Nutritious Taste & Health Quality Food Safety Our Seafood Trading & Bulk Sales Value Added Products Brand Portfolio Product Innovation Traceability Salmon Farming Sustainability Go to Sustainability Commitments & Actions Our certifications ESG Library ASC Dashboard Investors Go to Investors Share and bond Reports Presentations Capital Markets Day Corporate governance Stock exchange filings Resources Careers Go to Careers Vacancies Working at Mowi News Media Contact Mowi Global Search Select Country or Region Mowi Global Active Asia Mowi China Mowi Japan Mowi Korea Mowi Taiwan Europe Mowi Belgium (FR) Mowi Belgium (NL) Mowi Czechia (CZ) Mowi Czechia (EN) Mowi Faroe Islands Mowi France Mowi Germany Mowi Ireland Mowi Italy Mowi Netherlands Mowi Norway Mowi Poland Mowi Scotland Mowi Spain Mowi Turkey Americas Mowi Canada East Mowi Canada West Mowi Chile Mowi USA You are going to open MOWI Global page Continue Home About us Our Structure Mowi Feed Contact Contact Mowi Feed Sourcing Valsneset Kyleakin Feed R&D R&D Structure and Organisation R&D Collaborations Sharing our Knowledge Strategy and ambitions Contact We have a diverse and knowledgeable team at Mowi Feed who can advise on fish feed specification and work with you on production timelines. From R&D experts, focussed on optimising the nutritional content of the fish feed, to dedicated manufacturing personnel, ensuring the feed is produced to the highest standards, to our logistics team, ensuring the feed arrives on time and in good condition, to our customer liaison team who will be your first point of contact and will maintain regular communication. Valsneset Contact our feed mill in Norway: norwayfeed@mowi.com Kyleakin Contact our feed mill in Scotland: scotlandfeed@mowi.com About us Our seafood Sustainability Investors Careers News Contact Media Follow our social media Mowi Global Copyright 2026 © Mowi Cookie settings Privacy Policy We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent. 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CookieDurationDescription_cfuvidsessionDescription is currently not available.routesessionNo description available. SAVE & ACCEPT Powered by Mowi Feed works with various organisations as part of research projects to help advance its feed formulations and innovate within the industry. Below are some examples of past projects. Millennial salmon is a four-year project (2021-2024) funded by Research Council of Norway - KSPSAMARBEID20 (Collaborative and Knowledge-building Project) with world leading European organisations along the value chain of the salmon farming industry. The partners within R&D, feed and raw material producers and a retailer, aim to create a knowledge-based sustainable salmon product that answers to modern Millennial principles of life, considering technoeconomic, animal welfare, environmental and societal aspects. In the project Black Soldier Fly Larvae meal produced by Innovafeed and heterotrophic microalgae biomass produced by Corbion will be used, both suppliers operate with minimum land and resource use compared to competing alternatives. Millennial salmon focuses on Life Cycle Assessment (LCA) of the proposed solutions which will provide a comprehensive figure on climate impact of the new technologies. The main goal is to allow sustainable future growth in the salmon farming industry without the need of further deforestation or compromising wild fish biodiversity. https://nofima. com/projects/millennial-salmon/ Revitalise is a Norwegian project funded by FHF (Project number 901834. Ernæringsbehov for vitaminer og mineraler for laksens helse (REVITALISE) (fhf. no)), led by the Norwegian Institute of Marine Research in collaboration with NOFIMA, NMBU, Skretting AI and Mowi, that started in 2023 and will run until 2026. Using several feeding trials, the researchers will specifically try to find the optimal levels of vitamin E, folate and vitamin A in the various phases of the salmon's lifecycle. The marine researchers will also look at the interaction between water quality and the salmon smolt's need for zinc or selenium in RAS facilities. The aim of the project is to find the optimal levels of selected micronutrients for farmed salmon in the different phases of life, both under normal and challenging conditions. This will improve the salmon's ability to withstand stress and the fish's resistance to diseases. Read more at: https://www. fhf. no/prosjekter/prosjektbasen/901834 With a presence in 26 countries, we know that people are key to our success. Our shared company culture unites our diverse organization and inspires us to reach our common goals with a focus on safety and pride in the workplace and the communities where we operate. Key Values Passion for the company and the product: Passion is the key to our success and how we make a difference. Change is the new “normal”: We are ready for change and work continuously to improve our operations. Trust is essential in everything we do: Our operations provide safe, delicious, and healthy food, and we deliver on our promises. Share underpins the performance of our employees: We share knowledge and experience, we are open and transparent, and we cooperate with key stakeholders globally. ONE Mowi Operational Excellence Program Our ONE Mowi operational excellence program is the guiding force behind our actions, aligning with our core values. It ensures a unified, one-company approach, enabling us to operate safely, effectively, consistently, and responsibly. Ethical Business Conduct All our employees in 26 different countries are committed to high ethical standards in our business dealings worldwide. To ensure this we expect our employees to make our Code of Conduct a personal commitment, as it provides direction and guidelines and clarifies where we draw the line. Our suppliers are required to take on the same commitment to comply with our Code of Conduct. Code of Conduct The Code of Conduct sets the standards of behaviour which we can expect from one another, and which external parties can expect from us. The Code of Conduct includes sections on whistleblowing, anti-fraud and anti-corruption, financial reporting, and regulatory compliance, as well as sections on safety, fair working conditions, culture, human rights, and sustainability. To ensure that strong ethical business principles are upheld by management and employees the importance of ethical business standards and behaviour will continue to be communicated through our leadership development, training, and internal communication. Our priorities We continue with annual training on the Code of Conduct and actively encourage the reporting of concerns through our established internal and external whistleblowing channels. To ensure the upholding of strong ethical business principles by both management and employees, the importance of ethical business standards and behaviour is consistently communicated through our leadership development, training, and internal communication. Our ongoing efforts to secure human rights in our operations and supply chain persist as we collaborate with our suppliers and maintain the implementation of our global supplier relationship management system. The goal remains to continually strengthen the efficacy of our human right's due diligence process, focusing on prevention, mitigation, remedy, communication, and learning. Mowi values the diversity of our work force and the valuable contribution it makes. We believe that a diverse work force gives us an advantage in our business operation, our access to future talent and maintaining our attractiveness as an employer. Equal opportunities We continuously work to create a workplace that is free from discrimination or harassment based on race, sex, colour, national or social origin, religion, age, disability, sexual orientation, political opinion, or any other status protected by law and international human rights. Any recruitment, hiring, promotion, training, reward, and other advancement at the company is based on qualifications, performance, skills, and experience. Our global diversity and inclusion program At Mowi, the principles of equality, diversity and inclusion are built into our Code of Conduct – fair, respectful, and ethical treatment of others is core to who we are. Our global diversity and inclusion program encompasses three strategic areas: Seek diversity, create inclusion, and drive accountability. Mandatory training on equal opportunities, non-discrimination and personal bias remains integral to the onboarding program of every employee. Diversity Day Diversity Day aims to highlight the importance of an equitable and inclusive workplace, and to remind everyone of the benefits that diversity brings to us all. With a focus on recognizing and celebrating the differences that make each of us unique; employees around the world were encouraged to review and reflect on how we each take responsibility for ensuring our workplace is welcoming to all. Aquaculture - Mowi Company Website Media Contact Search Mowi Global About us Go to About us Our Values Our History Our Strategy Global Presence Our Structure Mowi Feed Mowi R&D Our seafood Go to Our seafood Tasty & Nutritious Taste & Health Quality Food Safety Our Seafood Trading & Bulk Sales Value Added Products Brand Portfolio Product Innovation Traceability Salmon Farming Sustainability Go to Sustainability Commitments & Actions Our certifications ESG Library ASC Dashboard Investors Go to Investors Share and bond Reports Presentations Capital Markets Day Corporate governance Stock exchange filings Resources Careers Go to Careers Vacancies Working at Mowi News Media Contact Mowi Global Search Select Country or Region Mowi Global Active Asia Mowi China Mowi Japan Mowi Korea Mowi Taiwan Europe Mowi Belgium (FR) Mowi Belgium (NL) Mowi Czechia (CZ) Mowi Czechia (EN) Mowi Faroe Islands Mowi France Mowi Germany Mowi Ireland Mowi Italy Mowi Netherlands Mowi Norway Mowi Poland Mowi Scotland Mowi Spain Mowi Turkey Americas Mowi Canada East Mowi Canada West Mowi Chile Mowi USA You are going to open MOWI Global page Continue Home Careers Aquaculture Aquaculture Farming the ocean in a responsible and sustainable way. Caring for our fish is an ethical responsibility and an integral part of our business strategy. We are looking for a team of passionate and engaged people to manage and operate our facilities on both land and sea sites, ensuring our fish are cared for at every stage of the farming process.  Our farming operations are located in Norway, Scotland, Chile, Canada, Ireland, and the Faroe Islands. In addition to farming roles, we employ people to work in feed technology, fish health, veterinary science, farm technology, site management, and biology.  Discover our Aquaculture opportunities.  Career opportunities at Aquaculture Aquaculture Feed technology Biology Fish health Veterinary sciences What it’s like working in Aquaculture at Mowi? "I really appreciate the opportunities and the trust I have gained in Mowi" Interview with Oda Steinberg, Assistant Site Manager Read Interview "I really appreciate the opportunities and the trust I have gained in Mowi" We take pride in investing in our people and we are passionate about encouraging life-long careers at Mowi. Oda Kvalsvik Stenberg is a qualified Fish Health Biologist and has had an adventurous journey at Mowi since her summer job in 2017. Oda is now an Assistant Site Manager at the aquaculture facility on Syltøy in Øygarden municipality and is working towards her next goal of becoming a Site Manager. We are extremely proud of Oda and what she has achieved in her career so far and want to thank her for her continuous hard work and dedication. "I really appreciate the opportunities and the trust I have gained in Mowi" We take pride in investing in our people and we are passionate about encouraging life-long careers at Mowi. Oda Kvalsvik Stenberg is a qualified Fish Health Biologist and has had an adventurous journey at Mowi since her summer job in 2017. Oda is now an Assistant Site Manager at the aquaculture facility on Syltøy in Øygarden municipality and is working towards her next goal of becoming a Site Manager. We are extremely proud of Oda and what she has achieved in her career so far and want to thank her for her continuous hard work and dedication. Go back Other functions Trainee & Internship Sales & Marketing Innovation Business support Operations More on careers Vacancies Working at Mowi About us Our seafood Sustainability Investors Careers News Contact Media Follow our social media Mowi Global Copyright 2026 © Mowi Cookie settings Privacy Policy We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. 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SAVE & ACCEPT Powered by Operations - Mowi Company Website Media Contact Search Mowi Global About us Go to About us Our Values Our History Our Strategy Global Presence Our Structure Mowi Feed Mowi R&D Our seafood Go to Our seafood Tasty & Nutritious Taste & Health Quality Food Safety Our Seafood Trading & Bulk Sales Value Added Products Brand Portfolio Product Innovation Traceability Salmon Farming Sustainability Go to Sustainability Commitments & Actions Our certifications ESG Library ASC Dashboard Investors Go to Investors Share and bond Reports Presentations Capital Markets Day Corporate governance Stock exchange filings Resources Careers Go to Careers Vacancies Working at Mowi News Media Contact Mowi Global Search Select Country or Region Mowi Global Active Asia Mowi China Mowi Japan Mowi Korea Mowi Taiwan Europe Mowi Belgium (FR) Mowi Belgium (NL) Mowi Czechia (CZ) Mowi Czechia (EN) Mowi Faroe Islands Mowi France Mowi Germany Mowi Ireland Mowi Italy Mowi Netherlands Mowi Norway Mowi Poland Mowi Scotland Mowi Spain Mowi Turkey Americas Mowi Canada East Mowi Canada West Mowi Chile Mowi USA You are going to open MOWI Global page Continue Home Careers Operations Operations Creating value-added products by focusing on quality and food safety. Our global operations teams handle and process our fish to ensure that we can provide our high-quality and healthy salmon to customers across the world. With a focus on quality, food safety and smooth operations, we’re looking for proactive and collaborative individuals to help us feed a growing world population.  Whether you excel in processing, operations, automation, health and safety, or contribute to mechanical, logistical, and planning aspects, we want to hear from you.  Discover our Operations opportunities.  Logistics Planning Health, safety and environment (HSE) Mechanical Operator Automation Electro Quality Food processing What it’s like working in Operations at Mowi? “Don't be afraid of change” - Dominika Pranga - Warehouse Specialist Dominika now works as our Warehouse Specialist at Mowi Poland, thanks to her father. Dominika sent her CV to our careers team after graduating with a degree in logistics on the advice of her father. She was eager to take on a new challenge, believing that change is necessary for growth and, most importantly, that good work organisation and responsibility are essential for success in her role. "We always look for ways to reduce our carbon footprint by developing the flow of goods with more modern, sustainable transportation methods" Interview with Mats Andreas, Senior Logistics Analyst Read Interview "We always look for ways to reduce our carbon footprint by developing the flow of goods with more modern, sustainable transportation methods" Mats Andreas works as a Senior Logistics Analyst at Mowi Terminal in Gardermoen. What he likes most about the job is a varied workday with challenges that often require a new approach to solve. – For example, we always look for ways to reduce our carbon footprint by developing the flow of goods with more modern, sustainable transportation methods . Tell us a bit about yourself and your background I have a background in both warehouse and airport operations, and eventually chose a career in the military, primarily in transportation and logistics. I also have leadership education from the Officer School and the War College, as well as education in Logistics and Supply Chain Management from Molde University College. How did you get a job at Mowi? After 12 great years in the military, I wanted new challenges and happened to come across a job advertisement for a Team Leader in logistics at Mowi that seemed very interesting. After a few years as a Team Leader at Mowi Terminal in Gardermoen, I now work as a Senior Logistics Analyst and am part of a newly established planning group in Mowi’s Supply Chain. Describe a typical workday Every day at work is different. We often have daily meetings with stakeholders within our Supply Chain to ensure that daily operations run as smoothly as possible. Over the past year, I have spent a lot of time on transport planning, project work, and procurement processes with transport service providers. What do you particularly like about the job? New challenges constantly arise that often require a new approach to solving them. For example, we always look for ways to reduce our carbon footprint by developing the flow of goods with more modern, sustainable transportation methods. Not least, Mowi is a large company with many skilled employees, making it very motivating to collaborate with. Do you have any good tips for others who want to work in aquaculture? I can safely recommend others without a background in the seafood industry to apply for positions in the field, as there are incredibly many support functions around the actual production. Otherwise, there has been a surge of new exciting studies around aquaculture that should be interesting for most people. "We always look for ways to reduce our carbon footprint by developing the flow of goods with more modern, sustainable transportation methods" Mats Andreas works as a Senior Logistics Analyst at Mowi Terminal in Gardermoen. What he likes most about the job is a varied workday with challenges that often require a new approach to solve. – For example, we always look for ways to reduce our carbon footprint by developing the flow of goods with more modern, sustainable transportation methods . Tell us a bit about yourself and your background I have a background in both warehouse and airport operations, and eventually chose a career in the military, primarily in transportation and logistics. I also have leadership education from the Officer School and the War College, as well as education in Logistics and Supply Chain Management from Molde University College. How did you get a job at Mowi? After 12 great years in the military, I wanted new challenges and happened to come across a job advertisement for a Team Leader in logistics at Mowi that seemed very interesting. After a few years as a Team Leader at Mowi Terminal in Gardermoen, I now work as a Senior Logistics Analyst and am part of a newly established planning group in Mowi’s Supply Chain. Describe a typical workday Every day at work is different. We often have daily meetings with stakeholders within our Supply Chain to ensure that daily operations run as smoothly as possible. Over the past year, I have spent a lot of time on transport planning, project work, and procurement processes with transport service providers. What do you particularly like about the job? New challenges constantly arise that often require a new approach to solving them. For example, we always look for ways to reduce our carbon footprint by developing the flow of goods with more modern, sustainable transportation methods. Not least, Mowi is a large company with many skilled employees, making it very motivating to collaborate with. Do you have any good tips for others who want to work in aquaculture? I can safely recommend others without a background in the seafood industry to apply for positions in the field, as there are incredibly many support functions around the actual production. Otherwise, there has been a surge of new exciting studies around aquaculture that should be interesting for most people. Go back Other functions Trainee & Internship Sales & Marketing Innovation Business support Aquaculture More on careers Vacancies Working at Mowi About us Our seafood Sustainability Investors Careers News Contact Media Follow our social media Mowi Global Copyright 2026 © Mowi Cookie settings Privacy Policy We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. 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SAVE & ACCEPT Powered by Our workplace - Mowi Company Website Media Contact Search Mowi Global About us Go to About us Our Values Our History Our Strategy Global Presence Our Structure Mowi Feed Mowi R&D Our seafood Go to Our seafood Tasty & Nutritious Taste & Health Quality Food Safety Our Seafood Trading & Bulk Sales Value Added Products Brand Portfolio Product Innovation Traceability Salmon Farming Sustainability Go to Sustainability Commitments & Actions Our certifications ESG Library ASC Dashboard Investors Go to Investors Share and bond Reports Presentations Capital Markets Day Corporate governance Stock exchange filings Resources Careers Go to Careers Vacancies Working at Mowi News Media Contact Mowi Global Search Select Country or Region Mowi Global Active Asia Mowi China Mowi Japan Mowi Korea Mowi Taiwan Europe Mowi Belgium (FR) Mowi Belgium (NL) Mowi Czechia (CZ) Mowi Czechia (EN) Mowi Faroe Islands Mowi France Mowi Germany Mowi Ireland Mowi Italy Mowi Netherlands Mowi Norway Mowi Poland Mowi Scotland Mowi Spain Mowi Turkey Americas Mowi Canada East Mowi Canada West Mowi Chile Mowi USA You are going to open MOWI Global page Continue Home Careers Our workplace Our workplace Leading a revolution requires engaged and passionate people, who share our common vision and values. Diversity and Equality Mowi values the diversity of our workforce and the valuable contribution it makes. We believe that a diverse work force gives us an advantage in our business operation, our access to future talent and maintaining our attractiveness as an employer. Mowi also have a long-standing commitment to equal opportunity. Read more on our commitments Our culture Leading a revolution requires engaged and passionate people, who share our common vision and values. Our shared company culture unites our diverse organization and inspires us to reach our common goals. We embrace our key values: Passion, Change, Trust, and Share. Our ONE Mowi operational excellence program guides our actions based on our core values. Read more on our commitments Safe and
Meaningful jobs All employees in Mowi have an impact on the Blue Revolution. Our people are a core success factor to produce our healthy and sustainable salmon. Our aim is to provide safe, meaningful, and attractive jobs. We cultivate a working environment where every voice is welcome and heard. We believe in joining forces across functions and geographies, and by respecting and valuing what every individual brings to the table. We continue our efforts to build an engaged and diverse work force that will thrive, develop, and stay in the company long term. Read more on our commitments More on careers Vacancies About us Our seafood Sustainability Investors Careers News Contact Media Follow our social media Mowi Global Copyright 2026 © Mowi Cookie settings Privacy Policy We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. 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SAVE & ACCEPT Powered by Business support - Mowi Company Website Media Contact Search Mowi Global About us Go to About us Our Values Our History Our Strategy Global Presence Our Structure Mowi Feed Mowi R&D Our seafood Go to Our seafood Tasty & Nutritious Taste & Health Quality Food Safety Our Seafood Trading & Bulk Sales Value Added Products Brand Portfolio Product Innovation Traceability Salmon Farming Sustainability Go to Sustainability Commitments & Actions Our certifications ESG Library ASC Dashboard Investors Go to Investors Share and bond Reports Presentations Capital Markets Day Corporate governance Stock exchange filings Resources Careers Go to Careers Vacancies Working at Mowi News Media Contact Mowi Global Search Select Country or Region Mowi Global Active Asia Mowi China Mowi Japan Mowi Korea Mowi Taiwan Europe Mowi Belgium (FR) Mowi Belgium (NL) Mowi Czechia (CZ) Mowi Czechia (EN) Mowi Faroe Islands Mowi France Mowi Germany Mowi Ireland Mowi Italy Mowi Netherlands Mowi Norway Mowi Poland Mowi Scotland Mowi Spain Mowi Turkey Americas Mowi Canada East Mowi Canada West Mowi Chile Mowi USA You are going to open MOWI Global page Continue Home Careers Business support Business support Our shared company culture unites our diverse organisation and inspires us to reach our common goals. Leading a Blue Revolution requires a motivated team with a multitude of skills and expertise. We’re looking for engaged and dedicated individuals to help with the smooth functioning of our business. Whether your strengths are in Finance, Administration, Purchasing, Management, IT, Communications, Legal, or HR, your skills will help us achieve our goals.  Discover our Business Support opportunities.  Management Administration HR Purchasing Finance IT What it’s like working in Business Support at Mowi? Jørn Berg, Group IT Director "The blue revolution is also a digital revolution, and Mowi stands at the forefront of the industry in pioneering digital solutions. As part of our work on our digital strategy, Mowi 4.0, we develop and deliver value-creating and exciting solutions with the latest information technology, supported by the best technology partners in the world." 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SAVE & ACCEPT Powered by Innovation - Mowi Company Website Media Contact Search Mowi Global About us Go to About us Our Values Our History Our Strategy Global Presence Our Structure Mowi Feed Mowi R&D Our seafood Go to Our seafood Tasty & Nutritious Taste & Health Quality Food Safety Our Seafood Trading & Bulk Sales Value Added Products Brand Portfolio Product Innovation Traceability Salmon Farming Sustainability Go to Sustainability Commitments & Actions Our certifications ESG Library ASC Dashboard Investors Go to Investors Share and bond Reports Presentations Capital Markets Day Corporate governance Stock exchange filings Resources Careers Go to Careers Vacancies Working at Mowi News Media Contact Mowi Global Search Select Country or Region Mowi Global Active Asia Mowi China Mowi Japan Mowi Korea Mowi Taiwan Europe Mowi Belgium (FR) Mowi Belgium (NL) Mowi Czechia (CZ) Mowi Czechia (EN) Mowi Faroe Islands Mowi France Mowi Germany Mowi Ireland Mowi Italy Mowi Netherlands Mowi Norway Mowi Poland Mowi Scotland Mowi Spain Mowi Turkey Americas Mowi Canada East Mowi Canada West Mowi Chile Mowi USA You are going to open MOWI Global page Continue Home Careers Innovation Innovation Shaping the future of sustainable salmon farming. Creating a sustainable food source requires Mowi to be a industry leader in innovation throughout the entire value chain. We’re looking for specialists in fish health, feed and nutrition, processing technology, farming technology, breeding, genetics, and more to help us lead the industry forward and produce more food from the ocean in a sustainable way. Discover our Innovation opportunities.  Technology Research and development What it’s like working in Innovation at Mowi? Dr Catarina Martins, Chief Sustainability and Technology Officer The Blue Revolution requires us to learn, improve and adapt. Innovation can happen in small iterative steps over time or in significant disruptive leaps. Mowi's Research and Development teams are focused on both; smaller stepwise developments to improve conditions for our fish and value chain every day, and more transformative initiatives changing the entire industry Other functions Trainee & Internship Sales & Marketing Business support Operations Aquaculture More on careers Vacancies Working at Mowi About us Our seafood Sustainability Investors Careers News Contact Media Follow our social media Mowi Global Copyright 2026 © Mowi Cookie settings Privacy Policy We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent. Read moreCookie SettingsReject AllAccept AllManage consent Close Privacy Overview This website uses cookies to improve your experience while you navigate through the website. 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SAVE & ACCEPT Powered by Sales & Marketing - Mowi Company Website Media Contact Search Mowi Global About us Go to About us Our Values Our History Our Strategy Global Presence Our Structure Mowi Feed Mowi R&D Our seafood Go to Our seafood Tasty & Nutritious Taste & Health Quality Food Safety Our Seafood Trading & Bulk Sales Value Added Products Brand Portfolio Product Innovation Traceability Salmon Farming Sustainability Go to Sustainability Commitments & Actions Our certifications ESG Library ASC Dashboard Investors Go to Investors Share and bond Reports Presentations Capital Markets Day Corporate governance Stock exchange filings Resources Careers Go to Careers Vacancies Working at Mowi News Media Contact Mowi Global Search Select Country or Region Mowi Global Active Asia Mowi China Mowi Japan Mowi Korea Mowi Taiwan Europe Mowi Belgium (FR) Mowi Belgium (NL) Mowi Czechia (CZ) Mowi Czechia (EN) Mowi Faroe Islands Mowi France Mowi Germany Mowi Ireland Mowi Italy Mowi Netherlands Mowi Norway Mowi Poland Mowi Scotland Mowi Spain Mowi Turkey Americas Mowi Canada East Mowi Canada West Mowi Chile Mowi USA You are going to open MOWI Global page Continue Home Careers Sales & Marketing Sales & Marketing Supplying healthy and sustainable salmon to our worldwide customers. Our diverse and dynamic sales and marketing teams work hard to supply and manage our healthy, nutritious and responsibly-farmed salmon to consumers across the globe. We are looking for outgoing and enthusiastic individuals to work in raw material trading, planning, logistics, marketing, branding, new product development, and more.  Discover our Sales & Marketing opportunities.  Sales Marketing What it’s like working in Sales & Marketing at Mowi? “Caring for the environment is at the heart of MOWI’s brand promise. That’s why we are proud that MOWI brand packagings are produced of 92% recycled plastics” Andreas Johler, MOWI - Managing Director Brands Other functions Trainee & Internship Innovation Business support Operations Aquaculture More on careers Vacancies Working at Mowi About us Our seafood Sustainability Investors Careers News Contact Media Follow our social media Mowi Global Copyright 2026 © Mowi Cookie settings Privacy Policy We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent. Read moreCookie SettingsReject AllAccept AllManage consent Close Privacy Overview This website uses cookies to improve your experience while you navigate through the website. 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SAVE & ACCEPT Powered by Trainee & Internship - Mowi Company Website Media Contact Search Mowi Global About us Go to About us Our Values Our History Our Strategy Global Presence Our Structure Mowi Feed Mowi R&D Our seafood Go to Our seafood Tasty & Nutritious Taste & Health Quality Food Safety Our Seafood Trading & Bulk Sales Value Added Products Brand Portfolio Product Innovation Traceability Salmon Farming Sustainability Go to Sustainability Commitments & Actions Our certifications ESG Library ASC Dashboard Investors Go to Investors Share and bond Reports Presentations Capital Markets Day Corporate governance Stock exchange filings Resources Careers Go to Careers Vacancies Working at Mowi News Media Contact Mowi Global Search Select Country or Region Mowi Global Active Asia Mowi China Mowi Japan Mowi Korea Mowi Taiwan Europe Mowi Belgium (FR) Mowi Belgium (NL) Mowi Czechia (CZ) Mowi Czechia (EN) Mowi Faroe Islands Mowi France Mowi Germany Mowi Ireland Mowi Italy Mowi Netherlands Mowi Norway Mowi Poland Mowi Scotland Mowi Spain Mowi Turkey Americas Mowi Canada East Mowi Canada West Mowi Chile Mowi USA You are going to open MOWI Global page Continue Home Careers Trainee & Internship Trainee & Internship Join us in Leading a Blue Revolution. We want to hear from people who are as passionate about the planet and our products as we are. We offer traineeships and internships in various departments throughout the business for ambitious and forward-thinking people.  Discover our Trainee & Internship opportunities  Trainee/Internship What it’s like having a Trainee- or Internship in Mowi? "The summer job confirmed that I have chosen the right field of study" Interview with Summer Intern Ragnhild Read Interview "The summer job confirmed that I have chosen the right field of study" Ragnhild is pursuing a bachelor’s degree in aquaculture at the Norwegian University of Life Sciences (NMBU). This summer, she gained valuable practical experience as a summer intern at Mowi Rakkenes – The summer job confirmed that I have chosen the right field of study, she says. Why did you want a summer job at Mowi? Mowi is one of the largest companies in aquaculture in the country. They work futuristically, and I wanted an insight into the daily life at a fish farming facility to apply the theory from my studies in practice. Can you describe a typical workday? It mainly involves maintaining the facility and the fish. One of the daily tasks is to scoop up dead fish collected in a net at the bottom of the cage. The reason for doing this daily is to avoid attracting predators, which can bite holes in the net and increase the risk of escape, as well as to have some control over the number of fish in each cage and the entire facility. Weekly, fish lice counting is also carried out. What tasks and responsibilities did you have in the summer job? Smolt had recently been released into the facility when I arrived, so my main task during the summer was hand-feeding in the cages and driving a small boat between the cages and the platform. Other maintenance of the cages was also carried out, such as attaching bird nets and jumping nets where necessary. No day was exactly the same. How was the working environment? It was social with a varied age range among the staff, and there was a low threshold for asking questions. What did you find most interesting about the job? Fish lice counting, as I learned how to distinguish between different lice and got hands-on experience with the fish. Did you have the opportunity to learn new skills? I learned how to drive a small boat and maneuver around obstacles. I also learned a bit about the different types of lice, as well as useful knots for boat mooring and net attachment. How do you think this summer job will affect your future career choice? I already have a desire for a career in this industry, and the summer job confirmed that I have chosen the right field of study. Applying the theory from my studies in practice provides good insight into whether the aquaculture industry is the career path for you” "The summer job confirmed that I have chosen the right field of study" Ragnhild is pursuing a bachelor’s degree in aquaculture at the Norwegian University of Life Sciences (NMBU). This summer, she gained valuable practical experience as a summer intern at Mowi Rakkenes – The summer job confirmed that I have chosen the right field of study, she says. Why did you want a summer job at Mowi? Mowi is one of the largest companies in aquaculture in the country. They work futuristically, and I wanted an insight into the daily life at a fish farming facility to apply the theory from my studies in practice. Can you describe a typical workday? It mainly involves maintaining the facility and the fish. One of the daily tasks is to scoop up dead fish collected in a net at the bottom of the cage. The reason for doing this daily is to avoid attracting predators, which can bite holes in the net and increase the risk of escape, as well as to have some control over the number of fish in each cage and the entire facility. Weekly, fish lice counting is also carried out. What tasks and responsibilities did you have in the summer job? Smolt had recently been released into the facility when I arrived, so my main task during the summer was hand-feeding in the cages and driving a small boat between the cages and the platform. Other maintenance of the cages was also carried out, such as attaching bird nets and jumping nets where necessary. No day was exactly the same. How was the working environment? It was social with a varied age range among the staff, and there was a low threshold for asking questions. What did you find most interesting about the job? Fish lice counting, as I learned how to distinguish between different lice and got hands-on experience with the fish. Did you have the opportunity to learn new skills? I learned how to drive a small boat and maneuver around obstacles. I also learned a bit about the different types of lice, as well as useful knots for boat mooring and net attachment. How do you think this summer job will affect your future career choice? I already have a desire for a career in this industry, and the summer job confirmed that I have chosen the right field of study. Applying the theory from my studies in practice provides good insight into whether the aquaculture industry is the career path for you” Go back Other functions Sales & Marketing Innovation Business support Operations Aquaculture More on careers Vacancies Working at Mowi About us Our seafood Sustainability Investors Careers News Contact Media Follow our social media Mowi Global Copyright 2026 © Mowi Cookie settings Privacy Policy We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent. Read moreCookie SettingsReject AllAccept AllManage consent Close Privacy Overview This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience. Necessary Necessary Always Enabled Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously. 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CookieDurationDescription_cfuvidsessionDescription is currently not available.routesessionNo description available. SAVE & ACCEPT Powered by The people in Mowi are critical to our success. Having the right people on board, with the right skills, mindset and competences across our business is a key enabler for continuous growth and development. Our success depends on our people. Our goal is to attract and retain talent from current and future generations, driven by our commitment to providing healthy, delicious, and sustainable food to a growing population. All employees in Mowi have an impact on the Blue Revolution, as we aim to offer secure, meaningful, and appealing career opportunities. We foster an inclusive work environment that values every individual's input and encourages collaboration across functions and locations. Our ongoing efforts centre on building an engaged, diverse workforce dedicated to long-term success within the company. Our efforts Human rights We believe that businesses can only flourish in societies where human rights are protected and respected. We aim to contribute to positive human rights impacts in the company, in our supply chain, with our stakeholders and in the world. This is held in close collaboration with our vision Leading the Blue Revolution, our Sustainability plan, our code of conduct and the business strategy. Mowi’s commitment on human rights is based upon internationally recognized human rights principles, such as the Universal Declaration of Human Rights, the United Nations Global Compact, The United Nations Guiding Principles on Business and Human Rights and the International Labor Organization’s Core Conventions. Fair employment We are committed to fair working conditions and employment practices. Our commitment is expressed in our Code of Conduct, in our global policies such as human rights and diversity & inclusion, in our ONE Mowi operational procedures, and in our values and leadership principles that guide us in our work every day. Fair compensation We continue to prioritise fair and transparent compensation. Our aim is to offer competitive compensation yet aligned with the local market and industry. No employee is paid less than the official national living wage indicated for the relevant location. We utilise a global job architecture system to ensure transparent processes with objective criteria for compensation and benefits determination. We also map gender pay on a regular basis. Our analysis overall shows no significant gender pay difference. Freedom of association Mowi respects, recognises, and support our employees' freedom of association and the right to engage in collective bargaining. Employees are free from reprisals due to union membership or engagement. Mowi is committed to the constructive dialogue and cooperation with labour unions and employee representatives. Employee Health and Safety Our goal is zero workplace injuries. Health and safety are foundational in everything we do, and we will never compromise on safety for any other business priority. Our long-term goal is to develop a strong safety culture. This is done through systematic and structured safety programs and developing a high awareness and safety mindset. Our safety program BrainSafe Our global safety program, BrainSafe, is a behaviour-based safety process designed to empower employees, hired staff and contractors to take control of their own safety and raise safety awareness. Our aim is that safety is the top priority of all our employees, to ensure we all get to go home safely at the end of the day. Mowi operates under a systematic approach to hazard and risk management, including hazard identification, analysis of the potential risk, and mitigation strategies under the hierarchy of controls starting with elimination, substitution, engineering controls, administrative controls, and personal protective equipment (PPE). Preventive measures are taken where possible to counteract these risks, in line with our safety principles and with local laws and regulations on preventive work in the health and safety area. In addition, all Business Units in Mowi are required to have, and have established safety committees. The committees have participation from both management and employees, as well as from labour unions where they have representation. All Business Units have dedicated safety representatives, who have the safety responsibility for all locations and sites in the business unit's operation. Title: Salmon Bioassay for Evaluation of Fishmeal Performance Author: Dr. Laura Martinez Rubio Background: Although fishmeal levels in typical salmon grower feeds have decreased dramatically since the 1990s, fishmeal is still of strategic importance to the industry. This is on the basis that fishmeal contributes to consistency in salmon performance and makes a valuable contribution to salmon health and quality. Additionally, fishmeal still represents a high proportion of the feed in speciality products including starter feeds and feeds for fish serving speciality markets including the organic and Label Rouge segments. Whilst in vitro tests give an insight into fishmeal quality, there remains a need for some in vivo testing because it gives an insight into the combined effect of all the quality criteria that is still not fully consolidated by the in vitro data alone. In this project, we used a salmon bioassay to explore the quality of four common fishmeal types using salmon performance, feed digestibility and gut health as key performance indicators (KPIs). Click here to view the PDF. Title: Do Yeast Hydrolysate and Supplementary Marine Phospholipids Work as Aids to Total Fishmeal Replacement in Feeds for Atlantic Salmon, Salmo salar, in the Seawater Production Phase? Authors: Mia Berwick and Edward King Background: Numerous explanations for the inconsistency of performance of fishmeal-free feeds have been proposed and both the micro and macronutrient content of fishmeal have been exhaustively recreated in attempts to produce consistently performing fishmeal-free salmon feeds. Part of the character of fishmeal is that it represents a source of both small peptides and phospholipids which, although not considered as essential nutrients, may be important components that a fishmeal-free feed still needs to supply. In this project, we evaluated the impact of supplementing fishmeal-free feeds with hydrolysed yeast and marine phospholipids by comparison to feeds containing different levels of fishmeal. Click here to view the PDF. Title: Does Dietary Supplementation With an Organic Acid Improve Gut Health and Growth Performance in Atlantic Salmon, (Salmo salar), in the Seawater Production Phase Author: Martin Røed Background: Organic acids synthesised by the gut flora of salmon are associated with improved cellular integrity/function and are, therefore, beneficial for the fish’s health. Organic acid production by the gut flora can be encouraged by providing nutrients and conditions that modify or nourish the gut flora e. g. by the application of pre-biotics. An alternative approach is to apply the organic acids directly to the feed in the expectation that they will act directly upon the target tissues of the gut. In this project, we evaluated the potential of an organic acid supplement to improve the gut health of salmon and thereby improve growth and feed utilisation. An additional part of the scope of the project was to evaluate the role played by the degree to which the vegetable protein ingredients have been refined and how the application of an organic acid could facilitate a similar outcome for gut health. Click here to view the PDF. Title: Comparison of Two Functional Feed Strategies For Optimisation of Atlantic Salmon Health in the Face of Typical, Real-World Challenges to Gill and Skin Integrity Author: Martin Røed Background: Farmed salmon inhabit an environment that is rich in challenges to fish health and a substantial proportion of the total cost of farming salmon is associated with maintaining fish health and general resilience. One of the strategies for improving the health and wellbeing of farmed salmon is to increase their robustness through the application of functional ingredients (FIs). Functional ingredients are non-medicinal components in the feed which can be either classical nutrients e. g. vitamin E or feed supplements e. g. purified yeast cell wall components, the consumption of which, is associated with improvements in health, wellbeing or quality. In this study we track changes in skin and gill tissues over an extended period in salmon fed either a feed containing a seasonally tailored, multi-purpose, FI package or a feed with an FI package specifically targeting gill and skin health. Click here to view the PDF. Title: Evaluation of Whole and Dehulled Field Beans, Vicia faba, as Feed Materials for Atlantic salmon, Salmo salar, in Seawater Authors: Mia Berwick and Dr Guido Riesen Background: Being rich in both starch and protein, field beans (also known as horse or faba beans) represent an economic feed material for use in highly nutrient-dense salmon feeds. Being produced widely across Europe and being value-creating as part of a crop rotation system, they represent an opportunity to provide more locally grown, sustainable protein in feeds for European farmed salmon. Dehulling (removal of the outer pericarp and testa of the seed) is a process that can simultaneously increase the starch and protein content and reduce the crude fibre and anti-nutrient content of the beans. Depending on the yield and cost of dehulling, this increases their value in formulation but, access to dehulling facilities creates another complication and/or cost in the supply chain. In this project, we evaluated the utility of both whole and dehulled field beans as feed materials for salmon using a wide array of performance, health and quality indicators. Click here to view the PDF. Title: Impact of Dietary Digestible Protein Levels and Pellet Size on Growth Performance of Large Atlantic Salmon, Salmo salar Author: Dr Guido Riesen Background: It is known that dietary digestible protein (DP) levels are a major driver for growth performance in Atlantic salmon and that dietary DP levels below requirement will reduce growth performance. On the other hand, DP levels above the requirement for optimal growth increase feed cost, reduce profitability and adversely affect the sustainability of salmon farming operations. Changes in environmental and husbandry conditions and improved growth through stock selection are amongst the factors that make periodic reappraisal of the salmon’s DP requirement necessary. Additionally, in fully fed animals, whilst pellet size per-se is not a driver for salmon performance, it is an important factor in the efficiency of feeding which in turn can impact upon the growth and feed conversion ratio (FCR) actually realised in the field. This project represented an opportunity to simultaneously reappraise the digestible protein requirement and to evaluate the impact of pellet size on salmon performance in a semi-commercial environment. Click here to view the PDF. Title: Impact of Different Lots of the Same Feed Product on Short-term Feed Intake and Growth in Farmed Atlantic Salmon, Salmo salar, at low temperature. Author: Dr. Ernst M. Hevrøy Background: Periodically, all fish feed manufacturers receive enquiries related to unexplained changes in feed intake and visible feeding activity in farmed fish. The causes of reduced feeding in practical net pen salmon farming are many and varied spanning everything on a spectrum from season, environment, fish health and the abundance or activity of other animals in the rearing environment e. g. plankton and large predators. Despite the rigorous controls placed on: feed formulation; raw material selection, analysis and quality; the manufacturing process; and post-production quality control and assurance, feed-related variability in feed intake can still occur in farmed Atlantic salmon. In this report, we provide a brief summary of a project in which we compared feed intake for salmon fed two different manufactured lots of the same feed product. Click here to view the PDF. Recent research publications: Adhikari P. 2015. Effect of dietary enrichment with antioxidants on the sensory quality of raw and cooked Atlantic salmon (Salmo salar L. ) Master Thesis. Norwegian University of Life Sciences, The Faculty of Veterinary Medicine and Biosciences. NMBU. 63pp http://hdl. handle. net/11250/2391519 Adhikari P. , Rørvik K. -A. , Mørkmøre T. 2016. Mindre gaping og bedre saftighet. Norsk Fiskeoppdrett 11/2016 https://www. researchgate. net/... /Mindre_gaping_og_bedre_saftighet Berge G. M. , Østbye T-K. , Kjær M. A. , Sonesson A. , Mørkøre T. , Ruter B. 2015. Betydning av genetisk bakgrunn og ulike nivåer av omega 3 fettsyrer i fôr i tidlige livsfaser for fiskehelse, fettsyresammensetning og muskelkvalitet ved slaktestørrelse. FHF-prosjekt 900770 – Delrapport 2 Rapport 8/2015 http://hdl. handle. net/11250/282813 Bou M. , Wang X. , Todorˇcevi´c M. , Knutsdatter Østbye T. K. , Torgersen J. , Ruyter B. 2020. Lipid deposition and mobilisation in Atlantic salmon adipocytes. International Journal of Molecular Sciences 21 2332; https://doi. org/10. 3390/ijms21072332 Gjerde, B. 2014. Effekt av trening av laks på tilvekst, kroppsform og overleving. Havbruk – Havbruk i sumfunnet. Trømsø. 31. March – 2. April HAVBRUK en næring i vekst. Frisk fisk – PDF Free Download (docplayer. me) Hossain K. Z. , 2015. Fillet quality and health of vaccinated and unvaccinated Atlantic salmon (Salmo salar L. ) Master Thesis. Norwegian University of Life Sciences, The Faculty of Veterinary Medicine and Biosciences. NMBU. 79pp http://hdl. handle. net/11250/2367589 Kousoulaki K. , Berge G. M. , Mørkøre T. , Krasnov A. , Baeverfjord G. , Ytrestøyl T. , Carlehog M. , Sweetman J. , Ruyter B. 2020. Microalgal Schizochytrium limacinum biomass improves growth and fillet quality when used long-term as a replacement for fish oil in modern salmon diets. Progress in Marine Science, 7. Article 57. P1-P22 https://doi. org/10. 3389/fmars. 2020. 00057 Kazlauskaite, R. , Cheaib, B. , Heys, C. Ijaz, U. Z. , Connelly S. , Sloan W. , Russel J. , Rubio, L. , Sweetman J. , Kitts A. , McGinnity P. , Lyons P. & Llewellyn M. SalmoSim: the development of a three-compartment in vitro simulator of the Atlantic salmon GI tract and associated microbial communities. Microbiome 9, 179 (2021). https://doi. org/10. 1186/s40168-021-01134-6 Moltumyr, L. 2015. Hjertemorfologi og hjertehelse hos villaks og oppdrettslaks (Salmo salar L. ) Master Thesis. Norwegian University of Life Sciences, The Faculty of Veterinary Medicine and Biosciences. NMBU. 149pp http://hdl. handle. net/11250/2359246 Mørkøre T. , Larsson T. , Kvellestad A. , Koppang E. O. , Åsli M. , Krasnov A. , Dessen J-E. , Moreno H. M. , Valen E. C. , Gannestad K. H. , Gjerde B. , Taksdal T. , Bæverfjord G. , Meng Y. , Heia K. , Wold J. P. , Borderias A. J. , Moghadam H. , Romarheim O. H. , Rørvik K. -A. 2015. Mørke flekker I laksefilet. NOFIMA Rapport 34/2015. 80pp http://hdl. handle. net/11250/2366546 Mørkøre T. , Meng Y. , Larsson T. , Rørvik K. -J. , Kousoulaki K. , Berge G. M. , Ruyter, B. 2018. 18th International Symposium on Fish Nutrition and Feeding. Las Palmas de Gran Canaria, Spain, 3. – 7. June Mørkøre T. , Meng Y. , Romarheim O. H. , Rørvik K. -A. 2018. Muggsopp påvirker laksens helse og filetkvalitet. Havbruk. Oslo, 18. -20. April https://www. researchgate. net/... /Muggsopp-pavirker-laksens-helse-og-filetkvalitet-Mycotoxins-affect-health-and-fillet-quality-of-Atlantic-salmon. pdf Rafiq, M. B. , 2015. Dietary Impact of Feed on Performance, Health and Tissue Melanization of Atlantic salmon (Salmo salar L. ) Master Thesis. Norwegian University of Life Sciences, The Faculty of Veterinary Medicine and Biosciences. NMBU. 67pp http://hdl. handle. net/11250/2391641 Ruyter B. , Kousoulaki K. , Krasnov A. , Sissener N. , Simon C. , Mørkøre, Bou Mira M. , Østbye T. K. , Bæverfjord G. , Sanden M. , Romarheim O. H. , Carlehög M. , Ytrestøyl T. , Royo E. L. , Berge G. 2019. Nye omega-3-kilder i fôr til laks. Faglig sluttrapport. FHF 901037. NOFIMA Rapport 14/2019. 74pp http://hdl. handle. net/11250/2601239 Tan X. Y. 2020. Something Fishy Going On: Microbiome Development in SalmoSim’s Salmon Gut Simulator. Project Report from the University of Groningen mEE_2020_TanYX. pdf (rug. nl) Wang W. , 2016. The effect of dietary antioxidants on hyperpigmented fillet spots of Atlantic salmon (Salmo Salar L. ). Master Thesis. Norwegian University of Life Sciences, Department of Animal and Aquacultural Sciences. NMBU. 59pp http://hdl. handle. net/11250/2399825 Weihe, R. , Dessen, J-E. , Arge, R. , Thomassen, M. S. , Hatlen, B. , Rørvik, K. A. 2019. Increased protein-to-lipid ratio in energy-dense diets improves slaughter yields and muscle thickness of different weight classes of farmed Atlantic salmon (Salmo salar L. ). Aquaculture Reports, 13, March 2019, 100173 https://doi. org/10. 1016/j. aqrep. 2018. 10. 001 Back to Mowi Feed R&D Brand Portfolio - Mowi Company Website Media Contact Search Mowi Global About us Go to About us Our Values Our History Our Strategy Global Presence Our Structure Mowi Feed Mowi R&D Our seafood Go to Our seafood Tasty & Nutritious Taste & Health Quality Food Safety Our Seafood Trading & Bulk Sales Value Added Products Brand Portfolio Product Innovation Traceability Salmon Farming Sustainability Go to Sustainability Commitments & Actions Our certifications ESG Library ASC Dashboard Investors Go to Investors Share and bond Reports Presentations Capital Markets Day Corporate governance Stock exchange filings Resources Careers Go to Careers Vacancies Working at Mowi News Media Contact Mowi Global Search Select Country or Region Mowi Global Active Asia Mowi China Mowi Japan Mowi Korea Mowi Taiwan Europe Mowi Belgium (FR) Mowi Belgium (NL) Mowi Czechia (CZ) Mowi Czechia (EN) Mowi Faroe Islands Mowi France Mowi Germany Mowi Ireland Mowi Italy Mowi Netherlands Mowi Norway Mowi Poland Mowi Scotland Mowi Spain Mowi Turkey Americas Mowi Canada East Mowi Canada West Mowi Chile Mowi USA You are going to open MOWI Global page Continue Home Products Brand Portfolio Brand Portfolio While having launched our own global MOWI brand in 2018, there are other well-recognized brands in our portfolio that are produced by Mowi. 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SAVE & ACCEPT Powered by Product Innovation - Mowi Company Website Media Contact Search Mowi Global About us Go to About us Our Values Our History Our Strategy Global Presence Our Structure Mowi Feed Mowi R&D Our seafood Go to Our seafood Tasty & Nutritious Taste & Health Quality Food Safety Our Seafood Trading & Bulk Sales Value Added Products Brand Portfolio Product Innovation Traceability Salmon Farming Sustainability Go to Sustainability Commitments & Actions Our certifications ESG Library ASC Dashboard Investors Go to Investors Share and bond Reports Presentations Capital Markets Day Corporate governance Stock exchange filings Resources Careers Go to Careers Vacancies Working at Mowi News Media Contact Mowi Global Search Select Country or Region Mowi Global Active Asia Mowi China Mowi Japan Mowi Korea Mowi Taiwan Europe Mowi Belgium (FR) Mowi Belgium (NL) Mowi Czechia (CZ) Mowi Czechia (EN) Mowi Faroe Islands Mowi France Mowi Germany Mowi Ireland Mowi Italy Mowi Netherlands Mowi Norway Mowi Poland Mowi Scotland Mowi Spain Mowi Turkey Americas Mowi Canada East Mowi Canada West Mowi Chile Mowi USA You are going to open MOWI Global page Continue Home Products Product Innovation Product Innovation Our product development teams are setting new standards of innovation with world-beating products that enhance our value chain. Leading the way to a new generation of salmon products. Creativity, precision, and innovation all play a part throughout the value chain but nowhere more so, than at the end. Having created salmon which sets new standards of colour, taste, marbling, and freshness, we are inspiring customers all over the world with ever more delicious ways to enjoy it. Watching worldwide trends is helping inspire local innovations. World-leading development We employ 50 specialists devoted to new product development 600 new products That’s how many ideas we have in the pipeline globally 15 new product centres We have teams working on new products across the world 200-300 new products a month We review the market constantly to spot new trends A sushi success story Mowi’s sushi project started in 2015 with a small factory in Poland that began production of high-quality, nutritious, delicious sushi to be supplied to retailers to sell in outlets across Europe. From a modest launch of just 2,500 pieces per day, the project has quickly flourished and now produces 23 tonnes of sushi sets every day. That’s around 115,000 pieces and they are being distributed to 17 different European markets. This pan-European success story is a testament to our ability to bring market and consumer insights together with just the right ingredients. Pairing in-depth understanding of the European market and its potential appetite for sushi with expert product developers was inspired. Leading the way in more dynamic and sustainable packaging No one knows more about salmon packaging than we do. We have in-depth knowledge of the options that will improve recycling outcomes and real expertise about the impact of design, colour and graphics on consumers in different markets. We are at the forefront of new packaging options and innovations and can advise on more sustainable packaging including new biodegradable materials and recycled PET. More on product Taste & Health Quality Food Safety Trading & Bulk Sales Value Added Products Brand Portfolio Traceability Salmon Farming About us Our seafood Sustainability Investors Careers News Contact Media Follow our social media Mowi Global Copyright 2026 © Mowi Cookie settings Privacy Policy We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent. Read moreCookie SettingsReject AllAccept AllManage consent Close Privacy Overview This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. 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SAVE & ACCEPT Powered by Traceability - Mowi Company Website Media Contact Search Mowi Global About us Go to About us Our Values Our History Our Strategy Global Presence Our Structure Mowi Feed Mowi R&D Our seafood Go to Our seafood Tasty & Nutritious Taste & Health Quality Food Safety Our Seafood Trading & Bulk Sales Value Added Products Brand Portfolio Product Innovation Traceability Salmon Farming Sustainability Go to Sustainability Commitments & Actions Our certifications ESG Library ASC Dashboard Investors Go to Investors Share and bond Reports Presentations Capital Markets Day Corporate governance Stock exchange filings Resources Careers Go to Careers Vacancies Working at Mowi News Media Contact Mowi Global Search Select Country or Region Mowi Global Active Asia Mowi China Mowi Japan Mowi Korea Mowi Taiwan Europe Mowi Belgium (FR) Mowi Belgium (NL) Mowi Czechia (CZ) Mowi Czechia (EN) Mowi Faroe Islands Mowi France Mowi Germany Mowi Ireland Mowi Italy Mowi Netherlands Mowi Norway Mowi Poland Mowi Scotland Mowi Spain Mowi Turkey Americas Mowi Canada East Mowi Canada West Mowi Chile Mowi USA You are going to open MOWI Global page Continue Home Products Traceability Traceability Transparency from plate right back to egg We believe that consumer trust is imperative for all foods, especially at a time when so much emphasis is being placed on their purity, safety, and sustainability. We have created a system of unique QR codes for MOWI brand products that allow consumers to examine the supply chain in detail, so they fully understand the care that has gone into their food, and the journey along which it has come. We are in a unique position to do this because we control the whole supply chain from end to end. & but also for customers. Salmon CV Transparency for business partners Clarity of food provenance is key to building trust with consumers. Especially at a time when so much emphasis is being placed on their purity, safety and sustainability. One of the key strengths of owning the supply chain from beginning to end is our ability to maintain visibility, in depth, at every point along its length. It means that when there is a problem we can get to it faster and address it more quickly. We can set unprecedented transparency so our customers and consumers can retrace the journey every salmon takes from the plate right back to the egg, so they fully understand the care that has gone into their food and the journey along which it has come. Traceability information is available on all our raw material on the product certificate. Few examples: Egg strain Marine production site Hatching date Sea temperature Harvest date Pack date Vaccination Treatments Fat and colour The salmon journey Salmon farming is climate friendly food production. Explore the journey of farmed salmon step by step. Throughout these stages, Mowi’s sustainable practices aim to minimize environmental impact. The goal is to produce healthy and high-quality salmon while being mindful of the ecological footprint. Explore the salmon journey More on product Taste & Health Quality Food Safety Trading & Bulk Sales Value Added Products Brand Portfolio Product Innovation Salmon Farming About us Our seafood Sustainability Investors Careers News Contact Media Follow our social media Mowi Global Copyright 2026 © Mowi Cookie settings Privacy Policy We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent. Read moreCookie SettingsReject AllAccept AllManage consent Close Privacy Overview This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. 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SAVE & ACCEPT Powered by Salmon Farming - Mowi Company Website Media Contact Search Mowi Global About us Go to About us Our Values Our History Our Strategy Global Presence Our Structure Mowi Feed Mowi R&D Our seafood Go to Our seafood Tasty & Nutritious Taste & Health Quality Food Safety Our Seafood Trading & Bulk Sales Value Added Products Brand Portfolio Product Innovation Traceability Salmon Farming Sustainability Go to Sustainability Commitments & Actions Our certifications ESG Library ASC Dashboard Investors Go to Investors Share and bond Reports Presentations Capital Markets Day Corporate governance Stock exchange filings Resources Careers Go to Careers Vacancies Working at Mowi News Media Contact Mowi Global Search Select Country or Region Mowi Global Active Asia Mowi China Mowi Japan Mowi Korea Mowi Taiwan Europe Mowi Belgium (FR) Mowi Belgium (NL) Mowi Czechia (CZ) Mowi Czechia (EN) Mowi Faroe Islands Mowi France Mowi Germany Mowi Ireland Mowi Italy Mowi Netherlands Mowi Norway Mowi Poland Mowi Scotland Mowi Spain Mowi Turkey Americas Mowi Canada East Mowi Canada West Mowi Chile Mowi USA You are going to open MOWI Global page Continue Home Products Salmon Farming Salmon Farming Salmon farming is one of the most efficient ways of using natural resources to produce healthy protein. Seafood offers low carbon footprint, high energy and protein retention efficiency and low water footprint. Blue or Aquatic Foods have lower greenhouse gas (GHG) emissions than land-based foods and, therefore, salmon farming can help bridge the gap between the potential of the ocean and the production of sustainable food that is healthy for people. Knowledge Is farmed salmon safe to eat? Yes, farmed salmon is safe to eat. Regulations and industry standards ensure that farmed salmon is carefully monitored for quality and safety. It’s regularly tested for contaminants and meets stringent food safety standards. ... Read more Is salmon farming sustainable? Mowi’s sustainable salmon farming practices prioritize minimizing environmental impact. Efforts include controlling waste, managing water quality, and implementing responsible feed practices. Our farms adhere to stringent sustainability certifications to ensure they operate in an environmental... Read more Are farmed salmon dyed to achieve their color? Salmon feed contains natural compounds like astaxanthin, which give salmon their pink hue. Whether farmed or wild, salmon get their color from their diet. Farmed salmon diets are carefully formulated to replicate the nutrients found in their natural diet, ensuring their color and nutritional quality... Read more Is farmed salmon as healthy as wild salmon? Farmed salmon has just as much nutritional value as its wild counterpart. A lot of science and innovation has gone into perfecting the diets and living conditions of farmed salmon to make sure they as closely replicate their wild counterparts. While some may have personal texture and colour preferen... Read more Mowi 4.0 Smart Farming The ongoing implementation of Smart Farming technologies in Mowi Farming is expected to have a positive impact not only on productivity and costs, but also on fish welfare and sustainability. This work is part of our overall plan called Mowi 4.0 to transform and make the value chain more efficient through digitalisation and automation. More on Smart Farming Where do we farm? Norway Iceland Scotland Ireland Canada The Faroe Islands Chile The Salmon Journey Salmon farming is climate friendly food production. Explore the journey of farmed salmon step by step. Throughout these stages, Mowi’s sustainable practices aim to minimize environmental impact. The goal is to produce healthy and high-quality salmon while being mindful of the ecological footprint. View our salmon journey in detail 1 Hatchery Duration: 1 – 2 months It begins with selecting healthy broodstock for breeding. Eggs are collected and fertilized with sperm in the hatcheries. Once the eggs are fertilized the young salmon is raised in hatcheries. Fertilized eggs are kept in incubation trays or tanks with controlled temperature and water conditions. The eggs hatch into alevins – tiny fish with the orange-coloured yolk sac attached. This sac provides the fish with all the nutrients they need at this early stage. They spend their first months in freshwater, just as they would in the wild. At 8-10 weeks, the alevins enter the fry stage. They will have absorbed their yolk and have grown in size a little. The fry are rising to the water surface signalling that they are ready to feed themselves. 2 Freshwater Duration: 10 – 16 months The fry are transferred from the hatchery into freshwater tanks and will continue to grow for another 8-10 weeks, progressing to parr stage. At the freshwater stage the fish will reach a size when they are each vaccinated to protect them from any diseases. The salmon will also start to take on a silvery colour and a more streamlined shape, indicating that they have undergone the process of smoltification – a series of physiological, morphological and behavioral changes that prepares young salmon for seawater. In Norway, smolts are mainly released into seawater twice a year. In recent years, the industry has invested in freshwater facilities that can grow the smolt larger, up to 1,000 grams, thus shortening the time at sea. 3 Seawater Duration: 12 – 24 months Once smolts are ready, they’re transferred to sea pens in coastal waters. These are large netted enclosures in the ocean where the salmon will spend the majority of their growing period. Here, the salmon are grown to market size. Regular monitoring of water quality, feeding, and health is crucial during this stage. 4 Harvest Harvesting is spread evenly across the year, although most harvesting takes place in the last quarter of the year as this is the period of best growth. After a site is harvested, the location is fallowed for between 2-6 months before the next generation is put to sea at the same location. When they reach harvestable size, the fish are transported to our processing plants where they are slaughtered and gutted. We always focus on handling our salmon as carefully and gently during harvesting and ensure that fish are in the calmest possible state throughout the process. We ensure that our fish are slaughtered in the most humane and effective way possible, by using percussive or electrical stunning. 5 Processing & Logistics Freshness is everything when it comes to fish, and we have always set the highest standards in getting ours from fjord to fork in the shortest possible time. Journey times are always minimised, and processing units are located close to points of consumption. This not only guarantees freshness, but also ensures that our food products can be expertly developed, prepared, and packaged to suit the specific consumer demands of that, local, market. 1 Hatchery Duration: 1 – 2 months It begins with selecting healthy broodstock for breeding. Eggs are collected and fertilized with sperm in the hatcheries. Once the eggs are fertilized the young salmon is raised in hatcheries. Fertilized eggs are kept in incubation trays or tanks with controlled temperature and water conditions. The eggs hatch into alevins – tiny fish with the orange-coloured yolk sac attached. This sac provides the fish with all the nutrients they need at this early stage. They spend their first months in freshwater, just as they would in the wild. At 8-10 weeks, the alevins enter the fry stage. They will have absorbed their yolk and have grown in size a little. The fry are rising to the water surface signalling that they are ready to feed themselves. 2 Freshwater Duration: 10 – 16 months The fry are transferred from the hatchery into freshwater tanks and will continue to grow for another 8-10 weeks, progressing to parr stage. At the freshwater stage the fish will reach a size when they are each vaccinated to protect them from any diseases. The salmon will also start to take on a silvery colour and a more streamlined shape, indicating that they have undergone the process of smoltification – a series of physiological, morphological and behavioral changes that prepares young salmon for seawater. In Norway, smolts are mainly released into seawater twice a year. In recent years, the industry has invested in freshwater facilities that can grow the smolt larger, up to 1,000 grams, thus shortening the time at sea. 3 Seawater Duration: 12 – 24 months Once smolts are ready, they’re transferred to sea pens in coastal waters. These are large netted enclosures in the ocean where the salmon will spend the majority of their growing period. Here, the salmon are grown to market size. Regular monitoring of water quality, feeding, and health is crucial during this stage. 4 Harvest Harvesting is spread evenly across the year, although most harvesting takes place in the last quarter of the year as this is the period of best growth. After a site is harvested, the location is fallowed for between 2-6 months before the next generation is put to sea at the same location. When they reach harvestable size, the fish are transported to our processing plants where they are slaughtered and gutted. We always focus on handling our salmon as carefully and gently during harvesting and ensure that fish are in the calmest possible state throughout the process. We ensure that our fish are slaughtered in the most humane and effective way possible, by using percussive or electrical stunning. 5 Processing & Logistics Freshness is everything when it comes to fish, and we have always set the highest standards in getting ours from fjord to fork in the shortest possible time. Journey times are always minimised, and processing units are located close to points of consumption. This not only guarantees freshness, but also ensures that our food products can be expertly developed, prepared, and packaged to suit the specific consumer demands of that, local, market. More on product Taste & Health Quality Food Safety Trading & Bulk Sales Value Added Products Brand Portfolio Product Innovation Traceability About us Our seafood Sustainability Investors Careers News Contact Media Follow our social media Mowi Global Copyright 2026 © Mowi Cookie settings Privacy Policy We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent. Read moreCookie SettingsReject AllAccept AllManage consent Close Privacy Overview This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. 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SAVE & ACCEPT Powered by Mowi 4.0 Smart Farming - Mowi Company Website Media Contact Search Mowi Global About us Go to About us Our Values Our History Our Strategy Global Presence Our Structure Mowi Feed Mowi R&D Our seafood Go to Our seafood Tasty & Nutritious Taste & Health Quality Food Safety Our Seafood Trading & Bulk Sales Value Added Products Brand Portfolio Product Innovation Traceability Salmon Farming Sustainability Go to Sustainability Commitments & Actions Our certifications ESG Library ASC Dashboard Investors Go to Investors Share and bond Reports Presentations Capital Markets Day Corporate governance Stock exchange filings Resources Careers Go to Careers Vacancies Working at Mowi News Media Contact Mowi Global Search Select Country or Region Mowi Global Active Asia Mowi China Mowi Japan Mowi Korea Mowi Taiwan Europe Mowi Belgium (FR) Mowi Belgium (NL) Mowi Czechia (CZ) Mowi Czechia (EN) Mowi Faroe Islands Mowi France Mowi Germany Mowi Ireland Mowi Italy Mowi Netherlands Mowi Norway Mowi Poland Mowi Scotland Mowi Spain Mowi Turkey Americas Mowi Canada East Mowi Canada West Mowi Chile Mowi USA You are going to open MOWI Global page Continue Home Products Mowi 4.0 Smart Farming Mowi 4.0 Smart Farming What’s 4.0 Smart Farming? In Farming, this includes implementation of remote operations centres, automatic feeding, real-time monitoring of biomass, tracking of fish welfare, and machine learning among other initiatives. Farming Norway is leading the way with this work and within the next five years we expect to have completed the roll-out of Smart Farming in our largest farming unit. Our Goal The ongoing implementation of Smart Farming technologies in Mowi Farming is expected to have a positive impact not only on productivity and costs, but also on fish welfare and sustainability. This work is part of our overall plan called Mowi 4.0 to transform and make the value chain more efficient through digitalisation and automation. Innovation throughout the value chain Click on salmon journey element to link to see more details Breeding & genetics Feed Production Freshwater/smolt production Seawater production / on growing Processing Product Breeding & genetics Genomic selection, traceability and benchmarking optimising genomic selection use of high resolution phenotypes full traceability and benchmarking genetic progress with production data Nutrition and genetic interaction relationship between nutrition, genetics, product quality and performance Best genetics for enhanced fish robustness and product quality tackling fish diseases and lice challenges with improved genetics product quality characteristics included in breeding goals Feed Production Maintain raw material flexibility developing the raw-material basket and ensuring availability of cost effective, safe and sustainable raw materials Ensure optimal nutrient composition improving our understanding of the nutrient requirements of Mowi salmon Diets enhancing fish robustness and product quality developing functional ingredients and better meeting the nutritional needs of Mowi salmon feed development to fine-tune product quality attributes Freshwater/smolt production Constructing state of the art RAS facilities development of bespoke Mowi optimal design for RAS systems including real-time monitoring of water quality Exploring new smolt production technology platforms alternative production systems for post smolt production Optimise smolt production evaluating production methods for best performance, robustness and welfare Seawater production / on growing Further reduce medicine use new and better vaccines optimised practices and biosecurity Increase fish survival larger smolt  vaccination strategy  optimized lice treatments submerged farming plankton monitoring and mitigation Improve solutions for lice control (prevention and treatment) optimising current tools developing novel solutions, including passive control methods Improve net-pen technology machine learning tools for automatic sea lice counting, biomass monitoring and autonomous feeding effective anti-fouling and net strategies Remote Operation Centres developing remote farming operations centres with centralised feeding and remote expert solutions realising the Most Automated Farm concepts seeking simplification, automation and optimisation in daily operations Processing Ensure premium product quality optimising production related factors impacting negatively on product quality exploring new or improved production, harvesting and processing methods Maintain listeria control seeking better practices, solutions and tools to ensure a safe product Processing automation on-line scanners for product quality and automatic grading Product Sustainable packaging implementing the 4Rs packaging principles (Reduce, Reuse, Recycle and Replace) Develop new products creating more diversified products that are healthy, sustainable, tasty and convenient Learn more about R&D at Mowi Creating value through R&D and Technical support Our R&D and Innovation facilities Innovation on net pens More on product Taste & Health Quality Food Safety Trading & Bulk Sales Value Added Products Brand Portfolio Product Innovation Traceability Salmon Farming About us Our seafood Sustainability Investors Careers News Contact Media Follow our social media Mowi Global Copyright 2026 © Mowi Cookie settings Privacy Policy We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. 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SAVE & ACCEPT Powered by Value Added Products - Mowi Company Website Media Contact Search Mowi Global About us Go to About us Our Values Our History Our Strategy Global Presence Our Structure Mowi Feed Mowi R&D Our seafood Go to Our seafood Tasty & Nutritious Taste & Health Quality Food Safety Our Seafood Trading & Bulk Sales Value Added Products Brand Portfolio Product Innovation Traceability Salmon Farming Sustainability Go to Sustainability Commitments & Actions Our certifications ESG Library ASC Dashboard Investors Go to Investors Share and bond Reports Presentations Capital Markets Day Corporate governance Stock exchange filings Resources Careers Go to Careers Vacancies Working at Mowi News Media Contact Mowi Global Search Select Country or Region Mowi Global Active Asia Mowi China Mowi Japan Mowi Korea Mowi Taiwan Europe Mowi Belgium (FR) Mowi Belgium (NL) Mowi Czechia (CZ) Mowi Czechia (EN) Mowi Faroe Islands Mowi France Mowi Germany Mowi Ireland Mowi Italy Mowi Netherlands Mowi Norway Mowi Poland Mowi Scotland Mowi Spain Mowi Turkey Americas Mowi Canada East Mowi Canada West Mowi Chile Mowi USA You are going to open MOWI Global page Continue Home Products Value Added Products Value Added Products We are exploring new possibilities for seafood and constantly developing fresh recipes. We relish the opportunity to work closely with customers to create new products. Contact our sales team for more information about products. Mowi is looking into ways of meeting an increasing demand for plant-based protein products. Since 2022, we have conversations with key customers on developing new products imitating different fish products using vegetable raw materials. Consequently, vegan options have become an integral part of our innovation agenda. So far, our success has been predominantly in the sushi area, where currently about 10% of our products are vegetable based. Patties & burgers Breaded Sushi Gravad Taste experts From sizzling grilled fillets to succulent oven-baked dishes and creative salads, each recipe is a testament to the versatility and deliciousness of salmon. View our seafood tips & recipes Recipes Tasty salmon pizza with tomato, rocket, capers and lemon creme 25 min Recipes Salmon shiitake truffel butter with black rice and mushroom salsa 60 min Recipes Pumpkin puree soup with baked salmon & balsamic sauce 60 min Recipes Salmon, asparagus & lemon-garlic butter sauce 15 min Contact us Contact our office for more details on trading & bulk sales. Visit contact page More on product Taste & Health Quality Food Safety Trading & Bulk Sales Brand Portfolio Product Innovation Traceability Salmon Farming About us Our seafood Sustainability Investors Careers News Contact Media Follow our social media Mowi Global Copyright 2026 © Mowi Cookie settings Privacy Policy We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent. 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SAVE & ACCEPT Powered by Trading & Bulk Sales - Mowi Company Website Media Contact Search Mowi Global About us Go to About us Our Values Our History Our Strategy Global Presence Our Structure Mowi Feed Mowi R&D Our seafood Go to Our seafood Tasty & Nutritious Taste & Health Quality Food Safety Our Seafood Trading & Bulk Sales Value Added Products Brand Portfolio Product Innovation Traceability Salmon Farming Sustainability Go to Sustainability Commitments & Actions Our certifications ESG Library ASC Dashboard Investors Go to Investors Share and bond Reports Presentations Capital Markets Day Corporate governance Stock exchange filings Resources Careers Go to Careers Vacancies Working at Mowi News Media Contact Mowi Global Search Select Country or Region Mowi Global Active Asia Mowi China Mowi Japan Mowi Korea Mowi Taiwan Europe Mowi Belgium (FR) Mowi Belgium (NL) Mowi Czechia (CZ) Mowi Czechia (EN) Mowi Faroe Islands Mowi France Mowi Germany Mowi Ireland Mowi Italy Mowi Netherlands Mowi Norway Mowi Poland Mowi Scotland Mowi Spain Mowi Turkey Americas Mowi Canada East Mowi Canada West Mowi Chile Mowi USA You are going to open MOWI Global page Continue Home Products Trading & Bulk Sales Trading & Bulk Sales Our offer We offer whole salmon in various sizes and a wide range of fillet trimming from A to E according to the customer’s individual specifications. Fillet Available in 5 trims. See fillet guide Head-On Gutted (HOG) whole fish Fillet guide Trim A Trim B Trim C Trim C (Bellies) Trim D Trim D (Bellies) Trim E Trim A Premium grade Uniform and even colour on the fillets – max two grade difference on the salmofan scale between belly and back) Colour – minimum 24 salmofan Firm texture and little/no defects on the flesh, few small gapings may apply. Specifications pre rigor fillets Collar off Collar bone in Back bone off Majority of belly bone off Skin on Pin bone in* * for post rigor fillets pin bone out is an option Trim B Premium grade Uniform and even colour on the fillets – max two grade difference on the salmofan scale between belly and back) Colour – minimum 24 salmofan Firm texture and little/no defects on the flesh, few small gapings may apply. Specifications pre rigor fillets Collar off Back bone off Belly bone off Skin on Pin bones in* Ventral fin (pelvic fin) off * for post rigor fillets pin bone out is an option Trim C Premium grade Uniform and even colour on the fillets – max two grade difference on the salmofan scale between belly and back) Colour – minimum 24 salmofan Firm texture and little/no defects on the flesh, few small gapings may apply. Specifications pre rigor fillets Collar off Back bone off Belly bone off Skin on Pin bone in* Dorsal fin off Fat fin (adipose fin) off Ventral fin (pelvic fin) off Anal fin off Belly trimmed * for post rigor fillets pin bone out is an option Trim C (Bellies) Premium grade Uniform and even colour on the fillets – max two grade difference on the salmofan scale between belly and back) Colour – minimum 24 salmofan Firm texture and little/no defects on the flesh, few small gapings may apply. Specifications pre rigor fillets Collar off Back bone off Belly bone off Skin on Pin bone in* Dorsal fin off Fat fin (adipose fin) off Ventral fin (pelvic fin) off Anal fin off Belly fat 1-3 cm or 3+ cm Belly off * for post rigor fillets pin bone out is an option Trim D Premium grade Uniform and even colour on the fillets – max two grade difference on the salmofan scale between belly and back) Colour – minimum 24 salmofan Firm texture and little/no defects on the flesh, few small gapings may apply. Specifications pre rigor fillets Collar off Collar bone off Back bone off Belly bone off Skin on Pin bone in* Dorsal fin off Fat fin (adipose fin) off Ventral fin (pelvic fin) off Anal fin off Belly fat off Belly off Tail cut * for post rigor fillets pin bone out is an option Trim D (Bellies) Premium grade Uniform and even colour on the fillets – max two grade difference on the salmofan scale between belly and back) Colour – minimum 24 salmofan Firm texture and little/no defects on the flesh, few small gapings may apply. Specifications pre rigor fillets Collar off Collar bone off Back bone off Belly bone off Skin on Pin bone in* Dorsal fin off Fat fin (adipose fin) off Ventral fin (pelvic fin) off Anal fin off Belly fat off Belly 1-3 cm or 3+ cm Tail cut * for post rigor fillets pin bone out is an option Trim E Premium grade Uniform and even colour on the fillets – max two grade difference on the salmofan scale between belly and back) Colour – minimum 24 salmofan Firm texture and little/no defects on the flesh, few small gapings may apply. Specifications pre rigor fillets Collar off Collar bone off Back bone off Belly bone off Skin off Pin bone in* Dorsal fin off Fat fin (adipose fin) off Ventral fin (pelvic fin) off Anal fin off Belly fat off Belly off Tail cut * for post rigor fillets pin bone out is an option Raw material origins Norway Iceland Scotland Ireland Canada The Faroe Islands Chile Condition Fresh Frozen Recognised quality labels Contact us Contact our office for more details on trading & bulk sales. Visit contact page More on product Taste & Health Quality Food Safety Value Added Products Brand Portfolio Product Innovation Traceability Salmon Farming About us Our seafood Sustainability Investors Careers News Contact Media Follow our social media Mowi Global Copyright 2026 © Mowi Cookie settings Privacy Policy We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. 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SAVE & ACCEPT Powered by Taste & Health - Mowi Company Website Media Contact Search Mowi Global About us Go to About us Our Values Our History Our Strategy Global Presence Our Structure Mowi Feed Mowi R&D Our seafood Go to Our seafood Tasty & Nutritious Taste & Health Quality Food Safety Our Seafood Trading & Bulk Sales Value Added Products Brand Portfolio Product Innovation Traceability Salmon Farming Sustainability Go to Sustainability Commitments & Actions Our certifications ESG Library ASC Dashboard Investors Go to Investors Share and bond Reports Presentations Capital Markets Day Corporate governance Stock exchange filings Resources Careers Go to Careers Vacancies Working at Mowi News Media Contact Mowi Global Search Select Country or Region Mowi Global Active Asia Mowi China Mowi Japan Mowi Korea Mowi Taiwan Europe Mowi Belgium (FR) Mowi Belgium (NL) Mowi Czechia (CZ) Mowi Czechia (EN) Mowi Faroe Islands Mowi France Mowi Germany Mowi Ireland Mowi Italy Mowi Netherlands Mowi Norway Mowi Poland Mowi Scotland Mowi Spain Mowi Turkey Americas Mowi Canada East Mowi Canada West Mowi Chile Mowi USA You are going to open MOWI Global page Continue Home Products Taste & Health Taste & Health Salmon is versatile and appeals to people of all ages with its highly appetising taste, look, texture and colour. The megatrends driving salmon demand are strong and driven by health trends and a growing need for more low-carbon diets. Our salmon is a high-quality product that has a taste and health profile that few other products can match. We know the main reason why consumers choose our product over and over again: TASTE. Nothing is as important as taste when it comes to food. In many countries, salmon is the top choice and favourite fish among consumers. From this delicious produce, we create new recipes and products throughout the year and offer it to our customers and consumers. Recipes Tasty salmon pizza with tomato, rocket, capers and lemon creme 25 min Recipes Salmon shiitake truffel butter with black rice and mushroom salsa 60 min Recipes Pumpkin puree soup with baked salmon & balsamic sauce 60 min Recipes Salmon, asparagus & lemon-garlic butter sauce 15 min Recipes Healthy & fresh salmon orzo salad 15 min Recipes Salmon & avocado rice bowl 35 min View our seafood tips & recipes A true superfood Health authorities around the world advise people to include at least one portion of oily fish per week into their diets because of the associated health benefits. Along with plant-based foods, such as vegetables, fruit, legumes, whole grains, and nuts, fish is categorised as an ’emphasised food’ in a planetary healthy diet by the EAT Lancet commission8. Our salmon is an excellent source of high-quality protein, vitamins and minerals (including potassium, selenium and vitamin B12), but it is the content of the long-chain Omega-3 fatty acids EPA and DHA that receives the most attention, and rightly so! Omega-3 fatty acids are beneficial for: Brain Omega-3 fatty support brain function and development in infants. They also possibly prevent psychiatric diseases, particularly cognitive decline in the elderly5. Heart Omega-3 fatty acids help to maintain healthy heart by lowering blood pressure, as well as reduce the risk of sudden death, heart attack, stroke1,2,3, and coronary heart disease3,4 Body Omega-3 fatty acids possibly prevent inflammation and reduce the risk of arthritis5,6. Weichselbaum E et al. Nutr Bull 2013;38(2):128–177. Schwellenbach LJ et al. J Am Coll Nutr 2006;25(6):480–485. Innes J.K and Calder P.C Int. J. Mol. Sci. 2020;21, 1362. U.S. Food and Drug Administration. Summary of qualified health claims subject to enforcement discretion. 2014. Available at: https://regulatorydoctor.us/ wp-content/uploads/2014/09/Summary-of-Qualified-Health-Claims-Subject-to-Enforcement-Discretion.pdf. Last accessed January 2020. Pusceddu M.M et al. International Journal of Neuropsychopharmacology 2016; 19(12): 1-23. Akbar U et al. JCR: Journal of Clinical Rheumatology 2017 23;(6): 330-339.     Mowi salmon nutritiousness EPA & DHA 539% of RDI EPA and DHA are in cell membranes and help cells function properly. Marine Omega-3 prevent development of cardio-vascular disease. Protein 35% of RDI Protein is a building block in muscles. At least nine amino acids are essential for humans, and all nine are present at balanced levels in our salmon. Total fat 18-29% of RDI Salmon is rich in the very long chain fatty acids which are essential for our health and are needed to ensure cells function well. Vitamin B12 192% Vitamin B12 helps red blood cells form and keeps the nervous system healthy. A lack of vitamin B12 can cause a form of anaemia. Iodine 4% of RDI Iodine plays a vital role in our metabolism and a deficiency can lead to reduced growth and mental decline. It’s particularly vital for pregnant women to aid the growing baby’s development. Selenium 35% of RDI Selenium helps cognitive function and fertility for men and women. Lack of selenium leads to weakening of the heart muscles and increased risk of cardiovascular disease. Vitamin D 65% of RDI Vitamin D helps the body absorb calcium. Lack of vitamin D is associated with rickets in children and soft bones in adults. Vitamin E 39% of RDI Vitamin E plays a role in our immune function and is an important anti-oxidant needed to protect cells. RDI – Recommended Daily Intake See detailed table with nutritient groups of Mowi salmon Mowi Salmon Wild atlantic salmon1 Reccommended daily intake (RDI)2 Nutritional factors Parameter Mowi Salmon Wild atlantic salmon1 Reccommended daily intake (RDI)2 Value % of RDI Value % of RDI Value Fat Total fat 16,0g / 100g 18-29% 8,0g / 100g 18-30% 55-90 g/d3 Omega-3 fatty acids Total EPA + DHA 1,3g / 100g 539% 1,6g / 100g 640% 0,25 g/d Vitamins Vitamin B12 3,8µg / 100g 192% 6,8µg / 100g 342% 2 µg/d Vitamin D 6,5µg / 100g 65% 11,0µg / 100g 110% 10 µg/d Vitamin E 3,5mg / 100g 39% 1,6mg / 100g 18% 9 mg/d Minerals Iodine 0,006mg / 100g 4% 0,020mg / 100g 13% 0,15 mg/d Selenium 0,021mg / 100g 35% 0,043mg / 100g 72% 0,06 mg/d Protein Protein 20,4g / 100g 35% 21,1g / 100g 36% 58 g/d4 1) Source: IMR seafood data 2) Nordic Nutrition Recommendations and EFSA. 3) For an adult with a calorie requirement of 2000 kcal/day. It is recommended that fat account for 25-40% of daily energy intake. One portion is defined as 140 gram of salmon by the EU. 4) Recommended daily intake of proteins for adults (70 kg) is 0.83 g protein/kg body weight/daily. More on product Quality Food Safety Trading & Bulk Sales Value Added Products Brand Portfolio Product Innovation Traceability Salmon Farming About us Our seafood Sustainability Investors Careers News Contact Media Follow our social media Mowi Global Copyright 2026 © Mowi Cookie settings Privacy Policy We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent. Read moreCookie SettingsReject AllAccept AllManage consent Close Privacy Overview This website uses cookies to improve your experience while you navigate through the website. 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SAVE & ACCEPT Powered by Quality - Mowi Company Website Media Contact Search Mowi Global About us Go to About us Our Values Our History Our Strategy Global Presence Our Structure Mowi Feed Mowi R&D Our seafood Go to Our seafood Tasty & Nutritious Taste & Health Quality Food Safety Our Seafood Trading & Bulk Sales Value Added Products Brand Portfolio Product Innovation Traceability Salmon Farming Sustainability Go to Sustainability Commitments & Actions Our certifications ESG Library ASC Dashboard Investors Go to Investors Share and bond Reports Presentations Capital Markets Day Corporate governance Stock exchange filings Resources Careers Go to Careers Vacancies Working at Mowi News Media Contact Mowi Global Search Select Country or Region Mowi Global Active Asia Mowi China Mowi Japan Mowi Korea Mowi Taiwan Europe Mowi Belgium (FR) Mowi Belgium (NL) Mowi Czechia (CZ) Mowi Czechia (EN) Mowi Faroe Islands Mowi France Mowi Germany Mowi Ireland Mowi Italy Mowi Netherlands Mowi Norway Mowi Poland Mowi Scotland Mowi Spain Mowi Turkey Americas Mowi Canada East Mowi Canada West Mowi Chile Mowi USA You are going to open MOWI Global page Continue Home Products Quality Quality Every day, we maintain the trust of our customers by offering them products and services that match their expectations. We produce high-quality farm-raised salmon and value- added products. High quality is ensured through procedures, training, and the sharing of best practices across the Group. In addition, we are constantly improving our monitoring programs and quality assurance systems, and implementing technology that helps us deliver high-quality products across the world. The superior quality share (i.e. the proportion of the salmon without damage or defects that provides a positive overall impression) has remained above 90% for the last decade. 100% of our processing plants have a Global Food Safety Initiative (GFSI) recognised standard. Mowi’s target is that all our seafood suppliers shall have a GFSI recognised certification. For more detailed information about Mowi’s quality certifications, visit Our Certifications Page The minimum requirement for farming operations is to be certified with Global Sustainable Seafood Initiative (GSSI): More on product Taste & Health Food Safety Trading & Bulk Sales Value Added Products Brand Portfolio Product Innovation Traceability Salmon Farming About us Our seafood Sustainability Investors Careers News Contact Media Follow our social media Mowi Global Copyright 2026 © Mowi Cookie settings Privacy Policy We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent. Read moreCookie SettingsReject AllAccept AllManage consent Close Privacy Overview This website uses cookies to improve your experience while you navigate through the website. 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SAVE & ACCEPT Powered by Food Safety - Mowi Company Website Media Contact Search Mowi Global About us Go to About us Our Values Our History Our Strategy Global Presence Our Structure Mowi Feed Mowi R&D Our seafood Go to Our seafood Tasty & Nutritious Taste & Health Quality Food Safety Our Seafood Trading & Bulk Sales Value Added Products Brand Portfolio Product Innovation Traceability Salmon Farming Sustainability Go to Sustainability Commitments & Actions Our certifications ESG Library ASC Dashboard Investors Go to Investors Share and bond Reports Presentations Capital Markets Day Corporate governance Stock exchange filings Resources Careers Go to Careers Vacancies Working at Mowi News Media Contact Mowi Global Search Select Country or Region Mowi Global Active Asia Mowi China Mowi Japan Mowi Korea Mowi Taiwan Europe Mowi Belgium (FR) Mowi Belgium (NL) Mowi Czechia (CZ) Mowi Czechia (EN) Mowi Faroe Islands Mowi France Mowi Germany Mowi Ireland Mowi Italy Mowi Netherlands Mowi Norway Mowi Poland Mowi Scotland Mowi Spain Mowi Turkey Americas Mowi Canada East Mowi Canada West Mowi Chile Mowi USA You are going to open MOWI Global page Continue Home Products Food Safety Food Safety The results of our rigorous testing program continue to demonstrate that our salmon is both safe and healthy. Food safety hazards Environmental contaminants Environmental contaminants in our feed and fish are kept far below the safe limits (MRLs) set by the food safety authorities around the world. Through our ONEMowi Operational Excellence Program we secure a harmonised monitoring program for undesirable substances in the Mowi group. In this program we include heavy metals, pesticides, GMOs, mycotoxins and dioxins/dioxin-like PCBs. In recent years, a comprehensive monitoring program related to microplastics has been implemented. This so we understand what impact microplastic can have for our value chain. Pathogen bacteria Pathogen bacteria are kept under control to prevent contamination in our products, both to ensure the safety of our own ready-to- eat and ready-to-heat products and to ensure that fish sold to commercial customers for further processing is risk-free. Listeria monocytogenes is one of the potential food-borne pathogens in fish products which are consumed without prior heat treatment. Due to increased consumption of raw salmon in products such as sushi, it has become even more important to fully control the risk of Listeria contamination. Medicine use and residue Fish, like other animals and humans, may become ill and require intervention. Our approach to medicine use and medicine residue is very strict and is designed with an emphasis on disease prevention and fish welfare. Our fish health professionals use medicines only when other measures are not sufficient, or when fish welfare may be compromised. Any prescription is signed by a certified veterinarian or fish health professional, and the approval process is strictly controlled by the relevant authorities. Our product recall system is part of our ONEMowi operational excellence program where we have specific policies and standard operating procedures related to incident reporting and crisis handling. Each business unit has its own crisis team which handle the incidents locally. More on product Taste & Health Quality Trading & Bulk Sales Value Added Products Brand Portfolio Product Innovation Traceability Salmon Farming About us Our seafood Sustainability Investors Careers News Contact Media Follow our social media Mowi Global Copyright 2026 © Mowi Cookie settings Privacy Policy We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent. 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SAVE & ACCEPT Powered by Recipes Archive - Mowi Company Website Media Contact Search Mowi Global About us Go to About us Our Values Our History Our Strategy Global Presence Our Structure Mowi Feed Mowi R&D Our seafood Go to Our seafood Tasty & Nutritious Taste & Health Quality Food Safety Our Seafood Trading & Bulk Sales Value Added Products Brand Portfolio Product Innovation Traceability Salmon Farming Sustainability Go to Sustainability Commitments & Actions Our certifications ESG Library ASC Dashboard Investors Go to Investors Share and bond Reports Presentations Capital Markets Day Corporate governance Stock exchange filings Resources Careers Go to Careers Vacancies Working at Mowi News Media Contact Mowi Global Search Select Country or Region Mowi Global Active Asia Mowi China Mowi Japan Mowi Korea Mowi Taiwan Europe Mowi Belgium (FR) Mowi Belgium (NL) Mowi Czechia (CZ) Mowi Czechia (EN) Mowi Faroe Islands Mowi France Mowi Germany Mowi Ireland Mowi Italy Mowi Netherlands Mowi Norway Mowi Poland Mowi Scotland Mowi Spain Mowi Turkey Americas Mowi Canada East Mowi Canada West Mowi Chile Mowi USA You are going to open MOWI Global page Continue Home Products Taste & Health Seafood tips & recipes Seafood tips & recipes Recipes Tasty salmon pizza with tomato, rocket, capers and lemon creme 25 min View recipe Recipes Tips & Tricks Recipes Healthy & fresh salmon orzo salad 15 min Recipes Salmon, asparagus & lemon-garlic butter sauce 15 min Recipes Pumpkin puree soup with baked salmon & balsamic sauce 60 min Recipes Salmon shiitake truffel butter with black rice and mushroom salsa 60 min Recipes Tasty salmon pizza with tomato, rocket, capers and lemon creme 25 min Recipes Salmon & avocado rice bowl 35 min More on product Taste & Health Quality Food Safety Trading & Bulk Sales Value Added Products Brand Portfolio Product Innovation Traceability Salmon Farming About us Our seafood Sustainability Investors Careers News Contact Media Follow our social media Mowi Global Copyright 2026 © Mowi Cookie settings Privacy Policy We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. 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CookieDurationDescription_cfuvidsessionDescription is currently not available.routesessionNo description available. SAVE & ACCEPT Powered by Premium sustainable salmon At Mowi, we work with the ocean to produce nutritious, delicious and supreme-quality seafood. We fulfill one fifth of global demand for farm-raised Atlantic salmon and are constantly driven by innovation and the desire to achieve the highest standards of sustainability. At Mowi, we care for every aspect of our salmon. We are the only salmon producer with full internal control of our own genetics, feed, farming operations, harvesting, processing, logistics, sales and marketing. Read more about our value chain here. We have worked with the same strain of salmon since Mowi’s beginnings in 1964 and we work hard to protect and develop our unique breed. We have our own breeding and genetics department and our strategy is to produce our own eggs to secure the selection of the best genetic properties. We hold our own brood stock and invest significant efforts and resources to improve the performance, disease resistance, welfare and quality of the fish. Mowi Feed is the feed manufacturing division of Mowi Group. Since opening in Norway in 2014 we have increased annual feed production to a level of more than 540 000 tonnes in full-year 2020. We sell fish feeds in Norway, Scotland, Ireland and the Faroe Islands for production according to conventional and organic standards. Starting with feeds for salmon of 2-3g, we provide approximately 95% of the feed consumption of our sister businesses in Mowi Farming which is by far the largest single salmon producer in Europe. Additionally, we sell feeds for conventionally reared trout in both fresh and seawater production systems in the UK and for export into Europe. Operations at Mowi Feed are centred around our state-of-the-art feed mills at Valsneset in Norway (opened in 2014) and Kyleakin in Scotland (opened in 2019). These purpose-built factories are specifically designed to produce high nutrient density feed for farmed fish including salmon and trout and are equipped with all the facilities that drive efficiency and cost-effectiveness in an environmentally conscious manner. Mowi Feed is solely responsible for the whole feed development, manufacturing and sales process from: identifying nutrient requirements and raw material optimisation; through ingredient procurement, manufacturing and logistics; finance; and completing the process with customer support and gathering market intelligence. As such, we require in-depth knowledge of salmon nutrition, raw material evaluation, feed manufacturing technology; feed and food safety; process and logistics optimisation. We are an R&D driven business. Our guiding principle for producing fish feed is that every single pellet must deliver 100% of what the fish needs, every day. Our aim, therefore, is to help our customers produce robust, sustainable, high-quality fish using the widest available spectrum of sustainable raw materials. Mowi has been ranked the world’s most sustainable protein producer by the Coller FAIRR Initiative four years in a row (2019-2022). This index provides rankings based on critical environmental, social and governance (ESG) issues and Mowi Feed and Mowi Feed lays down a significant part of the foundation upon which that recognition is built. At every stage of the value chain, we all work towards one shared aim. To provide a growing world population with delicious, healthy and nutritious food from the ocean, in a way in a way that respects our planet and allows local communities to flourish. A product everyone at Mowi – all 12,000 of us – is proud of, every day. Customers appreciate the transparency of our supply chain and get full insight into how Mowi operates. Consumers can trace the products on their plate back through the entire chain and see how we care for our salmon. The focus of our farmers is the welfare of our fish. We hire the best vets, geneticists, researchers and farmers, who share their knowledge and expertise on caring for fish via our global training initiatives. We produce our own feed to match the nutritional needs of our fish at every stage of life. The flexibility of our feed division allows us to react to customer trends in a way that would not be possible with external feed suppliers. SALMON WELFARE POLICY LEADING THE BLUE REVOLUTION PLAN Ardnish, Scotland Third-party publications Mowi Feed R&D acquires a substantial amount of knowledge both through our own in-house projects and through collaboration with research partners. There are a multitude of ways to share that information and different projects merit the use of different vehicles for communication. Many of our projects result in the production of peer-reviewed articles and/or articles published by our partners. You can find many of these by following this link. Averøy Field Trials Station publications In return for being granted the R&D licence at Averøy, Mowi is obliged to make public the findings of the projects carried out there. We have a number of platforms for sharing that knowledge with, as mentioned above, publication in peer-reviewed journals being one of them. You can find links to many of the articles published at the end of projects hosted at Averøy if you follow this link. Averøy Field Trials Station periodic reports One of the other ways in which Mowi Feed can share the knowledge acquired at our Averøy Field Trials Station is to post our project reports on Mowi. com. On these pages, we provide access to our reports which: give an insight into our way of working; summarise the key observations we made; and share our conclusions and proposals for further work. The reports are published on an ongoing basis and eventually, we hope to provide a library of information that is continually growing and that stakeholders find useful. Click here to view the Averøy FTS Report Library. Feed R&D is predominantly carried out by the Nutrition and Formulation Department which employs more than 27 full-time employees engaged in tasks on a spectrum between the execution of trials at our field stations and the issue of long-term recommendations for raw material purchase requirements and commercial valuation. The research on nutrition and formulation is complemented by work carried out by our Process Development and Quality teams who are responsible for both cost optimisation of the manufacturing process itself and adapting that process to make the best use of the innovations arising from our nutrition and feeding research. A core team of 6-7 researchers and product developers mostly, but not exclusively, based in Bergen, is responsible for setting the research agenda which will provide knowledge on the nutrient requirements of salmon and identify the most suitable raw materials to deliver those nutrients. Our nutrition and feeding research is centred around activities at our own Field Trials Stations at Averøy (Norway) and Ardnish (Scotland) and supplemented by trials carried out at other facilities including those of LetSea, GIFAS, NOFIMA and ILab in Norway and Matis in Iceland. We are also involved in European Union sponsored projects with a multitude of international, academic and commercial partners. In addition to project management, each of the researchers has a specific function to fulfil with regards implementation of the newly acquired knowledge which ultimately is used to define the specifications for our products and raw materials. Working closely with our Procurement Team we are able to introduce new raw material prospects to the development process; develop and refine existing raw material offers; and provide feedback on the monetary value of offers received from the market. Back to Mowi Feed R&D Mowi Feed Research & Development: Strategy for the coming years Mowi Feed is a standalone feed company which means that it is solely responsible for the whole process from identifying nutrient requirements and raw material optimisation; to ingredient procurement, manufacturing and logistics; and completing the process with customer support and gathering market intelligence. As such, we require in-depth knowledge of salmon nutrition, raw material evaluation, feed manufacturing technology; feed and food safety; process and logistics optimisation. This requires us to be a research and development-driven business. The knowledge acquired through Mowi Feed’s R&D projects is implemented directly into Mowi Feed’s products. Put simply, the knowledge we acquire on nutrient requirements materialises as nutrient targets for our formulation programme whilst knowledge of the raw material composition, bioavailability and utilisation is applied to our raw material assumptions in the same formulation programme. The outcomes are then applied directly to our procurement strategy which in turn dictates which raw materials we buy and from whom. This knowledge is therefore applied directly both up and downstream from Mowi Feed to make feeds for Norway’s largest salmon farmer and cannot be applied anymore directly or on a larger scale in the market than this. Being part of an integrated company gives Mowi Feed a very strong focus on providing real benefits for our sister companies in Farming and Markets. As a result, we understand that the value in salmon farming is principally created by the fish and associated products and the role of feed is to support that to the best of our ability. This principle has a strong influence on the innovations we pursue with the result that our focus is on the four themes described below. Optimum resource utilisation This means achieving maximum growth rates and minimum bFCR in the seawater production phase to make cost-optimal use of the feed and other tangible assets. By optimising growth rates we reduce the time for which the salmon are exposed to environmental and health challenges and extract maximum return for each tonne of consented biomass. This will be achieved through better understanding of the fundamental nutrient requirements of growing salmon and matching the feed composition to those needs on a size-specific and seasonal basis Raw material flexibility Independence from any specific feed material, be that marine ingredients, agricultural products or new and emerging feed ingredients, is a key factor for managing feed cost and sustainability. This is achieved by the thorough characterisation of all our feed ingredients and understanding how each of the features and benefits of our materials contribute to fish performance, health, welfare and quality. Animal robustness Increasing the robustness of the salmon reduces both the spend on treatments and decreases the mortality rate or downgrading associated with some of the non-medicinal treatment methods. The net result is an improved eFCR and a more welfare-friendly image for the industry. The approach in this area is not just to focus on supplements that bring additional robustness gains but also, to assure that we formulate feeds that don’t undermine fish health due to poor understanding of raw material properties. Responsible use of resources Whilst optimising salmon survival and FCR bring the most tangible benefits with regards to resource utilisation, we must also assure that the resources we use are sustainably produced. Our activity in this area includes not only looking for more sustainable formats and sources of existing feed materials e. g. marine ingredients and agricultural products but, also evaluating the novel feed ingredients that are an increasingly commercial proposition. On the basis that R&D is a linear process (what one studies next depends on what one has learned), outcomes from our current activities and ongoing trials will be the main influences on which lines of enquiry we follow. As a commercially focused R&D department, it is of great importance that Mowi Feed retains the flexibility to support our farming and marketing businesses as they interpret changes in customer and consumer requirements. Being a feed company, it is of strategic importance that Mowi Feed can execute research in response to macro changes in commodity supply, availability and cost as well as investigate opportunities for exploitation of new opportunities and/or novel feed materials. Again, whilst the pressures related to climate change, raw material availability and resource utilisation are anticipated, how this will emerge in terms of specific projects is a continually changing picture. Back to Mowi Feed R&D We believe that we can accelerate progress by focusing on key partnerships. Global Food Safety Initiative We continue to support the Global Sustainable Seafood Initiative, which plays an important role in providing clarity on seafood certification. Visit ourgssi. org High Level Panel for a sustainable ocean economy Mowi is part of the advisory network of the High Level Panel for a sustainable ocean economy. As a member of the advisory network we aim to share knowledge on existing initiatives and actions within ocean-farming that can contribute to the High Level Panel’s aim of advancing a new relationship between humanity and the sea that protects the ocean and optimises its value to humankind. Visit oceanpanel. org The Sustainable Development Goals (SDGs) - Mowi Company Website Media Contact Search Mowi Global About us Go to About us Our Values Our History Our Strategy Global Presence Our Structure Mowi Feed Mowi R&D Our seafood Go to Our seafood Tasty & Nutritious Taste & Health Quality Food Safety Our Seafood Trading & Bulk Sales Value Added Products Brand Portfolio Product Innovation Traceability Salmon Farming Sustainability Go to Sustainability Commitments & Actions Our certifications ESG Library ASC Dashboard Investors Go to Investors Share and bond Reports Presentations Capital Markets Day Corporate governance Stock exchange filings Resources Careers Go to Careers Vacancies Working at Mowi News Media Contact Mowi Global Search Select Country or Region Mowi Global Active Asia Mowi China Mowi Japan Mowi Korea Mowi Taiwan Europe Mowi Belgium (FR) Mowi Belgium (NL) Mowi Czechia (CZ) Mowi Czechia (EN) Mowi Faroe Islands Mowi France Mowi Germany Mowi Ireland Mowi Italy Mowi Netherlands Mowi Norway Mowi Poland Mowi Scotland Mowi Spain Mowi Turkey Americas Mowi Canada East Mowi Canada West Mowi Chile Mowi USA You are going to open MOWI Global page Continue Home Sustainability The Sustainable Development Goals (SDGs) The Sustainable Development Goals (SDGs) have been agreed by all 193 United Nations (UN) member states in 2015 and guide governments, civil society and the private sector in a collaborative effort for change towards a sustainable development. 0 programs SDG 1 No poverty Our programs 0 programs SDG 2 Zero hunger Our programs 2 programs SDG 3 Good health and well-being Farm-raised salmon is a rich source of omega-3 fatty acids, minerals and vitamins. Its benefits to human health are well-documented. Our programs Community engagement Safe and meaningful workplace 0 programs SDG 4 Quality education Our programs 1 program SDG 5 Gender equality Our business depends on inclusivity and diversity among our employees. We focus on building a diverse work force throughout the value chain, as well as fair employment, and development and equal opportunities for all employees. Our programs Diversity & Equality 0 programs SDG 6 Clean water and sanitation Our programs 0 programs SDG 7 Affordable and clean energy Our programs 4 programs SDG 8 Decent work and economic growth Our operations contribute to the development of local communities providing safe and meaningful jobs. Our programs Community engagement Safe and meaningful workplace Diversity & Equality Ethical business conduct 0 programs SDG 9 Industry, Innovation and Infrastructure We invest significantly in research, development and innovation to solve our challenges and create new growth opportunities. Our programs 2 programs SDG 10 Reduced inequality Our programs Diversity & Equality Ethical business conduct 3 programs SDG 11 Sustainable cities and communities Our programs Community engagement Safe and meaningful workplace Ethical business conduct 8 programs SDG 12 Responsible consumption and production Salmon farming is one of the most efficient ways of using natural resources to produce a healthy protein: it has a low carbon footprint, high energy and protein retention efficiency and low water footprint. Our programs Freshwater use Waste Escapes Sea lice Fish health & welfare Sustainable feed Sustainability Certifications Plastics 2 programs SDG 13 Climate action Our programs Climate change Waste 7 programs SDG 14 Life below water Our business depends on a healthy ocean. We minimise our environmental impact by monitoring, applying best practices and following the strictest environmental standards available for aquaculture. Our programs Waste Escapes Sea lice Fish health & welfare Sustainable feed Sustainability Certifications Plastics 0 programs SDG 15 Life on land Our programs 0 programs SDG 16 Peace, justice and strong institutions Our programs 2 programs SDG 17 Partnerships for the goals Achieving a sustainable future will require concerted action and new forms of partnership. Our programs Sustainability Certifications Plastics About us Our seafood Sustainability Investors Careers News Contact Media Follow our social media Mowi Global Copyright 2026 © Mowi Cookie settings Privacy Policy We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent. Read moreCookie SettingsReject AllAccept AllManage consent Close Privacy Overview This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. 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SAVE & ACCEPT Powered by Commitments & Actions - Mowi Company Website Media Contact Search Mowi Global About us Go to About us Our Values Our History Our Strategy Global Presence Our Structure Mowi Feed Mowi R&D Our seafood Go to Our seafood Tasty & Nutritious Taste & Health Quality Food Safety Our Seafood Trading & Bulk Sales Value Added Products Brand Portfolio Product Innovation Traceability Salmon Farming Sustainability Go to Sustainability Commitments & Actions Our certifications ESG Library ASC Dashboard Investors Go to Investors Share and bond Reports Presentations Capital Markets Day Corporate governance Stock exchange filings Resources Careers Go to Careers Vacancies Working at Mowi News Media Contact Mowi Global Search Select Country or Region Mowi Global Active Asia Mowi China Mowi Japan Mowi Korea Mowi Taiwan Europe Mowi Belgium (FR) Mowi Belgium (NL) Mowi Czechia (CZ) Mowi Czechia (EN) Mowi Faroe Islands Mowi France Mowi Germany Mowi Ireland Mowi Italy Mowi Netherlands Mowi Norway Mowi Poland Mowi Scotland Mowi Spain Mowi Turkey Americas Mowi Canada East Mowi Canada West Mowi Chile Mowi USA You are going to open MOWI Global page Continue Home Sustainability Commitments & Actions Commitments & Actions Our Sustainability Strategy is centered around our guiding principles Planet and People and underpins commitments across our social and environmental performance through the value chain. Our commitments are set to make our business future-proof and are aligned with the UN Sustainable Development Goals. View programs by SDGs Our Sustainability Strategy is centered around our guiding principles Planet and People and underpins commitments across our social and environmental performance through the value chain. Our commitments are set to make our business future-proof and are aligned with the UN Sustainable Development Goals. View programs by SDGs People Planet Being part of the solution to global challenges Climate change Mowi commits to reduce absolute scope 1 and 2 GHG emissions 50.6% by 2030 from a 2019 base year Mowi commits to reduce absolute scope 3 GHG emissions 27.5% within the same timeframe Mowi commits to reduce absolute scope 3 FLAG GHG emissions 33.33% within the same timeframe Read more Plastics By 2030, 100% of our EU plastic packaging adhering to PPWR (Recyclability: recycling performance grade >70%; Recycled content: contact sensitive PET >30%; contact sensitivee other plastic >10%; other plastic packaging >35%) By 2030, all our Mowi plastic packaging branded products achieve a recyclability grade A or B (per EU definition) By 2030, 100% of farming plastic equipment (pens, feeding pipes and seawater grow-out nets) is reused or recycled Read more Eco-efficient value chain Freshwater use By 2030, 10% reduction on water intensity (m3/tonne of fish processed) at our processing plants located in high overall water risk* * Using reference year 2024. This base year applies as well to two sub-targets related with freshwater: By 2030, 10% reduction on water consumption and wastewater discharge intensity at processing plants located in high water risk   Read more Waste By 2030, zero solid waste to landfill from waste generated from Mowi’s direct operations (feed, freshwater farming and processing plants) By 2030, 100% of offcuts from our processing plants are upcycled to new products Read more In harmony with nature Escapes Zero escapes every year 100% of site personnel trained on Mowi’s Farming Excellence Program – Zero escapes Read more Sea lice 0% of sites above national limit (monthly average) Read more Fish health & welfare By 2030, 99.5% survival in sea (average month)* By 2030, 25% reduction of antibiotic use per tonne of production** Zero use of Critically Important Antimicrobials for Human Medicine in our operations (as categorized by WHO) BY 2030, 50% of our stock globally with real-time welfare monitoring Read more Sustainable feed 100% of feed raw materials are traceable 100% of marine raw materials are certified (Marine Trust, MSC or equivalent) 100% of soy and palm oil is certified (Proterra, RSPO or equivalent) By 2030, achieve an inclusion of 10-15% ingredients from emerging feed raw materials Towards lower FCR Towards lower carbon footprint of feed raw materials Read more Sustainability Certifications 100% of harvest volumes sustainably certified by a GSSI-recognised standard 100% of farming sites with restored seabed impact (as defined per national regulations), every production cycle Read more Community engagement Enhance our local community impact 100% of all complaints regarding local communities or First Nation are handled and followed up within defined timeline Read more Safe and meaningful workplace 100 % completion on Health and Safety training (defined groups of employees) Year on year reduction in LTI per million hours worked Absence < 4% 100% of incidents are investigated within defined timelines Read more Diversity & Equality Employee gender ratio of 50/50 by 2030 Management gender ratio of 70/30 between female/male by 2030 Read more Ethical business conduct No breach of human rights principles or policy identified 100% of all cases are investigated and handled in compliance with policy 100% of all white collars complete annual Code of Conduct training All business units complete human rights due diligence process 100% of suppliers should adhere to Mowi`s Code of Conduct Read more About us Our seafood Sustainability Investors Careers News Contact Media Follow our social media Mowi Global Copyright 2026 © Mowi Cookie settings Privacy Policy We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. 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CookieDurationDescription_cfuvidsessionDescription is currently not available.routesessionNo description available. SAVE & ACCEPT Powered by Last updated 08. September 2023 1. INTRODUCTION These general conditions for purchase of goods and services (“General Conditions”) shall, unless otherwise agreed in writing, apply to all Mowi’s (“Buyer”) purchasing of goods and services (“The Work”). The Work is an allincluding concept for Supplier’s (“Supplier”) obligations. 2. THE AGREEMENT 2. 1 Supplier’s quotation (“Offer”) is non-binding upon Buyer until accepted by a written purchase order (“PO”), issued by Buyer. 2. 2 The Offer or order confirmation, the PO and the General Conditions, constitute the entire agreement (“Agreement”) between the parties. General Conditions shall supersede any other general terms and conditions in connection with the specific purchase. 2. 3 In the event of conflict between provisions in the Agreement, the documents shall have the following priority: 1. The PO and its appendices 2. These General Conditions 3. The Offer and its appendices or order confirmation. 2. 4. The written PO shall specify type of goods and/or services, quantity, time and place of delivery and prices. If Supplier discovers errors in the PO, it shall notify Buyer and initiate corrective actions. Supplier shall refer to the PO in all correspondence with Buyer, by delivery and when invoicing. 2. 5 Supplier shall not commence The Work without a PO. If an emergency occurs, an e-mail or a requisition may be accepted prior to issuance of the PO. 3. DELIVERY 3. 1 Goods shall be delivered properly packed and marked, at the agreed place and time of delivery. 3. 2 Unless otherwise stated in the Agreement, The Work shall be delivered DDP at Buyer’s site in accordance with INCOTERMS, latest version. Supplier shall submit all required documents, incl. documents for export and import of goods, at place of delivery. 3. 3 Applicable documentation shall always be part of the delivery. All documentation connected to delivery shall be filed by Supplier and be available for at least 10 years after delivery. 3. 4 Title and risk for goods will be transferred on delivery. Goods shall be delivered free from liens and other encumbrances. 4. INVOICING AND PAYMENT 4. 1 Prices are fixed and not subject to escalation. Prices shall be given in the currency stated in the PO. All costs connected to The Work shall be included in the prices. Items which are not explicitly priced, are considered to be included in the stated prices. 4. 2 Buyer shall pay per 60 days after delivery of The Work and receipt of a correct and complete invoice. The contents of the invoice must match the contents of the PO. If this is not the case, Buyer`s purchaser shall be contacted. The invoice shall be sent in EHF- format, and refer to PO. 4. 3 Buyer has the right to return incorrect or incomplete invoices, including invoices with insufficient documentation. The credit period does not start to run before Buyer has received a correct and complete invoice. 4. 4 Buyer can make deductions and withhold from invoiced amounts for (I) claims members of Mowi Group may have towards Supplier and (II) parts of invoice amounts which Buyer has notified are inadequately documented or in any other way disputed. Payment of an invoice does not entail acceptance of what was delivered, prices or that Buyer waives any rights according to the Agreement. 4. 5 Invoices which are submitted later than 90 calendar days after the delivery or completion of The Work will not be paid. 5. INSURANCE Supplier shall at its own expense, enter into and maintain insurance policies covering the liability possibly incurred as a result of the Agreement. The insurances shall not cease before delivery has taken place. If requested, Supplier shall submit insurance policies to Buyer. 6. VARIATIONS 6. 1 Buyer is entitled to make variations to the Work. Such variations may include increase or reduction of The Work, character, quality, nature, design, execution and change of delivery time, provided that such variations are within what the parties could reasonably expect when entering into the Agreement. 6. 2 The variation shall be formalized by Buyer’s issuance of a variation order (VO). Supplier’s obligations under this Agreement apply to all variations to The Work. The price in the VO shall reflect the price level of the original PO. 6. 3 If Buyer instructs Supplier to perform work, which in the opinion of the Supplier is not part of its obligations under the Agreement and has an effect on price and/or delivery time, Supplier shall submit a variation order request (VOR) to Buyer without undue delay. A VOR shall be clearly identified as such, and include the causes for issuing the request, as well as the effects of the variation. Buyer shall respond to a VOR by issuing a VO or a disputed VO (DVO). If Supplier does not issue a VOR within the time limit as set out, it has thereby confirmed that the instruction does not increase price or change the delivery time. 6. 4 Supplier is obliged to implement a VO/DVO without undue delay even if the parties do not agree on whether there is a deviation or of its effect on price and/or delivery time. If the parties disagree on the VO`s/DVO’s impact on price, Buyer shall pay the amounts which are not disputed, as a provisional settlement. A VO/DVO which is due to Supplier shall not result in a change of price or delivery time in favor of the Supplier. 7. GUARANTEE LIABILITY AND DEFECTS 7. 1 Supplier guarantees that The Work is carried out in a professional way and according to the Agreement. Supplier guarantees that all goods and equipment, both used and delivered, satisfy professional standards and specifications, hereunder that all relevant industry standards are met. A condition covered by the guarantee shall be rectified free of charge within reasonable time. 7. 2 The guarantee period for goods is 24 months from the time the goods are taken into use for its intended purpose, but maximum 36 months from delivery. The guarantee period for services is 12 months from the time the services was rendered. 7. 3 The above guarantees are in addition to other guarantees or remedies that follow from applicable law. 7. 4 Should The Work have any defects, Supplier shall immediately, carry out the necessary rectification work, or redeliver, at no cost for Buyer. If Supplier does not remedy a defect or redeliver, immediately, Buyer, or such third party as Buyer may instruct, after having notified Supplier, can carry out the necessary rectification for account and risk of Supplier. 7. 5 If Supplier has performed rectification work or made a redelivery during the guarantee period, a new 24- or 12 month guarantee period shall apply for the rectified or redelivered parts of The Work, from the date of completion of the rectification work or redelivery date. 7. 6 The Buyer has the right to use his claim for defects directly against the Supplier’s contractual assistants to the same extent that the Supplier may assert the defect. The Supplier is obliged to secure this right through provisions in its own agreements. 8. DELAY 8. 1 A delay exists when agreed deadlines for contractual delivery are not met by the Supplier. If Supplier has reason to believe that the progress is deviating from the Agreement, it shall immediately notify Buyer in writing. Supplier shall provide information on the cause(s) of the delay, estimated duration of the delay, assumed impact on the progress plan and proposed actions to recover or limit the delay. Such notification does not exempt Supplier from his obligations. If Supplier’s remedial actions are not efficient, Buyer may demand Supplier to perform further remedial actions considered necessary. Supplier is responsible for the costs to recover and limit the delay. 8. 2 Upon a delay, Buyer is entitled to liquidated damages of 0,5 % of the price in the PO per calendar day commenced, limited to 30 % of the price. The Buyer is, however entitled to claim full compensation for loss. Buyer has the right to set off the damages/loss against any claim which Supplier may have against Buyer. 9. COMPENSATION LIABILITY In addition to other remedies in the Agreement, Buyer has the right to claim compensation according to applicable law. 10. TERMINATION 10. 1 Buyer is entitled to terminate the Agreement with immediate effect if Supplier commits a material breach of contract, after a written notification to Supplier. Buyer may also terminate the Agreement if a delay constitutes a material breach of contract. A delay of more than 60 calendar days will always be considered a material breach but does not imply a lower limit for the assessment of a material breach. 10. 2 The Buyer has the right to terminate the Agreement if it is clear that at material breach of the Agreement will occur (anticipated breach). 10. 3 Buyer may claim compensation for any claims, costs, damages and losses incurred by Buyer due to the material breach of Agreement by Supplier. 11. RETURN OF GOODS 11. 1 Unused delivered standard goods in new condition, may be returned by Buyer for credit, provided written request is received by Supplier within one year after the delivery date. 11. 2 Requests for return of goods must contain reference to original PO, description of goods and original date of delivery. The credit given will be the original price and will be issued immediately following Supplier’s receipt of the goods. 12. FORCE MAJEURE 12. 1 If an event occurs which (i) the parties could not reasonably foresee when entering into the Agreement, (ii) lie outside their control, (iii) have effects the parties cannot reasonably avoid or overcome, and (iv) which prevents delivery or completion of the Work, the parties are temporarily released from fulfilling the Agreement. 12. 2 The party who wishes to plead force majeure must notify the other party in writing without undue delay. Moreover, written notification must be given when the force majeure situation has ceased and the parties’ obligations according to the Agreement shall be resumed. 12. 3 The parties have a right to terminate the Agreement in writing with immediate effect, if the force majeure situation lasts more than 60 calendar days. The parties bear their own costs due to force majeure, and force majeure does not give the right to an adjustment of remuneration. 13. APPLICABLE LAWS, APPROVALS ETC. 13. 1 Supplier undertakes to keep itself informed of and comply with laws, regulations, classification rules, professional standards and practices in all matters applicable to the Agreement. Supplier shall obtain and maintain approvals and permissions which are necessary for fulfilling the Agreement. Hereunder amongst other laws, rules and regulations relating to anti-bribery and anti-money laundering. (“Anti-Corruption Laws”), requirements for safeguarding human rights and working conditions (“Openness laws”, etc. ) 13. 2 Supplier confirms that it has read, understood and will comply with Mowi's Code of Conduct. The Code can be downloaded at: MOWI - Code of Conduct 13. 3 Supplier must maintain and keep all necessary information to be able to document these obligations and shall, upon request, document compliance with these obligations. Supplier shall, at no cost to Buyer, present the necessary documentation in connection with the Buyer’s audit or control of compliance by any public authority or other control body. 13. 4 Supplier undertakes to ensure that contract assistants comply with the requirements of clauses 13, 14, 15 and 19. Such compliance shall upon request be documented. 14. MINIMUM WAGE & WORKING CONDITIONS 14. 1 Supplier shall ensure that its employees’ wages and working conditions are satisfactory according to laws, regulations and normally accepted industry standards. 14. 2 All agreements entered into between Supplier and its sub suppliers, shall contain an equivalent provision as the one above. 15. QUALITY, ENVIRONMENT, HEALTH AND SAFETY Supplier shall satisfy all relevant obligations for quality, environment, health and safety (QEHS). Buyer has an objective of zero lost time injuries, and Supplier shall have the same as its objective. Undesirable conditions and incidents related to The Work, shall be reported in writing by Supplier to Buyer without undue delay. Supplier shall always be environment conscious and shall inform Buyer of material environmental effects related to The Work. Management systems for quality and for environment, in accordance with ISO 9001 and ISO 14001 or equivalent, shall be implemented and updated by Supplier. 16. PUBLICITY If Supplier wants to publish information concerning the Agreement, it shall develop the contents of the external communication in close co-operation with Buyer`s Communications Department. Buyer`s Communications Department shall always approve the final statement/press release. 17. IPR 17. 1 All data, records, reports, information, configuration, pictures, etc. delivered by and/or collected on behalf of Mowi pursuant to this Agreement or in any other way obtained from Mowi, shall be the sole property of Mowi. This includes all data and information generated, produced, registered or stored at units owned or operated by Mowi. Such data and information can be in the form of sensor data, databases, audio, video, images, forms, spreadsheets, paper logbooks, etc. 17. 2 Supplier agrees to take all necessary actions to protect Mowi’s ownership rights, and declares that no data in any circumstances will be used by the Supplier, transferred or disclosed to any third party unless such use, transfer or disclosure is approved in writing in advanced by Mowi. Further, the Supplier is not entitled to sell any product or system containing data or information owned by Mowi, unless prior written approval from Mowi is obtained. Similar applies for products or systems that has been designed, developed or tested based on information delivered, collected or generated by, or on behalf of Mowi. 18. AUDIT 18. 1 Buyer has the right to perform audit of Supplier and its sub suppliers with a two-week written notice. This right applies to all matters relevant for the Agreement. 18. 2 Supplier shall cooperate with Buyer to accomplish such audit. Buyer shall have access to all relevant documentation relevant for the Agreement. If the audit reveals nonconformities, Supplier shall correct these 19. CONFIDENTIALITY All information which the parties exchange shall be kept confidential. The parties shall not disclose information in connection with the Agreement without the other party’s written approval. The parties may use or transfer information to others to the extent necessary for fulfilling the Agreement or required by law. 20. CHOICE OF LAW AND DISPUTES 20. 1 The Agreement shall be subject to and interpreted in accordance with Norwegian law. 20. 2 The parties shall seek to achieve an amicable settlement for disputes which may arise in connection with the Agreement. If an amicable settlement is not reached, disputes shall be settled in an ordinary court process with Hordaland District Court as the legal venue. Until the dispute is settled, Supplier shall continue to fulfill the Agreement. Terms and Conditions in PDF Food from the ocean is key to provide nutritious food with a smaller climate footprint than land-based food production. It is a triple win: for People, for the Planet and the Economy. Our big goal is to unlock the potential of the ocean to produce more food for a growing world population in a way that respects our planet and allows local communities to flourish while offering consumers products that are tasty, healthy and of the highest quality. Independent third-party sustainability and food safety certification of our operations according to science-based, rigorous and robust certification schemes, is key to achieving our goal. View 2023 Certification Table (PDF, 184 KB) Global Seafood Sustainability Initiative Mowi’s Certifications Policy (link) states that 100% of our annual harvested salmon volume, i. e. all Mowi farming units – freshwater and seawater farms – must be certified according to sustainability standards recognised by the Global Seafood Sustainability Initiative (GSSI): ASC, GSA BAP and/or GLOBALG. A. P. GSSI works in close partnership with the Food and Agriculture Organization of the United Nations (FAO), and its member states, since its inception to operationalise and champion internationally agreed guidelines and instruments in the seafood sector. It is therefore a recognised body that has developed a global benchmark tool to provide a formal recognition of seafood certification schemes that successfully complete a rigorous and transparent benchmark process, underpinned by the FAO Guidelines. Standards are evolving and changing over time, therefore it is important the work of GSSI which benchmarks the different standards. Global Food Safety Initiative Mowi’s Certifications Policy also states that all our primary and secondary processing plants must be certified according to a food safety standard recognised by the Global Food Safety Initiative (GFSI), such as IFS, BRC, SQF, FSSC, ISO 22000, GAA BAP processing standard). GFSI aims to improve food safety and business efficiency. GFSI’s work in benchmarking and harmonisation fosters mutual acceptance of GFSI-recognised certification programmes across the industry and enables a simplified “once certified, recognised everywhere” approach. This reduces inefficiencies from duplication of audits and helps reduce trade barriers. The GFSI Benchmarking process is now the most-widely recognised in the food industry worldwide. The Benchmarking Requirements are based on internationally-recognised standards such as ISO and Codex Alimentarius. They form a shared and widely-accepted understanding of what constitutes a robust food safety certification programme. FSSC 22000 M-394 Eggesbønes (PDF, 610 KB) FSSC 22000 N-1115 Herøy (PDF, 102 KB) FSSC 22000 R-110 Ryfisk (PDF, 705 KB) FSSC 22000 ST-400 Jøsnøya (PDF, 1. 5 MB) The Aquaculture Stewardship Council The Aquaculture Stewardship Council (ASC), an independent not-for-profit organisation that aims to be the world's leading certification and labelling programme for responsibly farmed seafood. The ASC's primary role is to manage the global standards for responsible aquaculture, which were developed by the WWF Aquaculture Dialogues. The ASC works with all stakeholders involved in aquaculture to: Recognise and reward responsible aquaculture through the ASC certification programme and seafood label Promote best environmental and social choice when buying seafood Contribute to transforming seafood markets towards sustainability Mowi continues to be a leader on ASC certification, having by the end of 2021 a total of 133 farming sites certified worldwide. This represents 50% of all our farming sites and accounts for 33% of all the ASC certified Atlantic salmon sites worldwide, reaffirming that we are the leading producer of ASC certified farm-raised salmon. The previous limitation from the ASC standard to certify farms using smolts originating from freshwater lochs has been lifted and therefore we are rolling out ASC certification of our Scottish salmon farms as well. We continue our ASC certification efforts in order to deliver ASC certified salmon to clients who have selected this certification scheme; all our MOWI Pure salmon is and will continue to be ASC certified. ASC CoC Mowi Markets Norway (PDF, 156 KB) ASC CoC N-1115 Herøy (PDF, 463 KB) ASC CoC R-110 Ryfisk (PDF, 152 KB) ASC CoC ST-400 Jøsnøya (PDF, 168 KB) ASC CoC M-394 Eggesbønes (PDF, 205 KB) See full ASC Reporting GLOBAL G. A. P. GLOBALG. A. P. is a brand of smart farm assurance solutions developed by FoodPLUS GmbH in Cologne, Germany, with cooperation from producers, retailers, and other stakeholders from across the food industry. These solutions include a range of standards for safe, socially and environmentally responsible farming practices. The most widely used GLOBALG. A. P. standard is Integrated Farm Assurance (IFA), applicable for fruit and vegetables, aquaculture, floriculture, livestock, and more. GLOBALG. A. P. covers the entire production chain from feed to fork, and to have a certified product, all the different parts of the value chain need to be GLOBALG. A. P. certified. The GLOBALG. A. P. Aquaculture Standard sets strict criteria for: Legal compliance Food safety Workers’ occupational health, safety and welfare Animal welfare Environmental and ecological care Global GAP Mowi ASA (PDF, 295 KB) Global GAP Mowi Seawater (PDF, 512 KB) Global GAP CoC Mowi Markets Norway (PDF, 283 KB) GSA BAP The Global Seafood Alliance (GSA) is an international, nonprofit trade association dedicated to advancing responsible seafood practices through education, advocacy and third-party assurances. As part of the GSA, Best Aquaculture Practices (BAP) ensures aquaculture is done responsibly through its third-party certification programme. Each step in the production chain – hatcheries, feed mills, farms and processing plants – can be BAP certified. The BAP standards set criteria for: Food safety Environmental responsibility Social accountability Animal health and welfare View 2023 Certification Table Alle faste ansatte i Mowi i Norge, Canada og Skottland tilbys nå å kjøpe aksjer med en rabatt. For å benytte deg av tilbudet må du tegne deg for aksjer i tidsrommet 5. november kl. 08 til 19. november 2025 kl. 23. 59. Det er en forutsetning at du har VPS-konto før du tegner. Tilbudet omfatter alle faste ansatte i Mowi ASA og dets norske, kanadiske og skotske datterselskaper. Tilbudet gjelder ikke for ansatte som har sagt opp sitt arbeidsforhold. Klikk her for kjøp av ansatteaksjer. The board of directors of Mowi ASA has resolved to offer all permanent employees of Mowi ASA and its Norwegian, Canadian and Scottish subsidiaries the opportunity to purchase shares in Mowi ASA. The Mowi shares are registered in the Norwegian Registry of Securities (VPS) and everyone who wants to accept this offer must have a VPS securities account. The subscription period is from 5 November 08:00 CET until 19 November 2025 at 23:59 CET. The offer is open to all permanent employees in Mowi ASA and its Norwegian, Scottish and Canadian subsidiaries. The offer is not open to employees who have tendered their resignation. Click here to purchase shares. Mowi endorses transparency and as part of our Aquaculture Stewardship Council (ASC) certification, we are making certain information publicly available. Full ASC assessment reports and certificates of our sites can be found here. Click on the name of the location to see the latest local ASC-report. Locations without links will be updates with reports shortly. Our Irish ASC Dashboard can be found here! Previously published ASC documents can be requested by sending an email to media@mowi. com. You can find information about our lice counting on the BarentsWatch website. Visible only to administrators. Edit this content. Email The members of the nomination committee of Mowi ASA are: Anne Lise E. Gryte (Chair, independent) Ann Kristin Brautaset Peder Weidemann Egseth (independent) Further reading: Instructions nomination committee If you have input or queries to the Nomination Committee, please contact Anne Lise E. Gryte by email or phone. E-mail: aleg@wiersholm. no Mobil: +47 924 52 141 Mowi is made up of individuals with different backgrounds, nationalities, cultures and customs. Our conduct – what we do and say each day – determines our ability to succeed, together as an organization. The Code of Conduct sets standards of behavior which we can expect from one another, and which external parties can expect from us. Mowi Code of Conduct (English) Mowi Code of Conduct (Norwegian) Mowi Code of Conduct (Polish) Mowi Code of Conduct (Spanish) Mowi Code of Conduct (French) Mowi Code of Conduct (Dutch) Mowi Code of Conduct (Italian) The Code of Conduct applies to all employees worldwide. For the listed holding company, Mowi ASA, separate but complementary rules exist related to Norwegian law and rules for corporate governance. The IR, dividend and shareholder policies of Mowi reflect our commitment to constructing a framework that delivers transparency, equal treatment of shareholders and an attractive return for investors. All of which are key elements in enhancing the company’s credibility and reputation in the financial community. 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CookieDurationDescription_cfuvidsessionDescription is currently not available.routesessionNo description available. SAVE & ACCEPT Powered by Mowi conducts a quarterly analysis of shareholders registered at nominee accounts. The below list of underlying shareholders reflects the outcome of such analysis. Updated as of 27 February 2026. In addition, a full beneficial owner list has been provided to ensure compliance with reporting requirements. The list is as of 27 February 2026. Mowi beneficial owner list 27 Feb 2026 Dividend policy Mowi’s ambition is to create long-term value for the shareholder through both positive share price development and a growing dividend in line with long-term earnings. Quarterly ordinary dividend shall under normal circumstances be at least 50% of underlying earnings per share (EPS). Excess capital will be paid out as extraordinary dividends. When deciding excess capital the Board of Directors will take into consideration expected cash flow, capital expenditure plans, financing requirements and appropriate financial flexibility. Further to this a long-term target level for net interest-bearing debt is determined, reviewed and updated on a regular basis. Shareholder returns are distributed primarily as cash dividends with the option of using share buybacks as a complementary supplement on an ad-hoc basis. Dividend details YEAR CASH DIVIDEND PROP. DATE APPR. DATE EX. DATE PAYM. DATE CASH DIVIDEND (USD)(2) PAYM. DATE (ADR) 2026 NOK 2. 30 (5) 12. 05. 26 12. 05. 26 22. 05. 26 02. 06. 26 USD 0. 25 09. 06. 26 2025 NOK 1. 50 (5) 10. 02. 26 10. 02. 26 20. 02. 26 02. 03. 26 USD 0. 16 09. 03. 26 2025 NOK 1. 50 (5) 04. 11. 25 04. 11. 25 14. 11. 25 24. 11. 25 USD 0. 15 01. 12. 25 2025 NOK 1. 45 (5) 19. 08. 25 19. 08. 25 29. 08. 25 08. 09. 25 USD 0. 14 15. 09. 25 2025 NOK 1. 70 (5) 13. 05. 25 13. 05. 25 23. 05. 25 03. 06. 25 USD 0. 17 10. 06. 25 2024 NOK 2. 00 (5) 11. 02. 25 11. 02. 25 21. 02. 25 03. 03. 25 USD 0. 18 10. 03. 25 2024 NOK 1. 50 (5) 05. 11. 24 05. 11. 24 15. 11. 24 25. 11. 24 USD 0. 13 02. 12. 24 2024 NOK 1. 70 (5) 20. 08. 24 20. 08. 24 30. 08. 24 09. 09. 24 USD 0. 16 16. 09. 24 2024 NOK 1. 50 (5) 07. 05. 24 07. 05. 24 16. 05. 24 28. 05. 24 USD 0. 14 04. 06. 24 2023 NOK 1. 90 (5) 13. 02. 24 13. 02. 24 23. 02. 24 04. 03. 24 USD 0. 18 11. 03. 24 2023 NOK 1. 50 (5) 07. 11. 23 07. 11. 23 17. 11. 23 27. 11. 23 USD 0. 14 04. 12. 23 2023 NOK 2. 00 (5) 22. 08. 23 22. 08. 23 01. 09. 23 11. 09. 23 USD 0. 19 18. 09. 23 2023 NOK 2. 00 (5) 09. 05. 23 09. 05. 23 19. 05. 23 30. 05. 23 USD 0. 18 06. 06. 23 2023 NOK 1. 70 (5) 14. 02. 23 14. 02. 23 24. 02. 23 06. 03. 23 USD 0. 16 13. 03. 23 2022 NOK 1. 70 (5) 08. 11. 22 08. 11. 22 18. 11. 22 28. 11. 22 USD 0. 17 05. 12. 22 2022 NOK 2. 30 (5) 23. 08. 22 23. 08. 22 02. 09. 22 12. 09. 22 USD 0. 23 19. 09. 22 2022 NOK 1. 95 (6) 10. 05. 22 10. 05. 22 20. 05. 22 31. 05. 22 USD 0. 21 07. 06. 22 2022 NOK 1. 40 (6) 15. 02. 22 15. 02. 22 25. 02. 22 07. 03. 22 USD 0. 15 14. 03. 22 2021 NOK 1. 40 (6) 09. 11. 21 09. 11. 21 19. 11. 21 29. 11. 21 USD 0. 15 06. 12. 21 2021 NOK 1. 96 (6) 24. 08. 21 24. 08. 21 03. 09. 21 13. 09. 21 USD 0. 23 20. 09. 21 2021 NOK 0. 77 (5) 18. 05. 21 18. 05. 21 28. 05. 21 07. 06. 21 USD 0. 09 14. 06. 21 2021 NOK 0. 32 (5) 16. 02. 21 16. 02. 21 26. 02. 21 08. 03. 21 USD 0. 04 15. 03. 21 2020 NOK 2. 60 (5) 11. 02. 20 11. 02. 20 21. 02. 20 02. 03. 20 USD 0. 27 09. 03. 20 2019 NOK 2. 60 (5) 29. 10. 19 29. 10. 19 08. 11. 19 18. 11. 19 USD 0. 28 25. 11. 19 2019 NOK 2. 60 (5) 20. 08. 19 20. 08. 19 30. 08. 19 09. 09. 19 USD 0. 29 19. 09. 19 2019 NOK 2. 60 (5) 06. 05. 19 06. 05. 19 16. 05. 19 27. 05. 19 USD 0. 30 03. 06. 19 2019 NOK 2. 60 (5) 12. 02. 19 12. 02. 19 22. 02. 19 04. 03. 19 USD 0. 30 11. 03. 19 2018 NOK 2. 60 (5) 30. 10. 18 30. 10. 18 09. 11. 18 19. 11. 18 USD 0. 31 26. 11. 18 2018 NOK 2. 60 (5) 21. 08. 18 21. 08. 18 31. 08. 18 10. 09. 18 USD 0. 31 17. 09. 18 2018 NOK 2. 60 (5) 08. 05. 18 08. 05. 18 18. 05. 18 29. 05. 18 USD 0. 31 05. 06. 18 2018 NOK 2. 60 (5) 13. 02. 18 13. 02. 18 23. 02. 18 05. 03. 18 USD 0. 33 12. 03. 18 2017 NOK 3. 40 (4) 31. 10. 17 31. 10. 17 10. 11. 17 15. 11. 17 USD 0. 41 22. 11. 17 2017 NOK 3. 20 (4) 23. 08. 17 23. 08. 17 01. 09. 17 06. 09. 17 USD 0. 41 13. 09. 17 2017 NOK 3. 00 (4) 09. 05. 17 01. 06. 17 02. 06. 17 08. 06. 17 USD 0. 35 15. 06. 17 2017 NOK 2. 80 (4) 14. 02. 17 14. 02. 17 24. 02. 17 01. 03. 17 USD 0. 33 08. 03. 17 2016 NOK 2. 30 (4) 01. 11. 16 01. 11. 16 11. 11. 16 16. 11. 16 USD 0. 27 23. 11. 16 2016 NOK 3. 20 (4) 17. 08. 16 17. 08. 16 26. 08. 16 31. 08. 16 USD 0. 38 07. 09. 16 2016 NOK 1. 70 (4) 10. 05. 16 10. 05. 16 20. 05. 16 25. 05. 16 USD 0. 20 01. 06. 16 2016 NOK 1. 40 (4) 16. 02. 16 16. 02. 16 26. 02. 16 02. 03. 16 USD 0. 16 09. 03. 16 2015 NOK 1. 40 (4) 27. 10. 15 27. 10. 15 06. 11. 15 11. 11. 15 USD 0. 16 18. 11. 15 2015 NOK 1. 30 (4) 11. 08. 15 11. 08. 15 21. 08. 15 26. 08. 15 USD 0. 15 02. 09. 15 2015 NOK 1. 30 (4) 28. 04. 15 28. 04. 15 27. 05. 15 01. 06. 15 USD 0. 16 08. 06. 15 2015 NOK 1. 20 (4) 03. 02. 15 03. 02. 15 18. 02. 15 24. 02. 15 USD 0. 16 03. 03. 15 2014 NOK 1. 10 (4) 21. 10. 14 21. 10. 14 31. 10. 14 06. 11. 14 USD 0. 16 13. 11. 14 2014 NOK 1. 00 26. 08. 14 26. 08. 14 04. 09. 14 15. 09. 14 USD 0. 16 22. 09. 14 2014 NOK 5. 00 30. 04. 14 22. 05. 14 23. 05. 14 04. 06. 14 USD 0. 83 11. 06. 14 2014 NOK 1. 20 05. 02. 14 04. 02. 14 19. 02. 14 28. 02. 14 USD 0. 20 07. 03. 14 2013 NOK 0. 75 (1) 23. 10. 13 15. 11. 13 18. 11. 13 27. 11. 13 USD 0. 12 (1) N/a 2013 NOK 0. 50 (1) 21. 08. 13 16. 09. 13 17. 09. 13 26. 09. 13 USD 0. 08 (1) N/a 2013 NOK 1. 00 (1) 19. 04. 13 23. 05. 13 24. 05. 13 04. 06. 13 USD 0. 17 (1) N/a 2011 NOK 8. 00 (1) 18. 04. 11 09. 05. 11 10. 05. 11 20. 05. 11 USD 1. 45 (1) N/a 2010 NOK 0. 50 (1) 03. 11. 10 07. 12. 10 08. 12. 10 17. 12. 10 USD 0. 08 (1) N/a 2010 NOK 2. 00 (1) 21. 07. 10 23. 08. 10 24. 08. 10 02. 09. 10 USD 0. 32 (1) N/a 2010 NOK 3. 50 (1) 05. 05. 10 27. 05. 10 10. 06. 10 22. 06. 10 USD 0. 54 (1) N/a 2009 N/a N/a N/a N/a N/a N/a N/a 2008 N/a N/a N/a N/a N/a N/a N/a 2007 NOK 0. 95 (1)(3) 15. 11. 07 29. 11. 07 30. 11. 07 21. 12. 07 USD 0. 17 (1) N/a (1) Dividend is adjusted for reverse split of share 21-Jan-2014 (10 shares converted to 1). (2) Marine Harvest listed at the New York Stock Exchange 28-Jan-2014, dividend before this date is converted into USD using the closing rate for the payment date. The amounts have been rounded to the nearest two decimal points. (3) The dividend was made payable by way of distribution of shares in Lighthouse Caledonia ASA. (4) Distributed in the form of a repayment of paid-in capital. (5) Ordinary dividend. (6) Distributed as ordinary dividend and extraordinary dividend combined in a single payment. ISIN Code for Mowi ASA: ISIN NO 000 3054108DnB www. dnb. no Contact person: Freddy Hermansen Manager Client Relations Phone: 47 23 26 83 90 E-mail: freddy. hermansen@dnb. no An ADR (American Depositary Receipt) is a negotiable certificate issued by a depositary bank representing a specific number of shares of a non-U. S. company traded on a US stock exchange. An ADS (American Depositary Share) is the share issued under the ADR agreement which is actually traded. Investors are in a position to hold Mowi ASA ordinary shares through an American Depositary Receipt (ADR) program. Benefits of ADRs to US investors: ADRs give access to cross-border market liquidity ADRs are a cost effective way to hold international securities ADRs are convenient for US investors because they are quoted in US dollars Also, the dividends, if any, are paid to investors in US dollars. ADRs were specifically designed to facilitate the purchase, holding and sale of non-US securities by US investors. Mowi’s ADSs are traded on the Over-The-Counter market under the ticker symbol MHGVY. Each Mowi ADS represents the right to receive one ordinary share and are evidenced by an ADR Mowi ADRs can be issued and cancelled through Citibank N. A. , Mowi’s Depositary Bank Ticker MHGVY Trading platform OTC US ADR : ordinary share ratio 1:1 SEDOL BJBQ269 US ADR ISIN US56824R2058 Depositary Bank Citibank, N. A. ADR administration If you have any questions about your ADR holding, or if you require any other assistance (eg, to notify a change of address, canceling or transferring ADR certificates, problems relating to lost, destroyed or stolen receipts or to give dividend instructions to a bank account), please contact Citi's Shareholder Services on Citibank@shareholders-online. com. Further shareholder services contact details regarding Mowi ASA’s ADR programme: Broker Contacts at Citibank N. A. : New York: +1 212 723 5435 London: +44 (0) 207 500 2030 E-mail: citiadr@citi. com Citibank Shareholder Services P. O. Box 43077 Providence, Rhode Island 02940-3077 USA Tel: 1-877-CITI-ADR (toll free) Tel: 1-781-575-4555 (outside US) Fax 1-201-324-3284 E-mail at: Citibank@shareholders-online. com Analysts who regularly follow Mowi ASA Company Analyst Phone Enamel ABG Sundal Collier Martin Kaland +47 22 01 60 67 martin. kaland@abgsc. no ABG Sundal Collier Oliver Dunvold +47 22 01 61 36 oliver. dunvold@abgsc. no Arctic Securities Christian Olsen Nordby +47 90 72 08 77 christian. nordby@arctic. com Arctic Securities Kristoffer Haugland +47 40 10 24 18 Kristoffer. Haugland@arctic. com Bank of America John Campbell +44 207 995 0634 jcampbell24@bofa. com Barclays Setu Sharda +91 22 6175 1934 setu. sharda@barclays. com Barclays Alexander Sloane +44 203 555 0645 alexander. sloane@barclays. com Berenberg Andrés Castaños-Mollor +44 203 753 3218 andres. castanos-mollor@berenberg. com Danske Bank Wilhelm Hagen Røe +47 47 30 44 95 wire@danskebank. com DnB Markets Alexander Aukner +47 24 16 90 79 alexander. aukner@dnb. no DnB Markets Ola Trovatn +47 98 22 35 12 ola. trovatn@dnb. no EQUITA SIM Gianmarco Bonacina +39 02 620 4368 g. bonacina@equita. eu Exane BNP Paribas Mikheil Omanadze +44 203 430 8616 mikheil. omanadze@exanebnpparibas. com Exane BNP Paribas Jeff Stent +44 207 039 9469 jeff. stent@exanebnpparibas. com Fearnley Securities AS Theodor Rosenberg +47 92 07 80 68 t. rosenberg@fearnleys. com Handelsbanken Markets Erik Cederberg +46 730 74 97 72 erik. cederberg@handelsbanken. se Kepler Cheuvreux Niklas Vilnes Helgheim +47 23 13 90 69 nhelgheim@keplercheuvreux. com Nordea Markets Herman Aleksander Dahl +47 913 34 563 herman. aleksander. dahl@nordea. com Pareto Securities Henrik Knutsen +47 24 13 39 02 henrik. knutsen@paretosec. com Pareto Securities Øyvind Vangsnes +47 oyvind. vangsnes@paretosec. com Skandinaviska Enskilda Banken Sander Lie +47 47 64 88 22 sander. lie@seb. no Sparebank 1 Markets Knut Ivar Bakken +47 92 60 35 62 knut-ivar. bakken@sb1markets. no Please note that the analysts' views, estimates and recommendations are their own and do not necessarily reflect the views of Mowi. Credit Rating Mowi ASA is assigned a BBB+ credit rating with a Stable outlook by NCR See NCR's latest reporting on Mowi here Impact Reports Download Mowi Green Financing Impact Report March 2025 Download Mowi Green Financing Impact Report 2023 Download Mowi Green Bond Impact Report 2022 Download Mowi Green Bond Impact Report 2021 Download Mowi Green Bond Impact Report 2020 Green Financing Framework Publication date: May 2026 Download Green Financing Framework Download Second Opinion (S&P Global Ratings) 21 May 2026 Green and Sustainability-Linked Financing Framework Publication date: May 2023 Download Green and Sustainability-Linked Financing Framework Download Second Opinion (CICERO) 3 May 2023 NOK 2. 5bn Green Bond Issue date: 3 May 2024 Maturity date: 3 May 2029 ISIN: NO0013220897 Coupon: 3-month NIBOR + 1. 13% payable quarterly in arrears Download Base Prospectus Download Final Terms NOK 3. 5bn Green Bond Issue date: 5 December 2025 Maturity date: 5 December 2030 ISIN: NO0013699033 Coupon: 3-month NIBOR + 1. 10% payable quarterly in arrears Download Base Prospectus Download Final Terms NOK 1bn Green Bond Issue date: 5 December 2025 Maturity date: 5 December 2030 ISIN: NO0013699041 Coupon: 4. 95% fixed, payable annually in arrears Download Base Prospectus Download Final Terms NOK 2bn Green Bond Issue date: 3 June 2026 Maturity date: 3 June 2031 ISIN: NO0013754457 Coupon: 3-month NIBOR + 1. 10% payable quarterly in arrears Download Base Prospectus Download Final Terms NOK 700m Green Bond Issue date: 3 June 2026 Maturity date: 3 June 2031 ISIN: NO0013754465 Coupon: 5. 524% fixed, payable annually in arrears Download Base Prospectus Download Final Terms NOK 1bn Green Bond Issue date: 3 May 2024 Maturity date: 3 May 2032 ISIN: NO0013220905 Coupon: 5. 407% fixed, payable annually in arrears Download Base Prospectus Download Final Terms Please see here for mandatory notifications of trade. Here you can find all our Mowi policies. Every single one of our 11,500 employees has a hand in us achieving our plan to Lead the Blue Revolution. We are always looking for ambitious, forward-thinking people who want to help us drive change, develop tomorrow’s technologies and safeguard the planet for future generations. Browse our huge range of worldwide opportunities below. Our job listings are regularly updated so if there’s nothing there for you today it’s worth checking back soon. Last amended 25 March 2025. § 1 The name of the company is Mowi ASA. The company is a public limited company. § 2 The registered office of the company shall be in Bergen municipality. § 3 The object of the company is production, refinement, sale and distribution of seafood and goods used in seafood production, either directly or through participation in other companies and hereto-related activities. § 4 The share capital is NOK 3,954,679,470 divided into 527,290,596 shares at a nominal value of NOK 7. 5 each. § 5 The board of directors shall consist of 6 to 12 members. The board members shall be elected for a period of two years. The chairman and the vice chairman of the board shall be elected by the shareholders’ meeting. § 6 The company shall have a nominating committee consisting of three members which shall be elected by the shareholders’ meeting. The Chairman of the nomination committee shall be elected by the shareholders’ meeting. The nominating committee shall be elected for a period of two years. The nominating committee shall submit its recommendations to the shareholders’ meeting. The nominating committee’s recommendation shall also include recommendations regarding remuneration to the members of the board. The shareholders’ meeting may resolve directives for the nominating committee’s work. § 7 Power of signature for the company is exercised jointly by the company's CEO and one of the Board members, or by two Board members jointly. The board may grant power of procuration. § 8 The agenda of an ordinary shareholders’ meeting shall include: The board’s annual report. Approval of financial statement and balance sheet. Allocation of profit or coverage of deficit in accordance with the declared dividend and balance sheet. Other matters which according to law or the company’s articles of association shall be decided by the shareholders’ meeting and are mentioned in the summons. Shareholders may cast their votes in writing prior to the Company's general meetings. Such votes can also be cast by use of electronic communication. The permission to cast an advance vote requires the presence of an adequate method for authenticating the sender. The board determines whether an adequate method is present prior to each general meeting. The board may adopt more detailed guidelines for advance voting. It must be stated in the notice of each general meeting whether advance voting is permitted and which guidelines, if any, are resolved for such voting. § 9 When documents concerning matters to be discussed at the general meeting are made available to the shareholders on the Company’s website, the requirement in the Public Companies Act that such documents shall be sent to the shareholders shall not apply. This also applies to documents which, according to law, shall be included or enclosed to the notice of the general meeting. A shareholder may nonetheless request hard copies of such documents to be sent to him or her. The Company cannot claim any form of compensation for sending the documents to the shareholders. § 10 The provisions of the Companies Act, as they may from time to time be amended, shall apply. Mowi ASA (“Mowi” or the “Company”) considers good corporate governance a prerequisite for generating shareholder value, as well as achieving a low cost of capital and merit investor confidence. Mowi strives to ensure that its internal control mechanisms and management structures comply with generally accepted principles for good corporate governance. Mowi follows the Norwegian Code of Practice for Corporate Governance (the “Norwegian Code”). A full description of the Norwegian Code is available from the Oslo Stock Exchange’s website (oslobors. no). The following sections explain how Mowi has addressed the various 15 issues covered by the Norwegian Code. Mowi has reviewed our reporting on Corporate Governance based on the latest Code of Practice (17 October 2018). The company is fully compliant to the Norwegian Code, with the exception of section 14 regarding lack of explicit guidelines for dealing with takeover bids. Implementation and Reporting of Corporate Governance Principles The Board of Directors of Mowi (the “Board”) is aware of its responsibility for the development and implementation of internal procedures and regulations to ensure that the Company and its subsidiaries (together, the “Group”) complies with applicable principles for good corporate governance. The Board reviews the overall position of the Group in relation to such principles annually, and reports thereon in the Company’s annual report in accordance with the requirements for listed companies and the Norwegian Code. The Board has defined the Group’s overall vision as “Leading the Blue Revolution”. Closely linked to the vision are the Group’s global values “Passion”, “Change”, “Trust” and “Share”. Passion for the company and the product: passion is the key to our success and how we make a difference. Change is the new “normal”: we are ready for change and work continuously to improve our operations. Trust is essential in everything we do: our operations provide safe, delicious and healthy food, and we deliver on our promises. Share is the foundation for the performance of our over 14 000 employees: We share knowledge and experience, we are open and transparent, and we cooperate with key stakeholders globally. Mowi’s leadership principles were put in place to strengthen the link between individual management actions and our vision. Our leadership principles are: Inspire people: we recruit the very best and build talent for the future. We strive to create winning teams and challenge people to succeed. Make it happen: we challenge existing thinking and promote change and innovation. We encourage people to propose solutions and learn from mistakes. Live the values: we want our leaders to be role models and build our culture; leaders should show direction and engage with stakeholders. Think and act: we want our leaders to think and act as if the company was their own. Leaders should do what is best for the company, bearing in mind short and long-term goals. The Group is made up of individuals with different backgrounds, nationalities, cultures and customs. Their conduct - what each and every employee does and says each day - determines the Group’s ability to succeed as an organisation. The Code of Conduct sets standards for behaviour that can be expected between colleagues, and that external parties can expect from employees of the Group. The Code of Conduct was updated in 2018. It has been communicated to employees, and it is expected that all employees make a personal commitment to abide by the Code of Conduct. Testing of each employee’s understanding has been, and will continue to be, carried out regularly. The most recent test was performed in 2018. The Code of Conduct is available at Mowi. com. Our four guiding principles underpin our vision and guide our behaviour in a balanced way. Growth must be sustainable from an environmental, social and financial perspective. We need good financial results to drive the sustainable development of our operations. This interdependency is the foundation for our four important guiding principles: “Profit”, “Planet”, “Product” and “People”. Profit: our profits hinge on our ability to provide customer value from healthy, tasty and nutritious seafood that is raised cost-effectively and in an environmentally sustainable way that maintains the aquatic environment and respects the needs of the wider society. Planet: our operations and long-term profitability ultimately depend on sustainable and environmentally responsible interactions with the natural environment. We rely on qualified personnel to maintain fish health, avoid escapes and minimise the environmental impact of our operations. Product: we aim to continually deliver healthy, tasty and responsibly-produced seafood to our customers to deliver long-term financial profitability. People: the safety, self-respect and personal pride of our employees cannot be compromised if Mowi is to succeed as a company and maintain good relationships with local communities. Mowi has defined specific ambitions for each principle, with corresponding key performance indicators. Defining targets is an integrated part of the budget and long-term planning processes, and achievements are reported in operational review meetings with the Business Units, and in business review meetings with the three Business Areas; Feed, Farming and Sales & Marketing. Development and implementation of best practice is achieved through the global quality system, Qmarine, which contains our standard operating procedures. In addition, a global set of policies has been drawn up to guide decisions, manage risk and achieve results. Mowi’s governance and management structure is further described on the website at Mowi. com. Business Mowi’s objective is defined in the company’s articles of association: “The objective of the company is production, refinement, sale and distribution of seafood and goods used in seafood production, either directly or through participation in other companies and hereto-related activities. ” The articles of association are available from the Group’s website at Mowi. com. To achieve the objective set forth in the articles of association, the Board has adopted a corporate strategy whose ambitions and priorities lie within the framework of the Group’s vision and four guiding principles. The vision “Leading the Blue Revolution” provides direction and shows possibilities. The Group’s overall ambition is to grow organically as well as through acquisitions. In 2018, Mowi completed the strategically important purchase of Northern Harvest, a salmon farmer located on the East Coast of Canada. At Mowi’s Capital Markets Day in November, the company launched a brand strategy and the change of company name to Mowi. The company will launch the MOWI brand into selected markets starting in 2019. Our exciting branded product line will provide customers with added value in taste, convenience, nutrition and traceability. One important prerequisite for building a brand and gaining brand awareness, is to gain consumer trust. Through Mowi's integrated value chain, we believe that the company can differentiate the way our products are perceived, positioned and sold. At present, growth is focused on the whole salmon value chain, from feed to fork. In line with this strategy, we open our second feed factory in Scotland in 2019. In Farming, the company aims to capitalize on the organic growth opportunities within the current license footprint, in addition to acquisitions such as Northern Harvest in Canada. In 2018, Mowi Norway also purchased increased farming capacity in 2018 under the amended fish farming regulations. To further support our farming activities, we established DESS Aquaculture Shipping AS in 2016 with the purpose of building, owning and operating aquaculture vessels. The first vessels commenced operations in 2018. In Consumer Products, our ambition is to become a seafood category leader, with strong focus on quality, innovation, brand building and excellent customer service. As we are aiming for growth in sales of value-added products, production capacity must also increase. In 2018, we opened new plants in Glommen, Sweden and Zaragoza, Spain. In addition, we expanded our plant in Ducktrap, Maine. Our first plant in China was launched in 2018 as part of the announcement of a strategic partnership between Mowi and Alibaba in the Chinese market. The material aspects of the four guiding principles are systematically assessed at regular intervals by the Group Management Team. The process of defining material aspects is discussed in the section "Leading the Blue Revolution". The ambitions and the priorities set to achieve them are regularly reviewed and revised by the Board. Through its annual discussion of the long-term plan, the Board sets the targets for the Group for the following five years. Many of the targets are discussed in the relevant sections of this Integrated Annual Report. Equity and Dividends The shareholders’ equity as of December 31, 2018 was EUR 2 877. 2 million (2 314. 2 million), which represents 56. 0% (53. 5%) of the Group’s total assets. Mowi ASA’s objective is to maintain an equity level that is appropriate for the company’s strategy and risk profile. The Board’s ambition is that Mowi ASA’s shareholders will achieve a competitive return on their investment over time, through a combination of dividends and an appreciation of the value of the company’s shares. The Board has defined the following long-term dividend policy: The quarterly dividend level shall reflect the Company’s present and expected future cash flow generation of the company. To this end, a target level for net interest-bearing debt is determined, reviewed and updated on a regular basis. When the target is met, at least 75% of the annual free cash flow after operational and financial commitments will be distributed as dividends. To facilitate quarterly distribution of dividends in an efficient and cost effective manner, the Board seeks a general authorisation from the General Meeting to distribute dividends. Such authorisations shall, however, be limited to a maximum aggregate amount, and limited in time to the next Annual General Meeting (“AGM”). At the 2018 AGM, the Board was granted the following authorisations: To approve the distribution of dividends based on the Company’s annual accounts for 2017. The authority may be used to approve the distribution of dividends up to an aggregate amount of NOK 7 500 000 000. The authority is valid for dividends from and including the second quarter of 2018 until the AGM in 2019, though no later than June 30, 2019. To purchase up to 49 016 777 shares in the Company (representing 10% of the shares in issue at the time) during the period up until the AGM in 2019, though no later than June 30, 2019. To increase the Company’s share capital by up to 49 016 777 shares (representing 10% of the shares in issue at the time). The authority did not define the purpose(s) of such a capital increase. The authority expires at the AGM in 2019, though no later than June 30, 2019. To take up convertible bond loans of up to NOK 3,200 million (par value), convertible to a share capital equivalent by up 49 016 777 shares, but in no event with an amount that exceeds 10% of the company’s share capital at the date of the AGM in 2019. The authority expires at the AGM in 2019, though no later than June 30, 2019. Equal Treatment of Shareholders and Transactions with Related Parties Mowi ASA has one class of shares. Any purchase or sale by the Company of its own shares will be carried out either through the Oslo Stock Exchange or at prices quoted on the Oslo Stock Exchange. Mowi also has American Depositary Shares (ADSs) represented by American Depositary Receipts (ADRs), traded in the US over-the-counter. Any transaction between the Company and a related party will be on arm’s length terms or, if relevant, will rest on a valuation obtained from an independent third party. Mowi ASA will make sure that major transactions with related parties are approved by the AGM in accordance with the Norwegian Public Limited Liability Companies Act. The Board is currently authorised to set aside the pre-emption rights of existing shareholders in capital increases if it exercises its authority to issue new shares, cf. above. This is to simplify the procedure in connection with capital increases to finance further growth and/or the offering of shares as consideration in acquisitions where this is deemed a favourable form of settlement. Members of the Board and the Global Management Team have an obligation, pursuant to the Company’s Code of Conduct, to disclose to the Board any material interest in transactions to which the Group is a party. The Code of Conduct is available at Mowi. com. Freely Negotiable Shares All shares in the Company have equal rights and may be traded freely. Mowi also has American Depositary Shares (ADSs) represented by American Depositary Receipts (ADRs), traded in the US over-the-counter. General Meetings The interests of the company’s shareholders are primarily exercised at the company’s general meetings. It is the company’s goal that as many shareholders as possible are given the opportunity to participate in its general meetings and that the general meetings are organised so as to ensure that they represent an effective forum for the company’s shareholders to express their views. Notices of general meetings are made available on the company’s website, Mowi. com, and through a separate notice to the Oslo Stock Exchange at least 21 days in advance of the general meeting. All shareholders with a known address are notified of general meetings a minimum of two weeks in advance. The notice contains detailed information on the resolutions proposed and matters to be considered at the general meeting. It includes the deadline for shareholders to register their intention to attend the general meeting, as well as instructions on how they can cast their votes by proxy. The deadline for registration is set as close to the date of the general meeting as possible. When documents concerning matters that are to be dealt with at a general meeting have been made accessible to the shareholders on the company’s website, the requirement stipulated by the Norwegian Public Companies Act that the documents shall be sent to shareholders by ordinary mail does not apply. This also applies to documents which, according to law, shall be included in or enclosed with the notice of a general meeting. A shareholder can, however, demand that documents concerning matters that are to be dealt with at a general meeting be sent to him or her by ordinary mail. The notice of a general meeting shall contain a reference to the company’s website, where shareholders can access relevant documents and, if appropriate, any other information that shareholders may need to gain access to such documents. The Chair of the Board, the CEO and the external auditor shall all be present at the AGM. Mowi does not have a policy that requires the other members of the Board to attend the AGM. The AGM elects a chair to preside over the meeting and one person to sign the minutes of the meeting together with the elected chair. The minutes are published on the company’s website. The AGM approves the annual financial statements and annual report, the Board of Directors’ report and any proposed dividend. The AGM also approves the remuneration to be paid to the members of the Board, the Nomination Committee (as defined below) and the external auditor. Other items on the agenda for the AGM may include authorization for the Board... Mowi General Meetings: AGM Notices, Protocols & Reports Media Contact Search Mowi Global About us Go to About us Our Values Our History Our Strategy Global Presence Our Structure Mowi Feed Mowi R&D Our seafood Go to Our seafood Tasty & Nutritious Taste & Health Quality Food Safety Our Seafood Trading & Bulk Sales Value Added Products Brand Portfolio Product Innovation Traceability Salmon Farming Sustainability Go to Sustainability Commitments & Actions Our certifications ESG Library ASC Dashboard Investors Go to Investors Share and bond Reports Presentations Capital Markets Day Corporate governance Stock exchange filings Resources Careers Go to Careers Vacancies Working at Mowi News Media Contact Mowi Global Search Select Country or Region Mowi Global Active Asia Mowi China Mowi Japan Mowi Korea Mowi Taiwan Europe Mowi Belgium (FR) Mowi Belgium (NL) Mowi Czechia (CZ) Mowi Czechia (EN) Mowi Faroe Islands Mowi France Mowi Germany Mowi Ireland Mowi Italy Mowi Netherlands Mowi Norway Mowi Poland Mowi Scotland Mowi Spain Mowi Turkey Americas Mowi Canada East Mowi Canada West Mowi Chile Mowi USA You are going to open MOWI Global page Continue Home Investors Corporate governance General meetings General meetings AGM Notice 2024 2023 2022 2021 2020 2019 2018 2018 2018 2017 2016 2015 2014 2014 2014 Mowi AGM Notice 2023 ENG 2778 MOWI Notice of AGM 2022 ENG_web 29.05.2019-minutes-from-ordinary-general-meeting 04.12.2018-minutes-from-extraordinary-general-meeting Ordinary general meeting 2018 15.01.2018-minutes-from-extraordinary-general-meeting 01.06.2017-minutes-from-ordinary-general-meeting-2017. 09.06.2016-minutes-from-ordinary-general-meeting-2016 09.06.2015-minutes-from-ordinary-general-meeting 22.10.2014-minutes-from-extraordinary-general-meeting minutes-from-ordinary-general-meeting-22-may-2014 minutes-of-extraordinary-general-meeting-20-january-2014-3 AGM Protocol 2025 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 Mowi ASA - AGM minutes 2025 Mowi ASA OGF protokoll 2025 Protocol AGM 2024 Protocol AGM 2023 final Mowi AGM 2022 Protocol 29.05.2019-minutes-from-ordinary-general-meeting Ordinary general meeting 2018 01.06.2017-minutes-from-ordinary-general-meeting-2017. 09.06.2016-minutes-from-ordinary-general-meeting-2016 09.06.2015-minutes-from-ordinary-general-meeting minutes-from-ordinary-general-meeting-22-may-2014 AGM Remuneration 2025 2024 2023 2022 2021 Mowi Remuneration Report 2025 Mowi Remuneration Report 2024 Mowi Remuneration Report 2023 Mowi Remuneration Report 2022 Mowi Remuneration Report 2021 Compliance Articles of Association Nomination Committee Code of Conduct Targets and Policies Policies About us Our seafood Sustainability Investors Careers News Contact Media Follow our social media Mowi Global Copyright 2026 © Mowi Cookie settings Privacy Policy We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. 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SAVE & ACCEPT Powered by Group Management - Mowi Company Website Media Contact Search Mowi Global About us Go to About us Our Values Our History Our Strategy Global Presence Our Structure Mowi Feed Mowi R&D Our seafood Go to Our seafood Tasty & Nutritious Taste & Health Quality Food Safety Our Seafood Trading & Bulk Sales Value Added Products Brand Portfolio Product Innovation Traceability Salmon Farming Sustainability Go to Sustainability Commitments & Actions Our certifications ESG Library ASC Dashboard Investors Go to Investors Share and bond Reports Presentations Capital Markets Day Corporate governance Stock exchange filings Resources Careers Go to Careers Vacancies Working at Mowi News Media Contact Mowi Global Search Select Country or Region Mowi Global Active Asia Mowi China Mowi Japan Mowi Korea Mowi Taiwan Europe Mowi Belgium (FR) Mowi Belgium (NL) Mowi Czechia (CZ) Mowi Czechia (EN) Mowi Faroe Islands Mowi France Mowi Germany Mowi Ireland Mowi Italy Mowi Netherlands Mowi Norway Mowi Poland Mowi Scotland Mowi Spain Mowi Turkey Americas Mowi Canada East Mowi Canada West Mowi Chile Mowi USA You are going to open MOWI Global page Continue Home Investors Corporate governance Group Management Group Management Ivan Vindheim CEO Background Kristian Ellingsen CFO Background Catarina Martins Chief Technology Officer and Chief Sustainability Officer Background Øyvind Oaland COO Farming Norway Background Ben Hadfield COO Farming Scotland, Ireland and Faroes Background Fernando Villarroel COO Farming Americas Background Ola Brattvoll COO Sales and Marketing Background Atle Kvist COO Feed Background Kjersti Eikeseth CHRO Background Ivan Vindheim CEO Mr. Vindheim was appointed CEO in 2019. Prior to this he held the position as CFO. Mr. Vindheim has experience from various executive positions in seafood and other industries. He was CFO of Mowi for seven years before taking on the position of CEO. Mr. Vindheim holds an MSc in Business and an MBA from the Norwegian School of Economics. He is also a State Authorized Public Accountant and Certified European Financial Analyst. Ivan Vindheim CEO Mr. Vindheim was appointed CEO in 2019. Prior to this he held the position as CFO. Mr. Vindheim has experience from various executive positions in seafood and other industries. He was CFO of Mowi for seven years before taking on the position of CEO. Mr. Vindheim holds an MSc in Business and an MBA from the Norwegian School of Economics. He is also a State Authorized Public Accountant and Certified European Financial Analyst. Kristian Ellingsen CFO Kristian Ellingsen was appointed new CFO of Mowi in November 2019 after acting as Group Accounting Director at the company for 4 years. Prior to joining Mowi he was a Director in PwC, where he worked for almost 10 years. Ellingsen holds a Master’s degree from the Norwegian School of Economics and a Bachelor’s degree in informatics from the University of Bergen. He is also a State Authorized Public Accountant. Kristian Ellingsen CFO Kristian Ellingsen was appointed new CFO of Mowi in November 2019 after acting as Group Accounting Director at the company for 4 years. Prior to joining Mowi he was a Director in PwC, where he worked for almost 10 years. Ellingsen holds a Master’s degree from the Norwegian School of Economics and a Bachelor’s degree in informatics from the University of Bergen. He is also a State Authorized Public Accountant. Catarina Martins Chief Technology Officer and Chief Sustainability Officer Catarina has a MSc in Marine Biology from Lisbon University in Portugal, a PhD in Animal Sciences from Wageningen University in the Netherlands and MBA in Global Seafood from Norwegian School of Economics. In addition, Catarina has supplementary education in Corporate Sustainability and other relevant education from Harvard University in the USA. She has both a scientific and business background that are of importance in this position. Catarina Martins Chief Technology Officer and Chief Sustainability Officer Catarina has a MSc in Marine Biology from Lisbon University in Portugal, a PhD in Animal Sciences from Wageningen University in the Netherlands and MBA in Global Seafood from Norwegian School of Economics. In addition, Catarina has supplementary education in Corporate Sustainability and other relevant education from Harvard University in the USA. She has both a scientific and business background that are of importance in this position. Øyvind Oaland COO Farming Norway Mr. Oaland has previously served as Mowi’s Chief Technology Officer from 2008 to 2020. He has been with Mowi since 2000 in various capacities within fish health, food safety, product quality and quality assurance. He holds a degree in Veterinary Medicine from the Norwegian School of Veterinary Science. Øyvind Oaland COO Farming Norway Mr. Oaland has previously served as Mowi’s Chief Technology Officer from 2008 to 2020. He has been with Mowi since 2000 in various capacities within fish health, food safety, product quality and quality assurance. He holds a degree in Veterinary Medicine from the Norwegian School of Veterinary Science. Ben Hadfield COO Farming Scotland, Ireland and Faroes Mr. Hadfield has been the COO of Mowi’s fish feed segment since February 2013, before which he was a Production Manager at Mowi Scotland (2007 to 2013) and the Technical Chairman of the Scottish Salmon Producers’ Organisation (2012 to 2013). His previous positions also include Technical & HSEQ Manager (2004 to 2007) and Environmental Manager (2000 to 2004) at Mowi Scotland. He holds degrees from the University of Sheffield and the University of Manchester. Ben Hadfield COO Farming Scotland, Ireland and Faroes Mr. Hadfield has been the COO of Mowi’s fish feed segment since February 2013, before which he was a Production Manager at Mowi Scotland (2007 to 2013) and the Technical Chairman of the Scottish Salmon Producers’ Organisation (2012 to 2013). His previous positions also include Technical & HSEQ Manager (2004 to 2007) and Environmental Manager (2000 to 2004) at Mowi Scotland. He holds degrees from the University of Sheffield and the University of Manchester. Fernando Villarroel COO Farming Americas Fernando Villarroel has served as COO Americas since October 2020, and from May 2017 as Managing Director for Mowi Chile. He has extensive experience in salmon farming and finances in Chile, Canada, Scotland and Norway.     Fernando Villarroel COO Farming Americas Fernando Villarroel has served as COO Americas since October 2020, and from May 2017 as Managing Director for Mowi Chile. He has extensive experience in salmon farming and finances in Chile, Canada, Scotland and Norway.     Ola Brattvoll COO Sales and Marketing Mr. Brattvoll has served as the COO of Mowi´s sales & marketing segment since December 2010. Prior to joining us, he worked in the marketing and sales department of the Norwegian Seafood Export Council´s Norway office (1995 to 2002) and Tokyo office (2002 to 2006). Mr. Brattvoll has also worked as Market Director (2006 to 2007) and Vice President of Sales (2010 to 2011) at Hallvard Lerøy AS, a seafood company. He holds a degree in Fisheries from the Norwegian College of Fishery Science, University of Tromsø. Ola Brattvoll COO Sales and Marketing Mr. Brattvoll has served as the COO of Mowi´s sales & marketing segment since December 2010. Prior to joining us, he worked in the marketing and sales department of the Norwegian Seafood Export Council´s Norway office (1995 to 2002) and Tokyo office (2002 to 2006). Mr. Brattvoll has also worked as Market Director (2006 to 2007) and Vice President of Sales (2010 to 2011) at Hallvard Lerøy AS, a seafood company. He holds a degree in Fisheries from the Norwegian College of Fishery Science, University of Tromsø. Atle Kvist COO Feed Atle Kvist COO Feed Kjersti Eikeseth CHRO Kjersti Eikeseth CHRO About us Our seafood Sustainability Investors Careers News Contact Media Follow our social media Mowi Global Copyright 2026 © Mowi Cookie settings Privacy Policy We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent. Read moreCookie SettingsReject AllAccept AllManage consent Close Privacy Overview This website uses cookies to improve your experience while you navigate through the website. 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SAVE & ACCEPT Powered by Share and bond - Mowi Company Website Media Contact Search Mowi Global About us Go to About us Our Values Our History Our Strategy Global Presence Our Structure Mowi Feed Mowi R&D Our seafood Go to Our seafood Tasty & Nutritious Taste & Health Quality Food Safety Our Seafood Trading & Bulk Sales Value Added Products Brand Portfolio Product Innovation Traceability Salmon Farming Sustainability Go to Sustainability Commitments & Actions Our certifications ESG Library ASC Dashboard Investors Go to Investors Share and bond Reports Presentations Capital Markets Day Corporate governance Stock exchange filings Resources Careers Go to Careers Vacancies Working at Mowi News Media Contact Mowi Global Search Select Country or Region Mowi Global Active Asia Mowi China Mowi Japan Mowi Korea Mowi Taiwan Europe Mowi Belgium (FR) Mowi Belgium (NL) Mowi Czechia (CZ) Mowi Czechia (EN) Mowi Faroe Islands Mowi France Mowi Germany Mowi Ireland Mowi Italy Mowi Netherlands Mowi Norway Mowi Poland Mowi Scotland Mowi Spain Mowi Turkey Americas Mowi Canada East Mowi Canada West Mowi Chile Mowi USA You are going to open MOWI Global page Continue Home Investors Share and bond Share and bond Share and bond ADR Programme Analyst Coverage Bonds Dividend Insider trade Registrar Shareholder analysis Shareholders  About us Our seafood Sustainability Investors Careers News Contact Media Follow our social media Mowi Global Copyright 2026 © Mowi Cookie settings Privacy Policy We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. 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SAVE & ACCEPT Powered by Reports - Mowi Company Website Media Contact Search Mowi Global About us Go to About us Our Values Our History Our Strategy Global Presence Our Structure Mowi Feed Mowi R&D Our seafood Go to Our seafood Tasty & Nutritious Taste & Health Quality Food Safety Our Seafood Trading & Bulk Sales Value Added Products Brand Portfolio Product Innovation Traceability Salmon Farming Sustainability Go to Sustainability Commitments & Actions Our certifications ESG Library ASC Dashboard Investors Go to Investors Share and bond Reports Presentations Capital Markets Day Corporate governance Stock exchange filings Resources Careers Go to Careers Vacancies Working at Mowi News Media Contact Mowi Global Search Select Country or Region Mowi Global Active Asia Mowi China Mowi Japan Mowi Korea Mowi Taiwan Europe Mowi Belgium (FR) Mowi Belgium (NL) Mowi Czechia (CZ) Mowi Czechia (EN) Mowi Faroe Islands Mowi France Mowi Germany Mowi Ireland Mowi Italy Mowi Netherlands Mowi Norway Mowi Poland Mowi Scotland Mowi Spain Mowi Turkey Americas Mowi Canada East Mowi Canada West Mowi Chile Mowi USA You are going to open MOWI Global page Continue Home Investors Reports Reports 2026 Annual Report 2026 Q1 2026 Report Presentation Appendix Webcast Q2 2026 Q3 2026 Q4 2026 2025 Annual Report 2025 Mowi Annual Report 2025 Q1 2025 Report Presentation Appendix Webcast Q2 2025 Report Presentation Appendix Webcast Q3 2025 Report Presentation Appendix Webcast Q4 2025 Report Presentation Appendix Webcast 2024 Annual Report 2024 Mowi Annual Report 2024 Mowi Annual Report 2024 (PDF) Mowi Annual Report 2024 (ESEF) Q1 2024 Report (PDF, 652 KB) Presentation (PDF, 2 MB) Appendix (PDF, 152 KB) Webcast Q2 2024 Report (PDF, 9 MB) Presentation (PDF, 2 MB) Appendix (PDF, 160 KB) Webcast Q3 2024 Report Presentation Appendix Webcast Q4 2024 Report Presentation Appendix Webcast 2023 Annual Report 2023 Annual Report (PDF, 23 MB) Annual Report (PDF, 10 MB) Q1 2023 Report (PDF, 7 MB) Presentation (PDF, 1 MB) Appendix (PDF, 163 KB) Webcast Q2 2023 Report (PDF, 3 MB) Presentation (PDF, 1 MB) Appendix (PDF, 172 KB) Webcast Q3 2023 Report (PDF, 3 MB) Presentation (PDF, 2 MB) Appendix (PDF, 158 KB) Webcast Q4 2023 Report (PDF, 6 MB) Presentation (PDF, 3 MB) Appendix (PDF, 141 KB) Webcast 2022 Annual Report 2022 Annual Report (PDF, 102 MB) Annual Report (PDF, 10 MB) Annual Report (ESEF, 27 MB) Q1 2022 Report (PDF, 3 MB) Presentation (PDF, 1 MB) Appendix (PDF, 157 KB) Webcast Q2 2022 Report (PDF, 2 MB) Presentation (PDF, 1 MB) Appendix (PDF, 150 KB) Webcast Q3 2022 Report (PDF, 7 MB) Presentation (PDF, 1 MB) Appendix (PDF, 150 KB) Webcast Q4 2022 Report (PDF, 5 MB) Presentation (PDF, 2 MB) Appendix (PDF, 136 KB) Webcast 2021 Annual Report 2021 Annual Report (PDF, 19 MB) Annual Report (PDF, 18 MB) Annual Report (ESEF, 53 MB) Q1 2021 Report (PDF, 9 MB) Presentation (PDF, 1 MB) Appendix (PDF, 156 KB) Webcast Q2 2021 Report (PDF, 8 MB) Presentation (PDF, 1 MB) Appendix (PDF, 156 KB) Webcast Q3 2021 Report (PDF, 5 MB) Presentation (PDF, 1 MB) Appendix (PDF, 156 KB) Webcast Q4 2021 Report (PDF, 5 MB) Presentation (PDF, 2 MB) Appendix (PDF, 140 KB) Webcast 2020 Annual Report 2020 Annual Report (PDF, 19 MB) Q1 2020 Report (PDF, 7 MB) Presentation (PDF, 1 MB) Appendix (PDF, 155 KB) Webcast Q2 2020 Report (PDF, 4 MB) Presentation (PDF, 2 MB) Appendix (PDF, 158 KB) Webcast Q3 2020 Report (PDF, 3 MB) Presentation (PDF, 805 KB) Appendix (PDF, 158 KB) Webcast Q4 2020 Report (PDF, 885 KB) Presentation (PDF, 981 KB) Appendix (PDF, 138 KB) Webcast 2019 Annual Report 2019 Annual Report (PDF, 16 MB) Annual Report (PDF, 16 MB) Q1 2019 Report (PDF, 8 MB) Presentation (PDF, 4 MB) Appendix (PDF, 155 KB) Webcast Audio (MP3, 3 MB) Q2 2019 Report (PDF, 6 MB) Presentation (PDF, 2 MB) Appendix (PDF, 141 KB) Webcast Audio (MP3, 12 MB) Q3 2019 Report (PDF, 2 MB) Presentation (PDF, 2 MB) Appendix (PDF, 141 KB) Webcast Audio (MP3, 5 MB) Q4 2019 Report (PDF, 7 MB) Presentation (PDF, 2 MB) Appendix (PDF, 158 KB) Webcast 2018 Annual Report 2018 Annual Report (PDF, 16 MB) Annual Report (PDF, 75 MB) Q1 2018 Report (PDF, 5 MB) Appendix (636 KB) Presentation (PDF, 1 MB) Webcast Audio (MP3, 3 MB) Q2 2018 Report (PDF, 5 MB) Appendix (PDF, 635 KB) Presentation (PDF, 1 MB) Webcast Audio (MP3, 6 MB) Q3 2018 Report (PDF, 5 MB) Appendix (PDF, 638 KB) Presentation (PDF, 4 MB) Webcast Audio (MP3, 4 MB) Q4 2018 Report (PDF, 3 MB) Appendix (PDF, 155 KB) Presentation (PDF, 7 MB) Webcast Audio (MP3, 4 MB) 2017 Annual Report 2017 Annual Report (PDF, 15 MB) Q1 2017 Report (PDF, 5 MB) Appendix (PDF, 619 KB) Webcast Audio (MP3, 6 MB) Q2 2017 Report (PDF, 4 MB) Appendix (PDF, 619 KB) Presentation (PDF, 594 KB) Webcast Audio (MP3, 4 MB) Q3 2017 Report (PDF, 5 MB) Appendix (PDF, 618 KB) Presentation (PDF, 3 MB) Webcast Audio (MP3, 4 MB) Q4 2017 Report (PDF, 5 MB) Appendix (PDF, 660 KB) Presentation (PDF, 1 MB) Webcast Audio (PDF, 8 MB) 2016 Annual Report 2016 Annual Report (PDF, 17 MB) Q1 2016 Report (PDF, 4 MB) Appendix Presentation (PDF, 3 MB) Webcast Audio (MP3, 6 MB) Q2 2016 Report (PDF, 3 MB) Appendix Presentation (PDF, 1 MB) Webcast Audio (MP3, 6 MB) Q3 2016 Report (PDF, 5 MB) Appendix Presentation (PDF, 3 MB) Webcast Audio (MP3, 5 MB) Q4 2016 Report (PDF, 5 MB) Appendix Presentation (PDF, 2 MB) Webcast Audio (MP3, 4 MB) 2015 Annual Report 2015 Annual Report (PDF, 6 MB) Q1 2015 Report (PDF, 2 MB) Presentation (PDF, 990 KB) Webcast Q2 2015 Report (PDF, 2 MB) Presentation (PDF, 2 MB) Webcast Audio (MP3, 3 MB) Q3 2015 Report (PDF, 4 MB) Presentation (PDF, 845 KB) Webcast Audio (MP3, 7 MB) Q4 2015 Report (PDF, 5 MB) Presentation (PDF, 935 KB) Webcast Audio (MP3, 8 MB) 2014 Annual Report 2014 Annual Report (PDF, 9 MB) Q1 2014 Report (PDF, 2 MB) Presentation (PDF, 2 MB) Webcast Audio (MP3, 5 MB) Q2 2014 Report (PDF, 3 MB) Presentation (PDF, 4 MB) Webcast Q3 2014 Report (PDF, 1 MB) Presentation (PDF, 1 MB) Webcast Q4 2014 Report (PDF, 1 MB) Presentation (PDF, 4 MB) Webcast Audio (MP3, 7 MB) 2013 Annual Report 2013 Annual Report (PDF, 8 MB) Q1 2013 Report (PDF, 884 KB) Presentation (PDF, 2 MB) Q2 2013 Report (PDF, 928 KB) Presentation (PDF, 2 MB) Webcast Q3 2013 Report (PDF, 2 MB) Presentation (PDF, 5 MB) Webcast Q4 2013 Report (PDF, 971 KB) Presentation (PDF, 5 MB) Webcast 2012 Annual Report 2012 Annual Report (PDF, 4 MB) Q1 2012 Report (PDF, 1 MB) Presentation (PDF, 4 MB) Q2 2012 Report (PDF, 874 KB) Presentation (PDF, 4 MB) Q3 2012 Report (PDF, 860 KB) Presentation (PDF, 4 MB) Q4 2012 Report (PDF, 907 KB) Presentation (PDF, 2 MB) 2011 Annual Report 2011 Annual Report (PDF, 6 MB) Q1 2011 Report (PDF, 818 KB) Presentation (PDF, 2 MB) Q2 2011 Report (PDF, 927 KB) Presentation (PDF, 1 MB) Q3 2011 Report (PDF, 1 MB) Presentation (PDF, 2 MB) Q4 2011 Report (PDF, 1 MB) Presentation (PDF, 2 MB) 2010 Annual Report 2010 Annual Report (PDF, 2 MB) Q1 2010 Report (PDF, 569 KB) Presentation (PDF, 835 KB) Q2 2010 Report (PDF, 499 KB) Presentation (PDF, 834 KB) Q3 2010 Report (PDF, 529 KB) Presentation (PDF, 856 KB) Q4 2010 Report (PDF, 681 KB) Presentation (PDF, 1 MB) 2009 Annual Report 2009 Q1 2009 Q2 2009 Report (PDF, 532 KB) Presentation (PDF, 788 KB) Q3 2009 Report (PDF, 450 KB) Presentation (PDF, 679 KB) Q4 2009 Report (PDF, 489 KB) Presentation (PDF, 327 KB) About us Our seafood Sustainability Investors Careers News Contact Media Follow our social media Mowi Global Copyright 2026 © Mowi Cookie settings Privacy Policy We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. 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SAVE & ACCEPT Powered by Presentations - Mowi Company Website Media Contact Search Mowi Global About us Go to About us Our Values Our History Our Strategy Global Presence Our Structure Mowi Feed Mowi R&D Our seafood Go to Our seafood Tasty & Nutritious Taste & Health Quality Food Safety Our Seafood Trading & Bulk Sales Value Added Products Brand Portfolio Product Innovation Traceability Salmon Farming Sustainability Go to Sustainability Commitments & Actions Our certifications ESG Library ASC Dashboard Investors Go to Investors Share and bond Reports Presentations Capital Markets Day Corporate governance Stock exchange filings Resources Careers Go to Careers Vacancies Working at Mowi News Media Contact Mowi Global Search Select Country or Region Mowi Global Active Asia Mowi China Mowi Japan Mowi Korea Mowi Taiwan Europe Mowi Belgium (FR) Mowi Belgium (NL) Mowi Czechia (CZ) Mowi Czechia (EN) Mowi Faroe Islands Mowi France Mowi Germany Mowi Ireland Mowi Italy Mowi Netherlands Mowi Norway Mowi Poland Mowi Scotland Mowi Spain Mowi Turkey Americas Mowi Canada East Mowi Canada West Mowi Chile Mowi USA You are going to open MOWI Global page Continue Home Investors Presentations Presentations Capital Markets Day 2024, Presentation Capital Markets Day 2024, Webcast Fixed income investor meetings 2024 North Atlantic Seafood Forum 2024: Mowi Strategy and Business update North Atlantic Seafood Forum 2023, Presentation by CEO Ivan Vindheim North Atlantic Seafood Forum 2021: Mowi Business and Strategy Update Mowi Capital Markets Day 2021: Presentation Mowi Capital Markets Day 2021: Webcast North Atlantic Seafood Forum 2020: The Brand Opportunity Fixed income investor meetings 2020 IntraFish Seafood Investor Forum 2019 - presentation by Chairman Ole-Eirik Lerøy Presentation Marine Harvest Capital Markets Day 2018 Live stream from Marine Harvest Capital Markets Day 2018 Fixed income investor meetings 2018 Intrafish Seminar London 2017 Havbrukskonferansen 2016: Pre-packed potential in US Baird’s 2016 Global Consumer, Technology & Services Conference Presentations Capital Markets Day 2016 Live stream from Marine Harvest Capital Markets Day 2016 BMO Farm to Market Conference BMO Capital Markets 2016 Farm to Market Conferance Havbrukskonferansen 2015 presentation North Atlantic Seafood Forum Conference 2015 Intrafish seminar 2014 Salmon supply and market outlook 2013 Presentation Havbrukskonferansen Oslo 22 November 2011 090611 Presentation at Platou Seminar Pan Fish - Marine Harvest Presentation 2006 Presentation at DnB NOR Seafood Summit 2006 First Securities Aquaculture Seminar 2005 Presentation IPO of Pan Pelagic ASA 2001 About us Our seafood Sustainability Investors Careers News Contact Media Follow our social media Mowi Global Copyright 2026 © Mowi Cookie settings Privacy Policy We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. 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Mowi Salmon Industry Handbook & Financial Resources Media Contact Search Mowi Global About us Go to About us Our Values Our History Our Strategy Global Presence Our Structure Mowi Feed Mowi R&D Our seafood Go to Our seafood Tasty & Nutritious Taste & Health Quality Food Safety Our Seafood Trading & Bulk Sales Value Added Products Brand Portfolio Product Innovation Traceability Salmon Farming Sustainability Go to Sustainability Commitments & Actions Our certifications ESG Library ASC Dashboard Investors Go to Investors Share and bond Reports Presentations Capital Markets Day Corporate governance Stock exchange filings Resources Careers Go to Careers Vacancies Working at Mowi News Media Contact Mowi Global Search Select Country or Region Mowi Global Active Asia Mowi China Mowi Japan Mowi Korea Mowi Taiwan Europe Mowi Belgium (FR) Mowi Belgium (NL) Mowi Czechia (CZ) Mowi Czechia (EN) Mowi Faroe Islands Mowi France Mowi Germany Mowi Ireland Mowi Italy Mowi Netherlands Mowi Norway Mowi Poland Mowi Scotland Mowi Spain Mowi Turkey Americas Mowi Canada East Mowi Canada West Mowi Chile Mowi USA You are going to open MOWI Global page Continue Home Investors Resources Resources Mowi’s Industry Handbook 2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 The Mowi Industry Handbook provides financial analysts, investors and other stakeholders with clear insight into the salmon industry. This handbook includes forward-looking statements that reflect Mowi’s current expectations and views on future events. All forward-looking statements included in this handbook are based on information available at the time of its release, and Mowi assumes no obligation to update any forward-looking statement. Salmon Farming Industry Handbook 2026 The Mowi Industry Handbook provides financial analysts, investors and other stakeholders with clear insight into the salmon industry. This handbook includes forward-looking statements that reflect Mowi’s current expectations and views on future events. All forward-looking statements included in this handbook are based on information available at the time of its release, and Mowi assumes no obligation to update any forward-looking statement. 2025 Salmon Farming Industry Handbook The Mowi Industry Handbook provides financial analysts, investors and other stakeholders with clear insight into the salmon industry. This handbook includes forward-looking statements that reflect Mowi’s current expectations and views on future events. All forward-looking statements included in this handbook are based on information available at the time of its release, and Mowi assumes no obligation to update any forward-looking statement. 2024 Salmon Industry Handbook The Mowi Industry Handbook provides financial analysts, investors and other stakeholders with clear insight into the salmon industry. This handbook includes forward-looking statements that reflect Mowi’s current expectations and views on future events. All forward-looking statements included in this handbook are based on information available at the time of its release, and Mowi assumes no obligation to update any forward-looking statement. Salmon Farming Industry Handbook 2023 The Mowi Industry Handbook provides financial analysts, investors and other stakeholders with clear insight into the salmon industry. This handbook includes forward-looking statements that reflect Mowi’s current expectations and views on future events. All forward-looking statements included in this handbook are based on information available at the time of its release, and Mowi assumes no obligation to update any forward-looking statement. 2022 Salmon Industry Handbook The Mowi Industry Handbook provides financial analysts, investors and other stakeholders with clear insight into the salmon industry. This handbook includes forward-looking statements that reflect Mowi’s current expectations and views on future events. All forward-looking statements included in this handbook are based on information available at the time of its release, and Mowi assumes no obligation to update any forward-looking statement. Mowi Salmon Industry Handbook 2021 The Mowi Industry Handbook provides financial analysts, investors and other stakeholders with clear insight into the salmon industry. This handbook includes forward-looking statements that reflect Mowi’s current expectations and views on future events. All forward-looking statements included in this handbook are based on information available at the time of its release, and Mowi assumes no obligation to update any forward-looking statement. Mowi Salmon Farming Industry Handbook 2020 The Mowi Industry Handbook provides financial analysts, investors and other stakeholders with clear insight into the salmon industry. This handbook includes forward-looking statements that reflect Mowi’s current expectations and views on future events. All forward-looking statements included in this handbook are based on information available at the time of its release, and Mowi assumes no obligation to update any forward-looking statement. Salmon Industry Handbook 2019 The Mowi Industry Handbook provides financial analysts, investors and other stakeholders with clear insight into the salmon industry. This handbook includes forward-looking statements that reflect Mowi’s current expectations and views on future events. All forward-looking statements included in this handbook are based on information available at the time of its release, and Mowi assumes no obligation to update any forward-looking statement. 2018-salmon-industry-handbook The Mowi Industry Handbook provides financial analysts, investors and other stakeholders with clear insight into the salmon industry. This handbook includes forward-looking statements that reflect Mowi’s current expectations and views on future events. All forward-looking statements included in this handbook are based on information available at the time of its release, and Mowi assumes no obligation to update any forward-looking statement. The Mowi Industry Handbook provides financial analysts, investors and other stakeholders with clear insight into the salmon industry. This handbook includes forward-looking statements that reflect Mowi’s current expectations and views on future events. All forward-looking statements included in this handbook are based on information available at the time of its release, and Mowi assumes no obligation to update any forward-looking statement. The Mowi Industry Handbook provides financial analysts, investors and other stakeholders with clear insight into the salmon industry. This handbook includes forward-looking statements that reflect Mowi’s current expectations and views on future events. All forward-looking statements included in this handbook are based on information available at the time of its release, and Mowi assumes no obligation to update any forward-looking statement. The Mowi Industry Handbook provides financial analysts, investors and other stakeholders with clear insight into the salmon industry. This handbook includes forward-looking statements that reflect Mowi’s current expectations and views on future events. All forward-looking statements included in this handbook are based on information available at the time of its release, and Mowi assumes no obligation to update any forward-looking statement. Spreadsheets Download following spreadsheets: Financial Statements Historical harvest volumes Segments breakdown Country-by-country reporting (zip file) About us Our seafood Sustainability Investors Careers News Contact Media Follow our social media Mowi Global Copyright 2026 © Mowi Cookie settings Privacy Policy We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent. 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CookieDurationDescription_cfuvidsessionDescription is currently not available.routesessionNo description available. SAVE & ACCEPT Powered by The aim of Mowi’s investor relations activities is to contribute to correct pricing of Mowi’s shares and bonds by giving the capital market in-depth, relevant and accurate information about the company and its activities. Kim Galtung Døsvig* Investor Relations Officer & Head of Treasury Tel: +47 908 76 339 Email: kim. dosvig@mowi. com *To be contacted for hard copies of annual reports. Upon request, we will provide any of our shareholders with a hard copy of our complete audited financial statements free of charge. Home - Mowi Company Website Media Contact Search Mowi Global About us Go to About us Our Values Our History Our Strategy Global Presence Our Structure Mowi Feed Mowi R&D Our seafood Go to Our seafood Tasty & Nutritious Taste & Health Quality Food Safety Our Seafood Trading & Bulk Sales Value Added Products Brand Portfolio Product Innovation Traceability Salmon Farming Sustainability Go to Sustainability Commitments & Actions Our certifications ESG Library ASC Dashboard Investors Go to Investors Share and bond Reports Presentations Capital Markets Day Corporate governance Stock exchange filings Resources Careers Go to Careers Vacancies Working at Mowi News Media Contact Mowi Global Search Select Country or Region Mowi Global Active Asia Mowi China Mowi Japan Mowi Korea Mowi Taiwan Europe Mowi Belgium (FR) Mowi Belgium (NL) Mowi Czechia (CZ) Mowi Czechia (EN) Mowi Faroe Islands Mowi France Mowi Germany Mowi Ireland Mowi Italy Mowi Netherlands Mowi Norway Mowi Poland Mowi Scotland Mowi Spain Mowi Turkey Americas Mowi Canada East Mowi Canada West Mowi Chile Mowi USA You are going to open MOWI Global page Continue About us At Mowi we provideour customers with8 million meals a day Get to know us better May 13, 2026 Second best operational profit for a first quarter for Mowi on seasonally record-high revenues and volumes Read more April 27, 2026 Mowi’s value chain Read more April 27, 2026 How we reduce escapes Read more Investing in Mowi In 2025 the company had a turnover of EUR 5.7 billion. Mowi is listed on the Oslo Stock Exchange (OSE) and its share also trade on the US OTC market. OSE US OTC Data delayed at least 15 minutes Visit Investors Page Q1 2026 Results Report Presentation Appendix Webcast Annual Report 2025 Mowi Annual Report 2025 Visit Investors Page View all reports We are the most sustainable protein producer Mowi has been ranked the most sustainable protein producer by the Coller FAIRR Protein Producer Index for the fifth year in a row. *MOWI ranked #1 in the 2019-2024 Coller FAIRR Protein Producer Index, a comprehensive assessment of the largest animal protein producers on critical environmental, social and governance (ESG) issues. More on Sustainability More on Sustainability Work with us Work with us We are always looking for ambitious, forward-thinking people who want to help us drive change, develop tomorrow’s technologies and safeguard the planet for future generations. Browse our wide range of worldwide opportunities here. Visit careers page Job offers available in: We are a seafood provider within the retail, horeca and industry segments Our products range from whole fish, to plain or marinated fillets and steaks, to hot- and cold-smoked salmon, all the way through to succulent burgers and delicate tartars. View Trading & Bulk Sales View Value Added Products We offer seafood in over 70 countries Mowi is represented in 26 countries and employ 12 500 people worldwide. Mowi is organised in three business areas: Feed, Farming and Sales & Marketing. Contact your local entity Europe 15 processing facilities. Feed, Farming and Sales & Marketing operations See more details Americas 7 processing facilities Farming, processing, sales & marketing operations See more details Asia 7 processing facilities Secondary processing, sales & marketing operations See more details Contact your local entity Latest news Visit News May 13, 2026 Second best operational profit for a first quarter for Mowi on seasonally record-high revenues and volumes   Mowi had its second best first quarter ever with operational profit of EUR 221 million on seasonally record-high revenues of 1.54 billion. Mowi began 2026 with more new records; the world’s largest salmon farmer delivered the second best operational profit for a first quarter to dat... Read more Apr 27, 2026 Mowi's value chain At Mowi, we believe the right way to supply a growing world population with healthy, nutritious, protein-rich products is by sustainably farming the ocean. Our vision is "Leading the Blue Revolution", and our ambition is to be a world-leading, integrated producer of seafood proteins. We care for ... Read more Apr 27, 2026 How we reduce escapes At Mowi, we are committed to achieving a zero-fish-escape target. Escape incidents are very rare during a production cycle; however, due to unforeseen factors, fish may escape from our farming facilities. Salmon escapes are most commonly caused by severe weather, structural issues at farming sites, ... Read more Visit News About us Our seafood Sustainability Investors Careers News Contact Media Follow our social media Mowi Global Copyright 2026 © Mowi Cookie settings Privacy Policy We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent. 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SAVE & ACCEPT Powered by Investors - Mowi Company Website Media Contact Search Mowi Global About us Go to About us Our Values Our History Our Strategy Global Presence Our Structure Mowi Feed Mowi R&D Our seafood Go to Our seafood Tasty & Nutritious Taste & Health Quality Food Safety Our Seafood Trading & Bulk Sales Value Added Products Brand Portfolio Product Innovation Traceability Salmon Farming Sustainability Go to Sustainability Commitments & Actions Our certifications ESG Library ASC Dashboard Investors Go to Investors Share and bond Reports Presentations Capital Markets Day Corporate governance Stock exchange filings Resources Careers Go to Careers Vacancies Working at Mowi News Media Contact Mowi Global Search Select Country or Region Mowi Global Active Asia Mowi China Mowi Japan Mowi Korea Mowi Taiwan Europe Mowi Belgium (FR) Mowi Belgium (NL) Mowi Czechia (CZ) Mowi Czechia (EN) Mowi Faroe Islands Mowi France Mowi Germany Mowi Ireland Mowi Italy Mowi Netherlands Mowi Norway Mowi Poland Mowi Scotland Mowi Spain Mowi Turkey Americas Mowi Canada East Mowi Canada West Mowi Chile Mowi USA You are going to open MOWI Global page Continue Share and bond Reports Presentations Capital Markets Day Corporate governance Stock exchange filings Resources Investors Caring makes us profitable Oslo Stock Exchange (OSE) US OTC Market Data delayed at least 15 minutes Caring makes us profitable Oslo Stock Exchange (OSE) US OTC Market Data delayed at least 15 minutes Reports Get to know Mowi’s insights, analyses, and updates. Stay informed about our strategic initiatives, corporate governance practices, and long-term growth plans, providing valuable insights into our vision and commitment to creating sustainable value for our investors. View all reports Q1 2026 Results Report Presentation Appendix Webcast Annual Report 2025 Mowi Annual Report 2025 IR Contact The aim of Mowi’s investor relations activities is to contribute to correct pricing of Mowi’s shares and bonds by giving the capital market in-depth, relevant and accurate information about the company and its activities. Kim Galtung Døsvig* Investor Relations Officer & Head of Treasury Tel: +47 908 76 339 Email: kim.dosvig@mowi.com *To be contacted for hard copies of annual reports. Upon request, we will provide any of our shareholders with a hard copy of our complete audited financial statements free of charge. Investors newsletter Subscribe to our newsletter to stay informed about our investors news. I accept the Terms of Use. Share and bond Access essential information about Mowi’s financial performance here. From shareholder insights and bond details to dividends, we offer transparency and up-to-date data for investors. Explore reports, analyses, and tools to stay informed about our financial strategies and market activities. Learn more Corporate Governance Good corporate governance is instrumental in the development of Mowi’s shareholder values and investor confidence. The aim of Mowi’s IR activities is to contribute to correct pricing of Mowi’s shares and bonds by giving the capital market in-depth, relevant and accurate information about the company and its activities. Board of Directors Learn more Leif Teksum Kathrine Fredriksen Peder Strand Lisbet Nærø Kjersti Hobøl Aino Olaisen Monica Karlsen Eivind Kallbekken John Olav Johansen Group Management Learn more Ivan Vindheim Kristian Ellingsen Catarina Martins Øyvind Oaland Ben Hadfield Fernando Villarroel Ola Brattvoll Atle Kvist Kjersti Eikeseth Financial calendar View financial calendar 25 Mar 2026 Next Event Annual Report 2025 Add to calendar Apple Google Office 365 Outlook Outlook.com Yahoo Annual General Meeting Mowi ASA heldt its Annual General Meeting on 3 June 2026. The notice and protocol can be found in the links below. AGM Notice Protocol Annual General Meeting Mowi held its Annual General Meeting digitally June 3 2026 at 11:00 CEST. The notice and protocol can be found in the link below. AGM 2026 Notice AGM 2026 Protocol Remuneration Report More Documents Presentations Discover Mowi's latest presentations and reports, offering comprehensive insights into our company’s financial performance, strategic initiatives, and market developments. Stay informed with updates from key industry events, investor meetings, and corporate milestones. Read more Capital Markets Day Mowi’s Capital Markets Day offers investors, analysts, and stakeholders valuable insights into our strategic initiatives, financial performance, and growth outlook. Stay connected with the latest developments that shape our industry and drive Mowi’s long-term vision for success in the global seafood market. Read more Mowi’s Industry Handbook 2025 The Mowi Industry Handbook provides financial analysts, investors and other stakeholders with clear insight into the salmon industry. This handbook includes forward-looking statements that reflect Mowi’s current expectations and views on future events. All forward-looking statements included in this handbook are based on information available at the time of its release, and Mowi assumes no obligation to update any forward-looking statement. Salmon Farming Industry Handbook 2025 (PDF) View more Resources #Investors in News Go to news Aug 23, 2023 Another record-breaking quarter for Mowi Mowi recorded all-time high revenue of 1 365 million euros in the second quarter of 2023, compared with 1 232 million euros in the corresponding quarter of 2022. Operational profit was also strong at 300 million euros in the quarter. Mowi delivered yet another record-breaking set of results... Read more Mar 20, 2024 Mowi Annual Report 2023 2023 was another record year for Mowi and the company achieved several milestones. Operational earnings were all-time high at EUR 1 028 million. Revenue of EUR 5.5 billion was the highest ever driven by record-high volumes of 475,000 tonnes and higher achieved prices. Performance was stellar ... Read more Feb 14, 2024 Strong quarter to end another record year for Mowi Mowi recorded record-high revenues of 1.43 billion euros in the fourth quarter, compared with 1.36 billion euros in the corresponding quarter of 2022. Operational profit was 203 million euros in the quarter. The fourth quarter concluded another record-breaking year for Mowi. Revenues of 5.5... Read more Go to news Stock exchange filings Mowi is listed at the Oslo Stock Exchange. All company disclosures published by Mowi, including mandatory notifications of trade and required disclosures, can be found here. All company disclosures - archive Mandatory notification of trade - archive... Read more Resources Here you will find valuable insights into the salmon farming industry, including the comprehensive Mowi Industry Handbook. Additionally, you can resources such as financial statements, historical harvest volumes. Stay informed with the latest data and industry trends that help shape the future of salmon farming. Read more About us Our seafood Sustainability Investors Careers News Contact Media Follow our social media Mowi Global Copyright 2026 © Mowi Cookie settings Privacy Policy We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent. Read moreCookie SettingsReject AllAccept AllManage consent Close Privacy Overview This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. 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CookieDurationDescription_cfuvidsessionDescription is currently not available.routesessionNo description available. SAVE & ACCEPT Powered by ## Posts - Categories: Blog, General, Sustainability Mowi’s vision of Leading the Blue Revolution can only happen if we are all willing to accelerate our learnings and embrace change. Our vision brings both responsibility and mandate to be industry leaders on Research and Development and technical innovation in the entire value chain, helping to move the industry forward into an even brighter future. To achieve our goals, we have diligently over time built up world-leading R&D and technical capacities across our value chain which play an essential role in keeping Mowi at the forefront of the Blue Revolution. Mowi has the largest dedicated research and technical division in the salmon aquaculture industry. Our Global R&D and Technical Department, consisting of 17 technical experts from areas of marine biology, fish health, technology, data science, engineering, economy, nutrition and veterinary medicine, have the main responsibility for planning, coordinating and leading global R&D efforts in Mowi. The focus behind all innovation activities in Mowi, from small local initiatives to larger global research projects, is always the increased and improved production of sustainable, healthy and safe seafood. To accelerate this, our strategic investments in digitalising and automating our value chain - Mowi 4. 0 - are harnessing cutting-edge technology to help us use resources more efficiently, reduce waste, and farm with greater precision at every stage. The most exciting developments come from cutting-edge technologies that would have seemed like science fiction just years ago. In 2025, we further developed our Smart Farming technologies for improved fish health and welfare at every stage of salmon growth. With Smart Farming we are developing a fully digital integrated value chain through initiatives such as automatic feeding, real-time monitoring of biomass, digital lice counting, tracking fish welfare using artificial intelligence, next generation underwater cameras, lasers for lice control, closed containment systems for post-smolt production and subsea farming. Smart Farming projects also continue to be part of Mowi's focus to improve sustainability. The installation and optimisation of Remote Operation Centres, automation and digitalisation of water quality sensors, and net cleaning robots are contributing to making our farming operations more efficient and reducing GHG emissions by reducing the use of service vessels and associated fuel. Mowi Farming Norway is leading the way in this transformation, and within the next five years we expect to complete the roll-out of Smart Farming across our largest farming units. Thanks to all these technological advancements, the future is bright. Mowi 4. 0 is an integral part of our future, and we’re incredibly proud of our Research and Development teams helping us lead the Blue Revolution. - Categories: Corporate, General, Investors, News, Press Mowi had its second best first quarter ever with operational profit of EUR 221 million on seasonally record-high revenues of 1. 54 billion. Mowi began 2026 with more new records; the world’s largest salmon farmer delivered the second best operational profit for a first quarter to date and has never had better seasonal revenues and harvest volumes. Mowi harvested 136,000 tonnes in the first quarter and expects to harvest 605,000 tonnes in total in 2026, equivalent to 3. 5 billion salmon meals. This represents annualised growth of 8. 3%. Volume growth is one of Mowi’s strategic pillars and the farming business has seen impressive growth in recent years. In just a few years, Mowi has grown from a 400,000-tonne farmer to a 600,000-tonne farmer. “I am extremely impressed with my 11,700 colleagues around the world who continue to deliver record volumes, record earnings and not least extremely good operational and cost performance,” said Mowi CEO Ivan Vindheim. Salmon prices fell in the first quarter as a result of extremely high supply growth of 14%. Despite this, Mowi delivered relatively solid results for the quarter at EUR 221 million compared with EUR 214 million last year. Supply growth has now normalised and is expected to remain at 0% for the rest of 2026, and to be around 1% in 2027, according to Kontali. In the years to come, regulatory and associated technological constraints all indicate limited growth of around 1-2% per year. This, combined with good market prospects, means Mowi expects a tighter market balance going forward. As a result in part of good operational and biological performance, Mowi Farming’s costs in the quarter fell to 7. 3% below the same period last year. “Mowi’s strategy is to be the cost leader, and we are among the very best on cost in all the regions where we farm salmon. Our cost level in the first quarter represents a reduction of EUR 46 million year-on-year,” said Vindheim. Mowi Consumer Products, the group’s downstream processing business, delivered another solid quarter with record-high volumes for a first quarter of 70,000 tonnes product weight, up 21% year-on-year. The salmon market continued to grow in the quarter and increased in value by around 7%, driven by 14% consumption growth. Demand growth is still highest in Asia, with China leading the way, followed by the USA and then the more mature, but still growing, European market. “We expect this trifurcation of market growth to persist throughout 2026 and beyond, supported by current trends, consumption habits and market penetration. Accordingly, we will continue to grow our downstream footprint with an emphasis on where we see the highest growth potential,” said Vindheim. Mowi’s feed division, Mowi Feed, continues to deliver good results on strong operational performance. “Although the first quarter is low season for feed, we nonetheless experienced good demand from the farming division,” said Vindheim. “Expansion of the feed factory at Bjugn is complete and will form the basis for further organic growth in this part of the value chain. ” Mowi expects to sell 650,000 tonnes of feed in 2026, representing growth of 11% compared with last year. The board of Mowi has decided to pay a quarterly dividend of NOK 2. 30 per share. For more information, please contact: Kristian Ellingsen, CFO, +47 905 14 275 Kim Galtung Døsvig, IR Officer & Head of Treasury, +47 908 76 339 Ola Helge Hjetland, Communications Director, +47 970 67 932 About Mowi ASA Mowi is one of the world's leading seafood companies and the largest producer of farm-raised Atlantic salmon in the world, with an estimated 2026 harvest of 605,000 tonnes from seven farming countries including Norway, Scotland, Ireland, Faroes, Iceland, Canada and Chile. Mowi is a fully integrated global seafood company, bringing salmon and other seafood of supreme quality to consumers around the world, partly under its own MOWI brand. Mowi is ranked as the most sustainable listed animal protein producer in the world by Coller FAIRR. With headquarters in Bergen, Norway, Mowi employs 11 700 people in 26 countries worldwide, and is listed on the Oslo Stock Exchange. Turnover was EUR 5. 7 billion in 2025. - Categories: Blog, General At Mowi, we are committed to achieving a zero-fish-escape target. Escape incidents are very rare during a production cycle; however, due to unforeseen factors, fish may escape from our farming facilities. Salmon escapes are most commonly caused by severe weather, structural issues at farming sites, and human error. It is therefore critical that all of Mowi’s farming operations are risk assessed to minimise any potential for such events to occur. Escaped farmed fish can impact biodiversity. While scientific evidence indicates a low genetic risk to wild salmon in the unlikely event of an escape, we acknowledge our responsibility to minimise any interaction between wild and farm-raised fish. Mowi seeks to ensure no negative biodiversity impact and therefore has a policy in place to minimise the risk of escape incidents. Fish escapes are governed by our sustainability strategy, Leading the Blue Revolution, and the sustainability governance policy. Mowi’s business units in different localities have different standards, all of which ensure that installations used for aquaculture are correctly manufactured, installed, operated, and maintained to prevent escapes. Mowi operates to ensure the escape-proof design and operation of our sites, with every site having a site-specific escape mitigation plan that is known to all site employees. In the event of an escape, all equipment must be immediately inspected to determine the cause of the incident and repaired or rectified to prevent further escapes. Continuous R&D efforts prioritise testing farming equipment under severe weather conditions, and this work is completed alongside our suppliers. Mowi strives always to use best-in-class equipment across all sites and continuously refine our operational procedures, main equipment types, and support technologies in line with new knowledge, improved analytical tools, and rapid technological advancement. Working alongside our suppliers to ensure resilient equipment, Mowi implements technical requirements for our farming operations to prevent escapes. All employees who work with live fish must also undergo escape-prevention training annually. All site personnel are trained in Mowi’s Farming Excellence Programme - Zero Escape - and we have established a Global Escape Action Group to define key improvement priorities, track progress, and share lessons learned to ensure fish escapes are avoided at all costs. If any escape incidents occur, all are tracked and investigated for the cause of the incident for information sharing and learning. Mowi continuously seeks areas for improvement to achieve our target of zero escapes and ensure sustainable coexistence between aquaculture and the marine environment. Our priorities going forward to reduce the number of escape incidents include: Strengthening collaboration and training with equipment and service suppliers Improving our training programmes to minimise human error, ensuring that best practices for critical operations are followed Implementing anti-fouling strategies that reduce the need for net cleaning Working with wild fisheries associations on genetic introgression studies to better understand current levels of hybridisation and possible impacts on recipient wild populations As a global company, we are committed to achieving zero escape incidents and consistently uphold responsible operations to proactively reduce all associated risks. - Categories: Blog, General, Sustainability At Mowi, we believe the right way to supply a growing world population with healthy, nutritious, protein-rich products is by sustainably farming the ocean. Our vision is "Leading the Blue Revolution", and our ambition is to be a world-leading, integrated producer of seafood proteins. We care for every aspect of our salmon and are the only salmon producer with complete control over our value chain, from breeding through to the final product. Having an integrated value chain allows us to take the lead in all key areas, control our products from roe to plate, and be more proactive in addressing challenges. By controlling everything, we can provide precisely what is needed at every stage of the value chain. It gives clear provenance to everything we do and gives our customers transparency and certainty. It makes us more flexible and responsive, and able to answer customers' requests and address any concerns quickly and effectively. But, most importantly, it creates trust in what we do and how we do it. We hire the best in the industry to ensure expertise at each stage of our value chain, and we gather and exchange data, experiences, and practices from our global operations, which provide us with opportunities difficult to match or copy. Our unique breed We have worked with the same salmon strain since Mowi's beginnings in 1964, and we work hard to protect and develop our unique breed. We have our own breeding and genetics department, and our strategy is to produce our own eggs to secure the selection of the best genetic properties. We hold our own brood stock and invest significant efforts and resources to improve the performance, disease resistance, welfare and quality of the fish. Full traceability Customers appreciate the transparency of our supply chain and get complete insight into how Mowi operates. Consumers can trace the products on their plate back through the entire chain and see how we care for our salmon. Our farmers' focus is on the welfare of our fish. We hire the best vets, geneticists, researchers, and farmers, who share their knowledge and expertise in caring for fish through our global training initiatives. We produce our own feed to meet the nutritional needs of our fish at every life stage. The flexibility of our feed division enables us to respond to customer trends that would not be possible with external feed suppliers. Driving efficiency From feed to fork, we drive efficiency through our supply chain. Our logistics require precise planning, perfect timing, and seamless coordination. Thanks to our dedicated supply chain teams, we deliver salmon at its freshest, wherever our customers are in the world. From our sea farms to global markets, the journey never stops. It is only complete when our salmon reaches people - whether in a restaurant, on the street, or at home. We have 41 primary and secondary processing facilities across 19 countries, which allows us to adapt and evolve to meet customer demand. Having this level of control over our value chain is a deliberate decision by Mowi. It helps us stabilise costs, control product quality, and improve efficiency. Sustainability Our value chain control lets us set ambitious sustainability targets and make a positive impact on our planet. Practically, this includes sourcing sustainable feed ingredients, reducing greenhouse gas emissions, sourcing more of our electricity from renewable sources, and reviewing our plastic use at every stage of the business. This is all underpinned by investment in robust research and development by teams across the entire Mowi value chain, who continually explore how we can innovate and become more sustainable moving forward. A common goal At every stage of the value chain, we all work towards one shared aim. To provide a growing world population with delicious, healthy and nutritious food from the ocean, in a way that respects our planet and allows local communities to flourish. A product everyone at Mowi is proud of, every day. - Categories: Corporate, General, Investors, News, Press, Sustainability Mowi is one of the world’s leading seafood companies, ranked number one on both market capitalisation and sustainability. Mowi is also by far the world’s largest Atlantic salmon farmer with harvest volumes of 559 thousand tonnes in 2025 and expected volumes of 605 thousand tonnes in 2026, equivalent to a global market share of approximately 20%. The company has a fully integrated value chain from roe to plate. This integrated report sets out how we run our business and describes our vision, our ambition, our successes and our improvement areas in an open and transparent way. At every stage of the value chain, we all work towards one shared aim: To provide a growing world population with delicious, healthy and nutritious food from the ocean, in a way that respects our planet and allows local communities to flourish. A product everyone at Mowi is proud of, every day. You can find the 2025 Annual Report here. - Categories: Corporate, General, Investors, News, Press Mowi reported record-high revenues of EUR 1. 59 billion and operational EBIT of EUR 213 million in the fourth quarter. Mowi ended 2025 by once again setting a number of new records, both for the fourth quarter and for the full year. Norway’s largest food producer and the world’s largest salmon farmer has never had better revenues or harvest volumes than in 2025, with turnover of EUR 5. 73 billion and harvest volumes of 559,000 tonnes, equivalent to annual growth of 11. 4%. At 152,000 tonnes, volumes in the fourth quarter were also seasonally record-high. “I am delighted that we are delivering on our strategy and am impressed yet again by the way this whole organisation constantly strives for both record volumes and record revenues throughout the value chain. It is also pleasing to see that costs in Farming are down by EUR 197 million and are expected to fall even more in 2026,” Mowi CEO Ivan Vindheim said. Salmon prices increased as expected in the fourth quarter, rounding off a year marked by low prices resulting from extremely high supply growth of 12%. Despite this, Mowi delivered relatively solid results both for the quarter at EUR 213 million and for the full year at EUR 727 million, corresponding to a return on capital employed of 13. 3%. Volume growth is one of Mowi’s strategic pillars and the farming business has seen impressive growth in recent years. In just a few years, Mowi has grown from a 400,000-tonne farmer to a 600,000-tonne farmer. “2025 marked yet another record harvest year for Mowi and we expect to continue down this path by harvesting 605,000 tonnes in 2026. This represents annual growth of 8. 3%, compared with 1% expected industry growth. We have never had so much fish in the sea at this time of year, with 8. 7% more than at the same time last year. All of which positions us well for further growth,” said Vindheim. Mowi Consumer Products, the group’s downstream processing business, delivered another solid quarter and an impressive 2025 overall, setting both operational and financial records. The division ended the year with operational EBIT of EUR 197 million and record-high volumes of 265,000 tonnes product weight. Global demand for salmon continued to develop positively in 2025, and growth is particularly strong in Asia and America. With its global sales, logistics and processing footprint Mowi is uniquely positioned to take advantage of growth trends around the world. In 2025, Mowi strengthened its global brand presence and the MOWI brand is now present in 23 countries. “Our strategy is to redefine the salmon category and change the way salmon is sold. In 2025 we continued to expand the MOWI product range and increased branded volumes by 30%,” said Vindheim. 2025 was a year with abnormally high supply growth coming in the wake of several years of challenging biology for the industry. Supply growth is now normalised and is expected to be around 1% in 2026. In the years to come, the regulatory environment and technological barriers all indicate limited growth of around 1-2% per year. This, combined with good market prospects, means Mowi expects a tighter market balance going forward. Mowi’s feed division, Mowi Feed, also delivered another strong quarter with high volumes and record revenues. The same applied to the full year with earnings of EUR 67 million on 585,000 tonnes of feed. Mowi entered into a strategic and industrial partnership agreement with Nutreco-owned feed producer Skretting during the fourth quarter, which will secure Mowi the best performing feed at the lowest cost in the industry. This partnership is expected to deliver at least EUR 55 million in annualised net cost savings. The board of Mowi has decided to pay a quarterly dividend of NOK 1. 50 per share. For more information, please contact: Kristian Ellingsen, CFO, +47 905 14 275 Kim Galtung Døsvig, IR Officer & Head of Treasury, +47 908 76 339 Ola Helge Hjetland, Communications Director, +47 970 67 932 About Mowi ASA Mowi is one of the world's leading seafood companies and the largest producer of farm-raised Atlantic salmon in the world, with an estimated 2026 harvest of 605,000 tonnes from seven farming countries including Norway, Scotland, Ireland, Faroes, Iceland, Canada and Chile. Mowi is a fully integrated global seafood company, bringing salmon and other seafood of supreme quality to consumers around the world, partly under its own MOWI brand. Mowi is ranked as the most sustainable listed animal protein producer in the world by Coller FAIRR. With headquarters in Bergen, Norway, Mowi employs 12 500 people in 26 countries worldwide, and is listed on the Oslo Stock Exchange. Turnover was EUR 5. 7 billion in 2025. For more information, please visit mowi. com. - Categories: Corporate, General, Investors, News, Press (Bergen, 22 December 2025) Mowi ASA enters into a strategic and industrial partnership agreement with Skretting/Nutreco where Mowi produces feed based on Skretting’s feed formulation making Mowi an even better salmon farming company. Key highlights: Strategic partnership to deliver more than NOK 650 million (EUR 55 million) in annualised net cost savings through improvements in feed formulation and recipes, procurement and logistics. Mowi Feed with its two state-of-the-art factories to be retained as-is providing an expected EBITDA contribution in 2026E of NOK 825 million (EUR 70 million), and to capitalise on further tightening of the feed market in the coming years. Total EBITDA contribution of feed partnership with Skretting and retained Mowi Feed business unit of more than NOK 1,475 million (EUR 125 million). Total earnings of NOK 1,475 million (EUR 125 million) equivalent to an EBIT per kg (GWT) of NOK 2. 1 (EUR 0. 18) for Mowi Group, and NOK 2. 6/kg (EUR 0. 22) for Mowi Norway. This corresponds to NOK 1. 7 in earnings per share (EUR 0. 14). Skretting, the aquaculture feed business line of Nutreco group, is a leading global aquafeed manufacturer and supplier with advanced nutritional expertise and R&D capabilities. Partnership agreement to build upon Mowi and Skretting’s existing long-term commercial relationship, and Skretting to make available its proprietary know-how, R&D capacity, data and procurement capabilities for. With reference to the stock exchange release on 4 March 2025 when Mowi announced a strategic review of its Feed Division. The strategic review has now been concluded, and Mowi is pleased to announce that we have entered into a strategic and industrial partnership agreement with Skretting/Nutreco. Mowi Feed will continue to produce feed, and feed production will now be based on Skretting’s feed formulation. “Mowi and Skretting are a great match for each other, and the partnership with Skretting is our preferred outcome from the strategic review process. I am confident that teaming up with them will make Mowi into an even better salmon farming company. With this agreement, Mowi Farming secures the best performing feed in the coming years at the lowest cost in the industry. The partnership will deliver improved feed formulation and recipes for our European salmon farming operations which will drive significant cost improvements whilst ensuring top quality feed performance in the years to come”, said Ivan Vindheim, Mowi CEO. Making Mowi into an even better salmon farming company Skretting has been one of Mowi’s feed suppliers for decades, known for delivering high quality salmon feed at a competitive cost. As feed formulation has become increasingly complex in recent years, nutritional know-how and an R&D focus within feed have become even more important. Teaming up with a partner that is at the forefront of driving feed innovations and offers these specialised competencies has been of key strategic importance to Mowi in the review process, and Mowi will pay a small annual consideration for this. “We know the Skretting team extremely well and have enjoyed an excellent working relationship with them for decades. Now we are taking this cooperation to another level and formalising how we can drive innovations and cost improvements. This partnership model presents a low-risk solution for Mowi while ensuring cost savings from day one on improved feed formulation and optimised procurement and logistics”, Vindheim says. A key advantage of keeping Mowi Feed as-is with our excellent organisation and the two state-of-the-art feed factories in Norway and Scotland, is that Mowi will retain the embedded profit in the feed value chain. There is reason to believe that the feed market will continue to tighten in the coming years which will make this part of the value chain even more profitable. “The partnership model whereby Mowi Feed is retained gives us the best of both worlds; teaming up with Skretting with all the benefits that it entails and at the same time retaining Mowi Feed with an improved market outlook make this the most compelling solution”, Vindheim says. For further information, please contact: Kristian Ellingsen, CFO, Mowi, +47 905 14 275 Kim Galtung Døsvig, IR Officer & Head of Treasury, Mowi, +47 908 76 339 Ola Helge Hjetland, Group Communications Director, Mowi, +47 970 67 932 About Mowi ASA Mowi is one of the world's leading seafood companies and the largest producer of farm-raised Atlantic salmon in the world, with an estimated 2026 harvest of 605,000 tonnes from seven farming countries including Norway, Scotland, Ireland, Faroes, Iceland, Chile and Canada. Mowi is a fully integrated global seafood company, bringing salmon and other seafood of supreme quality to consumers around the world, partly under its own MOWI brand. Mowi is ranked as the most sustainable listed animal protein producer in the world by Coller FAIRR. With headquarters in Bergen, Norway, Mowi employs 12 300 people in 26 countries worldwide, and is listed on the Oslo Stock Exchange. Turnover was EUR 5. 6 billion in 2024. For more information, please visit www. mowi. com. - Categories: Corporate, General, Investors, News, Press Mowi reported revenues of EUR 1. 39 billion and an operational EBIT of EUR 112 million in the third quarter. In a quarter marked by low salmon prices due to high supply growth, Mowi delivered a solid result on record-high volumes. “Despite the quarter’s challenging prices it is pleasing to see that we continue to deliver well on both operations and growth. We have never produced more salmon than we did this quarter and we have never had more fish in the sea at this time of year. All of which positions us well for further growth,” said Mowi CEO Ivan Vindheim. Mowi harvested a record-high 166,000 tonnes in the third quarter and is raising its volume guidance for 2025 once again, this time from 545,000 tonnes to 554,000 tonnes, mainly as a result of consolidating Nova Sea from the fourth quarter. This corresponds to a growth of 10. 5% from 2024. Furthermore, Mowi expects to harvest 605,000 tonnes in 2026, up 9. 2% from the current year. Of this, 380,000 tonnes will be harvested in Norway. In just a few years, Mowi has grown from a 400,000-tonne farmer to a 600,000-tonne farmer, while simultaneously developing into one of the most profitable aquaculture companies through a strong focus on costs and operations. “It is positive to see that we have reduced our farming costs by a full EUR 50 million in the third quarter this year compared with the same quarter last year, and by EUR 126 million in the year to date. Furthermore, our standing biomass cost continues to develop positively on lower feed prices and other cost measures, which bodes well for next year’s realised production costs,” said Vindheim. Mowi Consumer Products, the group’s processing business, delivered its best quarter ever with very good operations, record-high volumes, and lower raw material prices. “Results in Mowi Consumer Products have improved significantly in recent years, not only due to better underlying operations, but also because Mowi benefits from being a fully integrated seafood company. Additionally, in the downstream segment, we can buy cheaper raw materials and exploit market opportunities in periods of falling salmon prices, as in 2025,” said Vindheim. Mowi’s feed division, Mowi Feed, also delivered a strong quarter with record-high earnings and its second-highest sales volumes ever. 2025 has been a year with abnormally high supply growth coming in the wake of several years of challenging biology for the industry. Supply growth is now normalised and is expected to be around 1% next year. This, combined with good market prospects, means Mowi expects a tighter market balance going forward. The board of Mowi has decided to pay a quarterly dividend of NOK 1. 50 per share. For more information, please contact: Kristian Ellingsen, CFO, +47 905 14 275 Kim Galtung Døsvig, IR Officer & Head of Treasury, +47 908 76 339 Ola Helge Hjetland, Communications Director, +47 970 67 932 About Mowi ASA Mowi is one of the world's leading seafood companies and the largest producer of farm-raised Atlantic salmon in the world, with an estimated 2026 harvest of 605,000 tonnes from seven farming countries including Norway, Scotland, Ireland, Faroes, Iceland, Canada and Chile. Mowi is a fully integrated global seafood company, bringing salmon and other seafood of supreme quality to consumers around the world, partly under its own MOWI brand. Mowi is ranked as the most sustainable listed animal protein producer in the world by Coller FAIRR. With headquarters in Bergen, Norway, Mowi employs 12 300 people in 26 countries worldwide, and is listed on the Oslo Stock Exchange. Turnover was EUR 5. 6 billion in 2024. - Categories: Blog, General, Sustainability Our sustainability strategy underpins our commitments to sustainable salmon farming practices by prioritising minimising our environmental impact. Our commitments ensure our business is future-proof and are aligned with the UN Sustainable Development Goals. Our farms adhere to stringent sustainability certifications to ensure they operate in an environmentally friendly manner. Some of our other efforts include controlling waste, freshwater stewardship, and implementing responsible feed practices. Sustainable Certifications Third-party certification is key to our sustainability strategy. Our target is to have 100% of our yearly harvest volumes 100% certified with a Global Seafood Sustainability Initiative (GSSI)-recognised standard, such as the Aquaculture Stewardship Council (ASC). The ASC is an independent not-for-profit organisation that aims to be the world’s leading certification for responsibly farmed seafood. The ASC’s primary role is to manage the global standards for responsible and sustainable aquaculture. Mowi continues to be a leader on ASC certification and we are proud to have achieved our target. Controlling Waste The amount of waste generated in today’s world is rising at an alarming rate. Waste often ends up in water bodies and the oceans, impacting wildlife and biodiversity. Reducing waste in the first place and using waste as a resource by promoting a circular economy are two essential components of our sustainability strategy. By 2030, our target is to achieve zero solid waste to landfill from waste generated from Mowi’s direct operations (feed, freshwater farming and processing plants). We also aim to have 100% of offcuts from our processing plants up-cycled into new products. Freshwater Stewardship Freshwater is key to Mowi’s operations, both to farm our fish and to keep the high hygienic standards at our processing plants. The majority of freshwater in our business is used to produce the initial life stages of Atlantic salmon. Such production is done in countries and areas with no water scarcity. Our sustainability strategy focuses on enhancing freshwater use efficiency at our processing plants without compromising our high hygiene standards. We also continue to invest in improving water use efficiency through technological innovations at our freshwater farming sites, where possible. By 2030, we aim to achieve a 10% reduction in water intensity (m3/ tonne of fish processed) at our processing plants located in high overall water risk. Responsible Feed Practices Sustainable sourcing of feed raw materials is a key component of our sustainability strategy as it reduces the risk and volatility in our raw materials supply chain. Our approach is to ensure full traceability of our feed raw materials, adhere to sustainable sourcing credentials, use feeds that lead to lower feed conversion ratios, and reduce the climate footprint of feed raw materials. By 2030, we hope to achieve 100% of feed raw materials are traceable, 100% of marine raw materials are certified, 100% of soy and palm oil are certified, achieve an inclusion of 10-15% ingredients from emerging feed raw materials, a lower FCR and a lower carbon footprint of feed raw materials. Our 2030 targets may be ambitious, but we are working tirelessly to deliver on them to honour the commitments in our sustainability strategy, and to expand global access to healthy and environmentally-friendly food from the ocean which will create a lasting, positive impact. - Categories: Blog, General Most of the salmon we eat today comes from aquaculture. Still, salmon farming has remained a controversial topic due to common misconceptions about the differences between wild salmon and farmed salmon. The main difference between wild-caught and farm-raised salmon is their environment and diet - wild salmon come from natural oceans and eat items found in the marine ecosystem, while farm-raised salmon are grown in controlled settings and fed a scientifically managed diet - neither of which impacts their nutritional profile. Colour It's a common misconception that the colour of farmed salmon is achieved through dyeing. However, whether farmed or wild, salmon get their colour from their diet and a natural pigment found in their feed. The supplements within our feed include carotenoids, which salmon naturally eat in the wild. Carotenoids are powerful antioxidants that help boost a salmon's immune system, and also produce vibrant colours in many plants and animals, like flamingos and salmon. Health benefits Farmed salmon has just as much nutritional value as its wild counterpart. A lot of science and innovation has gone into perfecting the diets and living conditions of farmed salmon to make sure they as closely replicate their wild counterparts. Farmed salmon diets are also carefully formulated to replicate the nutrients found in a wild salmon’s diet. While some may have personal preferences that can influence their impression of farmed and wild salmon, their nutritional profiles are nearly identical. Both wild and farmed salmon are excellent sources of lean protein, Omega-3 fatty acids, and other vital nutrients. Some even argue that farmed salmon is healthier than wild salmon because you can control its inputs. Where a wild salmon swims throughout the ocean and eats other wild fish and potentially other items that might be in the marine ecosystem, farmed salmon are fed a scientifically managed diet, in which everything the fish ingests can be accounted for. Ocean Resources Farmed salmon actually eat less fish than wild salmon. Mowi uses 0. 56 kg of sustainably sourced wild fish, like anchovies and sardines, to produce 1 kg of farm-raised salmon. This is called the Fish In, Fish Out (FIFO) ratio. We are working hard to source alternative, healthy ingredients for our fish feed so that we don't affect scarce marine resources. Environmental impact Both wild salmon and farmed salmon can be sustainable. Some people assume that salmon farming is unsustainable and has adverse impacts on the marine environment. However, Mowi's sustainable salmon farming practices prioritise minimising environmental impact. Efforts include controlling waste, managing water quality, and implementing responsible feed practices. Our farms adhere to stringent sustainability certifications to ensure they operate in an environmentally friendly manner. The seabed below our sites is regularly and widely monitored to ensure that there is plenty of life present to start regeneration. By farming within the environment's capacity, we know that we are leaving no permanent impact. When it comes to the wild salmon vs farmed salmon debate, neither type is inherently better than the other. It ultimately comes down to personal preference and both are nutritious and delicious options that can support our overall health. However, there are more obvious environmental benefits to choosing farm-raised salmon that help meet the growing demand for seafood and protect the remaining wild populations. - Categories: Corporate, General, Investors, News, Press Mowi generated operating revenues of EUR 1. 39 billion in the second quarter which translated into an operational profit of EUR 189 million. The second quarter of 2025 ended with record-high revenues for Mowi, on strong biological and operational performance, all-time high volumes and decreasing cost. “2025 has so far been a good year for the Farming division with very good operations and strong growth,” said Mowi CEO, Ivan Vindheim. Mowi harvested a record 133,000 tonnes in the second quarter, representing growth of 21% compared with last year. The company has consequently increased its volume guidance for 2025 to 545,000 tonnes on strong seawater growth, equivalent to annual growth of 9% from 2024. “It is satisfying to see that we are delivering on our strategy. With the recently concluded agreement to increase our ownership stake in Nova Sea from 49% to 95%, we expect to harvest at least 600,000 tonnes as early as next year, equivalent to a growth of 10% in 2026, and we are rapidly approaching our next milestone of 400,000 tonnes in Norway alone,” said Vindheim. In just a few years Mowi will have gone from producing 400,000 tonnes per year globally to producing 600,000 tonnes in 2026. This is equivalent to annual growth of 6. 1%, compared with the industry average of 3. 3%. This growth has mostly been achieved organically and Mowi still has a number of organic growth initiatives that are expected to contribute to further volume growth going forward. At the same time as Mowi’s volumes have grown, the total number of man-years has decreased and productivity increased by 36%. “It is extremely encouraging to see our production cost fall in the second quarter to its lowest level since 2022, something which has contributed EUR 49 million to earnings in the quarter. For the first half of 2025 this effect increases to EUR 67 million. This is in part the result of lower feed prices, but also reflects a range of cost-cutting measures undertaken by the organisation over time. I would therefore like once again to thank all my colleagues in Mowi for their relentless efforts day after day to improve the company’s operations,” said Vindheim. Mowi Consumer Products, the group’s value-added business, also delivered its best quarter yet, on first-rate operational performance, high volumes and lower raw-material prices. “Earnings in Consumer Products have improved significantly in recent years not only on better underlying operations but also because Mowi has captured more of the value creation as an integrated salmon company offering customers a better value proposition. In addition, when salmon prices fall, as they did in the second quarter, lower realised prices for our farming business result in cheaper raw materials for our downstream processing business, leading to better earnings for the latter,” Vindheim said. Mowi Feed also had a strong quarter with earnings and sold volumes both record-high for a second quarter. Demand for Mowi’s products continued to be strong in the second quarter. Total salmon consumption measured by value increased by 5% compared with the same period in 2024. So far, 2025 has been characterised by strong biology following several years of biological challenges. This has resulted in very high global supply growth in the year, reaching 18% in the second quarter, which has put pressure on prices. This supply growth has persisted into the third quarter, but we are now seeing more normalised production and more-or-less unchanged numbers of individuals in the sea compared with 2024. Therefore, the market expects only marginal supply growth in 2026 and, as a result, higher salmon prices. Mowi’s Board of Directors has decided to pay a quarterly dividend of NOK 1. 45 per share. For further information, please contact: Kristian Ellingsen, CFO, +47 905 14 275 Kim Galtung Døsvig, IR Officer & Head of Treasury, +47 908 76 339 Ola Helge Hjetland, Group Communications Director, +47 970 67 932 About Mowi ASA Mowi is one of the world's leading seafood companies and the largest producer of farm-raised Atlantic salmon in the world, with an estimated 2025 harvest of 545,000 tonnes from seven farming countries including Norway, Scotland, Ireland, Faroes, Iceland, Canada and Chile. Mowi is a fully integrated global seafood company, bringing salmon and other seafood of supreme quality to consumers around the world, partly under its own MOWI brand. Mowi is ranked as the most sustainable listed animal protein producer in the world by Coller FAIRR. With headquarters in Bergen, Norway, Mowi employs 11 800 people in 26 countries worldwide, and is listed on the Oslo Stock Exchange. Turnover was EUR 5. 6 billion in 2024. - Categories: Blog, General Since our inception in 1964, Mowi has maintained the same distinctive salmon strain - originally sourced from Norway’s Vosso and Åroy Rivers - and we have worked hard to protect and develop our unique breed. This continued breeding for excellence is what distinguishes Mowi from the competition and underpins our leadership in the industry. We are committed to supplying our farming operations with optimally sustainable and genetically superior salmon every year. Leveraging decades of expertise, sophisticated analysis methods and cutting-edge tools, our breeding and genetics teams meticulously select broodstock that exhibits robust health, resilience, and superior performance. We need our fish to thrive in all seasons, so we carefully select our salmon to ensure they will thrive in a variety of environments and climates by utilising our breeding expertise. We have a deep understanding of the characteristics of our salmon strains and a unique ability to tailor our breeding and genetics to the biological characteristics of our fish and their farming environments. This maximises the productivity and sustainability of our salmon populations. For example, in Scotland, our broodstock is specifically selected and bred, ensuring our stock is well-adapted to local conditions and future-proofing product quality. We have also developed our own production practices and infrastructure, enabling us to produce eggs with the best genetic properties in the desired volumes at the optimal time for all our farming units worldwide. We’re proud to hire the best in the industry to care for our fish at every stage of their life. This care and investment from our highly skilled breeding and genetics teams helps to ensure that our fish are happy and healthy. The end result is a product of supreme quality, packed full of nutritional goodness for our customers! - Categories: Blog, General - Formats: Image At Mowi, we work in harmony with the sea and caring for our fish is at the heart of what we do. Mowi uses a combination of farming techniques to ensure our salmon have the best start in life. Whether on land or at sea, we raise our salmon using various farming techniques that closely resemble a salmon’s natural life cycle. Typically, all salmon are anadromous, meaning they spend portions of their life in fresh and sea waters. Like wild salmon, farmed-raised salmon spend the first part of their life growing in freshwater. Freshwater is essential in the initial stages of farming to produce smolts prior to sea transfer. This involves several stages before the young salmon are ready for the sea. We optimise our land-based freshwater sites so that we can carefully control the environment during the most critical stage of a salmon’s life. Our teams closely monitor everything from water quality to temperature and oxygen levels, ensuring the best conditions and health for our salmon to thrive. Our salmon begin life as a small pea-sized egg and live in trays for approximately one month before hatching as tiny fish called alevin, which has a yolk sac that provides nutrition until they are large enough to feed themselves. Our salmon then move as fry to freshwater tanks, where they are first fed. They grow to parr until they’re ready to move on to the smolt stage and become young adult salmon. A selection of small salmon may also be transported from freshwater tanks to net pens at our freshwater sites to continue their growth before moving out to sea. When they are physically ready, our salmon are carefully transferred to our sea-based sites, ensuring we give them the best opportunity to thrive in outdoor conditions. When at sea, the fish stay in our net pens for up to two years until they are big enough to be harvested for market. At Mowi, we understand the benefits and challenges of farming on both land and sea, and we will always prioritise the health and welfare of our salmon when selecting growing technologies. - Categories: Blog, General, Sustainability At Mowi, we have recently implemented a new biodiversity strategy which ensures our commitment to a healthy environment and farming the ocean responsibly. A healthy marine environment is critical to salmon farming to produce our salmon under optimal conditions for them to thrive and be healthy. The aquaculture industry has some of the strongest regulations globally, particularly around environmental protection. Before a fish farm is consented to and developed, a significant amount of work goes into ensuring that that farm is unlikely to have any long-term impacts on the environment. Once the farm is consented to, there is an ongoing monitoring programme to ensure that the environment is protected. Mowi adheres to ongoing rigorous operations to ensure no negative impacts. For example, once our salmon are harvested, their home also becomes fallow (or empty) for a while. Similarly to agriculture, where farmers let the soil rest between harvesting crops, we leave our pens empty, which gives the seabed time to break down organic matter naturally and gives our farmers a chance to make any necessary repairs and upgrades to the farms. It’s a simple concept, but it plays a significant role in keeping the seabed healthy and our fish thriving. In recent years, Mowi Scotland conducted a three-year post-closure environmental study around the former Isle of Ewe fish farm on the northwest coast of Scotland. Through the operational life of fish farms, environmental effects are limited and managed by a robust regulatory framework underpinned by environmental standards that ensure the protection of the seabed and biodiversity. However, limited information was available on how the seabed responds following the cessation of fish farming operations. The aim of the study, which was conducted alongside delivery partners Benthic Solutions and Applied Genomics, and supported by Salmon Scotland, was to assess the environmental condition and trajectory of seabed recovery following the closure of the Loch Ewe fish farm. The project included monitoring seabed samples, habitat mapping, and an eDNA analysis covering a much bigger biodiversity profile. Over three years, the project concluded that the seabed can and will recover quickly. In 2020, 67% of the samples met the conditions for 'Good Ecological' status. In 2021, this percentage increased to 80%; in 2022, it increased to 93%; and in 2023, 100% of the samples met the conditions for 'Good Ecological' status. Reflecting on the results, Connie Fairburn, Senior Environmental Analyst at Mowi Scotland said: "There are many misconceptions about the environmental impact of the aquaculture industry. However, this project provides solid evidence that seabeds can recover upon cessation of fish farming operations. " At Mowi, we prioritise protecting the environment where we grow our salmon and our dedicated employees live and work. By farming within the environment's capacity, we know we leave no permanent impact. - Categories: Blog, General Caring for our fish lies at the heart of what we do, and our primary goal at Mowi is to raise healthy fish and protect their welfare at every stage of the farming process. Our approach to fish health and welfare is second to none. Our highly trained farmers, veterinarians and biologists care for our salmon to industry-leading health and welfare standards. From ensuring vigilance of fish behaviour, responsible medicinal treatment, optimal environmental conditions, and excellent quality feed and feeding practices, our expertise and genuine care ensure Mowi salmon are raised to industry-leading standards. Vigilance of fish behaviour We continuously invest in research and development to advance fish health and welfare in our operations. By using innovative technology, our knowledgeable farmers closely monitor the well-being of our salmon underwater, using real-time information on their health and tracking potential welfare issues such as water quality and risk of disease. Responsible medicinal treatment Our fish health and welfare management is focused on disease prevention, minimising suffering, and limiting the spread of disease if fish become ill. We will only intervene if a fish is in discomfort or distress, and thanks to improved innovation, we rarely use antibiotics. Still, when we do, they are prescribed and certified by our veterinarians and are regulated by authorities. Fish health treatments can be organic, medicinal or non-medicinal, and freshwater baths are provided when necessary to improve salmon health. Like other livestock in the UK, we vaccinate our salmon smolts to protect them from bacterial and viral diseases that can develop when exposed to the natural environment. Vaccinating our fish against common diseases allows us to maintain a significantly higher welfare standard by mitigating the impact of infections when they arise. Optimal environmental conditions We employ the best in the industry to ensure that the environmental conditions are optimal for the welfare and well-being of our fish. We use a combination of farming techniques to ensure our salmon have the best start in life. Whether on land or at sea, we raise our salmon using various farming techniques that closely resemble a salmon’s natural life cycle. Like wild salmon, farmed-raised salmon spend the first part of their life growing in freshwater. Our teams closely monitor everything from water quality to temperature and oxygen levels, ensuring the best conditions and health for our salmon to thrive. At Mowi, we extend the freshwater phase in our post-smolt facilities to enhance fish health and welfare by reducing their time in open waters. Only when they are physically ready are our salmon carefully transferred to sea-based sites, where they stay in our net pens for up to two years. Our salmon are also stocked at densities that safeguard their health and enhance performance, providing ample space to swim and express innate behaviour. Fully stocked, our ocean net pens contain 2. 5% fish to 97. 5% water, which gives every fish space to swim and school and ensures our salmon are healthy and of high quality. Quality feed and feeding practices At Mowi, we produce state-of-the-art feed to ensure the best possible fish health. Our world-leading research and development teams make sure that our fish receive the nutrients they require for optimal welfare. By sourcing high-quality ingredients and functional additives, we can meet our salmon’s nutritional needs throughout their life cycle. The ongoing implementation of Smart Farming technologies across Mowi feed enables us to deliver feed to our salmon through our innovative feeding systems and monitor feeding behaviour and appetite in real time using our camera-based feeding operations and feeding control centres. This improves fish health and welfare as we can make any necessary adjustments quickly and easily to ensure our fish are happy and healthy. As leaders of the Blue Revolution, we must maintain the highest standards in fish husbandry and welfare to ensure our salmon are healthy and happy. Our business depends on it so we can raise healthy seafood. - Categories: Corporate, General, Investors, News, Press, Sustainability Today was the official opening of the new post-smolt facility at Mowi's freshwater site in Haukå, Norway. The facility will become one of the world's most extensive post-smolt facilities. Mowi's CEO, Ivan Vindheim, opened the facility, officially concluding several years of construction work and 600 million kroner in investments. "This is a large and strategically very important investment for Mowi. With this facility, we will be able to produce healthy and sustainable food in an even better and more efficient way" said Vindheim. "This is not just a new large facility. It is a powerful symbol of growth, innovation and belief in the future. With this facility, we are taking an important step forward - for the company, for the employees and for our entire district. This major investment creates new jobs, strengthens local value creation and contributes to a vibrant district" - Director of Mowi Region West, Asgeir Hasund. With the expansion, Mowi has increased the number of employees at the facility from 11 to 25, including two apprentices. Together, they will produce 6. 4 million post-smolts per year with an average weight of 700 grams. Mowi is investing heavily in post-smolts in Norway and has invested almost two billion kroner in three facilities along the coast so far, with plans to invest in four other facilities that will increase the number of post-smolts by a further 20 million. CEO of Mowi Norway, Øyvind Oaland Oakland, said, "Post-smolts are a key part of the work to improve survival, welfare and productivity in the company. By keeping the fish on land until they are larger, we get a more robust smolt that needs significantly less time at sea. We have very good experiences with this so far, and our calculations show that we can almost halve both mortality and the number of delousing by using post-smolt". Mowi's CEO also used the opportunity to remind everyone that the industry requires stable and predictable framework conditions to carry out this type of investment along the coast. "These days, politicians are sitting in the Storting and will consider the government's proposal for new regulation of the aquaculture industry. This proposal will significantly reduce industry production, employment, and value creation, especially in Western Norway. I both believe and hope that the politicians understand that we as a nation cannot kick our feet under Norway's most important regional industry and ask the government to develop new and better-studied proposals for future regulations," said Vindheim. - Categories: Corporate, General, Investors, News, Press Mowi generated operating revenues of EUR 1. 36 billion in the first quarter which translated into an operational profit of EUR 214 million. The first quarter of 2025 brought increased revenues and results for Mowi compared with the same quarter last year, on strong biological and operational performance, along with improved volumes and cost. “So far, 2025 has been a very good year operationally and biologically which has resulted in high harvest volumes combined with seasonally record-high biomass in sea,” said Mowi CEO, Ivan Vindheim. Volume growth across the value chain is one of Mowi’s strategic pillars. The company harvested 108,000 tonnes in the quarter representing growth of 12% compared with last year. Mowi is maintaining its harvest volume guidance for 2025 of 530,000 tonnes, equivalent to annual growth of 6%. This is supported by seasonally record-high biomass in sea with 11% growth year-on-year. Taking into consideration the recent agreement to increase its ownership of Nova Sea from 49% to 95%, Mowi expects to harvest 600,000 tonnes next year. “Seawater production went very well in the first quarter, with improved growth, survival rates, feed conversion ratio and superior share,” Vindheim said. As recently as 2018, Mowi’s harvest volumes were 375,000 tonnes, hence the company will have grown its farming volumes by 155,000 tonnes by the end of 2025, which is equivalent to a CAGR of 5. 1% versus a projected CAGR for the industry of 3. 3%. This comprises mainly organic growth, and Mowi still has further organic growth initiatives that are expected to contribute to additional volume growth. Mowi Consumer Products, the group’s value-added business, had yet another strong quarter on good operational performance and high volumes. “Demand for salmon was good in the quarter and downstream earnings improved in Europe, Americas and Asia. At the same time, however, high supply growth put pressure on market prices,” Vindheim said. Global supply growth in the first quarter was as much as 13% in Europe and 8% globally, an effect that should be seen as a one-off correction following three years of challenging biology. Mowi expects supply growth to be 6% in 2025, before returning to trend growth of around 2-3% thereafter because of regulatory constraints. Mowi Feed also had a strong quarter with record-high earnings and sold volumes for a first quarter. “Mowi’s own feed continues to perform very well, constituting a crucially important contributing factor to our harvest volume growth of recent years,” said Vindheim. You can find the full report and the presentation here. - Categories: Corporate, General, Investors, News, Press 2024 was a record year for Mowi, and the company achieved several milestones. Operational revenue of EUR 5. 62 billion was the highest ever, driven by record-high volumes of 502k tonnes. In the Farming segment, seawater production was the best ever, and stocking of postsmolt to sea reached a new high. Furthermore, Mowi set new volume and revenue records in Consumer Products and Feed, as well as all-time high annual earnings in Feed. Operational EBIT for the group was EUR 829 million, equivalent to underlying earnings per share of EUR 1. 05. "In 2024, the company has delivered on its three strategic pillars – volume growth, cost competitiveness and sustainability. These achievements were only made possible by the dedication and hard work of my more than 12 000 colleagues across the globe," Mowi CEO, Ivan Vindheim, said. Our integrated annual report sets out how we run our business and describes our vision, our ambition, our successes and our improvement areas in an open and transparent way. To learn more about our performance in 2024, as well as our priorities for 2025 and beyond, read our integrated report here. Key achievements in 2024 Operational All-time high harvest volumes of 501 530 tonnes Highest revenues ever at EUR 5. 62 billion Best ever seawater growth performance in Farming Consumer Products with Operational EBIT of EUR 146 million on record-high volumes of 247 333 tonnes product weight Record-high Operational EBITDA for Feed of EUR 62 million. All-time high produced volumes of 582 061 tonnes Strong feed performance, and Mowi self-sufficient for feed in Europe. Strategic review of Mowi Feed initiated in 2025 FTEs reduced by a total of 3 161 on a like-for-like basis since the start of the productivity programme in 2020 In January 2025, Mowi entered into agreement to increase ownership in Nova Sea from 49% to 95% Financial Operational EBIT of EUR 829 million and Financial EBIT of EUR 759 million Return on capital employed (ROCE) of 15. 5% Completed 2024 cost savings programme with annual savings of EUR 42 million and initiated new global EUR 30 million cost savings programme for 2025 Mowi assigned BBB+ investment grade credit rating with stable outlook by Nordic Credit Rating Issued green bonds of EUR 298 million at good terms Strong financial position with covenant equity ratio at 49. 8% Dividends of NOK 6. 60 per share paid out in 2024 Sustainability Mowi ranked the top company by the Coller FAIRR Protein Producer Index for the sixth year in a row Reduced scope 1 and scope 2 GHG emissions by 39% compared to base year of 2019 Share of sustainable financing increased to 95% Priorities going forward Volume growth including realisation of postsmolt effects Continued cost and FTE focus Sustainability Improved volumes and profitability for MOWI-branded products Digitalisation and automation – Mowi 4. 0 Develop our people and leaders - Categories: Blog, General As the world's leading salmon farming company, our sales, marketing and product development teams work hard to supply and manage our healthy, nutritious, responsibly farmed salmon to consumers globally. Our core focus is always the customer, and our product teams are always striving to maintain and add value to our high-quality raw materials to make the product more accessible and delicious for consumers. Salmon: a superfood with huge potential The global demand for protein is increasing, and salmon has been one of the fastest-growing choices within this category, thanks to its universally recognised health benefits and its versatility with different cuisines around the world. Despite this growth, salmon remains a relatively small player in the protein market. The US, for example, is the largest single market for Atlantic salmon, but the average consumption per person is still just below two kilograms per year. Compared to other proteins, this presents a significant opportunity for growth. By highlighting the benefits and increasing the availability of salmon, Mowi aims to tap into this potential and encourage more consumers to include salmon in their diets. COO of Sales and Marketing, Ola Brattvoll, explains what gives Mowi a unique position in the market: "At Mowi, we care for every aspect of our salmon. “Thanks to our fully integrated value chain, we have full control over every aspect of our business. We invest in our facilities and hire the best in the industry to ensure expertise at each stage of our value chain. We gather and exchange data, experiences and practices from our global operations, which gives us the ability to innovate and adapt to demand and deliver better products to customers worldwide. “We are the largest producers in our industry and our global footprint means we have connections with all the major retailers. This, coupled with our reputation of having a high degree of product knowledge and innovation capacity, gives us a competitive advantage in the market. " The MOWI brand In 2019, we moved from a solely business-to-business model and launched our MOWI brand. In just six years, this brand has become the world's largest global salmon brand, and we are now present in 16 markets worldwide. Our mission for the MOWI brand is simple: to de-commoditise the salmon category. With the MOWI brand, our goal is to engage with customers, helping them understand the benefits of salmon and, more specifically, the advantages of choosing MOWI salmon. Through continuous investment in innovation, we provide consumers with more choices, higher quality, and added value. This benefits our brand and the experience of our retailers and their customers. To date, when the MOWI brand is introduced to a new retailer, it attracts new shoppers who typically have a higher income and a more diverse shopping basket. This means that our brand does not just sell salmon—it contributes to the overall growth of our retail partners. In this way, the MOWI brand is a win for both consumers and retailers. At its core, our brand is about creating value—for consumers, retailers, and Mowi as a company. The brand's success allows it to finance its marketing and advertising efforts, expanding shelf space and increasing awareness in the marketplace. Furthermore, the MOWI brand has allowed us to access new private label opportunities and non-Mowi branded business ventures. Andreas Johler, Managing Director of the MOWI brand, said of the success achieved to date: “The MOWI brand enables us to connect more meaningfully with consumers, offering products that meet the standards of modern life while setting new benchmarks for product excellence. Through the MOWI brand we deliver not only high quality salmon products, but also an experience that stands out in the competitive marketplace. “Our approach to products and product development is about more than meeting current market needs, it is about shaping the future of seafood consumption in the years to come, and we are excited to see the MOWI brand continue to grow as the demand for sustainable seafood increases globally. ” Looking ahead As we expand our reach and grow the MOWI brand in more markets, we will remain focused on delivering high-quality salmon to consumers worldwide. We will continue to invest in innovation, engage with our customers, and unlock new market potential. With the rising popularity of salmon and the potential of the product more widely, the future looks promising for the MOWI brand, our retailers, and our customers. - Categories: Blog, General, News At Mowi, the health and welfare of our salmon are at the heart of everything we do. We are committed to advancing sustainable practices, ensuring the well-being of our fish, and providing high-quality products for consumers worldwide. One of the most important advancements in modern aquaculture is post-smolt processing. This innovative approach allows us to rear larger, more resilient salmon before they enter our open sea pens. This strategy has been instrumental in helping Mowi achieve a record-high harvest volume of 502 tonnes of salmon in 2024. What is post-smolt processing? Traditionally, young salmon, known as smolts, are transferred from freshwater hatcheries to sea farms when they are much younger. However, moving smolts at this early stage can increase mortality rates, susceptibility to disease, and stress, undermining the aquaculture industry's sustainability efforts. Here at Mowi, we’re rethinking this process. By extending the freshwater phase in our post-smolt facilities, we can significantly enhance fish health and welfare whilst reducing their time in open waters. Our post-smolt strategy allows us to reduce the time Mowi salmon spend in sea by up to six months, substantially improving biological KPIs. Why does it matter? Extending the time our smolts spend in freshwater benefits the fish and the environment. By allowing smolts additional time to grow larger and stronger, they develop into healthier, more resilient salmon. This improves the quality of the final product and helps the fish withstand the harsher conditions of the open seas. Additionally, by shortening the time salmon spend at sea, we can reduce our overall environmental footprint, contributing to the industry’s long-term sustainability. As well as the fish health and environmental benefits, post smolt production is also a smart business decision for Mowi. It has been the instrumental factor in increasing our harvest volumes in recent years, increases license turnover and reduces costs. Turning ideas into action Mowi continually invests in our post-smolt facilities across our global operations. Our Nordheim hatchery in Norway is one example of how our commitment to innovation is shaping the future of aquaculture. We use cutting-edge technology to raise smolts on land, which can grow in highly monitored conditions before transitioning to pens in the sea. This meticulous approach ensures the fish are transferred in optimal conditions, reducing stress and maximising their chances of thriving in the ocean. In Scotland, when our salmon reach a specific size, they are transported from our indoor freshwater tanks to net pens at our freshwater loch sites to continue their growth before moving out to sea. These freshwater sites are much closer to the shore than our seawater sites, providing more protection to our smaller salmon. Although the process varies by region, the benefits of post-smolt remain consistent across our global farming operations, and we are committed to maximising the success of our salmon worldwide. A more sustainable future Post-smolt farming is not just about better fish welfare—it’s about building a more sustainable industry. By reducing the time our salmon spend at sea, we’re reducing our environmental footprint whilst producing high-quality salmon products to feed consumers worldwide. At Mowi, we remain committed to continuous improvement, investing in new technologies, and leading the way in responsible aquaculture. Our post-smolt strategy is already delivering success and will remain a key priority for Mowi as we continue to realise its benefits. - Categories: Blog, General The health benefits of omega-3 fatty acids, which are found in oily fish such as salmon, are well-known for their role in supporting major body organs, such as the heart, brain and eyes and helping them function normally. However, according to new research from the University of Zurich, omega-3, combined with vitamin D and exercise, could also slow biological ageing by as much as four months - offering a longer life and a healthier one. Led by Heike Bischoff-Ferrari from the Department of Geriatrics and Ageing Research at the University of Zurich, an international team of researchers examined 777 healthy people aged between 70 to 91 to see whether omega-3 could influence ageing at a biological level, which is a more accurate predictor of lifespan than chronological age. For the study, published in the journal Nature Ageing, the participants were given different combinations of treatments: taking omega-3 per day, and/or vitamin D per day, and/or exercising for 30 minutes three times a week, or none of the treatments. Researchers used ‘epigenetic clocks’, a method that measures biological markers on DNA linked to ageing, to track the participant’s health and longevity over three years. The results were impressive and most participants were found to have aged three months less, as measured by the biological markers. However, those who combined omega-3 with vitamin D and regular strength training showed the most significant anti-ageing effects, showing biological ageing up to four months less. While the study was focused on healthy and active older adults and led to a relatively small improvement in their biological ageing, it adds to the growing evidence that lifestyle choices – including having a healthy diet, vitamins, and regular exercise – can help slow the ageing process. Heike Bischoff-Ferrari said: “While the effects may appear small with three to four months of rejuvenation of biological age in three years if sustained, they may have relevant effects on population health. ” To learn more about the study, visit: https://www. nature. com/articles/s43587-024-00793-y - Categories: Corporate, General, Investors, News, Press Mowi generated record-high operating revenues of EUR 1. 50 billion in the fourth quarter which translated into an operational profit of EUR 226 million. Mowi ended 2024 with a string of records, for both the fourth quarter and the full year. The world’s largest aquaculture company has never had higher turnover and harvest volumes than in 2024 when revenue was EUR 5. 62 billion on 502,000 tonnes of salmon harvested. A harvest volume of 134,000 tonnes in the fourth quarter was itself a seasonal record. “I am extremely pleased that we have continued to deliver on our strategy and our goals, and I am impressed with the way the organisation was once again able to produce both record volumes and record revenues in 2024. Our margins show that we were once again competitive on cost in 2024, which is vitally important in salmon farming. Falling feed prices have also contributed to somewhat reduced costs, and we expect that trend to continue in 2025,” said Mowi CEO Ivan Vindheim. The company’s seawater production was very strong in the fourth quarter, and this has continued into 2025. “We have seen a significant improvement this winter compared with last year, in terms of much better growth in sea, higher survival rates, better feed conversion rates and improved quality. This bodes well for the rest of the year and has prompted us to adjust our volume guidance for 2025 upwards, from 520,000 tonnes to 530,000 tonnes,” said Vindheim. Mowi recently entered into an agreement with Vigner Olaisen AS to purchase their shares in Nova Sea, which will increase Mowi’s ownership of Nova Sea from 49% to 95%. Nova Sea is a leading salmon farmer in production area 8 in Northern Norway and is present in the entire value chain from broodstock and smolt production to harvesting and sales. The company expects to harvest 52,000 tonnes of salmon in 2025. Nova Sea and the Olaisen family are pioneers in the Norwegian aquaculture industry and the company is known for its strong biological performance and industry-leading margins. “With Nova Sea on board, we expect our volumes to reach 600,000 tonnes next year, and we will be well on our way to harvesting 400,000 tonnes in Norway alone. Mowi was harvesting 375,000 tonnes globally as recently as 2018, so our volumes will have grown by 225,000 tonnes in just a few years. This corresponds to annual growth of 6. 1% compared with 3. 1% for the wider industry,” said Vindheim. Volume growth across the value chain is an important strategic pillar for Mowi and the company has no plans to stop growing now. “We will continue to invest in the whole value chain and have a number of growth initiatives underway. Perhaps the most important of these is our postsmolt strategy, which is now starting to show results. We expect larger, more robust smolt to have a significant impact to our biological performance, including on fish welfare” Vindheim said. Mowi was recently ranked the most sustainable listed animal protein producer for the sixth consecutive year by the Coller FAIRR Protein Producer Index. The Coller FAIRR Protein Producer Index is the world’s most detailed sustainability assessment of meat, dairy and farmed fish producers in the world. Record year for Consumer Products and Feed Mowi Consumer Products, the group’s value-added business, had yet another strong quarter and year with record high operational profit of EUR 53 million for the fourth quarter and EUR 146 million for the year. Consumer Products also set a new volume record, producing 247,000 tonnes in the year, up 6. 5% on 2023. “We are seeing good retail demand for our products and continue to develop new and innovative high-quality products to keep up with new trends and consumers’ ever-changing needs,” Vindheim said. Mowi Feed also had another strong quarter, delivering record volumes and revenues. The full year was also record-breaking, with operational profit of EUR 62 million on 585,000 tonnes of feed. “Our feed division has seen substantial growth in recent years, most recently growing by 12% in 2024 compared with the previous year. With Nova Sea on board we will need additional feed capacity in Norway in order to continue to grow, therefore we are undertaking a 60,000-tonne expansion project at our feed plant at Bjugn, Norway, with expected completion in the second quarter of 2026,” Vindheim said. Mowi’s Board has decided to pay a quarterly dividend of NOK 2. 00 per share. The report is available on our reports page. For further information, please contact: Kristian Ellingsen, CFO, +47 905 14 275 Kim Galtung Døsvig, IR Officer & Head of Treasury, +47 908 76 339 Ola Helge Hjetland, Group Communications Director, +47 970 67 932 - Categories: Corporate, General, Investors, News, Press Mowi ASA has entered into an agreement with Vigner Olaisen AS to acquire its controlling stake in Nova Sea AS, leveraging the strong joint position in one of the world’s best areas for salmon farming. Key highlights: Mowi to pay NOK 7. 4 billion (EUR 625 million) for Vigner Olaisen’s 46% stake in Nova Sea through 30% settlement in Mowi shares and 70% in cash. The transaction values 100% of the equity in Nova Sea at NOK 16. 0 billion (EUR 1. 36 billion). Settlement for the 51% economic ownership of Nova Sea that Mowi does not already own will be approximately 27% in shares with the rest in cash. The transaction value implies an EV/EBIT of 9x if applying 3-years average margins for Mowi Norway Region North on Nova Sea’s expected harvest volumes. Meaningfully and immediately EPS accretive, even before potential synergies. An early assessment of annual synergy potential is NOK 400 million. Nova Sea and Mowi will have a leading position and will continue to invest in one of the world’s best areas for salmon farming, with an aim to further improve biological performance and fish health. Aino Olaisen will be proposed to the nomination committee as a new board member in Mowi. Nova Sea is a leading salmon farmer in production area 8 in Northern Norway and covers the entire value chain from broodstock and smolt production to harvesting and sales. The company expects to harvest 52,000 tonnes of salmon in 2025. Mowi has been a large minority owner in Nova Sea since 1995 and knows the company well. Mowi CEO, Ivan Vindheim, is impressed by what the company and its owners have achieved. “Nova Sea is a frontrunner in the Norwegian aquaculture industry and is known for its excellent biological performance and industry-leading margins. Over 50 years, the company and the Olaisen family have invested in the organisation and developed it into an impressive, fully integrated operation. It is therefore with great pleasure that we are now, after 30 years, combining our operations” said Vindheim. Mowi holds a leading presence in Northern Norway and will, together with Nova Sea, have an expected harvest volume of 157,000 tonnes of salmon in this region in 2025, as well as 367,000 tonnes in total for Norway and 572,000 tonnes worldwide. “Nova Sea and Mowi are a very good match and this combination will benefit the company, fish welfare and the whole organisation. Value creation and community building along the coast, and especially in Northern Norway, is very important to us. I believe this will create more value and more jobs in Nordland over time,” says Aino Olaisen, Chairman of the Board of Nova Sea. The largest shareholder in Mowi will propose to the nomination committee that Aino Olaisen is nominated Board member of Mowi after completion of the transaction. Synergies and fish health The integration is expected to yield significant synergies, including improved capacity utilisation by leveraging the location portfolio in Region North and by further strengthening biological performance through investments aimed at improving fish health. Preliminary synergy estimates are in the range of NOK 400 million on an annual basis. Transaction details Mowi today holds 49% of Nova Sea and will now acquire Vigner Olaisen's 46% in the company for NOK 7. 4 billion through a 30% settlement in Mowi shares and 70% in cash. The transaction values Nova Sea's equity at NOK 16. 0 billion. Net interest-bearing debt at year end 2024 was NOK 0. 5 billion. Nova Sea expects to harvest 52,000 tonnes in 2025, valuing the company at approximately NOK 290 per kg adjusted for value allocated to non-core assets. This corresponds to an EV/EBIT of 9x using 3-year average margins for Mowi Norway Region North, before synergies. Mowi will make a voluntary cash offer on similar terms to the shareholders owning the remaining 5% of Nova Sea for NOK 0. 8 billion. Settlement for the 51% economic ownership of Nova Sea that Mowi does not already own will be approximately 27% in shares with the rest in cash. Mowi will pay the cash consideration by drawing on the company's existing credit facilities. The transaction is subject to competition approval, including from the European Commission, in addition to certain other standard closing conditions. Mowi expects the transaction to be closed in the second half of 2025. Mowi and Nova Sea will hold a joint press conference in Norwegian in Bodø to present the transaction at 09:00. You can follow the webcast here. - Categories: Blog, General, Sustainability Mowi is at the forefront of technological advancements in aquaculture, and we are leading the way in sustainable salmon farming and food production. Our vision of Leading the Blue Revolution requires us to be industry leaders in research and development and technical innovation across the entire value chain, moving the industry forward into an even brighter future. “At Mowi we produce one of the healthiest, safest, and most sustainable foods in the world, something we consider both a privilege and a great responsibility. It gives us a sense of true purpose and it inspires us to continuously look for improvements throughout our value chain; to develop new knowledge, technology and solutions that make our fish thrive and our products superfood. ” Dr Catarina Martins, Chief Sustainability and Technology Officer. Mowi has more than 20 years of research and development experience. Our organisation is the largest in the aquaculture sector, with four research and development excellence centres offering impactful solutions. Our research and development networks are present in all of Mowi's farming countries where we operate. By harnessing cutting-edge technologies, Mowi's research and development team is revolutionising fish farming, enhancing fish health and welfare, and driving overall sustainability. Last year, we continued our digitalisation and automation journey from roe to plate, using our MOWInsight platform for data analytics to assist with our SMART Farming and SMART Factory concepts. SMART Farming Our advances in SMART Farming are transforming how we farm at sea and manage fish health, welfare, and biological challenges with real-time monitoring of our fish and the environment. By integrating cutting-edge technology at every stage of salmon growth, we can gather deeper insights into fish behaviour, health status, and well-being at our freshwater and sea sites. These technologies allow us to proactively identify and mitigate biological risks while informing us how best to care for our fish. SMART Farming is happening all across Mowi. It consists of three main elements that mutually reinforce each other to push our farming operations into the digital age: Remote Operations Centres: Help optimise feeding, improve biological performance, and meet each fish's needs. Seawater Technologies: Next-generation underwater cameras, sensors, and AI help us understand what is happening below the water's surface to best care for our fish. We do this through real-time biomass monitoring, tracking of fish welfare, autonomous feeding with pellet detection, and automatic stress-free lice counting. MOWInsight: This is the heart of our digitalisation effort and is a real game changer for Mowi. Our cutting-edge business intelligence platform delivers real-time data from both internal and external sources. This data ensures that decisions are made promptly and based on current insights should our fish need extra care. Digitalisation is transforming our value chain and how we care for our salmon. We have made significant progress in SMART Farming and set the ambitious target of completing the roll-out of these revolutionary technologies in Norway throughout 2025. SMART Factory Our SMART Factory technologies have been applied in various ways to automate and streamline our operations. Our SMART Factory concepts complement SMART Farming in our journey to manage a fully integrated supply chain effectively. We are implementing new technologies and experimenting with AI with the world's best technology vendors to assess how digitalisation can transform our factories. These technologies are applied in various ways to automate and streamline our operations. From primary processing and secondary processing all the way to our global MOWI brand, we are introducing: Data-driven decision-making through MOWInsight Global benchmarking and decision support for yield Overall equipment efficiency and labour efficiency SMART Factory Control Center for process optimisation, water and energy efficiency Vision technology to enhance automation and optimise processing efficiency while delivering top-quality products Hyperautomation of tasks, including automated documentation for regulatory compliance Market insights for optimising customer processes. Thanks to all these technological advancements, the future is bright. Mowi 4. 0 is an integral part of our future, and we're incredibly proud of our Research and Development teams helping us lead the Blue Revolution - Categories: Corporate, General, News, Press, Sustainability For the sixth consecutive year, Mowi has been named as the number 1 animal protein producer by the Coller FAIRR Protein Producer Index. The Coller FAIRR Protein Producer Index is the most detailed assessment of the world’s largest meat, dairy and aquaculture companies. Rankings for the 60 companies assessed are determined by a risk and opportunity score across critical environmental, social, and governance (ESG) issues. Speaking about Mowi’s ranking on the Coller FAIRR Protein Producer Index, Chief Sustainability and Technology Officer Catarina Martins said: "Mowi's relentless pursuit of excellence and sustainable practices has earned us the top spot in the FAIRR rating for the sixth consecutive year, underscoring our vision of Leading the Blue Revolution. Every day, we are dedicated to producing more healthy and sustainable food from the ocean. This year, we proudly maintained our leading position among the 60 largest global meat, dairy, and aquaculture companies on ten material themes aligned with the Sustainable Development Goals. I want to thank every Mowi employee for making this possible. " Mowi has consistently scored at the top of the Index since its inception due to its robust policies on responsible sourcing, animal welfare, environmental sustainability and more. About the Coller FAIRR Index The Index is designed to provide financial institutions with best-in-class data, analytics, and trends in the protein sector that they can integrate into their investment decisions and engagement strategies. It positively shapes global protein market trends by shedding light on where corporate policy or disclosure is behind the curve. It has become the go-to resource for investors to assess how well critical suppliers in the food chain are managing environmental, social and governance (ESG) risks: Greenhouse gas emissions Deforestation and biodiversity loss Water use and scarcity Waste and pollution Antibiotic use Working conditions Animal welfare Food safety Sustainability governance Alternative proteins For further information about The Coller FAIRR Index, visit: https://www. fairr. org/index/ - Categories: Blog At Mowi, equality, inclusion, and respect for diversity are the cornerstones of our corporate culture. We understand that diversity is critical to our success and we value the unique contributions that every individual makes. Mowi employs around 12,000 people in 26 countries worldwide, and we are focused on building a diverse workforce throughout the value chain. We work hard to create a workplace that is free from discrimination, and any recruitment, hiring, promotion, training, reward, and other advancement at the company is purely based on qualifications, performance, skills, and experience. We have a responsibility to set the standard for diversity in the aquaculture industry by calling out bias and addressing stereotypes. The principles of equality, diversity and inclusion are built into our Code of Conduct - fair, respectful, and ethical treatment of others is core to who we are. Our commitment is not just a policy – it is a core value that shapes our actions and decisions. As part of our commitment, we have introduced a variety of measures and policies, including mandatory training on diversity and equal rights. We have also launched our global diversity and inclusion programme which encompasses three strategic areas: Seek diversity Create inclusion Drive accountability Mandatory training on equal opportunities, non-discrimination and personal bias remains integral to the onboarding programme of every employee. Our annual Diversity Day highlights the importance and the benefits that diversity brings to us all. With a focus on celebrating the differences that make each of us unique, our employees around the world are encouraged to review and reflect on how we each take responsibility for ensuring our workplace is equitable and inclusive. “Diversity powers our innovation, drives our success, and enriches our workplace culture. We celebrate the individuality of our employees and recognise that each person’s unique journey contributes to our collective growth” Ivan Vindheim, Mowi CEO. We believe that a diverse and balanced workforce gives us an advantage in our business operation, our access to future talent, and maintaining our attractiveness as an employer. We will continue our efforts to build a strong culture and work together towards our diversity goals. With a focus on recognising and celebrating the differences around the world that make each of us unique, we can build a workplace in which diversity thrives and every voice is heard. Together, we can achieve greatness. - Categories: Blog Leading a Blue Revolution means joining a team with an openness to change and a drive for innovation. Our passion for everything we do sets us apart and keeps us leading the industry. Vinnie Mitchell is a valued member of our new product development team for Mowi Scotland. With over 25 years of experience in the seafood industry and eight years at Mowi, Vinnie's passion for salmon and creating new and delicious ways for customers to enjoy it remains as strong as ever. Our product development teams are setting new standards when it comes to seafood. With fifty specialists worldwide dedicated to new product development, we’re constantly working on hundreds of new ideas to help us stay ahead of trends. Based at our Rosyth site, Vinnie is a New Product Development Process Manager who works closely with our Chef to develop innovative product ideas. Vinnie thrives in this dynamic role that offers variety and collaboration, and working alongside a diverse team, he's constantly inspired to innovate and explore new ideas. Creativity and innovation are woven into every step of the Mowi value chain, especially within our product teams, who work tirelessly to ensure our products are market-ready to the highest standard for our customers. Like everyone at Mowi, Vinnie is passionate about Mowi salmon. After all these years, he still feels immense pride whenever he sees his products on store shelves. “From 25 years ago seeing my first product in the supermarket to then going in now and seeing my Mowi products, I’m proud of every single one of my products that make it to the shelf. ” From a young age, Vinnie knew he wanted to work in the food industry, starting his career as a Chef. He wasn't initially aware of the opportunities available within product development but now encourages others with a passion for food to explore a rewarding career at Mowi. "I would absolutely recommend a career at Mowi because Mowi is the biggest salmon producer in the world. There’s so many opportunities for roles here. ” Employees like Vinnie truly embody our core values, and we are grateful to have passionate people on our team in Scotland. If you have a genuine passion for the aquaculture industry, pride yourself on making a difference, and want the opportunity to build a fulfilling and life-long career with us, visit: https://mowi. com/careers/ - Categories: Corporate, General, Investors, Press Mowi generated record-high operating revenues of EUR 1. 44 billion in the third quarter which translated into an operational profit of EUR 173 million. “This was yet another good quarter for Mowi, with our best ever seawater production and harvest volumes of 161,000 tonnes. We’ve never had more fish in the sea, with biomass in sea up 4. 4% year-on-year at quarter end,” Mowi CEO Ivan Vindheim said. Mowi is well positioned to meet its harvest volume guidance for 2024 of a milestone 500,000 tonnes. Furthermore, record-high biomass in sea supports 2025 volume guidance of 520,000 tonnes, the first step towards Mowi’s next milestone of harvesting 600,000 tonnes of salmon, expected in 2029. 520,000 tonnes in 2025 represents growth of 145,000 tonnes since 2018, equivalent to 4. 8% CAGR vs. 2. 7% average for the industry. Continued growth in Mowi’s farming operations will in turn lead to growth in the company’s other two divisions – Consumer Products and Feed. “It is a privilege to work in an organisation that is always striving to improve and take the company to the next level. We aim to continue growing faster than the wider industry, by expanding our use of postsmolt and through increased smolt release. We expect another year with limited supply growth for the wider industry at 2% or lower,” Vindheim said. Mowi’s farming costs fell in the third quarter vs the first and second quarters on the back of lower feed prices and economies of scale on higher volumes. A continuing downward trend in feed prices is expected to contribute to further cost reductions, in addition to savings all across the value chain on the back of Mowi’s own cost savings programme worth EUR 300-400 million over the next five years. Mowi Consumer Products, the group’s value-added business, delivered record-high results in the third quarter on good operational performance, strong volumes and seasonally lower raw material prices. “We see good retail demand for our products, and expect demand in the restaurant sector to improve as consumer purchasing power increases fuelled by falling interest rates and rising wages,” Vindheim said. Mowi Feed delivered the best quarterly result ever, on all-time high earnings and record-high volumes. This positive volume development was driven by good seawater growth and demand from Farming. Report and presentation are available at our reports page. - Categories: Blog - Formats: Video At Mowi, our mission is to produce healthy, delicious, and sustainable salmon. We take pride in providing high-quality seafood to a growing global population, thanks to our passionate and committed employees whose expertise is essential in keeping our salmon happy and healthy. Marie Løyning is a Team Manager at our post-smolt hatchery in Fjaera, Norway. Located in rural Western Norway, Fjaera is home to just four local residents. Mowi is proud to have attracted thirty new employees to this small village and positively impacted the community by providing valuable employment opportunities. Marie studied Biomarine Innovation at the Norwegian University of Science and Technology. After completing her bachelor's degree, she began her career journey with Mowi Norway. Marie plays a crucial role in ensuring that our fish grow and thrive under the best possible conditions. "My favourite thing about working in Mowi is that I can work with biology, with the fish, and to produce food for the whole world. " We are grateful to have employees like Marie, who have a genuine passion for the aquaculture industry, pride themselves on making a difference, and take the opportunity to grow and develop within their careers. At Mowi, we foster a strong learning culture and believe in empowering our employees to take charge of their development. Mowi provides the resources and opportunities for learning and developing future skills, enabling our employees to build life-long careers with us. "I would definitely recommend a career in Mowi. It's a very fun company, and you get a lot of opportunities. " Leading a Blue Revolution means becoming part of a team dedicated to driving change and making a meaningful impact, where work is both fun and rewarding. We believe our passion for everything we do sets us apart and makes us an excellent employer. - Categories: Corporate, General, Investors, News, Press, Sustainability (Bergen, 26 September 2024) Mowi is today hosting a Capital Markets Day where the company presents its plans for continued volume growth from 500,000 tonnes to 600,000 tonnes in its farming division as well as further cost improvement in the order of EUR 300-400 million. The world’s largest farmer and value-added processer of salmon, Mowi, today hosts a Capital Markets Day in Trøndelag, Norway, where the company is presenting its plans and strategy to cement its leading position in the industry in the coming years. “After reaching a milestone 500,000 tonnes of salmon harvested in 2024, we are now looking ahead to the next milestone of 600,000 tonnes which we aim to fulfil in 2029,” Mowi CEO Ivan Vindheim said. “We will achieve this through better utilisation of license capacity, while also improving productivity and biological performance of existing production through our investment in postsmolt,” Vindheim continued. Furthermore, Mowi plans to reduce costs by EUR 300-400 million during the same period through an ambitious cost improvement programme. 600,000 tonnes and EUR 8. 5 billion in 2029 Mowi’s strategy is built on three pillars – volume growth, competitive costs and sustainability. The company has grown from producing 375,000 tonnes of salmon in 2018 to an expected 500,000 tonnes in 2024. Now Mowi plans to continue that trend. “We have grown faster than the rest of the industry in recent years, and our goal is to continue to do so in the future. By releasing more smolt and increasing our use of postsmolt we will be able to harvest 600,000 tonnes of salmon in 2029 thereby reinforcing our position as the world’s top producer of Atlantic salmon,” Vindheim said. Continued growth in Mowi’s farming operations will in turn lead to growth in its two other divisions, namely Consumer Products and Feed. “The rest of the supply chain will grow in line with farming going forward. To produce more salmon we need more feed, and more salmon means more raw material for our 20 secondary processing plants around the world,” Vindheim said The company estimates revenue growth of 7-8% per year over the next five years, resulting in revenue of EUR 8. 5 billion in 2029, compared with EUR 5. 5 billion in 2023. Mowi’s focus has been and will continue to be sea-based salmon farming and related technology. The company is nonetheless closely observing developments in other technologies and is prepared to adopt new technologies as and when the time is right and they show themselves to be profitable. Mowi is also looking to grow through selective acquisitions, provided they fit into the company’s operational strategy. EUR 300-400 million in cost improvements Mowi launched a cost improvement programme in 2018. Since then the company has saved over EUR 300 million through 1,700 different initiatives. “It is imperative for Mowi to be the cost leader throughout the value chain,” Ivan Vindheim said. “Today we are best or second best on cost in all the regions where we farm salmon, and we are also ahead in our downstream operations. However, in a world where our input costs are always increasing, and more and more is being demanded of us, we cannot rest on our laurels – cost improvements are more important than ever. We therefore plan to strengthen our position through a series of new measures, both biological and more general, through which we will cut EUR 300-400 million in the next five years,” Vindheim continued. In addition to the company’s postsmolt venture and the improvements in biological performance that it brings, Mowi’s digitalisation and automation strategy is also central to the company’s plans. “We launched Mowi 4. 0 in 2021 and since then have invested heavily in a range of measures to introduce greater efficiency and automation across our value chain. We are already seeing the positive impact this has had on sustainability, productivity and cost reduction, and we expect to reap further benefits in the years to come,” Vindheim said. Postsmolt strategy has huge effect on fish welfare The third and final pillar of Mowi’s strategy is sustainability. Earlier this year TIME Magazine listed Mowi as one of the 500 most sustainable companies for 2024, and highlighted the company’s corporate responsibility and sustainable practices. Mowi also emerged ahead of a strong field to be ranked the world’s most sustainable animal protein producer for the fifth consecutive year in the prestigious Coller FAIRR Protein Producer Index which assesses the sustainability performance of 60 of the largest publicly listed animal protein producers “Sustainability is a central theme all across Mowi’s value chain. That said, there is a particular focus on fish health and conditions in sea at this time. Mowi is investing heavily in postsmolt and Smart Farming solutions to improve fish health and survival rates,” Vindheim said. The release of larger smolt to sea leads to increased productivity, higher survival rates and generally better fish welfare. Next year, 25% of Mowi’s smolt will be postsmolt. In the relevant regions in Norway as many as 50% of all smolt released will be postsmolt in 2025, rising to 75% by 2029. “All indications are that releasing larger and more robust smolt to sea can increase survival rates by up to 50%, and reduce the number of lice treatments in certain areas by 40%,” Vindheim said. Smart Farming also has a positive effect on fish welfare according to Mowi’s CEO. “We are continuing to roll out our Smart Farming concept in Norway, meaning we are able to monitor far more closely each salmon’s behaviour and wellbeing, and can implement more targeted measures much faster than in the past. With the large numbers of sensors now installed at our many farming sites up and down the coast, we now have enormous quantities of data at our fingertips giving us growing insight and knowledge of our salmon and the conditions in sea in real time,” he said. Demand keeps on growing “One of the factors underpinning our industry’s success has been and will continue to be high consumer demand for salmon. The megatrends that in part are driving demand are stronger than ever. The trend for healthy living, increasing demand for sustainable proteins and not least the unique universal appeal of salmon make our product the natural choice for a steadily growing number of consumers,” Vindheim said. Mowi expects growth in demand for salmon to continue to exceed supply growth. “We constantly strive to improve and develop our products to keep up with consumers’ changing habits and tastes. Through our MOWI brand we aim to transform the way salmon is sold. At the same time it is important to recognise that salmon is still primarily sold as a commodity in a highly competitive market and it is essential for us to be the cost leader downstream as well. Our Smart Factory concept is therefore extremely important for our more than 30 factories worldwide. Our target is to cut EUR 60 million of costs in this part of the value chain in the coming years,” Vindheim said. The Capital Markets Day 2024 slide deck is available here. For further information, please contact: Kristian Ellingsen, CFO, +47 905 14 275 Kim Galtung Døsvig, IR Officer & Head of Treasury, +47 908 76 339 Ola Helge Hjetland, Group Communications Director, +47 970 67 932 About Mowi ASA Mowi is one of the world's leading seafood companies and the largest producer of farm-raised Atlantic salmon in the world, with an estimated harvest for 2024 of 500,000 tonnes from seven farming countries including Norway, Scotland, Ireland, Faroes, Iceland, Canada and Chile. Mowi is a fully integrated global seafood company, bringing salmon and other seafood of supreme quality to consumers around the world, partly under its own MOWI brand. With headquarters in Bergen, Norway, Mowi employs 11 500 people in 26 countries worldwide, and is listed on the Oslo Stock Exchange. Turnover was EUR 5. 5 billion in 2023. - Categories: Blog, General At Mowi, our goal is to empower our future leaders by building a learning culture that enhances career opportunities for our employees. In 2021, we proudly launched the Mowi Executive Programme in collaboration with the prestigious Harvard Business School, aimed at developing senior leaders for the future. Managers from all parts of the value chain participated and had the opportunity throughout the programme to access curated content, engage with Harvard Business School thought leaders and faculty in live sessions, and apply learnings to their work. The programme ran digitally, which proved highly successful and effective. It enabled managers to maintain high attendance and engagement and effectively obtain leadership skills. "Participating in the Mowi Executive Programme was an incredible opportunity that I eagerly embraced. My decision to join this programme came from a desire to enhance my skills, broaden my professional knowledge, and connect with like-minded individuals who are equally passionate about personal and professional growth. During the training, I learned a lot of useful information and got to practice new skills. The programme taught me about new techniques, problem-solving methods, and better ways to communicate. " Stefaan Ryckaert, Finance and BU Controlling Director. The programme strengthens leadership skills and competencies to ensure we have employees with business acumen who inspire people, seize business opportunities, and help transform our business into the future. "I liked the programme's formula because I could participate in lectures from Harvard teachers. At the same time, there were classes in groups consisting of Mowi Executive Programme participants from various departments of Mowi and different countries. " Mariusz Kiciński, Operations Director Central Europe. We are thrilled to announce that our collaboration with Harvard Business School will continue, paving the way for the next generation of business leaders. We eagerly anticipate our next cohort in 2025 and the opportunities it will bring for our employees. "I highly recommend the programme to anyone thinking about it for next year. The experience is very enriching and combines learning new things with practical experience. Whether you want to grow in your current job, explore new career options, or stay updated in your field, this programme provides the tools and inspiration you need. " Stefaan Ryckaert, Finance and BU Controlling Director. - Categories: Corporate, General, Investors, News, Press Mowi generated EUR 1. 34 billion in operating revenues in the second quarter which translated into an operational profit of EUR 230 million. Mowi generated EUR 1. 34 billion in operating revenues in the second quarter which translated into an operational profit of EUR 230 million. The improvement in results from the previous quarter was driven by good operations across all business areas, including seasonal record-high growth in sea and reduced farming cost. “Mowi harvested a record 110,000 tonnes of salmon in the second quarter. At the same time our biomass in sea was at an all-time high level at the end of the quarter, and up by 9. 4% from last year. This is impressive and shows that Mowi is well on track to deliver on our volume guidance of a milestone 500,000 tonnes this year. As recently as 2018 Mowi harvested 375,000 tonnes of salmon,” said Mowi CEO Ivan Vindheim. Volume growth is one of Mowi’s strategic pillars, and Vindheim is pleased that Mowi is yet again expected to significantly outgrow the market in 2024 with company growth of 5. 3% vs industry growth of 0. 8%. “Beyond 2024, we aim to continue to grow faster than the wider industry, through greater use of larger smolt and postsmolt in Norway and Scotland, and generally higher smolt stocking levels across our global farming footprint, enabling us to take advantage of organic growth opportunities,” he said. Sustainability is another important strategic pillar for Mowi. In June, TIME Magazine named Mowi in its list of the World's 500 Most Sustainable Companies for 2024, highlighting corporate responsibility and sustainable practices. “We are pleased to see that the international community continues to embrace not only Mowi’s ESG efforts, but also the Atlantic salmon’s unique product features which make it one of world’s most sustainable animal proteins,” Vindheim said. Mowi Consumer Products, the group’s value-added business, delivered increased earnings compared with the first quarter on continued good operational performance. “Increased earnings in the second quarter demonstrate good underlying performance. Having said that, earnings were held back by temporary market headwinds in the US and margin pressure in Europe from high raw material prices, however underlying demand for European salmon remains strong. In addition, we expect to see a gradual improvement in the American market as Western economies continue to recover, and on the back of falling retail prices” Vindheim said. For Mowi Feed, volumes were seasonally record-high on continued good feed demand in Europe, up by 14% compared with the second quarter last year. “Mowi’s own feed continues to perform very well with both feed consumption and net growth above industry benchmark levels. Sold volumes and earnings are expected to further improve in the second half in line with normal seasonal variation,” Vindheim said. The report and other relevant material are available on our reports page. For further information, please contact: Kristian Ellingsen, CFO, +47 905 14 275 Kim Galtung Døsvig, IR Officer & Head of Treasury, +47 908 76 339 Ola Helge Hjetland, Group Communications Director, +47 970 67 932 About Mowi ASA Mowi is one of the world's leading seafood companies and the largest producer of farm-raised Atlantic salmon in the world, with an estimated harvest for 2024 of 500 000 tonnes from seven farming countries including Norway, Scotland, Ireland, Faroes, Iceland, Canada and Chile. Mowi is a fully integrated global seafood company, bringing salmon and other seafood of supreme quality to consumers around the world, partly under its own MOWI brand. Mowi is ranked as the most sustainable listed animal protein producer in the world by Coller FAIRR. With headquarters in Bergen, Norway, Mowi employs 11 500 people in 25 countries worldwide, and is listed on the Oslo Stock Exchange. Turnover was EUR 5. 5 billion in 2023. - Categories: General, Investors, News, Press During the company’s second quarter financial update today, Mowi CEO Ivan Vindheim announced a strategic review of the Canada West business unit in response to continuing uncertainty with respect to the government of Canada’s policy on salmon farming in British Columbia. The government decision in Canada West (BC) does not affect Canada East and Mowi’s strategy for that region. In June 2020, the then Minister of Fisheries and Oceans announced a two year licence term to allow for the development of a transition plan for salmon farming in BC. The current Minister, the Honourable Diane Lebouthillier, committed to a reasonable. realistic and achievable plan for salmon farming in BC. On 20 June 2024, she announced a 5-year licence term to 30 June 2029 and a policy to move away from traditional marine salmon farms in the province of British Columbia (BC). “We are disappointed with the decision since traditional marine salmon farming is absolutely sustainable, thus the basis for the decision lacks scientific merit,” said Mowi CEO Ivan Vindheim. Minister Lebouthillier also committed to releasing further details including a draft plan for the required transition and the process for the consultation on the draft plan by 30 June 2024. A transition plan has still not been developed by the government. In the interim, following the political decision and ongoing delays in process, Mowi has initiated a strategic review of the Canada West business unit and will explore all available options before taking the appropriate action. Mowi Canada West will continue to work with all levels of government, federal, provincial, and Indigenous, to secure a future for sustainable salmon farming in BC and preserve important jobs and economic opportunities for rural coastal communities and the province. About Mowi ASA Mowi is one of the world's leading seafood companies and the largest producer of farm-raised Atlantic salmon in the world, with an estimated harvest for 2024 of 500,000 tonnes from seven farming countries including Norway, Scotland, Ireland, Faroes, Iceland, Canada and Chile. Mowi is a fully integrated global seafood company, bringing salmon and other seafood of supreme quality to consumers around the world, partly under its own MOWI brand. Mowi is ranked as the most sustainable listed animal protein producer in the world by Coller FAIRR. With headquarters in Bergen, Norway, Mowi employs 11 500 people in 25 countries worldwide, and is listed on the Oslo Stock Exchange. Turnover was EUR 5. 5 billion in 2023. - Categories: Blog, General We are proud to be celebrating 60 years of Mowi! Sixty years ago, on Norway's rugged West Coast, a group of visionaries embarked on a journey that forever changed the world of seafood. Our founders' ambition was not merely to farm fish, but to completely change the way fish were supplied. In 1964, three men started raising fish outside of Bergen, Norway. This marked the beginning of Mowi's adventure and a never-ending quest to make better use of the world's oceans in order to feed a growing global population. Our salmon's heritage begins with the original strong broodstock from the Vosso and Aroy rivers. While Mowi began in the early 1960s, the first eggs hatched during the winter of 1967. The first countries to request our fish were the United States, Japan, and France, and from there, our notion of harnessing the power of the ocean spread quickly around the world. Mowi's values and vision have never changed since our humble beginnings. We are proud to maintain complete internal control over our value chain, from farm to fork. Today, we are the world's largest salmon producer and have been rated the world's most sustainable animal protein producer. Our persistent dedication to sustainable food production and environmental conservation remains unwavering and is a testament to our enduring vision. Innovation has always been our cornerstone and we are happy to be at the forefront of technological advances in the aquaculture business. We are currently leading the way in sustainable salmon farming with our Mowi 4. 0 Smart Technology. Today, Mowi 4. 0 exemplifies those innovative intuitions by ensuring sustainable meals with care, passion, and an everlasting commitment to providing goodness for all. Mowi now employs 11,600 people in 26 countries, each of them a vital part of our success. We all have the same goal: to lead a Blue Revolution and feed a growing global population with healthy, sustainable, and delicious food. Our devoted and passionate employees are the heart of Mowi, and it is because of their hard work and dedication that we are able to serve 8 million meals per day. We are proud to lead the Blue Revolution and invite you to join us in celebrating our legacy, our pioneering spirit, and the future of sustainable seafood. - Categories: Blog, General At Mowi, we aim to maintain good relationships and a positive and meaningful coexistence with the local communities in which we operate. Our fish farms are located where the conditions best suit our salmon - in stunning, often rural and coastal communities. The aquaculture industry remains a significant global employer for these communities, and we cannot underestimate the importance of salmon farms. We’re proud to provide rewarding and long-term employment opportunities for a range of professional people, allowing them to live and work in these unique places whilst doing a job they are passionate about. In addition to providing valuable employment opportunities, we are committed to contributing to local communities. Wherever we can, we strive not only to support the local community but also to improve it, either by donating time, money, equipment, or, of course, Mowi salmon. We also use local suppliers whenever possible and strive to create a positive impact by investing in local infrastructure to boost the local economy. We encourage proactive efforts to engage locally to help prevent any negative impacts on surrounding communities due to our operations. Our community engagement programmes and voluntary certifications ensure good dialogue, sharing and collaborative work with local communities. Our relationship with the Indigenous communities in the territories where we operate is particularly significant. We deeply respect their right to participate in discussions and make decisions that affect their territory. Our success is intertwined with theirs, and we are committed to developing our business in a way that respects their interests. We’re proud to have supported many local communities and initiatives throughout 2023, including beach cleans, activities for children and youth, sports events, and environmental and cultural initiatives. Last year, Mowi held 163 events, and we spent over €1. 7 million sponsoring different local initiatives and events. During 2023, we also delivered more than 1,600 hours of volunteer work, and our events and programmes reached 108,000 people. Almost 15,000 of the people engaged were participating in or part of a programme focusing on well-being and sports, and over 31,000 people were engaged in healthy living and eating events. As we move forward, our commitment to supporting local projects, both financially and socially, remains unwavering. Mowi will continue to foster our relationships with local communities, ensuring their voices are heard and their needs are met. Moreover, we are dedicated to supporting local projects in sports, healthy eating, education, sustainability, and youth programmes, paving the way for a brighter future. - Categories: Corporate, General, Investors, News, Press Mowi recorded revenues of 1. 33 billion euros in the first quarter, compared with 1. 36 billion euros in the corresponding quarter of 2023. Operational profit was 201 million euros in the quarter. “The first quarter was challenging for Mowi in Norway due to winter sores and an unusually high prevalence of string jellyfish, in addition to a very cold winter. Consequently, I am pleased to see the situation in Norway has improved considerably in the second quarter. We are now vaccinating our smolt with an improved winter sore vaccine which has shown promising results so far, and we believe that this, together with other measures we are taking, will lead to a significantly improved situation next year,” said Mowi CEO Ivan Vindheim. Outside Norway, Mowi delivered strong biological performance in its six other farming countries during the quarter. “It is comforting to see biological improvements in Scotland compared with last year, and that our Chilean operation has coped well during the El Niño period. Mowi’s other farming regions abroad have also achieved good biological results in the quarter,” Vindheim said. As a result of improved biology, falling feed prices and scale effects, Mowi expects reduced production costs in the second half of the year. Mowi harvested 96 500 tonnes of salmon in the first quarter, leaving a seasonally record-high biomass in sea at quarter end. This, combined with improved biological performance in Mowi Norway so far in the second quarter, means that group volume guidance of record-high 500,000 tonnes for 2024 is re-iterated, marking a new milestone in Mowi’s 60-year history Furthermore, this would correspond to an increase of 5. 3% from last year, yet again significantly higher than the expected growth in the wider industry. Since 2021 Mowi has focused heavily on releasing larger smolt to sea. CEO Ivan Vindheim is certain that this strategy will lead to further growth and improved biological KPIs in the coming years. “By the end of 2024 Mowi will have capacity to produce almost 40 million postsmolt, equivalent to a share of approximately 25% of the group’s total smolt. In Norway, Mowi’s postsmolt share will be approximately 50%, when excluding Region North from the equation for natural reasons. This is expected to drive license utilisation higher and at the same time contribute to improved fish welfare and survival rates,” said Vindheim. Mowi Consumer Products, the group’s secondary processing business, delivered good operational performance in the first quarter, and increased sold volumes year-on-year on strong European retail demand. “European salmon prices have been strong so far this year, however, prices for American salmon have been weaker. We believe American salmon prices will strengthen over time as we see practically no supply growth this year and limited supply growth in the coming years,” said Vindheim Mowi Feed also had a good quarter, setting a new record for volumes sold in what is expected to be another year of all-time high volumes and earnings for the group’s feed operation following record-high harvest volumes for Mowi Farming. - Categories: Blog, General Our goal at Mowi is to provide delicious salmon while also encouraging a healthy diet and lifestyle. We are all aware of the numerous health advantages linked with salmon consumption, but how beneficial is it for you? Nutrient-dense foods such as salmon play an important role in meeting our individual dietary requirements without excess energy intake. The nutrients in salmon support optimal health and help to reduce the risk of a range of diseases and disorders. The Blue Foods Assessment also discovered that foods from the ocean, such as salmon, offer far greater nutritional benefits than other land-based animal foods. We’re proud to offer a high-quality product that has a taste and health profile that few other products can match. Our salmon is an excellent source of protein, vitamins, and minerals, which are important nutrients for people of all ages. However, it is the Omega-3 fatty acids that receive the most attention, and rightly so. Consumption of these essential Omega-3 fatty acids is proven to help maintain a healthy heart, reduce inflammation, support brain function and development, and lower blood pressure. In addition to being an excellent source of Omega-3, here are some of the many benefits that make our salmon a nutritional powerhouse: EPA & DHA: EPA and DHA are in cell membranes and help cells function properly. Marine Omega-3s prevent development of cardiovascular disease. Protein: Protein is a building block in muscles. At least nine amino acids are essential for humans, and all nine are present at balanced levels in our salmon. Vitamin D: Helps the body absorb calcium. Lack of vitamin D is associated with rickets in children and soft bones in adults. Vitamin E: Plays a role in our immune function and is an important antioxidant needed to protect cells. Vitamin B12: Helps red blood cells form and keeps the nervous system healthy. A lack of vitamin B12 can cause a form of anaemia. Selenium: Selenium helps cognitive function and fertility for men and women. Lack of selenium leads to weakening of the heart muscles and increased risk of cardiovascular disease. Iodine: Iodine plays a vital role in our metabolism and a deficiency can lead to reduced growth and mental decline. It is particularly vital for pregnant women to aid the growing baby’s development. Total fat: Salmon is rich in the very long chain fatty acids which are essential for our health and are needed to ensure cells function well. Mowi salmon is not just an incredible superfood, but it is also extremely versatile. It is now easier than ever to prepare a well-rounded and appetising meal by pairing it with plant-based foods such as vegetables, fruit, legumes, whole grains, and nuts. Health authorities and nutritionists from around the world recommend that you include at least one portion of oily fish, such as salmon, into your diet every week. By doing this, your body and mind will reap the benefits! - Categories: General, Investors, News, Press, Sustainability - Tags: investors 2023 was another record year for Mowi and the company achieved several milestones. Operational earnings were all-time high at EUR 1 028 million. Revenue of EUR 5. 5 billion was the highest ever driven by record-high volumes of 475,000 tonnes and higher achieved prices. Performance was stellar in all three business areas – Farming, Consumer Products and Feed. The company has delivered on its three strategic pillars – volume growth, cost competitiveness and sustainability. These achievements were only made possible by the dedication and hard work of Mowi’s employees across 26 countries. Our integrated annual report sets out how we run our business and describes our vision, our ambition, our successes and our improvement areas in an open and transparent way. To learn more about our performance in 2023, as well as our priorities for 2024 and beyond, read our integrated report here. Key achievements in 2023 OPERATIONAL Harvest volumes of 474 664 tonnes, all-time high Highest revenues ever at EUR 5. 5 billion All time high operational EBIT of EUR 1 028 million on first-rate operational performance in all business areas. Best ever relative seawater growth performance in Farming Improved survival rate and average harvest weights vs. last year Arctic Fish (Mowi Iceland) fully consolidated from January 2023 Consumer Products with highest ever Operational EBIT of EUR 152 million on strong volumes of 232 169 tonnes product weight improved yield and strong operational performance Record-high Operational EBITDA for Feed of EUR 52 million. Produced volumes of 527 751 tonnes Strong feed performance, and Mowi self-sufficient for feed in Europe. The Norwegian plant reached a new milestone with production of 404 538 tonnes of fish feed FTEs reduced by a total of 2 189 on a like-for-like basis since the start of the productivity programme in 2020, equivalent to 15% productivity improvement FINANCIAL Best ever Operational EBIT of EUR 1 028 million and Financial EBIT of EUR 981 million Return on capital employed (ROCE) of 19. 3% Completed 2023 cost savings programme with annual savings of EUR 55 million and initiated new global EUR 25 million cost savings programme for 2024 Exercised accordion option to increase bank facility by EUR 200 million to EUR 2 000 million. Refinancing of Arctic Fish with new EUR 170 million three-year facility Long-term NIBD target increased from EUR 1 400 million to EUR 1 700 million on the back of of recent years' growth and improved debt-servicing capacity. Strong financial position with covenant equity ratio at 48. 4% Dividends of NOK 7. 20 per share paid out in 2023 SUSTAINABILITY Mowi ranked the top company by the Coller FAIRR Protein Producer Index for the fifth year in a row Improved safety record with all-time low rolling LTIs per million hours worked Reduced scope 1 and scope 2 GHG emissions by 36% since 2019 Share of sustainable financing increased to 94% Priorities going forward Volume growth including realisation of postsmolt effects Continued cost and FTE focus Sustainability Improved volumes and profitability for MOWI-branded products Digitalisation and automation – Mowi 4. 0 Develop our people and leaders - Categories: Blog, General - Formats: Image Every day, more than 8 million Mowi meals are enjoyed around the world. Our salmon is a high-quality product with a taste and nutritional profile that few others can match. In recent years, consumers have shown a growing interest in health and well-being. According to Mintel's 2023 Global Food and Drink Trends research, 57% of individuals now define great value in food as increased nutritional benefits, such as high protein content. Because of the associated health benefits, health authorities around the world recommend that people consume two or three servings of seafood per week, with at least one serving consisting of oily fish such as salmon. Not only is salmon an everyday superfood that provides necessary vitamins, minerals, omega 3 fatty acids and other nutrients, but it also contains a high level of protein that can’t be found in plant-based or other animal foods. Protein is a building block in muscles and is essential for the structure, function, and regulation of human tissues and organs. But how much protein is in Mowi salmon, and what are the health benefits? A single serving of Mowi salmon provides 34% of your necessary daily protein intake while providing much fewer calories than red meat. A 100g portion of Mowi salmon has 139 calories and 23g of protein. Salmon's ability to supply this degree of nutrition is an excellent reason to choose seafood over other animal proteins. Other health benefits derive from the protein and amino acid content of salmon. Protein is essential for the structure, function, and regulation of human tissues and organs. Salmon is a 'complete protein', which means it includes all nine necessary amino acids in balanced amounts that humans require. With the potential for the ocean to provide over six times more food than it does today, salmon farming is one of the most efficient ways of using natural resources to produce healthy, protein-rich meals for a growing world population, making Mowi salmon an excellent addition to your weekly menu. - Categories: General, Investors, News, Press - Tags: investors Mowi recorded record-high revenues of 1. 43 billion euros in the fourth quarter, compared with 1. 36 billion euros in the corresponding quarter of 2022. Operational profit was 203 million euros in the quarter. The fourth quarter concluded another record-breaking year for Mowi. Revenues of 5. 5 billion euros, operational profit of 1,028 million euros and harvest volumes of 475 000 tonnes in 2023 were all record-high. “I am extremely grateful for the hard work and dedication of my 11,500 colleagues around the world that has led to record results and stellar performance in Mowi’s three business areas – Farming, Consumer Products and Feed – in 2023,” Mowi CEO Ivan Vindheim said. All-time high farming volumes Volume growth across the value chain is one of Mowi’s strategic pillars. Growth within Mowi Farming has been strong in recent years, and 2023 marked another good year with all-time high harvest volumes of 475 000 tonnes, equivalent to growth of 2. 4% vs global supply contraction of 2. 5%. Mowi harvested 129 234 tonnes of salmon in the quarter. Full-year harvest volume guidance for 2024 is maintained at 500 000 tonnes. “As recently as 2018, harvest volumes were 375 000 tonnes, hence we will have grown our farming volumes by as much as 125 000 tonnes by 2024. This is equivalent to annual growth of 4. 9% versus a projected growth rate for the industry of 2. 9%. This is mainly organic growth, and Mowi still has further organic growth initiatives that are expected to contribute to additional volume growth, of which the most important one is perhaps the postsmolt programme we launched at our Capital Markets Day in 2021,” Vindheim said. By the end of 2024 Mowi’s postsmolt capacity will be almost 40 million postsmolt, equivalent to approximately 25% of the group’s total smolt. In Norway, Mowi’s postsmolt share will be approximately 50% when the naturally more resilient Region North is excluded from the equation. This is expected to drive license utilisation higher and improve Mowi’s sustainability credentials yet further through shorter production time in sea and improved survival rate. Record year also for Consumer Products and Feed Consumer Products had another solid quarter and an outstanding 2023, yet again setting operational and financial records on strong consumer demand. Operational profit of 152 million euros and volumes of 232,000 tonnes product weight in 2023 were both new records for the group. “These are impressive results, and I think it is fair to say that Consumer Products’ relentless focus on operational excellence over the past few years has really started to pay off,” Vindheim said. Mowi Feed delivered a good fourth quarter result and can also celebrate its best year so far with an operational EBITDA of 52 million euros. “Volumes produced in Norway reached the impressive milestone of 405,000 tonnes for the full year following strong growth in sea and consequently good feed demand,” Vindheim said. Total amount of feed sold reached 523,000 tonnes for the year. Mowi’s Board has decided to pay a quarterly dividend of NOK 1. 90 per share. The reports and presentations are available on our reports page. For further information, please contact: Kristian Ellingsen, CFO, +47 905 14 275 Kim Galtung Døsvig, IR Officer & Head of Treasury, +47 908 76 339 Ola Helge Hjetland, Group Communications Director, +47 970 67 932 - Categories: Corporate, General, News, Press, Sustainability For the fifth consecutive year, Mowi has been ranked the most sustainable animal protein producer by the Coller FAIRR Protein Producer Index. The Coller FAIRR Protein Producer Index is the most detailed assessment of the largest meat, dairy and farmed fish producers in the world. Rankings for each of the 60 companies assessed are determined by a risk and opportunity score across environmental, social, and governance-related criteria including greenhouse gas emissions, deforestation and food safety. Speaking about Mowi’s ranking on the Coller FAIRR Protein Producer Index, CEO Ivan Vindheim said: “This shows again that Mowi is at the forefront of sustainable food production. I am proud and humbled to lead an organisation that is a recognised leader in sustainable food production. ” Mowi has consistently scored at the top of the index since its inception, due to its robust policies on responsible sourcing, animal welfare, environmental sustainability and more. Chief Sustainability and Technology Officer, Catarina Martins, added: “Our ultimate goal is to unlock the potential of the ocean to produce more food for a growing world population in a way that respects our planet, so we are extremely proud to be named the most sustainable protein producer and see our hard work recognised once again. ” Salmon stands out The 2023 report found that aquaculture companies, primarily salmon companies, continue to perform better than land animal protein producers. In fact, Mowi is joined in the top three ranked companies by fellow aquaculture companies Lerøy Seafood Group ASA and Grieg Seafood ASA, both also headquartered in Bergen, Norway. “Three Norwegian salmon companies on top is impressive and reinforces the recognition of Norwegian salmon farming as frontrunners on sustainability,” Martins said. About the Coller FAIRR Index The Index is designed to provide financial institutions with best-in-class data, analytics and trends on the protein sector to integrate into their investment decisions and engagement strategies and is positively shaping trends in the global protein market, by shedding light on where corporate policy or disclosure is behind the curve. It has become the go-to resource for investors to assess how well key suppliers in the food chain are managing environmental, social and governance (ESG) risks: Greenhouse gas emissions Deforestation & biodiversity Water use & scarcity Waste & pollution Antibiotics Working conditions Animal welfare Food safety Sustainability governance Alternative proteins For further information about The Coller FAIRR Index, visit: https://www. fairr. org/index/ - Categories: Corporate, General, Investors, News, Press - Tags: investors Mowi recorded all-time high revenue of 1 365 million euros in the second quarter of 2023, compared with 1 232 million euros in the corresponding quarter of 2022. Operational profit was also strong at 300 million euros in the quarter. Mowi delivered yet another record-breaking set of results in the second quarter, driven by strong operational performance in all business areas in addition to good prices. “Strong volumes, good salmon prices and, most importantly, excellent operational performance by my 11 500 colleagues across the world, resulted in a new record-breaking quarter for Mowi. I am very pleased to see continuous improvement over time throughout the value chain,” Mowi CEO Ivan Vindheim said. Mowi harvested 107 500 tonnes of salmon in the quarter, above guidance of 104 500 tonnes. Full-year harvest guidance for 2023 remains unchanged at an all-time high 484 000 tonnes, equal to growth of 4. 4% year-over-year. This is above projected industry growth of 0. 6% and continues Mowi’s solid growth trajectory which has surpassed that of the wider industry since 2019. “Our growth in harvest volumes in recent years is encouraging. In the second quarter, biological performance was positively impacted by improved production and survival rates compared with one year ago,” Vindheim said. Consumer Products delivered a seasonally record-high quarter on strong yields and improved operational efficiency. Consumer demand continued to be good, volumes improved, and average prices increased. “I am impressed by the organisation’s commitment and performance both upstream and downstream. We continue to capture market share and capitalise on our advantages as a global, integrated company. Our branding efforts continue unabated, and the MOWI brand now has a truly global footprint, being present in 18 markets, with focus on further growth,” Vindheim said. Mowi’s feed division also had a strong quarter, recording its best-ever second quarter earnings. “Sold volumes were seasonally record-high on the back of continued strong growth in sea, which demonstrates the high quality of our feed. Feed composition, effective sourcing, feed performance analysis and collaboration between Feed, Farming and R&D divisions are all key ingredients for the success of our feed strategy,” Vindheim said. On 31 May, the Norwegian Parliament approved the implementation of a 25% resource rent tax on salmon farming with effect from 1 January 2023. Including corporate taxes this equates to a marginal tax level of 47%. “We are of course very disappointed by the Parliament’s decision, which has already proved costly for value creation in the industry as investments worth NOK 40 billion have been put on hold. However, we have not given up on turning this around. We also intend to pursue our legal interests,” Vindheim said. Mowi’s Board has decided to pay a quarterly dividend of NOK 2. 00 per share. You can find the Q2 report and the presentation on our reports page. - Categories: News (Bergen, 10 May 2023) Mowi recorded all-time high operational profit of 322 million euros in the first quarter of 2023, compared with 207 million euros in the corresponding quarter of 2022. Mowi also recorded the highest revenue ever of 1 362 million euros. The first quarter of 2023 was characterised by seasonally record-high salmon prices due to reduced global supply and good demand. “High prices and stellar operational performance by my 11 500 colleagues in 25 countries across the world made the first quarter Mowi’s best quarter ever. Compared with the first quarter last year, we are performing better on almost all indicators,” Mowi CEO Ivan Vindheim said. Mowi harvested 103 000 tonnes salmon in the quarter, above guidance of 98 000 tonnes. In 2022 Mowi harvested 464 000 tonnes, a record-high level at the time, and Mowi expects to grow this further in 2023 to 484 000 tonnes. From volumes of 375 000 tonnes as recently as 2018, Mowi will have grown its farming volumes by as much as 109 000 tonnes in five years, or 5. 2% p. a. , which is above industry growth. “Mowi's goal is to continue to capture market share in the salmon category in the coming years by growing our farming volumes, both organically and acquisitively,” Vindheim said. Mowi Consumer Products had another solid quarter, delivering seasonally record-high results on outstanding operational performance and continuing to achieve good sales to retail, partly helped by Easter and Lent season. “Mowi’s branding activities continue unabated with the MOWI brand now present in 18 countries; we are focused on continuing to grow with our customers, with the ultimate goal of de-commoditising the salmon category,” Vindheim said. Mowi Feed’s sold volumes were record-high for a first quarter on continued strong growth in sea. “Our feed continues to perform very well with both feed consumption and net growth above industry benchmark levels. Although the start of the year is low season for feed operations, this business area delivered seasonally record-high operational earnings,” Vindheim said. On 28 March, the Norwegian government announced its resource rent tax proposal to Parliament with few changes from the initial proposal presented in September 2022. The proposed resource rent tax rate was reduced from 40% to 35%. The proposed total tax rate is now 57% including corporate tax versus 62% previously, or about 75% with Norwegian wealth tax. “This is completely disproportionate and not compatible with the Norwegian Government’s stated growth ambitions for the industry. If passed by Parliament, the new tax regime will be hugely detrimental to the Norwegian aquaculture industry,” Vindheim said. Mowi’s Board has decided to pay a quarterly dividend of NOK 2. 00 per share. You can find the Q1 report and the presentation on our reports page. For further information, please contact: Kristian Ellingsen, CFO, +47 905 14 275 Kim Galtung Døsvig, IR Officer & Head of Treasury, +47 908 76 339 Ola Helge Hjetland, Group Communications Director, +47 970 67 932 - Categories: News - Tags: sustainability 2022 was a record year for Mowi financially as the company crossed the EUR 1 billion earnings mark for the first time in its 60-year history. These achievements were only made possible by the dedication and hard work of Mowi’s employees. The past year has highlighted that Mowi's mission to provide sustainable and healthy food to a growing world population is crucial. Leading a Blue Revolution is not easy, but we believe our unique strengths – Mowi's global presence, being fully integrated, and being a front runner on innovation and research and development – will make a positive impact in the world. 2022 was a record year for Mowi financially with Operational EBIT of EUR 1 005 million, and the company crossed the EUR 1 billion earnings mark for the first time in its 60-year history. The all-time high financial results were brought about by strong operational performance across the Board and good market conditions for salmon. In Farming, relative seawater production was the best ever and harvest volumes of 463 600 GWT were close to all-time high. At year-end, Mowi entered Iceland, the last spot missing from our geographical footprint, with the acquisition of 51% of Arctic Fish. Consumer Products and Feed also had their best year ever. These achievements were only made possible by the dedication and hard work of Mowi’s employees. The financial and operational records achieved during 2022 were unfortunately overshadowed by the proposed resource rent tax on salmon farming in Norway. To learn more about our performance in 2022 , as well as our priorities for 2023 and beyond, read our integrated report here. - Categories: Corporate, General, Investors, News, Press Strong quarter to end a record year for Mowi (Bergen, 15 February 2023) Mowi recorded record-high revenues of 1,362 million euros in the fourth quarter of 2022. Operational profit was 239 million euros, compared with 146 million euros in the corresponding quarter of 2021. The fourth quarter cemented a record year for Mowi financially. For the first time in its nearly 60-year history the company crossed the one-billion-euro earnings mark with operational profit for the full year reaching 1,005 million euros. Revenue of 4,946 million euros was also a new record for the company. “I would like to express my enormous appreciation to all of my 11,500 colleagues in the organisation without whose dedication and hard work these milestone results would not have been possible,” said Mowi CEO Ivan Vindheim. Mowi harvested 131,000 tonnes in the quarter and a total of 464,000 tonnes in 2022, which was 4,000 tonnes more than guided one year ago. In Norway, harvest volumes reached a record-high level of 294,000 tonnes. “I am pleased to see the tremendous progress we have made in Norway in recent years. An abundance of consistent hard work has propelled Mowi towards the top when it comes to license utilisation and production efficiency in this country,” Vindheim said. Mowi is among the leading employers in Norway, employing one in 300 of the Norwegian workforce. The company is afraid that its ambitions for continued growth in Norway will be severely inhibited by the government’s proposal to impose a resource rent tax on aquaculture. “The Norwegian government’s proposal for an effective tax level of 62% for the Norwegian salmon-farming industry, or approximately 80% with Norwegian wealth tax, will completely undermine future growth prospects for coastal Norway’s most critical industry. This industry currently employs 60,000 people in coastal communities, and at the end of the day it is their livelihoods as well as future job creation that are being put in peril. Consequently, I sincerely hope that government and parliament will listen to the industry and wider coastal communities and choose a different tax rate and a tax model that is less devastating to the Norwegian aquaculture industry so that we can continue to invest in coastal Norway in the future,” said Vindheim. Harvest volume guidance of 484,000 tonnes for 2023 represents an all-time high level and includes volumes from Mowi’s newest subsidiary, Arctic Fish in Iceland. This will equate to volume growth of as much as 109,000 tonnes in five years. “It was with great pleasure that we received approval for the acquisition of 51% of the shares in Icelandic salmon farmer, Arctic Fish, just before year end. Iceland is Mowi’s seventh farming country and was the last spot missing from our geographical footprint. We are looking forward to further developing the company together with the other owners and a highly competent and motivated organisation,” Vindheim said. Mowi Consumer Products had another strong quarter and an outstanding year, setting both operational and financial records on good consumer demand and impressive operational performance. “Annual operational profit of 112 million euros and volumes of 229,000 tonnes product weight are extremely impressive results. Mowi will further enhance our value proposition downstream in the years to come and our branding strategy, with its ultimate goal of de-commoditising the salmon category, plays a key part in this context,” Vindheim said. For the fourth consecutive year, Mowi has been ranked the world's most sustainable animal protein producer by Coller FAIRR. “Sustainability is a crucial part of Mowi’s DNA and is at the core of everything we do. This ranking highlights once again Mowi’s position at the forefront of sustainable food production,” said Vindheim. Mowi Feed can also celebrate its best quarter and best year so far with an operational profit of 21 million euros and 47 million euros respectively. “Feed performance was very strong throughout 2022, which is of paramount importance to Mowi as the world’s largest salmon farmer. Feed production reached 515,000 tonnes for the year, an increase of 7% from 2021, and this is expected to grow further in 2023,” Vindheim said. Mowi’s Board has decided to pay a quarterly dividend of NOK 1. 70 per share, supported by a strong financial position and a favourable outlook. You can read the report and watch the presentation here. - Categories: Blog In January, Mowi Japan held a food education class for children aged 10-11. The event took place in an elementary school located in a rural town, around a 90-minute drive from Tokyo. The lesson aimed to teach students more about salmon farming as they are participating in some salmon hatching and salmon release activities on their own. The program started with a quiz game, which was then followed by a lesson about aquaculture and sustainability. Next, the director of Norwegian Seafood Council Japan, Johan Kvalheim talked about Norwegian lifestyle, education and food culture based on his own experiences. Later, the Mowi team showed the children how to cut a whole salmon and wrapped up the program with a lunch prepared with Mowi salmon. The students were very excited to learn more about salmon farming and Norway. “I learned that they farm salmon in Norway, where it is cold and the sea is beautiful. This is the first time I heard about it. ” “I am going to do some research in the future, like changing the water temperature in the tank where the salmon are hatched. ” They also enjoyed very much the ‘salmon with herb salt sauté’ prepared by the school's chef. “This salmon tastes better than the usual salmon,” said one child. - Categories: Investors, News, Press, Sustainability For the fourth consecutive year, Mowi has been ranked the most sustainable protein producer by the Coller FAIRR Protein Producer Index. The Coller FAIRR Protein Producer Index is the most detailed assessment of the largest meat, dairy and farmed fish producers in the world. Rankings for each of the 60 companies assessed are determined by a risk and opportunity score across environmental, social, and governance-related criteria including greenhouse gas emissions, deforestation and food safety. Speaking about Mowi’s ranking on the Coller FAIRR Protein Producer Index, CEO Ivan Vindheim said: “This shows again that Mowi is at the forefront of sustainable food production. I am proud and humbled to lead an organisation that is a recognised leader in sustainable food production. ” Mowi has consistently scored at the top of the index since its inception, due to its robust policies on responsible sourcing, animal welfare, environmental sustainability and more. Chief Sustainability and Technology Officer, Catarina Martins, added: “Our ultimate goal is to unlock the potential of the ocean to produce more food for a growing world population in a way that respects our planet, so we are extremely proud to be named the most sustainable protein producer and see our hard work recognised once again. ” Salmon stands out The 2022 report found that aquaculture companies, primarily salmon companies, continue to perform better than land animal protein producers. In fact, Mowi is joined in the top four ranked companies by fellow aquaculture companies Grieg Seafood ASA and Lerøy Seafood Group ASA, both headquartered in Norway, who are ranked 2nd and 4th respectively. "FAIRR’s methodology continues to evolve, and companies are expected to report more and show progress on more metrics than when the rating started 5 years ago, so it is becoming increasingly harder to be on ranked on the top. Three Norwegian salmon companies are amongst the top 4 from all the 60 companies benchmarked. This reinforces the recognition of Norwegian salmon farming as frontrunners on sustainability," Martins said. About the Coller FAIRR Index The Index is designed to provide financial institutions with best-in-class data, analytics and trends on the protein sector to integrate into their investment decisions and engagement strategies and is positively shaping trends in the global protein market, by shedding light on where corporate policy or disclosure is behind the curve. It has become the go-to resource for investors to assess how well key suppliers in the food chain are managing environmental, social and governance (ESG) risks: Greenhouse gas emissions Deforestation & biodiversity Water use & scarcity Waste & pollution Antibiotics Working conditions Animal welfare Food safety Governance Sustainable proteins For further information about The Coller FAIRR Index, visit: https://www. fairr. org/index/ - Categories: News, Press Mowi recorded record-high revenues of 1 257 million euros in the third quarter of 2022. Operational profit was 240 million euros, compared with 131 million euros in the corresponding quarter of 2021. Despite another set of new operational and financial records for Mowi, the third quarter was unfortunately overshadowed by the Norwegian government’s proposed resource rent tax of 40% on salmon farming, or 62% including corporate tax. “The aquaculture industry is of great importance for the future of Norway, and it is in the nation’s best interests to see it grow. However, a tax rate of 62% will put an end to most of the many significant investment plans along the Norwegian coast, leading not only to reduced local employment levels now and in the future, but also to a massive diversion of funds away from coastal communities,” Mowi CEO Ivan Vindheim said. Until agreement has been reached on a more viable framework for the industry, Mowi has been forced to put all new structural investments in Mowi Norway on hold. “Mowi is a global company and salmon farming is not bound by geography – it can take place in sea and on land anywhere in the world, close to its major markets. If the proposal for 62% tax is approved by parliament, Norway stands to lose its leading position within aquaculture to other countries,” Vindheim said. Mowi reported operational EBIT of EUR 240 million in the third quarter of 2022, which is the company’s third best quarter ever up from EUR 131 million reported in the corresponding quarter in 2021. Operational revenues in the quarter were all-time high at EUR 1 257 million (EUR 1 035 million). Total harvest volume in the quarter was 133 808 tonnes gutted weight (117 115 tonnes), slightly above guidance of 131 000 tonnes. Full-year harvest guidance for 2022 is unchanged at 460 000 tonnes. Next year, Mowi expects to harvest 470 000 tonnes. Results within Mowi Farming were good in the quarter due not only to strong prices and record-high volumes, but also relatively stable farming costs compared with the previous quarter. “I am pleased that our farming operations experienced good growth performance in sea with improved production and feed conversion ratio, clear evidence that the organisation continues to deliver good biological results. Mowi’s relentless focus on farming volume growth, cost leadership and superior sustainability credentials continues unabated,” Vindheim said. Consumer Products delivered record-high operational profit of 30 million euros on solid operational performance across Mowi’s processing plants in Europe, Americas and Asia. “Salmon normally fares well in challenging economic times and overall retail demand has so far continued to develop favourably. We expect the retail channel to continue to grow in the years ahead supported by unlocking the value potential in salmon as a value-added product,” Vindheim said. Mowi has recently entered into an agreement to acquire a majority stake in Arctic Fish. The company is a leading salmon farmer in Iceland, situated in the West Fjords where conditions are favourable for salmon farming. “The acquisition follows our strategy to grow farming volumes and completes our geographical farming footprint. Icelandic salmon volumes are expected to grow significantly in the years to come, and Arctic Fish is well positioned to take part in this growth journey,” Vindheim said. Mowi’s Board has decided to pay a quarterly dividend of NOK 1. 70 per share, supported by a strong financial position and a favourable outlook. You can read our reports here. - Categories: News, Press The second quarter of 2022 was the best quarter ever for Mowi, with a record-high operational profit of 320 million euros and record-high revenue of 1 232 million euros. Mowi delivered yet another strong set of financial results in the second quarter, driven by good operations and high salmon prices. “I am very pleased with our operational performance in the quarter and the way we have been able to capitalise on the high prices. I would like to thank the organisation for this achievement,” Mowi CEO Ivan Vindheim said. Salmon prices reached new record levels in all markets during the quarter on strong demand and low supply. Mowi’s financial results were also driven by good harvest volumes of which 65% were sold into the spot market. “We have never before experienced spot prices at the levels seen in the second quarter, and this shows the potential to continue to increase the value of the salmon category over time given continued supply growth,” Vindheim said. Mowi reported operational EBIT of EUR 320 million in the second quarter of 2022, more than double the EUR 137 million reported in the corresponding quarter in 2021. Operational revenues in the quarter were EUR 1 232 million (EUR 1 000 million). Total harvest volume in the quarter was 102 679 tonnes gutted weight (107 977 tonnes), slightly above guidance of 99 000 tonnes. Full-year harvest guidance for 2022 is unchanged at 460 000 tonnes. Mowi Farming had an impressive quarter with an operational profit of EUR 294 million, which is a new record. “I am impressed with our farming operations this quarter, with good growth performance in sea and improved production. Mowi Norway stands out in particular, representing 70% of Group profit with an impressive margin,” Vindheim said. Mowi Consumer Products delivered another set of good results on continued good retail demand and solid operational performance across its processing plants in Europe, Americas and Asia. “Overall retail demand still remains at a good level and I expect that the retail channel will continue to grow in the years ahead. The foodservice segment continues its post-pandemic recovery which is positive for overall salmon demand,” Vindheim said. Mowi’s Board has decided to pay a quarterly dividend of NOK 2. 30 per share, supported by a strong financial position and a favourable outlook. You can find the report and presentation on our Reports page. - Categories: News, Press, Sustainability Mowi is proud to have been awarded a special recognition award at Compassion in World Farming (CIWF)’s Good Farm Animal Welfare Awards. The awards, which took place in London last week, showcase the work of food businesses around the world that make genuine and meaningful improvements to the lives of farmed animals and the sustainability of their supply chains. Receiving the Special Recognition Award at the ceremony was Gordon Ritchie, Group Manager Fish Health and Welfare: “Mowi and I are very proud to receive this prestigious Special Recognition Award from Compassion in World Farming, which recognises our global standard and commitment on the humane slaughter of our fish using a bespoke percussive stunning system. This commitment applies to 100% of our ocean reared salmon from all of our seawater sites around the world, thereby matching CIWF’s flagship recommendation. “As the largest producer of ocean-reared Atlantic salmon in the world, this commitment is set to benefit up to 100 million salmon per annum, covering all our sites in Norway, Scotland, Ireland, Faroe Islands, Canada and Chile. ” Improvements in fish welfare are falling behind those for terrestrial animals according to CIWF, mainly due to fish sentience being generally less recognised. However, the organisation said that Mowi “has demonstrated leadership in this area by becoming the first producer to make global welfare commitments on the rearing and slaughter of Atlantic salmon”. By recognising the importance of fish sentience, Mowi has implemented a global policy on fish welfare and wellbeing, which includes several other important aspects of husbandry and rearing, in addition to our commitment on humane slaughter. Our current policy also covers topics such as medicine use, stocking densities and fish handling. In addition, by working closely with stakeholders and organisations such as CIWF, we can continually improve on our commitment to fish welfare, while setting ambitious sustainability targets that will make a positive impact on the planet. Gordon continues: “Our vision is to lead the Blue Revolution and unlock the potential of the ocean in a way that respects our planet. This drives everything we do at Mowi. “With our commitments, and with this award, we want to showcase our standards and contribute towards more focus on fish welfare globally. We hope that by recognising Mowi’s commitments, this creates a positive ‘ripple effect’, and an example to other fishery and aquaculture operators. ” Following the award, Mowi will continue to search for new solutions and practices to advance fish welfare and wellbeing. Our R&D portfolio includes - but is not limited to - research on infectious diseases, nutrition, production related disorders and harvesting methods. - Categories: Corporate, General, Investors, News, Press In a strong market, Mowi made an operational profit of 207 million euros at record-high levels in the first quarter. Mowi’s first quarter was characterised by a surge in salmon prices in all markets due to a continued increase in global demand for salmon combined with low supply. “The increase in salmon prices coming out of the pandemic has been impressive. Salmon is a fantastic product with great product features and the beneficiary of strong megatrends, and I firmly believe this will continue to boost demand going forward,” Mowi CEO Ivan Vindheim said. Mowi Farming’s results improved substantially in the quarter, driven by high prices. “I am pleased to see that our Norwegian Farming operations achieved record-high earnings and prices in the first quarter. It is also encouraging that our operations in Canada West are improving and delivering solid results,” Vindheim said. Mowi Consumer Products also delivered another good set of results considering the record high raw material prices, by means of sound operational performance and raw material management. “It is comforting that Mowi’s processing business continues to deliver strong results despite significantly higher raw material prices. This demonstrates the value of Mowi’s integrated value chain and the organisation’s relentless quest for increased productivity and cost efficiency,” Vindheim said. Mowi reported operational EBIT of EUR 207 million in the first quarter of 2022, compared with EUR 109 million in the corresponding quarter in 2021. Operational revenues in the quarter were EUR 1 095 million (EUR 1 022 million). Total harvest volume in the quarter was 96 600 tonnes gutted weight (125 469 tonnes). Full-year harvest guidance for 2022 is unchanged at 460 000 tonnes. The world economy is currently facing an unprecedented inflationary pressure, however, soaring salmon prices have so far more than offset increasing input prices for salmon. “We expect salmon to continue to stand out versus other animal protein sources due to its substantially lower feed conversion rate and energy usage, and its superior sustainability credentials,” Vindheim said. Mowi’s Board has decided to pay a quarterly dividend of NOK 1. 95 per share, consisting of NOK 1. 44 per share in ordinary dividend and an extraordinary dividend of NOK 0. 51 per share supported by a strong financial position and a favourable outlook. - Categories: News The Board of Directors of Mowi ASA has signed demerger plans as preparation for the sale of the two development projects the Egg and the Donut. The Egg project comprises inter alia grants for 6 development licenses and an agreement on the right to use the technology to be tested in the Egg project. Project Donut comprises inter alia grants for 1. 4 development licenses and an agreement on the right to use the technology for completion of the project. In accordance with the Norwegian Public Limited Liability Act, the demerger plans and appendices are now available to shareholders on the webpage of the company. The demerger plans have been submitted for registration with the Norwegian Register of Business Enterprises. The demerger plans will be presented to Mowi's annual general meeting for approval, expected to be held on 2 June 2022. Further details will be provided in the notice of the general meeting, expected to be distributed on 11 May 2022. The demergers are expected to be completed in July 2022, subject to approval by the annual general meeting. See the demerger plans with attachments for more details and information: Demerger plan of Mowi ASA with Mowi Hjelpeselskap AS, with the following appendices: Appendix 1: Mowi ASA's articles of association prior to and after the demerger Appendix 2: Mowi Hjelpeselskap AS' articles of association prior to and after the demerger Appendix 3: Mowi ASA's last annual accounts, board statement and auditor statement, and the last half yearly accounts Appendix 4: Reports on the demerger Appendix 5: Expert reports on the demerger Demerger plan of Mowi Hjelpeselskap AS with Prosjekt Egget AS and Prosjekt Donut AS, with the following appendices: Appendix 1: Prosjekt Egget AS's articles of association prior to and after the demerger Appendix 2: Prosjekt Donut AS' articles of association prior to and after the demerger Appendix 3: Mowi ASA's articles of association prior to and after the demerger. Appendix 4: Reports on the demerger Appendix 5: Expert reports on the demerger Appendix 6: Certificate of incorporation for Prosjekt Egget AS and Prosjekt Donut AS, as well as annual accounts, annual reports, audit reports and half-yearly report reports for Mowi ASA. - Categories: Corporate, General, Investors, News, Press, Sustainability Mowi’s 2021 Annual Report has been released today. Covering a year where market conditions gradually improved with the Covid-19 pandemic on the wane in the main markets for salmon. Even as the pandemic continued to present a challenging environment, Mowi delivered all-time high volumes in both Farming and Consumer Products. CEO, Ivan Vindheim, said: “Mowi’s mission to provide sustainable and healthy food to a growing world population is crucial. Mowi’s employees have demonstrated enormous flexibility and determination to maintain production even in challenging times. ” Mowi is by far the world’s largest producer of salmon, a scientifically proven natural superfood. Salmon is versatile and appeals to people of all ages with its highly appetising taste, look, texture and colour. We are working on many important initiatives that will further develop the company and bring it into the future. In Farming, we are working along three main pillars; volume growth, cost and sustainability. In Sales & Marketing, we are putting the customer at the core of all our activities related to products, branding and operational excellence. With regards to the Feed division we continue to work on operational improvements and cost optimisation, and it is comforting to see that our feed is performing very well. Going forward, our priorities include: Volume growth Continued cost improvement Sustainability Brand roll-out Digitalisation and automation – Mowi 4. 0 Develop our people and leaders Ivan continues: “Leading a Blue Revolution is not easy but we believe Mowi’s unique strengths – our global presence, being fully integrated and being a front runner on innovation and R&D – will make a positive impact in the world. ” To read Mowi’s 2021 Annual Report, click here. - Categories: General, News, Press Work on a new state of the art facility at Hitra in Norway is about to get underway and hopes are high for the benefits it will bring. Work on the new factory will start in April and is scheduled for completion in the first half of 2024. The factory will have a production capacity of 100,000 tonnes and will replace Mowi’s current factory at Ulvan. Speaking about the new facility, Olaf Skjærvik, director of Mowi Mid Region, said: “This will be a state-of-the-art factory built for the future. The project group has done a thorough job, and we are very happy that we now can start construction. “The new factory will produce high-quality seafood in a much more efficient way than we do today. The building design is very modern and will create a more welcoming environment for our staff whilst optimising health and safety features. ” The new processing plant at Hitra will receive fish from sea harvest vessels only. Mowi Norway is now using four sea harvest vessels to supply its processing plants, and the South Region in Norway is already fully based on this technology. Building on this experience, Mowi intends to increase the capacity of these vessels and, in the long term, substitute well boat transport with sea harvest vessels which represent an improvement in fish welfare. - Categories: Corporate, General, Investors, News, Press The fourth quarter marked the end of a record year for Mowi with revenues of 4 208 million euros and harvest volumes of 466 000 tonnes, equivalent to a growth of 12% and 6% respectively. The company also sold a record-high 248 000 tonnes of value-added products last year. The recovery in demand for salmon continued in the fourth quarter of 2021 with significantly higher prices year-over-year. With this backdrop, Mowi tripled its earnings with an operational EBIT of 146 million euros in the quarter. “I would like to thank all my 12 000 colleagues at Mowi for their dedication and hard work during 2021, in a challenging pandemic environment,” Mowi CEO Ivan Vindheim said. In Norway, Mowi’s largest and most important farming region, the company produced a record-high 273 000 tonnes of salmon in 2021. “I am very pleased that our license utilisation in Norway has improved over the past few years to exceed the industry average. This has laid the foundation for reaching all-time high harvest volumes of 466 000 tonnes,” Vindheim said. Mowi also produced more value-added products than ever through its downstream facilities in 2021, and the development in the retail market continues to be strong. “The growth in demand for value-added products during the pandemic has been unparalleled, and volumes remain at a very high level. For 2022, price prospects for salmon are favourable with no supply growth expected for the year. Mowi is in a good position to capitalise on this with its diverse and integrated value chain and low contract share,” Vindheim said. Mowi has for the third year in a row topped of the Coller FAIRR Index that ranks the world’s largest animal protein producers on sustainability. “Sustainability is deeply engrained in the Mowi culture and at the heart of everything we do. This is very encouraging and demonstrates that Mowi is at the forefront when it comes to sustainable food production,” Vindheim said. Mowi reported operational EBIT of EUR 146 million in the fourth quarter of 2021, compared with EUR 49 million in the corresponding quarter in 2020. Operational revenues in the quarter were record-high at EUR 1 150 million (EUR 1 008 million). Total harvest volume in the quarter of 115 040 tonnes gutted weight (126 634 tonnes) was above guidance of 104 000 tonnes mainly due to good growth conditions in Norway. Mowi’s Board has decided to pay a quarterly dividend of NOK 1. 40 per share, consisting of NOK 1. 00 per share in ordinary dividend and an extraordinary dividend of NOK 0. 40 per share supported by a strong financial position and a favourable outlook. - Categories: Corporate, General, News, Press, Sustainability A new independent report states that the suppliers of Brazilian soybean to Norwegian salmon have accomplished their goal for a deforestation and conversion free supply chain. A move described by the Rainforest Foundation as a historic commitment and a game changer in Brazil. A year ago, the salmon industry announced that their Brazil suppliers had decided to become 100 % deforestation and conversion-free. A commitment that extends their deforestation-free commitment to their supplier’s entire soybean business, also outside the salmon value chain. WWF and the Rainforest Foundation then said this was a benchmark to inspire other global animal protein sectors but wanted a robust and independent system to ensure that the companies fulfilled the obligations. The Rainforest Foundation says the Norwegian salmon industry sets an important example “It is great news that Brazilian soy producers for the very first time are confirmed to be fully deforestation and conversion-free in all their operations”, says Nils Hermann Ranum, head of Drivers of deforestation program at Rainforest Foundation Norway. “Demanding that suppliers are fully deforestation-free is necessary to stop ongoing deforestation in Brazil. Private sector companies have a responsibility to avoid contributing to deforestation and environmental damage, and the Norwegian salmon industry and their suppliers set an important example that other food producers must follow,” says Ranum. Modern satellite techniques to prevent cheating The international certification foundation ProTerra established a monitoring and verification method to verify that no farmer that had removed any forest would be allowed to sell soy to the suppliers. To demonstrate the effectiveness of the system, contracts, and names from public lists of social and environmental liabilities were randomly selected and checked against the names in the company soy receiving report. Using satellite techniques and embargo lists the newly published audit report confirms that the soy supply chain has become deforestation and conversion-free. The audit report also checked that the farmers did not have any work related to slavery or illegal labour and that there was no agriculture overlaps with indigenous lands. Have already used deforestation free soy for many years “This transparent process shows that our suppliers have achieved a 100% deforestation free supply chain as promised. This comes in addition to the fact that we already have sourced deforestation free soy to our feed production for a number of years,” says Mowi’s Chief Technology and Sustainability Officer Catarina Martins. “It is encouraging to see that our proactive cooperation with suppliers on sustainability and transparency pays off,” Martins adds. More than 3 million hectar and five thousand direct suppliers There are three companies that deliver soy to the Norwegian salmon industry. Two of them, Caramuru and CJ Selecta have undergone the audits. The third company, Cervejaria Petropolis-Imcopa, is in a corporate change and a separate audit is conducted now for them. There was no non-conformity observed by the Auditor, only improvement opportunities. This Brazilian value chain includes 5,136 direct suppliers that grow 2. 4 million tonnes of soy on land covering more 33,294 km2. In 2021 24 suppliers were blocked because they did not live up to the criterias. The independent auditors also tested the robustness and effectiveness of the system by checking a sample of 50 names randomly chosen from the public lists of suppliers that incurred in social and/or environmental liabilities. This list was compared with the list of soy suppliers in the systems. No relationship or conflict was found between the names of soybean suppliers and those randomly selected to the consulted public lists. There was no non-conformity observed by the Auditor, only improvement opportunities verified for each company, which do not impact the system's efficiency and were already being worked on by the audited companies. - Categories: News, Sustainability - Tags: Europe 2020, Horizon 2020, Oleaf4value, salmon feed, scotland, sustainability Horizon 2020 is a Europe 2020 flagship initiative that aims to secure Europe's global competitiveness, implementing the financial aims of the Innovation Union. Horizon 2020 is the biggest EU Research and Innovation programme ever created, with nearly €80 billion of funding available over seven years (2014 to 2020), in addition to private investment that it will attract. It promises more breakthroughs, discoveries and world-firsts by taking great ideas from the lab to the market. With the aim of driving economic growth and creating jobs, Horizon 2020 has the political backing of Europe’s leaders and Members of the European Parliament. With the research acting as an investment in our future, it is at the heart of the EU’s blueprint for smart, sustainable and inclusive growth and jobs. Mowi Feed is delighted to be part of three significant projects including Oleaf4value. What is Oleaf4value? Today, olive leaves are large untapped biomass from the olive oil industry. Oleaf4value hopes to find new ways to use the leaves, such as adding them to salmon feed. 4. 5 million tonnes of olive leaves are produced annually worldwide by the olive oil industry. These olive leaves contain so-called bioactive components, which are substances that can strengthen, for example, the immune system. However, this biomass is underexploited; being burnt in fields, given to cattle, or, in some cases, burned to produce energy. As part of the project, which has just commenced, researchers from the Norwegian Institute of Marine Research (Havforskningsinstituttet) will investigate whether extract from olive leaves can affect resistance and/or support the immune response against relevant viral diseases in salmon. The olive leaves’ bioactive extract, containing a mixture of triterpenic acid and polyphenols bioactive components, will be added to salmon feed and the fish's resistance will be tested in the research facilities of the IMR in Bergen. Mowi Feed is acting as advisors on the salmon trials conducted by the Institute of Marine Research; participating actively on the design of the trials and ensuring the trial diets follow commercial standards. Mowi Feed will then be involved in discussions and conclusions around the results of these trials. It is hoped that the project will give a use to olive leaves, solving the problem of their removal from fields while obtaining high added value bioactive compounds with high-market potential. Mowi Feed’s participation could be key in the success of the trials and updates will be given in due course. The AquaIMPACT and NextGen Proteins projects are also well underway – please click the links to find out more about Mowi Feed’s involvement. - Categories: News, Sustainability - Tags: Ardnish, Averøy, EU, Horizon 2020, Mowi Breeding, scotland, sustainability Three EU research projects as part of the Horizon 2020 (H2020) scheme, are now well-underway with Mowi’s participation. The largest of these in terms of Mowi’s involvement is AquaIMPACT. AquaIMPACT is a major effort to integrate fish breeding and nutrition to increase the competitiveness of the EU’s aquaculture industry, including Atlantic salmon, rainbow trout, gilthead seabream and European seabass. It is hoped that this will ensure food and nutrition security and satisfy consumer demands for high-quality seafood with limited environmental impact. AquaIMPACT will develop products and services based on genomic selection for the European aquaculture breeding industry, with a focus on cost-efficient trait recording and genotyping, and selection for traits that can only be recorded under commercial conditions. Through this, nutrition and feeding strategies will be upscaled and tailor-made specifically for genetically improved fish arising from breeding programmes that have incorporated emerging ingredients, essential nutrients and appropriate additives. The use of genomic technologies will be economically optimised and applied in combination with the nutritional and digital solutions demonstrated to produce more robust, healthy, nutritious and resource-efficient fish. In turn, this will promote industrial practices of re-circular bioeconomy, zero-waste and more efficient use of natural resources. Mowi Feed and Mowi Breeding are taking part in the AquaIMPACT project by hosting trials in Mowi’s Feed facilities in Ardnish, Scotland, and Averøy, Norway. In summer 2021, the trial in Averøy concluded and now researchers from NOFIMA are analysing the samples collected while the Mowi Breeding team analyses the data. The trial in Ardnish is ongoing until May 2022. Both trials will focus on the interaction between diet and genetic selection for improving pigmentation. We will report back on the outcomes of these trials. To find out more about Mowi’s involvement in other Horizon 2020 projects, please follow the links below. NextGen Proteins Oleaf4value The AquaIMPACT project has received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No. 818367. - Categories: News, Sustainability - Tags: EU, Horizon 2020, scotland, seafood, sustainability As part of the Horizon 2020 (H2020) scheme, Mowi Feed is participating in three significant EU research projects, including one by NextGen Proteins. In line with an increasing global demand for high-quality protein for both food and feed, the NextGen Proteins project hopes to optimise the production of three alternative proteins and verify their use in various feed and food applications. Access to high-quality protein is becoming more challenging due to aspects including a growing world population, resource scarcity and climate change. Ensuring a continuous and affordable supply of proteins for humans and animals is a pressing issue. But the supply of proteins must be created with scientific lifecycle and circular approaches at its core. The NextGen Proteins project will contribute to improved food security, sustainability and self-sufficiency of EU protein production, with less strain on natural resources and reduced environmental impacts. Already running for two years, this four-year project focusses on novel ingredients that can be produced in a sustainable way while ensuring that any waste or by-product is recycled. Mowi Feed’s involvement in this research includes participation in salmon trials, alongside Aquascot and Waitrose. This includes field demonstrations which commenced in December 2021 in Ardnish, Scotland, in which testing took place on how three emerging raw materials (algal meal, bacterial meal produced from wood waste, and insect meal) can be utilised for salmon production. NextGen Protein’s specific objectives for microalgae, insect and single cell proteins include: Assess food and feed regulatory and safety landscape, identify the main barriers for production and application of the three alternative proteins and contribute to future EU policy. Deliver three high-quality, safe, nutritious and sustainable protein sources through bioconversion processes, utilising existing industrial waste streams currently discarded or disposed as landfill. Demonstrate potential food applications of the three alternative proteins through concept and practical trials in ready meals, bakery products, imitation meat and functional food supplements. Demonstrate animal feed application potentials of the three alternative proteins through research and practical trials in poultry and fish feed. Explore and facilitate market opportunities for the three alternative proteins and derived products, in co-creation with consumer and stakeholder focus groups, and promote high consumer trust and acceptance. Analyse and verify sustainability advantages of the three alternative protein production processes in terms of environmental and economic impacts, enabling improvements of production efficiency, GHG emissions, value chain risks, and land, water and energy use. Develop and apply an innovative Responsible Research and Innovation (RRI) framework, that brings together researchers, policy makers, businesses and other societal actors to facilitate consumer acceptance, effectively disseminate project results and ensure their exploitation. Outcomes from this research will be reported in due course. Find out more about Mowi Feed’s participation in the AquaIMPACT and Oleaf4value research projects by clicking the links. The NextGen Proteins project has received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No. 862704. - Categories: Corporate, General, Investors, News, Press, Sustainability - Tags: FAIRR, sustainability Mowi has been ranked the most sustainable protein producer for the third year in a row by the award nominated Coller FAIRR Protein Producer Index, published December 1st. This report, now in its fourth edition, assesses 60 of the largest listed global meat, dairy and aquaculture companies on ten environmental, social and governance themes aligned with the Sustainable Development Goals (SDGs). Overall, Mowi scored 81 out of 100 and was rated ‘Industry Best’ against many of the criteria aligned to the SDGs including greenhouse gas emissions, deforestation and biodiversity, use of antibiotics, animal welfare, working conditions, food safety and governance. Speaking about Mowi’s ranking on the Coller FAIRR Protein Producer Index, CEO Ivan Vindheim said: “This shows again that Mowi is at the forefront of sustainable food production. I am proud and humbled to lead a company and an organisation that is a recognised leader in sustainable food production. Importantly, the Index highlights that aquaculture and salmon farming is part of the solution toward shifting to a green economy. ” Chief Sustainability and Technology Officer, Catarina Martins, added: “I am delighted to see Mowi’s sustainability strategy and achievements being recognised in this global rating. For three years in a row now, Mowi is considered the most sustainable animal protein producer in the world. This achievement is the result of hard work and passion for what we do every day: producing food that is good for people and good for the planet! ” Focus on aquaculture The 2021 report found that aquaculture companies, primarily salmon companies, continue to perform better than animal protein producers on all risk factors, especially deforestation and biodiversity and antibiotics. On average, aquaculture also shows the most improvement year on year, demonstrating the sector’s focus on managing its sustainability risks versus its land-based peers. Companies headquartered in Europe are paying more attention to deforestation and antibiotic risks, making them the strongest performing region. In fact, Mowi is joined in the top five ranked companies by fellow aquaculture companies Grieg Seafood ASA and Lerøy Seafood Group ASA, both headquartered in Norway, who are ranked 2nd and 4th respectively. About the Coller FAIRR Index The Index is designed to provide financial institutions with best-in-class data, analytics and trends on the protein sector to integrate into their investment decisions and engagement strategies and is positively shaping trends in the $1. 6 trillion global protein market, by shedding light on where corporate policy or disclosure is behind the curve. It has become the go-to resource for investors to assess how well key suppliers in the food chain are managing environmental, social and governance (ESG) risks: Greenhouse gas emissions Deforestation & biodiversity Water use & scarcity Waste & pollution Antibiotics Working conditions Animal welfare Food safety Governance Sustainable proteins For further information about The Coller FAIRR Index, visit: https://www. fairr. org/index/ - Categories: Corporate, General, Investors, News, Press Mowi recorded record high revenues of 1 035 million euros. Operational EBIT was 131 million euros, compared with 80 million euros in the corresponding quarter of 2020. Demand for salmon continued to recover from Covid-19 lockdown measures during the third quarter as foodservice activity improved further and retail demand remained at strong levels. This led to a significant rebound in salmon prices compared with last year and increased earnings by 64% year-over-year. “It’s positive to see that the salmon market continues on the road to full recovery. The estimated value of salmon consumed globally in the third quarter increased by more than 30% compared with last year and reached a new record-high level for a quarter. This is particularly impressive given that not all markets have yet fully recovered from the Covid-19 pandemic,” Mowi CEO Ivan Vindheim said. Mowi Consumer Products delivered another strong set of results with the best ever earnings in a third quarter. “This demonstrates strong retail demand in the market and also our ability to serve new and existing customers across geographies. Mowi Consumer Products has been able to benefit from and capitalise on the shift in demand towards elaborated products,” Vindheim said. Total harvest volume in the quarter of 117 115 tonnes gutted weight (125 773 tonnes) was above guidance of 110 000 tonnes mainly due to good growth conditions in Norway. Further to this, harvest guidance for 2021 is increased to 455 000 tonnes, equivalent to 15 000 tonnes volume growth year-over-year. Next year, Mowi expects to harvest 460 000 tonnes. “Mowi has a clear strategy to grow and Mowi Farming’s harvest capacity is well in excess of 500 000 tonnes. It’s therefore encouraging to see that we are heading towards another record year for Farming volumes in 2021,” Vindheim said. Mowi’s Board has decided to pay a quarterly dividend of NOK 1. 40 per share, consisting of NOK 0. 93 per share in ordinary dividend and an extraordinary dividend of NOK 0. 47 per share supported by a strong financial position and a favourable outlook. - Categories: Corporate, General, News, Press, Sustainability - Tags: cop26, seafood, sustainability Whether it’s in newspapers or our social media feeds, COP26 seems to be on everyone’s lips just now. But, with decisions set to be taken there that will affect the way we eat, work, travel and heat our homes for decades to come, who is attending and why is it being hailed as one of the most critical global summits of our times? The 2021 United Nations Climate Change Conference is being held in Glasgow from Oct 31 to Nov 12. This 26th annual Conference of the Parties (COP26) will see countries gather to discuss climate change. With UN Secretary General, Antonio Guterres, stating that the world is facing a ‘climate catastrophe’, the scene for COP26 is truly set. 120 world leaders and thousands of high profile delegates from business and non-profit organisations will attend, giving hope that a new green agenda can be set that will avert the looming climate crisis. When the UN’s Intergovernmental Panel on Climate Change published a report declaring global warming a ‘code red for humanity’ the warning was stark. Following the publication of further hard-hitting reports in the countdown to COP26, the world’s gaze falls on Glasgow as global leaders gather for crucial talks. To understand the significance, it is worth recalling COP21 (Paris, 2015). There, 196 nations agreed to: work together to limit global warming (to 1. 5 degrees compared to pre-industrial levels); adapt to the impacts of the changing climate; and invest financially to deliver these changes. The Paris Agreement saw countries commit to reducing greenhouse gas emissions, delivering an updated reduction target every five years. With Paris pledges projected to fall short of limiting global warming to 1. 5 degrees - with current emissions levels expected to see temperatures rise by 2. 7 degrees, causing devastation to some of the world’s most vulnerable communities - new targets are likely to be revealed by each country at COP26. A key goal of COP26 is securing global net-zero emissions by 2050, which should substantially slow temperature rises. The next decade is considered decisive and countries are urged to unveil ambitious emissions reduction targets up to 2030 showing how they will phase out coal burning, invest in renewables, reduce deforestation, and transition to electric vehicle use. With climate change continuing even while emissions are reduced, the catastrophic effects must be planned for and mitigated against. COP26 will provide the framework for countries to work together so that the most affected can prepare. Enacting the Agreement alone will not deliver net zero. Governments, businesses and society must collaborate to change how we work, travel, heat our homes and businesses, and eat. Sustainable aquaculture is viewed as having a key role to play. Blue foods, like sustainably farmed salmon, have a significantly lower carbon footprint than animal land proteins. Indeed, Mowi salmon is the most sustainable source of animal protein on the planet. A dietary shift towards eating healthier foods like this and fruit and vegetables is a win-win, it’s good for people and the planet. Mowi is proud to be leading the Blue Revolution, which aligns with the UN’s Sustainable Development Goals. With COP26 promising to set the green - and blue - agenda, our Chief Sustainability and Technical Officer, Catarina Martins, and her team will be in attendance in Glasgow, where Catarina will speak at the COP26 Ocean Action Day and UN Global Compact - Blue Food events. - Categories: Corporate, News, Press, Sustainability - Tags: seafood, sustainability The World Benchmarking Alliance (WBA) has published its second Seafood Stewardship Index, which was presented at Tokyo’s Sustainable Seafood Summit earlier this month. Mowi maintained its #2 ranking in the Index and was found to be the best performing company in the ecosystem measurement area. This was down to the fact that 100% of our salmon farming operations have received third-party certification. We were also found to have leading practices on animal welfare, medicine use and the sustainable use of soya in our feed. Speaking about the ranking in the Seafood Stewardship Index, Catarina Martins, Chief Technical Officer said: “We are proud to maintain our position in the Index. There is, of course always room for improvement and we will continue implementing our strategy to lead the Blue Revolution to achieve this. ” The Seafood Stewardship Index measures the world’s 30 most influential companies in the seafood industry on their contribution to the UN Sustainable Development Goals (SDGs). Seafood plays a crucial role in nourishing populations and supporting livelihoods all over the world. By controlling a significant portion of marine catch and aquaculture production as well as large parts of the seafood value chain, these companies can deliver a significant, unique and actionable contribution to the SDGs and food system transformation. The Seafood Stewardship Index monitors the performance of those 30 companies to track progress towards these SDGs. Helen Packer, Lead at Seafood Stewardship Index at WBA added: “When it comes to the environmental impact of fisheries and aquaculture, the Seafood Stewardship Index suggests that most companies are taking action, by trading products from sources that are certified or engaged in improvement projects. This year, the salmon giant Mowi leads the way on ecosystem impacts, with 100% of its salmon products being certified sustainable and providing comprehensive reporting on key aquaculture issues such as responsible feed production and animal welfare. ” Read more about the Seafood Stewardship Index here. - Categories: General, News, Press, Sustainability - Tags: blue, food, product, seafood, sustainability Nutritional benefits and low environmental impact named as advantages of aquaculture Last week, the Blue Food Assessment (BFA) was released. The BFA is a collaboration between the Stockholm Resilience Centre, Stanford University and EAT, bringing together more than 100 scientists from 25 institutions to publish a series of scientific reviews that can help influence policy makers. The assessment shows how blue foods, such as salmon, and the waters in which they grow will have an essential role to play in the shift towards healthy, equitable and sustainable food systems. In fact, the assessment shows farmed salmon is preferrable to chicken for most environmental metrics, including freshwater use and greenhouse gas emissions, as well as on nutrient profile. Nutritional benefits The assessment found that blue foods on average have much greater nutritional benefits than terrestrial animal foods, and many also have a smaller environmental footprint. The assessment states: “15-million-tonne increased supply of aquatic animal-source food over the business-as-usual scenario in 2030 can prevent approximately 166 million cases of inadequate micronutrient intake. ” Manuel Barange of FAO said: “Aquatic foods provide unique micronutrients that can help secure healthy diets. It’s about time we harness aquatic food to their full capacity to deliver ecological, economic and nutritional benefits around the world. ” Environmental benefits Among the environmental benefits found in the assessment, it states: “Among farmed finfish and crustaceans, silver and bighead carps have the lowest greenhouse gas, nitrogen and phosphorus emissions, but highest water use, while farmed salmon and trout use the least land and water. ” Climate change and demand It was found that aquaculture is less exposed to climate risks than fisheries. The assessment also found that global blue food demand is expected to approximately double by 2050, something that is likely to have widespread environmental and social implications. The report says: “We project a near doubling of global fish demand by mid-century assuming continued growth in aquaculture production and constant real prices for fish. " Catarina Martins, Chief Technology and Sustainability Officer, said: “The BFA is a remarkable scientific proof of the value our industry has for humanity. Producing food from the ocean is both good for the planet, because of lower environmental impact compared to alternative land animal proteins, and good for people because of its unique nutritional profile. Having this value recognised by leading scientists is fantastic. ” Find out more at https://bluefood. earth/ - Categories: Corporate, General, Investors, News, Press 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 close to 50% in the Americas. Generally less restrictive Covid-19 measures have sparked foodservice demand whilst retail demand holds up at a high level. “Demand for salmon has strengthened as Covid-19 measures have become less restrictive in most countries. The demand response was impressive during the quarter with approximately 25% higher global salmon prices year-on-year despite a relatively high global supply growth of 9% including frozen inventory release from Chile,” Mowi CEO, Ivan Vindheim, said. Profits in Mowi Farming improved on the back of higher prices and stable harvest volumes and cost. Mowi Consumer Products had yet another a good quarter with record-high volumes for a second quarter. New Farming region in Norway To strengthen focus and leadership resources and to adopt an even more hands-on approach than previously, Mowi has decided to split up by far its largest Farming unit Norway Region Mid into two new regions; West and Mid. “Fish farming is still very much about the details and craftmanship which call for a great deal of hands-on management particularly in the more biologically challenging areas. This reorganisation will enable us to improve our operational performance, including productivity and cost, in this important farming area for Mowi,” Vindheim said. Mowi reached 85% green financing Mowi entered into a new 5-year green EUR 1. 8 billion facility with its bank consortium in the quarter at very attractive terms. “Sustainability is deeply engrained in the Mowi culture and I am very pleased that we have reached 85% green and sustainable financing with this facility,” Vindheim said. MOWI brand expanding Several MOWI branding launches were undertaken during the quarter including MOWI Pure in Belgium, MOWI Gourmet and Signature in Italy and MOWI Sushi in Spain. “We continue our long-term quest to de-commoditise the salmon category through our MOWI branding strategy, and it is exciting to see how well our branded products are being received by consumers throughout Europe, Americas and Asia,” Vindheim said. Mowi reported operational revenues of EUR 1 000 million (EUR 911 million) in the quarter. Total harvest volume in the quarter of 107 977 tonnes gutted weight (104 303 tonnes) was in line with guidance. Full-year harvest guidance for 2021 is increased slightly to 450 000 tonnes from 445 000 tonnes. Mowi’s Board has decided to pay a quarterly dividend of NOK 1. 96 per share, consisting of NOK 0. 96 per share in ordinary dividend and an extraordinary dividend of NOK 1. 00 per share supported by a strong financial position and a favourable outlook. Report Presentation Appendix For further information, please contact: Kristian Ellingsen, CFO, +47 905 14 275 Kim Galtung Døsvig, IR Officer & Head of Treasury, +47 908 76 339 Ola Helge Hjetland, Group Communications Director, +47 970 67 932 - Categories: Corporate, General, Investors, News 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 in Mowi Group. Based on the above, the boards of directors of the two companies have prepared and signed a joint merger plan. In accordance with the Norwegian Public Limited Liability Act the merger plan and appendices is now available to the shareholders on the internet site of the company. Following the merger, Lofoten Aqua AS will be dissolved and its assets, rights and liabilities be transferred to Mowi ASA. See the merger plan with attachments for more details and information: Merger plan Appendix 1: Annual account, annual report and auditor’s report for the last three financial years of the Acquiring Company Mowi ASA Annual Reports Appendix 2: Annual account, annual report and auditor’s report for the last three financial years of the Transferor Company Årsregnskap Lofoten Aqua AS 2018 Årsregnskap Lofoten Aqua AS 2019 Årsregnskap Lofoten Aqua AS 2020 Appendix 3: Half-yearly financial report pursuant to section 5-6 of the Securities Trading Act with the balance sheet date 25. 08. 2020 for the parent company Mowi ASA Financial Report Q2 2020 Appendix 4: Articles of association for the parent company and the subsidiary Mowi ASA Articles of Association Lofoten Aqua AS – Articles of Association The merger plan will be registered and announced at the Brønnøysund Register Center. - Categories: Corporate, General, Investors, News, Press 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, prices increased during the quarter on strong demand. “Although extensive lockdown measures are still in place, out-of-home consumption has started to improve in some markets compared with the previous quarter. Demand in retail has continued to be very good, something Mowi has yet again capitalised on through our integrated value chain,” said Mowi CEO Ivan Vindheim. Mowi believes that demand for salmon is on the road to full recovery driven by Covid-19 measures becoming less restrictive. Growth in retail salmon sales was 20-25% during the quarter, and this growth came from both new and existing customers. Mowi expects both customer groups to increase their retail consumption post Covid-19, even as the foodservice segment continues to reopen. Mowi Consumer Products had yet another strong quarter with record-high first quarter earnings and volumes partly driven by tailwinds from Lent and Easter season. Mowi Farming harvested a record-high 125 000 tonnes in the quarter, equivalent to 51% growth compared to a year ago. At the same time, cost was down by 9%. “It is very encouraging to deliver record-high first quarter Farming volumes and reduction in production cost. The decline in cost is driven by large volumes and cost initiatives over time. Farming volume growth and cost competitiveness are pivotal elements in Mowi’s strategy,” Vindheim said. Mowi achieved an operational EBIT of EUR 109 million in the first quarter of 2021, the same as the corresponding quarter in 2020. The company reported operational revenues of EUR 1 022 million (EUR 885 million) in the quarter. Total harvest volume in the quarter of 125 468 tonnes gutted weight (83 119) was above guidance of 116 000 tonnes. Full-year harvest guidance for 2021 is unchanged at 445 000 tonnes. Mowi’s Board has decided to pay NOK 0. 77 per share in ordinary dividend in the second quarter of 2021, equivalent to 50% of underlying earnings per share in the first quarter of 2021. - Categories: News, Press, Sustainability In recent years Mowi has taken huge strides towards sustainability. But there is so much more still to do. As leaders of the Blue Revolution, we are committed to sustainably producing more food from the ocean to feed a growing world population. We believe that by being a front runner on environmental stewardship and innovation we can maximise the potential of this precious natural resource, at the same time playing an integral role in tackling issues like climate change and plastic pollution to safeguard the ocean for future generations. Contribution to UN sustainability goals Everyone at Mowi is passionate about making a positive impact on the planet and, even though we’re already the world’s most sustainable animal protein producer (ranked by the Coller FAIRR Protein Producer Index, 2019-2021), we are not stopping there. In our agenda-setting Leading the Blue Revolution Plan, we proudly commit to maximising our contribution towards the United Nations’ Sustainable Development Goals (SDGs), which calls on the governments, people and industry from the 193 member states to collaborate to drive sustainable development. As one of the world’s leading seafood companies, we are uniquely positioned to contribute to these SDGs to help tackle the challenges facing humanity. And it’s something we truly believe in. Plastic promises & lowering CO2 emissions Our promise to the planet is absolute. That’s why, by 2025, 100% of our plastic packaging will be reusable, recyclable or compostable, making it easier for consumers to make more sustainable choices. It’s why, by 2023, we will ensure that 100% of our farming plastic equipment will be reused or recycled. And it’s why, despite our farmed salmon already boasting a very small carbon footprint compared to land based proteins, we are wholeheartedly committed to reducing our GHG emissions by 35% before 2030 and 73% until 2050. To expedite this transition to a low carbon economy, Mowi’s Chief HR Officer, Anne Lorgen-Riise, recently announced a reduction in business flights in 2021/22 by 50% compared with 2019. The move will cut our global CO2 emissions from business flights by a staggering 250T - the equivalent to taking 49. 3 cars off the road for a whole year. The search for sustainable feed As the world’s largest producer of Atlantic salmon, we take the responsibility of ensuring that the ingredients in our feed are sustainably produced very seriously. With soy a key component of our feed, recent years have seen Mowi staff work closely with the Brazilian soy industry to ensure that all their crop is part of a clean supply chain and 100% deforestation-free. With all our marine raw materials certified and 100% of our feed raw materials traceable, too, more than 100 of our global sites have now been certified by the Aquaculture Stewardship Council (ASC). Healthy fish ASC certification is awarded to companies producing environmentally and socially responsible seafood - which is at the very heart of what we do. Though we’ve long been committed to improving fish health and welfare at our farms, we are incredibly excited about the implementation of Mowi 4. 0 Smart Farming - a new initiative that will evolve our production and industrial practices at a quicker rate than any time in our 57 year history. This game-changing smart technology, which is the result of years of research and development, will not only improve fish health and welfare but is set to have an extremely positive impact on productivity and sustainability, helping us achieve our ambitious goals sooner. Circular economy & waste management An innovative approach to waste management, which has seen Mowi adopt a circular approach to how we handle our waste, is also setting standards for the industry. Smarter working practices are keeping us on target to send zero waste to landfill at our processing plants by 2025 and vastly improve freshwater use efficiency. A policy of ‘Reduce, Reuse, Recycle and Recapture’ saw 900 tonnes of nets up-cycled to swimwear or carpets in 2020, while nearly 50,000 tonnes of by-products from our farmed salmon have been used in non-salmon aquaculture and pet feed, significantly reducing our environmental footprint. An ethos Sustainability is a real buzzword of the moment but for Mowi it’s a long-held ethos. We have aligned with the United Nations’ SDGs not because it’s the right thing to do. It’s the only thing to do - for us, for the planet, for future generations. We firmly believe that by working in harmony with the ocean to produce more sustainable food we can be part of the solution. That’s why everyone at Mowi are working toward providing a growing world population with delicious, healthy food from the ocean in a way that respects the planet and allows local communities to flourish. Leading a Blue Revolution isn’t easy. But the positive impact implementing initiatives from our sustainability strategy has already made - and the potential to make an even bigger difference in the future - inspires us to do more. - Categories: Corporate, General, Investors, News, Press Despite the challenges posed by Covid-19 and Brexit, our new state of the art feed mill in Scotland delivered on our strategic aim to be self-sufficient for all feed requirements in Europe. Based in Kyleakin on the Isle of Skye, the feed mill started production in the spring of 2019. After successfully completing the commissioning phase, working closely with regulator Scottish Environment Protection Agency (SEPA), it moved into full production in 2019. With a team of 70, most of them local, the feed mill produces the full range of feed required by Mowi’s operations in Scotland, Ireland and the Faroe Islands. It will also deliver seawater and freshwater feed to the Norwegian operations. Kyleakin produces feed for our freshwater, seawater and organic farms. When operating at full capacity, it can produce up to 240,000 tonnes of feed pellets a year. In 2020, the team at the feed mill, under the leadership of Feed Operations Director, Claes Jonermark, was able to adapt work patterns to meet with government requirements relating to Covid-19 and ensure that enough feed was produced to mitigate against any potential disruption posed by Brexit. Investment in Scotland The construction of the feed mill at Kyleakin was a significant investment for the company. Upwards of £100 million was spent on the construction of the feed mill, which was designed to be as efficient as possible, take account of future requirements of the business and reduce our dependency on road freight. A cornerstone of the infrastructure at Kyleakin was the refurbishment and extension of the pier. This enables us to receive delivery of raw materials to produce the feed and despatch the final product by sea. With the recent completion of LNG commissioning, the feed mill now also produces with lower carbon emissions. The LNG is also delivered by sea. Much of the infrastructure is unique to Kyleakin Feed Mill including the unloader which features a carbon filter to remove odour from the tiniest of particles and ducting to ensure that air from both the raw material side as well as the processing side is passed through the biofilter to eliminate odour. Since it has been operational, the team has worked closely with the local community to have open lines of communication and respond to any concerns. Two site visits for the community have taken place and over 50 people attended an open day to find out more about Mowi and salmon farming as a whole as well as the feed mill operation specifically. Collaboration with Norway The feed mill at Kyleakin is an excellent example of the power of collaboration that is possible at Mowi. The team from the Valsneset feed mill in Norway has been involved in every step of the journey at Kyleakin. From applying for permits, meeting politicians in Scotland, hosting political delegations from Scotland at our feed plant in Norway, the construction phase and frequent communication since the site has been operational, the collaboration between the teams at the two sites has been strong. Learnings from Valsneset also led to the production of feeds that are of a consistently higher physical quality yet, whilst improving operational effectiveness and reducing waste. Strong team In the early days, some of our experienced team from Norway relocated to Scotland to support the new feed mill. Thanks to shared learning, training and further collaboration, most of that team have now returned to Norway and the majority of staff are local to Kyleakin. Creating local employment is an important part of our commitment to Scotland. Producing healthier salmon The guiding principle for salmon feed is that every single pellet must deliver 100% of what the fish needs, every day. Our aim, therefore, is to produce robust, sustainable, high quality salmon using the widest available spectrum of raw materials in the most efficient way possible. What a year it has been! We have had challenges and successes, but the constant has always been a great team at both our sites, in Kyleakin and at Valsneset. I firmly believe that we embody the notion of One Feed, One Mowi. I am extremely proud of this and I know it will stand us in good stead for challenging times ahead as we continue to face global uncertainty caused by the far-reaching impact of the Coronavirus pandemic. Claes Jonermark, Feed Operations Director The feed mill in Scotland has substantially increased the scope of products that we are now manufacturing and introduced diversity in the product mix as we tailor our products to meet the different needs of salmon product offerings including Label Rouge, Irish Organic Salmon and the MOWI Pure bespoke salmon. Having two feed mills gives us complete control of the supply chain. By determining the raw material, recipes and nutrition used in the feed we can ensure we produce the healthiest salmon possible. Going forward our Feed operations will grow in line with our farming operations in order to stay self-sufficient. Furthermore, Mowi Feed will continue to focus on operational improvements and cost optimisation. - Categories: Blog, General, Press Our goal, as part of our mission to lead the Blue Revolution, is to sustainably produce more food from the ocean to feed a growing world population. We believe that producing more food from the ocean is an integral part of dealing with major challenges faced by humanity, such as food security and climate change. Salmon is farmed with a low carbon footprint, space for farming in the ocean is plentiful, and as far as animal protein goes - it’s about as healthy as it gets. By producing food at a sustainable scale, we have every opportunity to position the aquaculture industry in the driver’s seat to tackle global challenges - this is at the very core of our vision of Leading the Blue Revolution. In 2020, as countries all over the world were forced to introduce tough measures to control the spread of COVID-19, the issues of a stable food supply chain and the environment were thrust into the spotlight. Mowi staff, along with other companies involved in food production, were designated as key workers so that the food supply chain continued uninterrupted during the pandemic. With changes to our daily working lives and the subsequent reduction of travel, especially by air, wildlife was seen to flourish and noticeable changes in air quality were observed. If anything, this further strengthened our resolve to push forward with our vision to develop a sustainable ocean economy and we were proud to support two significant initiatives in 2020. Ocean Action Agenda The High Level Panel for Sustainable Ocean Economy (Ocean Panel) published a new Ocean Action Agenda which identified how countries around the world can accelerate, scale and finance ocean action. Mowi is part of the Advisory Network of the Ocean Panel which comprises of more than 125 private sector, non-governmental organisations and intergovernmental organisations across 35 countries. Our Chief Sustainability and Technology Officer, Catarina Martins, contributed to the development of the Ocean Action Agenda and is passionate about its goals: “It is clear that the ocean can provide more abundant and diverse food than it currently does, thereby playing a bigger role in the global food system. I am both passionate about meeting this global need and about taking a responsible and sustainable approach across our entire global operations to increase production in order to deliver this. ” Mowi supports the food production targets set by the Ocean Action Agenda for 2030, especially that of growing aquaculture sustainably to meet global needs. The work to put in place policies and management frameworks to minimise the environmental impacts of aquaculture, including inefficiencies in the feed supply chain, and enable the acceleration of fed and non-fed aquaculture production that fits local environmental, governance and economic priorities – a stated measure in the Ocean Action Agenda - is already well underway. Catarina continues: “2020 saw us make huge strides towards sustainability. More than 100 of our sea sites are now certified by the Aquaculture Stewardship Council (ASC) and we successfully worked with the soy industry in Brazil to achieve a commitment that all their soy is part of a clean supply chain, 100% deforestation and conversion free. There is more to do but our desire to develop a sustainable ocean economy has never been stronger. ” One Ocean Expedition We are extremely proud to sponsor the One Ocean Expedition. During this decade, declared the ‘Decade of Ocean Science for Sustainable Development’ by the United Nations (UN), the Statsraad Lehmkuhl, Norway’s largest and oldest square-rigged sailing ship, will sail over 55 000 nautical miles and visit 36 ports worldwide. The One Ocean Expedition will raise awareness and share knowledge about the crucial role of the ocean in sustainable development. It will unite young people, scientists and international leaders in building new knowledge about the ocean. The aim is to gain new insights through education, science and technology, and to share this knowledge around the world. The Statsraad Lehmkuhl will serve as both a sail training ship and a state-of-the-art research vessel. Using advanced equipment, students and scientists will conduct research and monitor the sea throughout the voyage. Specialised study programmes, focusing on sustainability and young leadership, will be held onboard. The One Ocean Expedition will contribute to fulfilling the following UN Sustainable Development Goals: Life below water Partnership for the goals Climate action Quality education Speaking about the One Ocean Expedition, Catarina explains: “This expedition is a perfect fit with Mowi in so many ways. We have a significant global presence and strive to be a front runner on environmental stewardship and hope our innovation will make a positive impact in the world. This global expedition, which will engage people all over the world, especially young people, will seek to create a better understanding of our ocean, the potential of this natural resource and, crucially, the need to maintain and protect our ocean for future generations to come. ” - Categories: Corporate, General, News, Press, Sustainability The concept of Reduce, Reuse and Recycle is a practical guide for the responsible use of planetary resources. When it comes to marine resource management, an additional ‘R’ can also make an important contribution – that of ‘Recaptured’ fishmeal (FM) and fish oil (FO). Mowi Nutrition has recently been able to implement this fourth R by producing FM and FO from our farmed salmon by-products and trimmings, which is subsequently made available to other applications through global markets. This efficiency helps reduce our environmental footprint and helps align us with #12 of the Sustainable Development Goals: to “Ensure sustainable consumption and production patterns”. With 25–30% of global food production currently being wasted, this is a target that all food sectors must strive to meet, united in a shared goal of “doing more and better with less”. A common metric for measuring the responsible use of FM/FO in aquaculture is the Fish In-Fish Out (FIFO) ratio, which compares wild fish inputs with farmed fish outputs. Although the concept is simple at heart, it is more complex in practice, but it is a useful way to begin to account for FM/FO resource efficiency. Since the FIFO concept first arose in the 2000s, technological improvements have been realised across the entire FM/FO value-chain. The recapture of FM/FO from farmed fish takes this process a step further; we call this the RecaptureFIFO (rFIFO), a metric that more accurately reflects the ‘nett’ use of FM/FO. In 2020, Mowi recaptured ~14,000 tonnes of FO from our Norwegian operations, which had initially used ~34,000 tonnes; together with recaptured FM this results in an rFIFO of 0. 54. By implementing the fourth R across the group, our aim is to keep giving back into the global fund of marine ingredients – and to continue “doing more and better with less”. You can read more about rFIFO in our 2020 Annual Report. - Categories: Corporate, General, Investors, News, Press, Sustainability As the first seafood company to issue a green bond, we are proud to present Mowi’s Green Bond Impact Report for the year 2020, detailing the environmental impact of EUR 200 million of green bond proceeds. Proceeds have been allocated and their impact measured based on the criteria set out in our Green Bond Framework, published in January 2020. Mowi’s Green Bond Framework was reviewed by CICERO Shades of Green and received a Medium Green Shading together with the highest governance rating. With the allocation of our green bond proceeds, we support the Paris Agreement and progress towards UN Sustainable Development Goals #6 on clean water and sanitation, #13 on climate action and #14 on life below water in particular. Proceeds from Mowi’s inaugural green bond have been allocated to producing sustainable fish feed using only certified deforestation-free soy, essential for reducing the carbon footprint of salmon, and to investing in freshwater facilities employing recirculating aquaculture systems (RAS) that drastically reduce dependency on external freshwater resources and can reduce time in sea. - Categories: General, Investors, News, Press, Sustainability Mowi is one of the world’s leading seafood companies, ranked as number one on both market capitalisation and sustainability. Mowi is also by far the world’s largest Atlantic salmon farmer with harvest volumes of 440 000 tonnes in 2020, equivalent to a global market share of approximately 20% in an industry which is still fragmented. We have a fully integrated value chain from roe to plate and produces its own environmentally certified feed specifically designed for the Mowi salmon strain. This integrated report sets out how we run our business, describes our vision and ambition, our successes and our improvement areas in an open and transparent way. You can read the Mowi Annual Report 2020 here. - Categories: Corporate, General, Investors, News, Press, Sustainability - Tags: product The fourth industrial revolution is upon us. The ongoing trend of using smart technology to automate production and industrial practices offers significant opportunities for Mowi. To leverage these opportunities, we have developed our own Mowi 4. 0 strategy to digitalise and automate our value chain from roe to plate. Mowi 4. 0 is our digital strategy set to revolutionise our business and our journey is well underway with technologies such as advanced camera and sensor technology, the Internet of Things (IoT), image recognition, machine learning, artificial intelligence, robotics, blockchain, big data and analytics already introduced. These technologies will have a significant impact on how we operate throughout our integrated value chain – from roe to plate, through: Smart Farming Smart Operations Customer Interaction Significant progress has been made in Smart Farming and Smart Operations in particular and it is our goal to implement Smart Farming in all operations in Norway by 2025. Smart Farming The ongoing implementation of Smart Farming technologies in Mowi Farming is expected to have a positive impact not only on productivity and costs, but also on fish welfare and sustainability. Farming Norway leads the way within “Mowi 4. 0 Smart Farming” and by 2025 expects to have completed the roll-out of Smart Farming technologies in its largest farming unit. By means of advanced imaging technology and intelligent sensors, Mowi will perform real-time monitoring of biomass, digital lice counting, autonomous feeding and tracking of fish welfare. Remote operation centres will leverage on these technological advances. A wealth of data combined with machine learning and artificial intelligence will enable Mowi to grow fish much more efficiently than today, and in an even more sustainable way. By constantly tracking fish behaviour and fish health, Mowi can be proactive instead of reactive when it comes to acting on biological issues. Henrik Trengereid is the project manager overseeing the roll out of the sensing and analysis platform to multiple sites in Norway. He comments on the progress: “With this project Mowi is living up to our vision of Leading the Blue Revolution. We have installed the technology at many sites across the Norwegian coast and are in the process of validating and documenting the anticipated value it will have both for us as farmers and for the fish in our care. " The organisation strongly believes Industry 4. 0 technologies will offer much clearer scale advantages in the seawater phase than what is seen today. Smart Operations In Mowi’s downstream operations digitalisation and automation also offer significant opportunities in its more than 30 factories all across the world. Fish processing is in many ways still very labour-intensive and in many cases improvements can be made simply by automation of manual work. However, the availability of advanced scanning technology also opens up for much more efficient production and more sophisticated product differentiation than seen today. Odd Medhus, Group Manager Product Quality and Processing, explains: “It’s not just about a photograph to understand the appearance of the fillet, it’s about the diagnostic potential of the technology. This has never been done before in the food industry and it will mean that we can guarantee the quality of our products. This has never been done before in the food industry and it will mean that we can guarantee the quality of our products. ” Customer Interaction The launch of the MOWI brand shows that Mowi is delivering value-added products directly to the consumer. One way of connecting with the consumer is to provide transparent and relevant information about the product they are buying. This is done by using QR codes on the product, which pulls up well-presented information about the origin of the fish and other details about its journey from the hatchery to the grocery store. Similarly, Mowi is in an early stage of sharing important product information using blockchain with strategic customers, such as major European supermarket chains. Batch information and various project details are shared on the customer’s own platforms. In the future this can be expanded to include things like transportation information, temperature measurements from logistics companies etc. ensuring that the necessary level of quality is maintained in each step of the project throughout the value chain. E-commerce has been growing consistently during the past decade. This is also true for groceries, either through e-commerce platforms of traditional brick-and-mortar players or through dedicated e-commerce grocery shops like Amazon Fresh. Due to Covid-19 impacts, e-commerce growth has been massively accelerated during 2020. Ola Brattvoll, COO Sales and Marketing, says: “The MOWI brand has already been selling well in e-commerce in 2020. Out of or 3 top customers, 2 of them are e-commerce. As of next year, we want to expand further in this channel with existing and new customers. ” - Categories: Corporate, General, Investors, News, Press Live streaming of Mowi’s Capital Markets Day can be viewed at https://mowi. com/investors/ from 08:00 CET today. Management presentation will commence at that time followed by a Q&A session which is scheduled to start at approximately 10:30 CET. Mowi is one of the world’s leading seafood companies, ranked as number one on both market capitalisation and sustainability. Mowi is also by far the world’s largest Atlantic salmon farmer with harvest volumes of 440,000 tonnes in 2020, equivalent to a global market share of approximately 20%. The company has a fully integrated value chain from roe to plate and also produces its own environmentally certified feed specifically designed for the Mowi salmon strain. To further strengthen the company’s position, Mowi’s strategic trajectory towards 2025 will be focussed on four main objectives: growth throughout the value chain with particular focus on Mowi Farming, further cost savings across the group, greater sustainability, and capitalising on digitalisation and automation. All four objectives are of equal importance and apply throughout our value chain, and these priority areas will be the focus of our Capital Markets Day. MEGATRENDS CONTINUE TO DRIVE DEMAND One of the key foundations of the salmon farming industry is the favourable long-term demand outlook. The megatrends driving salmon demand are stronger than ever and driven by health trends, a growing need for more low-carbon footprint diets, and salmon’s ability to appeal to the wider population as highly versatile and suitable for almost any eating occasion. Mowi expects the continued strong growth in demand for Atlantic salmon to exceed supply growth in the next five years. “Salmon is a scientifically proven natural superfood. It is also versatile and appeals to people of all ages with its highly appetising taste, look, texture and colour. In the coming years, I see countless opportunities for Mowi and we are working on many important initiatives that will further develop the company and bring it into the future,” Mowi CEO, Ivan Vindheim says. MOWI FARMING WORKING ALONG THREE PILLARS – VOLUME GROWTH, COST AND SUSTAINABILITY Mowi Farming is working along three pillars; volume, cost and sustainability. On sustainability Mowi has yet again being ranked the world’s most sustainable animal protein producer in the 2020 Coller FAIRR Protein Producer Index. Atlantic salmon is also ranked the most sustainably produced animal protein. On cost Mowi is consistently the number one or number two performer among peers in the regions in which the company operates. However, cost is still too high in absolute terms, particularly in some regions outside Norway. The cost variation between the regions is also too high. Thus, Mowi Farming will continue unabated with its work to address cost initiatives going forward. Despite achieving record high volumes in 2020, Mowi Farming’s volume growth has been lagging behind the industry in the past few years. This is not satisfactory and will duly be addressed through various growth initiatives including increased investment in postsmolt. With the right measures in place we believe Mowi Farming has the intrinsic potential to grow well beyond 500,000 tonnes organically, using existing license capacity. Further to this Mowi Farming will also pursue farming growth through accretive acquisitions when this fits with its operational strategy. The main focus in Mowi Farming has been and will continue to be conventional farming. That said, we are monitoring developments in alternative technologies closely and may introduce such technologies when, and if, we find it timely and profitable. “Although Mowi is uniquely positioned in the salmon farming industry, we have been lagging on growth and have over the past years grown by less than the industry. For an industry leader that is not satisfactory. Thus, re-igniting growth within Mowi Farming is a key priority going forward”, says Mowi CEO, Ivan Vindheim. MOWI SALES & MARKETING CREATING CUSTOMER VALUE In Sales & Marketing Mowi puts the customer at the core of everything it does through product innovation, branding and operational excellence to create customer value. Mowi will continue to develop new, innovative, high quality products that are easily accessible to its customers to keep pace with constantly evolving food habits. “We will also continue in our long-term quest to de-commoditise the salmon category through our MOWI branding strategy. At the same time we must acknowledge that salmon is still mainly sold as a commodity subject to fierce competition – particularly in Europe. Thus, it is key to be a cost leader in this part of the value chain too, in order to attain a reasonable profit on our sales”, says Vindheim. Mowi also has a clear ambition for growth in Sales & Marketing, albeit with focus on selected segments and markets. MOWI FEED TO GROW ALONG WITH MOWI FARMING Mowi’s latest addition, Mowi Feed, was established as late as in 2013. After commissioning the second feed mill in Kyleakin, Scotland in 2020 Mowi is now self-sufficient for feed in Europe. Feed is by far the most important cost component in farming. The strategy from here is to grow Mowi Feed along with Mowi Farming. Mowi has unutilised capacity at its feed mill in Kyleakin, Scotland, and can add a new production line at the feed mill in Bjugn, Norway if needed with limited capital expenditure. Further to this the company will continue to streamline its operations to minimise cost and continue to produce sustainably sourced, high-performing quality feed specially designed for the Mowi salmon strain. Mowi will also continue to test alternative feed ingredients that provide the necessary nutrients for state-of-the-art salmon feed. The incorporation of such novel feed raw materials into Mowi Feed’s sourcing strategy will continue to be subject to satisfying our internal profitability, operational excellence and sustainability requirements. MOWI 4. 0 – TRANSFORMING OUR VALUE CHAIN THROUGH DIGITALISATION AND AUTOMATION The fourth industrial revolution is upon us and offers Mowi significant opportunities. To leverage these opportunities, Mowi has developed its own Mowi 4. 0 strategy to make the company more efficient by digitalising and automating the value chain from roe to plate. The ongoing implementation of Smart Farming technologies in Mowi Farming is expected to have a positive impact not only on productivity and costs, but also on fish welfare and sustainability. Farming Norway leads the way within “Mowi 4. 0 Smart Farming” and by 2025 expects to have completed the roll-out of Smart Farming technologies in its largest farming unit. By means of advanced imaging technology and intelligent sensors, Mowi will perform real-time monitoring of biomass, digital lice counting, autonomous feeding and tracking of fish welfare. Remote operation centres will leverage on these technological advances. A wealth of data combined with machine learning and artificial intelligence will enable Mowi to grow fish much more efficiently than today, and in an even more sustainable way. By constantly tracking fish behaviour and fish health, Mowi can be proactive instead of reactive when it comes to acting on biological issues. The organisation strongly believes Industry 4. 0 technologies will offer much clearer scale advantages in the seawater phase than what is seen today. In Mowi’s downstream operations digitalisation and automation also offer significant opportunities in its more than 30 factories all across the world. Fish processing is in many ways still very labour-intensive and in many cases improvements can be made simply by automation of manual work. However, the availability of advanced scanning technology also opens up for much more efficient production and more sophisticated product differentiation than seen today, and for selected customers Mowi will use blockchain solutions. - Categories: Investors, News, Press The presentation is available in PDF on our presentations page. Capital Markets Day 2021 Mowi is one of the world’s leading seafood companies, ranked as number one on both market capitalisation and sustainability. Mowi is also by far the world’s largest Atlantic salmon farmer with harvest volumes of 440,000 tonnes in 2020, equivalent to a global market share of approximately 20%. The company has a fully integrated value chain from roe to plate and also produces its own environmentally certified feed specifically designed for the Mowi salmon strain. To further strengthen the company’s position, Mowi’s strategic trajectory towards 2025 will be focussed on four main objectives: growth throughout the value chain with particular focus on Mowi Farming, further cost savings across the group, greater sustainability, and capitalising on digitalisation and automation. All four objectives are of equal importance and apply throughout our value chain, and these priority areas will be the focus of our Capital Markets Day. MEGATRENDS CONTINUE TO DRIVE DEMAND One of the key foundations of the salmon farming industry is the favourable long-term demand outlook. The megatrends driving salmon demand are stronger than ever and driven by health trends, a growing need for more low-carbon footprint diets, and salmon’s ability to appeal to the wider population as highly versatile and suitable for almost any eating occasion. Mowi expects the continued strong growth in demand for Atlantic salmon to exceed supply growth in the next five years. “Salmon is a scientifically proven natural superfood. It is also versatile and appeals to people of all ages with its highly appetising taste, look, texture and colour. In the coming years, I see countless opportunities for Mowi and we are working on many important initiatives that will further develop the company and bring it into the future,” Mowi CEO, Ivan Vindheim says. MOWI FARMING WORKING ALONG THREE PILLARS – VOLUME GROWTH, COST AND SUSTAINABILITY Mowi Farming is working along three pillars; volume, cost and sustainability. On sustainability Mowi has yet again being ranked the world’s most sustainable animal protein producer in the 2020 Coller FAIRR Protein Producer Index. Atlantic salmon is also ranked the most sustainably produced animal protein. On cost Mowi is consistently the number one or number two performer among peers in the regions in which the company operates. However, cost is still too high in absolute terms, particularly in some regions outside Norway. The cost variation between the regions is also too high. Thus, Mowi Farming will continue unabated with its work to address cost initiatives going forward. Despite achieving record high volumes in 2020, Mowi Farming’s volume growth has been lagging behind the industry in the past few years. This is not satisfactory and will duly be addressed through various growth initiatives including increased investment in postsmolt. With the right measures in place we believe Mowi Farming has the intrinsic potential to grow well beyond 500,000 tonnes organically, using existing license capacity. Further to this Mowi Farming will also pursue farming growth through accretive acquisitions when this fits with its operational strategy. The main focus in Mowi Farming has been and will continue to be conventional farming. That said, we are monitoring developments in alternative technologies closely and may introduce such technologies when, and if, we find it timely and profitable. “Although Mowi is uniquely positioned in the salmon farming industry, we have been lagging on growth and have over the past years grown by less than the industry. For an industry leader that is not satisfactory. Thus, re-igniting growth within Mowi Farming is a key priority going forward”, says Mowi CEO, Ivan Vindheim. MOWI SALES & MARKETING CREATING CUSTOMER VALUE In Sales & Marketing Mowi puts the customer at the core of everything it does through product innovation, branding and operational excellence to create customer value. Mowi will continue to develop new, innovative, high quality products that are easily accessible to its customers to keep pace with constantly evolving food habits. “We will also continue in our long-term quest to de-commoditise the salmon category through our MOWI branding strategy. At the same time we must acknowledge that salmon is still mainly sold as a commodity subject to fierce competition – particularly in Europe. Thus, it is key to be a cost leader in this part of the value chain too, in order to attain a reasonable profit on our sales”, says Vindheim. Mowi also has a clear ambition for growth in Sales & Marketing, albeit with focus on selected segments and markets. MOWI FEED TO GROW ALONG WITH MOWI FARMING Mowi’s latest addition, Mowi Feed, was established as late as in 2013. After commissioning the second feed mill in Kyleakin, Scotland in 2020 Mowi is now self-sufficient for feed in Europe. Feed is by far the most important cost component in farming. The strategy from here is to grow Mowi Feed along with Mowi Farming. Mowi has unutilised capacity at its feed mill in Kyleakin, Scotland, and can add a new production line at the feed mill in Bjugn, Norway if needed with limited capital expenditure. Further to this the company will continue to streamline its operations to minimise cost and continue to produce sustainably sourced, high-performing quality feed specially designed for the Mowi salmon strain. Mowi will also continue to test alternative feed ingredients that provide the necessary nutrients for state-of-the-art salmon feed. The incorporation of such novel feed raw materials into Mowi Feed’s sourcing strategy will continue to be subject to satisfying our internal profitability, operational excellence and sustainability requirements. MOWI 4. 0 – TRANSFORMING OUR VALUE CHAIN THROUGH DIGITALISATION AND AUTOMATION The fourth industrial revolution is upon us and offers Mowi significant opportunities. To leverage these opportunities, Mowi has developed its own Mowi 4. 0 strategy to make the company more efficient by digitalising and automating the value chain from roe to plate. The ongoing implementation of Smart Farming technologies in Mowi Farming is expected to have a positive impact not only on productivity and costs, but also on fish welfare and sustainability. Farming Norway leads the way within “Mowi 4. 0 Smart Farming” and by 2025 expects to have completed the roll-out of Smart Farming technologies in its largest farming unit. By means of advanced imaging technology and intelligent sensors, Mowi will perform real-time monitoring of biomass, digital lice counting, autonomous feeding and tracking of fish welfare. Remote operation centres will leverage on these technological advances. A wealth of data combined with machine learning and artificial intelligence will enable Mowi to grow fish much more efficiently than today, and in an even more sustainable way. By constantly tracking fish behaviour and fish health, Mowi can be proactive instead of reactive when it comes to acting on biological issues. The organisation strongly believes Industry 4. 0 technologies will offer much clearer scale advantages in the seawater phase than what is seen today. In Mowi’s downstream operations digitalisation and automation also offer significant opportunities in its more than 30 factories all across the world. Fish processing is in many ways still very labour-intensive and in many cases improvements can be made simply by automation of manual work. However, the availability of advanced scanning technology also opens up for much more efficient production and more sophisticated product differentiation than seen today, and for selected customers Mowi will use blockchain solutions. - Categories: Corporate, Investors, News, Press Mowi achieved all-time high volumes in all divisions in 2020, harvesting 440 000 tonnes of salmon, selling 240 000 tonnes of value-added products, and producing 540 000 tonnes of feed. Mowi’s farming division recorded all-time high harvest volumes for the quarter and for the full year. Consumer Products continued to benefit from the shift in demand towards elaborated products, and delivered all-time high quarterly and full-year volumes. Feed also delivered another good set of results, and similarly to Consumer Products delivered record quarterly and full-year volumes. “I would like to take this opportunity to thank all my colleagues at Mowi for delivering record-high volumes in all divisions in an extremely challenging year. At the same time we have managed to keep everyone safe during the Covid-19 pandemic so far by employing the strictest biosecurity measures across our business,” Mowi CEO, Ivan Vindheim said. The strength of Mowi’s integrated value chain during these unprecedented times was demonstrated yet again as the Consumer Products division continued to capitalise on the shift in consumer demand from foodservice to retail. Mowi has produced more value-added products than ever through its downstream facilities, and the development in the retail market continues to be strong. Covid-19 impacting results Mowi’s results in the fourth quarter were significantly impacted by Covid-19 and extensive lockdown measures, together with seasonal high supply. The company reported operational EBIT of EUR 49 million in the fourth quarter of 2020, compared with EUR 166 million in the corresponding quarter in 2019. Costs are reduced compared with the fourth quarter last year, hence the decline in results is explained by significantly lower prices. “The pandemic still impacts out-of-home consumption to a large degree, and although retail sales are strong and offset some of the demand shortfall, overall demand was down by approximately 5%. However, we still strongly believe in the positive long-term market outlook for the industry. A significant share of new customers in retail are expected to permanently increase their retail consumption rates post Covid-19, even as the foodservice segment gradually re-opens in due course,” Vindheim said. Mowi reported operational revenues of EUR 1 008 million (EUR 1 112 million) in the fourth quarter of 2020. Total harvest volume in the quarter of 126 634 tonnes gutted weight (116 314) was in line with guidance. Full-year harvest guidance for 2021 is unchanged at 445 000 tonnes. Recognition of sustainability efforts Mowi’s sustainability work has yet again been recognised with the company being named the most sustainable animal protein producer in the world in the 2020 Coller FAIRR Protein Producer Index and being recognised for leadership in corporate sustainability by global environmental non-profit CDP, securing a place on its prestigious ‘A List’ for tackling climate change. “Sustainability will be even more important going forward for both Mowi and the salmon farming industry. By producing healthy and delicious food in the most sustainable manner, we are part of the solution,” said Vindheim. Dividend The dividend has been an important component of Mowi's financial strategy and to make dividend payments more predictable and transparent the Board has decided to operationalise the dividend policy by introducing ordinary and extraordinary dividends. Mowi’s ambition is to create long-term value for the shareholder through both positive share price development and a growing dividend in line with long-term earnings. Quarterly ordinary dividends shall under normal circumstances be at least 50% of underlying earnings per share. Excess capital will be paid out as extraordinary dividends. When deciding excess capital the Board of Directors will take into consideration expected cash flow, capital expenditure plans, financing requirements and appropriate financial flexibility. Further to this a long-term target level for net interest-bearing debt is determined, reviewed and updated on a regular basis. Based on this, the Board has decided to pay NOK 0. 32 per share in ordinary dividend in the first quarter of 2021, equivalent to 50% of underlying earnings per share in the fourth quarter of 2020. The report and the presentation is available at our report page. - Categories: Investors, News, Press, Sustainability - Tags: asc, scotland, sustainability January 2021: Mowi Scotland has achieved certification from the Aquaculture Stewardship Council (ASC) for four seawater salmon farms this month, bringing its total of ASC certified farms to eight. Mowi’s seawater farms at Loch Linnhe, Gorsten, Marulaig Bay and Stulaigh join Loch Leven in achieving ASC certification, complimenting previous certification of the company’s freshwater rearing sites. This is a significant milestone in Mowi’s publicly stated objective to achieve 100% ASC certification for all its sites around the world. The ASC standards are a result of the Aquaculture Dialogues, initiated by WWF USA, and founded the development of verifiable environmental and social performance levels that measurably reduce or eliminate the key impacts of salmon farming. The ASC organisation works with scientists, conservation groups, NGOs, aquaculture producers, seafood processors, retail and foodservice companies and consumers to recognise and reward responsible aquaculture. Speaking about the ASC certification, Sam Clegg, Certification Manager at Mowi Scotland, said: “I’m incredibly pleased that our hard work throughout 2020 is paying off and we are now able to see the first wave of freshly certified ASC sites in Mowi Scotland. The ASC Salmon and Freshwater Trout standards are widely recognised as the most robust and far-reaching environmental and social standards for global aquaculture. ” Mowi Scotland is the only aquaculture company in the UK to achieve this certification. All audits were conducted remotely because of the coronavirus pandemic. The on-site inspections had to be done via video link which, although challenging, was nevertheless thorough as this process was supported with robust documentation supplied by Mowi. Sam commented: “We can now push ahead to a productive 2021 and 2022. We hope to increase our total of certified sites to 21 by early 2022. ” Over 10% of Mowi Scotland’s total production is now from ASC accredited sites and the company hopes that this will increase to 30% over the next 12 to 18 months. - Categories: Corporate, General, News, Press, Sustainability - Tags: deforestation, mowi, sustainability The Brazilian soy suppliers to the salmon industry, CJ Selecta, Caramuru and Imcopa/Cervejaria Petrópolis, will implement a 100 percent deforestation and conversion free soybean value chain with 2020 as their cut-off date. No soy grown on land deforested after this deadline will be traded. This bold and historic move sets a new benchmark for global sustainable supply chains and is in stark contrast to larger Brazilian soy traders, who continue to trade deforestation soy. As a result of the move, the majority of the global farmed salmon industry, including the entire European salmon sector, will source soy from Brazilian suppliers whose soybean value chains are 100 percent deforestation and conversion free. Catarina Martins, Chief Technical Officer of Mowi, said: “Together with other members of the ‘Aquaculture Dialogue on Sustainable Soy Sourcing from Brazil’ group, we applaud this bold leadership move from Caramuru, CJ Selecta and Imcopa to protect the Brazilian environment and wildlife outside of the salmon value chain. It is this commitment to our environment that will keep our industry sustainable and I hope other animal protein industries are inspired to do the same. ” This is the very first time Brazilian soy suppliers make such a commitment. The decision is hailed by global environmental organizations, international retailers, salmon farmers, feed companies, salmon processers and investors, who are deeply concerned about the increasing deforestation and conversion rates in Brazil. Maurício Voivodic, Executive Director of WWF Brazil, said: “We see this voluntary sector-wide commitment as a benchmark to inspire other global animal protein sectors, as well as other markets linked to the soy supply chain. We celebrate together this relevant private sector led process for the protection of the unique Brazilian Cerrado. ” Ida Breckan Claudi, Senior Advisor at the Rainforest Foundation Norway, added: “The Brazilian soy suppliers and the Norwegian salmon industry show true leadership and sets the new bar for sustainable supply chains. This historic commitment by their Brazilian soy suppliers will be a game changer for the sustainability standard for global supply chains. Global pork, poultry and beef producers are lagging behind, by still allowing deforestation in their supply chain. To stop being complicit in deforestation, the meat industry must follow suit and require their suppliers to become fully deforestation-free. ” This marks the first time an animal protein industry has set such a voluntary and sector wide benchmark. The participants and stakeholders involved in this initiative hope to inspire other global animal protein industries, such as beef, pork and poultry to follow suit. CJ Selecta, Caramuru and Imcopa/Cervejaria Petrópolis have set August 2020 as the cut-off-date for their deforestation and conversion free soybean supply chain. Together with the sustainability standard owner ProTerra and WWF Brazil, the soy suppliers have agreed on a robust monitoring, reporting and verification (MRV) system to implement and enforce their commitment to zero deforestation. The Brazilian suppliers have delivered certified and deforestation free soy to the European aquaculture industry for a number of years, while delivering non-guaranteed products to other markets. This new commitment extends their deforestation-free commitment to their entire soybean business, also outside the salmon value chain. This means that soy beans produced on land converted after August 2020 cannot enter the supply chain of any of these soy companies. The decision will have immediate effect for all new contracts of soy purchase. - Categories: Corporate, General, Investors, News, Press, Sustainability Mowi, The Bellona Foundation, the Norwegian Seafood Federation and several major players in the fish feed industry have joined forces to improve the climate footprint of Norwegian salmon. The initiative «Råvareløftet» seeks to accelerate the development of new raw materials for fish feed. The aim is to contribute to major cuts in greenhouse gas emissions, while generating employment and furthering the development of the aquaculture industry. The aquaculture industry plays an important role in Norway's green transition. Feed alone accounts for approximately ¾ of greenhouse gas emissions of Norwegian farmed salmon - when airfreight to distant markets is omitted. The key challenge for the fish feed industry towards 2030 will be to deliver a stable supply of sufficient volumes of nutritionally adequate raw materials, while ensuring greenhouse gas emission reductions and increased sustainability. For this reason the Bellona Foundation, the Norwegian Seafood Federation, Aker Biomarine, BioMar, Calanus, Cargill, Hordafor, Skretting and Mowi now launch the collaboration platform «Råvareløftet». “We believe that Norwegian production of new raw materials for fish feed may be the start of a new green industrial opportunity. It is therefore very exciting to be able to draw on the collective expertise of the industry in finding new and sustainable solutions,” says Joakim Hauge, Manager for The Bellona Bio-programme and project responsible for Råvareløftet. “The feed issue cannot be solved by individual actors alone, but will require coordination between industry, government, science and stakeholders in the fields of environment and sustainability,” he adds. “The Norwegian seafood industry has an important societal mission to produce sustainable and healthy food for a growing world population. We take this seriously and with Råvareløftet we are now taking an important step into an even greener future,” says Geir Ove Ystmark, CEO of the Norwegian Seafood Federation. “In Norway, 250,000 new jobs are needed by 2030 if we are to secure the welfare state. We will do our part to ensure that these jobs are created as part of the ongoing sustainability transition in the ocean industries. ” “Råvareløftet is a very exciting partnership that may provide climate benefits, business opportunities and job creation. This spring, as part of economic coronavirus measures, we allocated an additional 20 million NOK to research into the development of fish feed based on Norwegian raw material sources. However, we are also dependent the private sectors’ willingness to invest. I am therefore very pleased with the initiative industry and The Bellona Foundation are showcasing with Råvareløftet” comments Minister of Fisheries and Seafood Odd Emil Ingebrigtsen. All partners will contribute expertise, data and resources to Råvareløftet. The Bellona Foundation will assist industry in identifying new solutions and opportunities, and ensure that private sector, politics and the policy landscape are in alignment. In its strategic vision, "Sustainable Aquaculture 2030", the Bellona Foundation has pointed out the importance of establishing broad coalitions in order to develop new and more sustainable raw materials for fish feed. “We are pleased with the commitment, ambitions and knowledge the Norwegian Seafood Federation and key players in the feed industry are bringing to the table. Together, we will lay the foundations for the development of novel raw materials, lowering emissions and reducing environmental impact. With Råvareløftet we invite government and state bodies, R&D environments, industry and other societal actors to participate in an initiative that aims to create jobs and economic value, as well as cut greenhouse gas emissions in accordance with the Paris Agreement,” says Hauge of the Bellona Foundation. “With Råvareløftet we show the resolve with which the Norwegian seafood industry contributes to achieving the UN's Sustainable Development Goals. We are a future-oriented industry that works to ensure that Norway retains its position as the world’s leading and most sustainable ocean nation,” emphasizes Ystmark of the Norwegian Seafood Federation. About Råvareløftet The purpose of Råvareløftet is to accelerate the phasing in of new and sustainable raw materials for fish feed in order to enable increased production of seafood while reducing the overall climate and environmental footprint of the aquaculture industry. Råvareløftet will focus on sustainable raw materials with commercial potential, while ensuring their nutritional suitability for fish welfare and growth. Candidates for the feed sources of the future are many and include everything from algae, krill, copepods and insects to yeasts and bacteria as well as animal and vegetable by-products. Contact info: Joakim Hauge, Manager, Bellona's Bio-programmes and project responsible for Råvareløftet: 408 56 190 | joakim@bellona. no Henrik Stenwig, Director of Environment and Health, the Norwegian Seafood Federation: 918 20 072 | hst@sjomatnorge. no (Professional inquiries) Geir Ove Ystmark, CEO of the Norwegian Seafood Federation: 481 27 155 |goy@sjomatnorge. no About the Bellona Foundation The Bellona Foundation is an independent non-profit foundation that works to solve the world's climate challenges, among other things by identifying and implementing sustainable climate solutions. The foundations mandate is to work towards improved ecological understanding and the protection of nature, environment and health, and it shall act to promote this purpose. Bellona collaborates with businesses, academia and other public and private institutions on initiatives that promote the public good and significant, positive impacts on climate and the environment. The Bellona Environmental Foundation was established in 1986, and today has 61 employees and offices in Oslo, Brussels, Murmansk, St. Petersburg and London. About the Norwegian Seafood Federation The Norwegian Seafood Federation represents the interests of approximately 680 member companies with more than 14 800 employees. Our member companies cover the entire value chain from fjord to dinner table in the fisheries and aquaculture sectors in Norway. The Norwegian Seafood Federation is affiliated with the Confederation of Norwegian Enterprise (NHO). NHO is the main representative body for Norwegian employers with a current membership of over 28. 000 companies ranging from small family-owned businesses to multinational companies. - Categories: Corporate, General, News, Press, Sustainability Today sees the publication of Ocean Panel's new Ocean Action Agenda which will identify how countries around the world can accelerate, scale and finance ocean action. Launched in 2018, the High Level Panel for Sustainable Ocean Economy (Ocean Panel), is a unique initiative of 14 serving world leaders building momentum towards a sustainable ocean economy, where effective protection, sustainable production and equitable prosperity go hand-in-hand. By enhancing humanity’s relationship with the ocean, bridging ocean health and wealth, working with diverse stakeholders and harnessing the latest knowledge, the Ocean Panel aims to facilitate a better more resilient future for people and planet. We welcome the Ocean Action Agenda at Mowi and our Chief Sustainability and Technology Officer, Catarina Martins, has contributed to its development by discussing our own goals and how we are committed to realising our vision for a Blue Revolution. Mowi is part of the Advisory Network of the Ocean Panel which comprises more than 125 private sector, non-governmental organisations and intergovernmental organisations across 35 countries. Speaking about the Ocean Action Agenda, CEO Ivan Vindheim said: “Our vision as a business is to unlock the potential of the ocean as a source of healthy and sustainable food. Sustainable aquaculture is a sustainable ocean economy which needs to grow as part of the solution to climate change. We are 100% committed to making our vision a reality! ” Ocean Panel is clear that the ocean can provide more abundant and diverse food than it currently does, thereby playing a bigger role in the global food system. To find out more about the Ocean Action Agenda, read here. - Categories: Corporate, General, News, Press Mowi has announced that it will join The Norwegian Seafood Federation, Sjømat Norge. “I believe this will strengthen both Mowi and the industry as a whole. We have had good discussions with Sjømat Norge regarding the way forward for our industry, and I am confident that this is the right decision for Mowi,” says Mowi CEO, Ivan Vindheim. Geir Ove Ystmark, CEO of Sjømat Norge, is pleased that Mowi is now a member of the association. “It strengthens Sjømat Norge tremendously that the largest company within the sector now joins us. In recent years, we have collaborated well with Mowi and Norsk Industri, and it is a pleasure to welcome Mowi as a member,” says Ystmark. For the past four years, Mowi has been a member of Norsk Industri. Ivan Vindheim praises the organisation and highlights Norsk Industri’s work to avoid the introduction of a new taxation of the Norwegian aquaculture industry. He is now looking forward to working with Sjømat Norge on matters such as sustainability, biosecurity and fish welfare: “The greatest challenges for the industry are issues we all have in common. We look forward to working with the other members of Sjømat Norge to address local and national issues,” says Vindheim. - Categories: Corporate, General, Investors, News, Press, Sustainability Mowi has been ranked as the world’s most sustainable protein producer for the second year in a row by the FAIRR Initiative. Coller FAIRR Protein Producer Index assesses the world’s 60 largest publicly-listed animal protein producers, worth a combined USD 338 billion. Firms are ranked against ten environmental, social and governance (ESG)-related criteria including GHG emissions, deforestation, antibiotic usage and working conditions. “The fact that Mowi is ranked as number one yet again is a testament to the vision of our leadership team and the commitment of everybody at Mowi to execute this vision. 2020 has been and continues to be a challenging year for all businesses, but this shows that Mowi has managed to remain true to its values and stated commitments to be a sustainable protein producer and lead the Blue Revolution,” said Mowi CEO, Ivan Vindheim. The primary purpose of Coller FAIRR Protein Producer Index is to enable and support investor decision-making on the protein sector. The Index is also a benchmark to help animal protein companies assess themselves against their peers in the sector and improve their management and reporting of risks. The authors of the Index were disappointed by the overall progress made by other sectors, especially meat and dairy suppliers, towards climate commitments. 86% of major meat and dairy suppliers failed to declare or set meaningful reduction targets for all greenhouse gas emissions. Catarina Martins, Chief Sustainability Officer, explained Mowi’s progress against stated climate commitments: “We have adopted a global approach to climate change, through the development of a low-carbon business model. We have developed a low carbon transition plan which includes a comprehensive evaluation of our impact on climate change, relevant climate-related risks and opportunities, as well as proposals for climate change mitigation measures. We continue to work towards these targets and be transparent about our progress. ” Coller FAIRR Protein Producer Index - Summary Report. You can read more about the index here: https://www. fairr. org/index/ Coller FAIRR Protein Producer Index, Top 10: Rank Company Legal Name Country Category 1 Mowi ASA Norway Low risk 2 Maple Leaf Foods Inc Canada Low risk 3 Bakkafrost P/F Faroe Islands Low risk 4 Marfrig Global Foods SA Brazil Medium risk 5 Tyson Foods Inc USA Medium risk 6 Grieg Seafood ASA Norway Medium risk 7 Fonterra Co-operative Group Ltd New Zealand Medium risk 8 Lerøy Seafood Group ASA Norway Medium risk 9 JBS S. A. Brazil Medium risk 10 BRF SA Brazil Medium risk For further information or interviews, please contact: Ola Helge Hjetland, Group Communications Director ola. helge. hjetland@mowi. com +47 970 67 932 - Categories: Corporate, General, Investors, News, Press Mowi achieved an operational EBIT of EUR 80 million in the third quarter of 2020, compared with EUR 148 million in the corresponding quarter of 2019. Mowi’s results in the third quarter were largely impacted by Covid-19 restrictions and seasonal high volumes. “Our operations have been running close to normal despite further Covid-19 restrictions in the quarter. However, the pandemic still impacts out of home consumption to a large degree, and although retail sales are strong, our earnings are impacted by falling prices as a result of lower net demand,” says Mowi CEO, Ivan Vindheim. Mowi reported operational revenues of EUR 958 million (EUR 1 023 million) in the third quarter of 2020. Total harvest volume in the quarter of 125 773 tonnes (116 989) was approximately in line with guidance. Full-year harvest guidance for 2020 is unchanged at 442 000 tonnes. Harvest guidance for 2021 is 445 000 tonnes. “I am very pleased that both Farming, Feed and Consumer Products delivered all-time high quarterly volumes. Mowi’s integrated value chain has yet again demonstrated its strength during these unprecedented times. It is also encouraging to see that farming production cost has improved,” says Vindheim. Mowi’s farming volumes have over the past few years been subject to significant growth. However, over time the company has been lagging somewhat behind the industry’s farming volume growth trajectory. Accordingly, Mowi will put even more focus on growing farming volumes going forward. Further to this, Mowi will arrange a Capital Markets Day on 17 March 2021 where this will be addressed in detail. “Global supply growth in 2021 is expected to be 1% and would under normal circumstances be very supportive of strong salmon prices. Whilst Covid-19 has significantly impacted the salmon market and prices in the short-term, we still strongly believe in the positive long-term outlook for the industry, and for Mowi in particular,” says Vindheim. Distributing dividends to its shareholders is an essential part of Mowi’s financial strategy. At the same time the Board considers it of utmost importance to preserve cash and maintain a strong financial position, particularly in light of the ongoing Covid-19 pandemic. Hence, under the prevailing circumstances the Board has not found it appropriate to distribute a quarterly dividend for the third quarter. - Categories: Corporate, General, News, Press Mowi has appointed Fernando Villarroel (45) as Chief Operating Officer Farming Americas. Mr Villarroel is Managing Director of Mowi Chile and has held a variety of executive positions in the farming industry including being Managing Director of Cermaq Canada for 10 years. Mr Villarroel holds a degree in Auditing and Management from the Universidad Austral of Chile. “I am very pleased that Fernando has accepted this challenge. He is a very experienced farmer with 20 years’ experience from various key positions in the salmon industry. Fernando and his team have delivered stellar biological figures in Mowi Chile after he took the reins in 2017”, says Ivan Vindheim, CEO of Mowi. Mr Villaroel will still hold the position as Managing Director of Mowi Chile. Further to this appointment Mowi Faroes will be organised under COO Farming Scotland and Ireland. The changes will be effective from 26 October 2020, and the Group Management Team will consists of: CEO: Ivan Vindheim CFO: Kristian Ellingsen COO Farming Norway: Øyvind Oaland COO Farming Scotland, Ireland and the Faroes: Ben Hadfield COO Farming Americas: Fernando Villarroel COO Sales & Marketing: Ola Brattvoll COO Feed: Atle Kvist Chief Technology Officer and Chief Sustainability Officer: Catarina Martins Chief HR Officer: Anne Lorgen Riise - Categories: Corporate, General, Investors, News, Press Mowi achieved an operational EBIT of EUR 99 million in the second quarter of 2020, compared with EUR 211 million in the corresponding quarter of 2019. Mowi’s results in the second quarter were substantially impacted by Covid-19 and the extensive lockdown measures. Prices for salmon declined in all markets during the quarter resulting in reduced profits. “Despite current market and logistical disruptions caused by Covid-19, Mowi’s operations have been running close to normal so far. We have implemented a wide range of protective measures to limit the spread of the virus in our operations. The safety and well-being of our employees is always top priority and we will do whatever we can to keep operations running without compromising health and safety,” says Mowi CEO, Ivan Vindheim. Mowi Consumer Products benefitted from a shift in demand from foodservice to retail due to the global lockdown measures, and delivered all-time high sold volumes and results for a second quarter. “This is an impressive result under the prevailing circumstances and demonstrates yet again the importance of Mowi’s downstream strategy,” says Vindheim. Mowi reported operational revenues of EUR 911 million (EUR 1 021 million) in the second quarter of 2020. Total harvest volume in the quarter of 104 303 tonnes (98 483) was approximately in line with guidance. Full year harvest guidance for 2020 is reduced by 8 000 tonnes to 442 000 tonnes due to biological issues in Scotland. Productivity programme Mowi introduced a cost saving programme in 2018 and the company has cut cost by EUR 118 million to date. However, Mowi continues to experience cost pressure in its farming operations from more challenging biology, stricter regulations and a general cost increase from input factors. This also impacts the rest of the value chain. After feed, labour is the most important cost item in Mowi. The Board has therefore decided to include a productivity programme in the cost saving programme, targeting a 10% reduction in headcount for Mowi as-is by 2024. “Addressing cost will continue to be of utmost importance in the future. This will be realized through automation, digitalisation, improvement of production processes and rightsizing of the organisation. Mowi's strategy is still to grow the company and the aim is to continue to be a net job creator,” says Vindheim. Distributing dividends to its shareholders is an essential part of Mowi’s financial strategy. At the same time the Board considers it is key to maintain a strong financial position, particularly in light of the ongoing Covid-19 pandemic. Hence, under the prevailing circumstances the Board has not found it appropriate to distribute a quarterly dividend for the first and second quarter. The report and the presentation is available here. - Categories: Corporate, General, News, Press, Sustainability Mowi is delighted to announce that, from 2021, all suppliers of soy to Mowi’s own feed production will have a supply chain that is 100% deforestation free. Mowi’s suppliers have committed to trade only deforestation-free soybeans, including soy grown on legally deforested land. The move makes Mowi the first company world-wide that will use only clean, deforestation-free suppliers of Brazilian soy. Speaking about this significant milestone in Mowi’s sustainability strategy, Catarina Martins, Chief Sustainability Officer at Mowi, said: “This is a game-changer for the soy and feed industry supplying aquaculture. For many years now, Mowi has only sourced soy from non-deforested areas certified under ProTerra, the Roundtable for Responsible Soy or equivalent. Now, after working closely with our suppliers, they have all committed to only obtain deforestation-free soy from 2021. This commitment entails that Mowi’s suppliers will not trade soy that is grown on land deforested from Q3 2021, including soy grown on legally deforested land. ” “With the current situation in Brazil, where the protection of the Amazon and the Cerrado is being deliberately dismantled, we must make sure that we do not trade with soy suppliers that contribute to this unacceptable development. With this announcement, we ensure that our suppliers as well as our supply chains are clean,” says Martins. “As the only fully integrated seafood company in the world, we recognise the importance of controlling the value chain. It is therefore extremely important to us that our suppliers have a clean value chain and do not source any crops from deforested areas, even for products that are supplied to other companies,” says Martins. The new commitment will reduce pressure on the forests of Brazil and secure a more sustainable production of important feed ingredients. By promoting deforestation-free suppliers, Mowi also pioneers a shift away from companies that still trade with products grown on recently deforested lands. Mowi’s three main suppliers of non-GM ProTerra certified soy protein concentrate are Caramuru, Imcopa and CJ Selecta. For more information on feed production and Mowi’s sustainability strategy, please visit mowi. com/sustainability. - Categories: Corporate, General, Investors, News, Press Mowi achieved an operational EBIT of EUR 109 million in the first quarter of 2020, compared with EUR 196 million in the corresponding quarter of 2019. Mowi’s results in the first quarter were impacted by falling prices as Covid-19 escalated into a world-spanning pandemic with extensive lockdown measures in most countries. “Despite Covid-19 currently causing substantial market and logistical disruptions, our operations are running close to normal. At the same time we are maintaining the safety and well-being of our employees. We will do whatever we can to keep operations running without compromising health and safety. I am extremely proud of all Mowi’s employees for making this possible,” says Mowi CEO, Ivan Vindheim. Mowi reported operational revenues of EUR 885 million (EUR 979 million) in the first quarter of 2020. Total harvest volume in the quarter of 83 119 tonnes (104 118) was approximately in line with guidance. Harvest guidance for 2020 is unchanged at 450 000 tonnes. The Covid-19 situation significantly impacted trade flows, logistics and distribution during the quarter. The foodservice segment was particularly affected by measures imposed to contain the spread of the virus. Reduced consumption within foodservice, however, was partially offset by increased sales through the retail channel. Despite a challenging quarter, both Mowi Consumer Products and Mowi Feed delivered all-time high volumes for a first quarter. “Our integrated value chain has demonstrated resilience in these challenging times, and we have continued to produce value-added products at our many factories. We have been able to capitalise on long-term relationships with retailers globally, and have sold an increased share of production through retail,” says Vindheim. “We have started to see easing of lockdown measures in some countries and signs of increased demand as a result. I strongly believe the demand for salmon will recover to pre Covid-19 levels as the foodservice segment gradually reopens as a result of this,” says Vindheim. As stated in the trading update of April 20, the Board of Mowi has decided to postpone the decision on the first quarter dividend until the second quarter in light of heightened uncertainty due to the Covid-19 pandemic. The Q1 report and presentation is available at our reports page. - Categories: Corporate, General, Investors, News, Press, Sustainability This integrated report sets out how we run our business, describes our vision and ambition, our successes and our improvement areas in an open and transparent way. At the end of the day, all of us working at Mowi have a clear and simple goal; we wish to produce affordable, high quality products in a sustainable way, and this report tells the story of how we work to accomplish that target. 2019 was another good year for Mowi with record high volumes in all business areas. We also made new important transformative steps in Feed, Farming and Sales & Marketing fortifying Mowi’s position as the world-leading seafood company. Mowi’s success in 2019 was made possible by the hard work and competence of our nearly 15,000 employees. At Mowi we believe that the talent and commitment of our employees, supported by new technology and all the positive mega trends, are essential to our business case and will continue to be key to our future success. After the successful brand launch in Poland we are ready for the big markets in France and the USA. The timing is right. We are ready to capitalise on our unique value chain and our outstanding product. With the transformation of the business to a global corporate brand we will be better positioned to improve our margins from our unique value chain. Our ambition is to produce more food from the ocean in a sustainable manner, and to see products such as MOWI on the plates of an increasing number of consumers. Technology projects such as the collaboration with X, Alphabet’s innovation engine, to track and model fish behaviours, environmental conditions, and fish health using new camera technology and machine learning will be important tools going forward enabling a sustainable growth of sea farming. At the time of the release of the annual report, the world is facing a severe global Coronavirus pandemic. At this time we cannot know how this will play out, however Mowi’s mission to provide sustainable and healthy food to the population is more important now than ever. We are confident that the world will recover from the crisis, meanwhile we must all contribute in whatever way we can to keep Mowi’s operations running while keeping our employees safe. This annual report and other reports are available in our reports section. Ivan Vindheim CEO, Mowi - Categories: Corporate, General, Investors, News, Press, Sustainability Mowi works with Tidal, X’s ocean health and sustainability team, to test and research new technologies. Over the last three years, Mowi has been researching and testing a new sensing system developed by Tidal at Alphabet’s X. After an extensive research and development period involving field testing and data collection, the project is now ready for commercial validation and Mowi will roll out the technology to multiple sites across Norway. Tidal has been developing an advanced underwater sensing and software analysis platform that gathers intelligence on real-time growth, weight distribution, feeding control, and automatic lice counting for salmon. Using a combination of new camera technology as well as machine learning and machine perception, Tidal’s system is able to track and model fish behaviours, environmental conditions, and the health of salmon over time. “Mowi’s vision is to be leading the Blue Revolution. As the biggest salmon farmer in the world we have a special responsibility to engage in the development of technology to improve our competitive advantage and to optimise our farming of healthy and sustainable food from the ocean. Thus, it is very encouraging to work with Tidal to further develop ocean farming technology,” said Mowi CEO, Ivan Vindheim. Tidal’s technology brings multiple capabilities into a single hardware and software platform and provides farmers with real-time information, so that they can confidently manage their daily operations. By employing artificial intelligence to analyse big data, Mowi hopes to understand and respond to long-term trends in fish behaviour and thereby further optimise ocean farming. “With a combined vision to fully realise the potential of our seas for sustainable food production, our Research and Development department collaborated with the Tidal team as they developed their underwater sensing and analysis platform. This is the start of a journey towards finding new and innovative uses of technology throughout our value chain in the years to come,” said Mowi CTO, Øyvind Oaland. Neil Davé, Tidal at Alphabet's X “Tidal’s mission is to protect the ocean and preserve its ability to support life and help feed humanity, sustainably. Our initial area of focus is on developing technologies that bring greater visibility and understanding of what’s happening under the water. We are delighted to be working with Mowi to provide tools that we hope can help Mowi make their operations more sustainable,” said Tidal’s General Manager, Neil Davé. You can read more about Tidal and the project on X's website. For further information and photos, please contact: Øyvind Oaland, CTO, +47 957 00 152 Ola Helge Hjetland, Group Communications Director, +47 970 67 932 - Categories: Corporate, General, Investors, News, Press Mowi achieved an operational EBIT of EUR 166 million in the fourth quarter of 2019, compared with EUR 213 million in the corresponding quarter of 2018. For the full year, Mowi reported a record high turnover of EUR 4 135 million and an operational EBIT of EUR 721 million. Mowi harvested record high 436 000 tonnes in 2019 and 116 000 tonnes in the fourth quarter, compared with 106 000 tonnes in the corresponding quarter and 375 000 tonnes for the full year of 2018. “2019 was another good year financially for Mowi. Record high full-year volumes in all business areas, good salmon prices and relatively stable costs resulted in strong earnings and dividend distributions. I am very proud of the way my 15 000 colleagues have contributed to the great results,” says CEO Ivan Vindheim The Board of Directors has resolved to pay a quarterly dividend of NOK 2. 60 per share, supported by good results, a strong market outlook, and a solid financial position. Mowi reported operational revenues of EUR 1 112 million (EUR 1 074 million) in the fourth quarter of 2019. Harvest guidance for 2020 is maintained at 450 000 tonnes. Salmon of Norwegian origin achieved an operational EBIT per kilo of EUR 2. 12 (2. 44) in the fourth quarter, while salmon of Scottish and Canadian origin reported operational EBIT per kilo of EUR 1. 24 and EUR -0. 53 respectively (EUR 2. 32 and EUR 1. 42). Salmon of Chilean origin reported operational EBIT per kilo of EUR 0. 79 in the quarter (EUR 1. 25). Mowi Feed reported an operational EBIT of EUR 13. 8 million (EUR 5. 8 million). Mowi Consumer Products reported an operational EBIT of EUR 15. 1 million (EUR 38. 4 million). “The salmon prices increased significantly in all markets during the quarter and in January on strong demand and tighter supply. Notwithstanding the current issues with the Corona virus, the medium and long term outlook for Mowi remains strong,” says Vindheim. Mowi issued the first green bond in the industry of EUR 200 million in January 2020. The 5-year senior unsecured bond carries a coupon of EURIBOR + 1. 60% p. a. The issuance was four times oversubscribed. “It is very encouraging to see the large interest in the market to financing Mowi as a company producing healthy and sustainable products,” says Vindheim. Q4 2019 Report Q4 2019 Presentation - Categories: General, Investors, News, Press, Sustainability On 23rd January, Mowi successfully completed a EUR 200 million 5-year, senior unsecured green bond issue, marking the first ever Green Bond issued from a seafood company. We are committed to being part of the solution to global climate challenges and the green bond issue is an integral part of Mowi’s sustainability strategy, The Blue Revolution Plan. The high interest and solid investor demand from both dedicated green and regular bond investors resulted in significant oversubscription and very attractive terms for the bond. The bond will have a coupon of three months EURIBOR + 1. 60 %. Speaking about the green bonds, Catarina Martins, chief sustainability officer, said: “Mowi is committed to being part of the solution to global climate challenges. The green bond issue is an integral part of Mowi’s sustainability strategy, The Blue Revolution Plan. This will allow us to achieve our goal of producing more food from the ocean thus meeting the demands of a growing population while respecting the planet and helping local communities to flourish. The Blue Revolution Plan is built around a tasty and nutritious product; financial responsibility and transparency; and taking care of our planet and its people. ” The proceeds from the green bond issue will be used for green projects as further defined by Mowi’s green bond framework. Examples could include sustainable aquaculture, e. g. investments related to ASC sites, investments in our feed division to produce sustainable feed and investments in freshwater plants with RAS technology which require less water consumption and produce larger and higher quality smolts. Mowi has received a positive second opinion from CICERO on the green bond framework. Kristian Ellingsen, CFO, added: “At Mowi, we work with the ocean to produce sustainable and healthy seafood. Mowi was ranked number one in the Coller FAIRR Protein Producer Index for 2019, which ranks the largest global meat, dairy and fish producers by evaluating environmental and social risk factors. We are committed to the principles of the United Nation's (UN) Global Compact and pursue an integrated sustainability strategy aligned with the UN’s Sustainable Development Goals (SDGs). ” Mowi’s Green Bond Framework Mowi’s Blue Revolution Plan - Categories: Corporate, General, News, Press, Sustainability Mowi, the world’s leading aquaculture company, has released its Sustainability Strategy called ‘The Blue Revolution Plan’. With our oceans covering 70 percent of our planet’s surface yet only 2% of our calorie intake is seafood, there is great potential for the ocean to produce more sustainable food. “This plan will allow us to achieve our goal of producing more food from the ocean thus meeting the demands of a growing population while respecting the planet and helping local communities to flourish,” said Catarina Martins, chief sustainability officer at Mowi. “In committing to leading the Blue Revolution, we have set the bar high and while our sustainability targets will not be achieved overnight, they will be achieved through key innovations, partnerships and a shared vision. ” The Blue Revolution Plan is built around a tasty and nutritious product; financial responsibility and transparency; and taking care of our planet and its people. “As we enter 2020, the world is facing global challenges such as climate change and plastic pollution,” Martins adds. “The Blue Revolution Plan will help us to focus on being part of the solution to those challenges where we operate an eco-efficient value chain and raise our salmon in harmony with nature. ” Leading the Blue Revolution Plan - Categories: News, Sustainability The Amazon is fundamentally important to life on our planet. It hosts over 10% of all biodiversity and promotes climate stability through its role as a carbon sink. It also plays a vital role in regulating rainfall, which is essential for agriculture – both within Brazil and beyond. Brazil is one of the world’s major producers of soy. In 2006, a vital agreement known as the Amazon Soy Moratorium (ASM) was established to ensure that soy production in the Amazon region only occurs on existing agricultural land. Since then, soy production in the Amazon has increased 400%, showing that forest protection and agricultural expansion can be compatible. We, the undersigned global investors and companies who buy/use Brazilian soy, commend the leadership of Brazilian soy stakeholders in achieving this progress. However, deforestation in the Amazon from other causes (mostly cattle ranching) has continued to grow. Brazilian Government data recently published shows that, since 2012, it has increased from 460 thousand hectares to almost 1 million in the last year. These deeply concerning figures reinforce the importance of continuing to uphold the ASM. Yet some parties are now questioning whether it should continue. Our position is clear: we want to be able to continue to source from, or invest in, the Brazilian soy industry but if the ASM is not maintained, this will risk our business with Brazilian soy. Today, there is enough existing agricultural land to continue to increase soy production in the Amazon by an additional 600% compared to current figures. We look forward to supporting Brazilian partners to continue their leadership and show that economic development and environmental protection can go hand in hand. Signatories: 2 Sisters Food Group ACTIAM Ahold Delhaize Aegon Asset Management AIC (Agricultural Industries Confederation) ALDI SOUTH Group Alliance pour la Préservation des Forêts AP2 AP3 AP4 AP7 Aquascot Ltd. Asda Stores Ltd. Avara Foods Barber’s Belgian Feed Association (BFA) BioMar BMO Global Asset Management Bremnes Seashore AS British Retail Consortium (BRC) Candriam Carrefour Cermaq Congregation of Sisters of St. Agnes Cranswick Plc Dominican Sisters ~ Grand Rapids Duralim Dutch Food Retail Association (CBL) EdenTree Investment Management Ltd Environment Agency Pension Fund FAIRR Green Century Capital Management, Inc. Grieg Seafood ASA Hermes Investment Management Hilton Food Group Iceland Foods Ltd Iceland Seafood Barraclough Ltd Inter IKEA Group Joseph Rowntree Charitable Trust JLens Investor Network J Sainsbury Plc Kerry Group KLP Lantmännen ek för Legal & General Investment Management Lerøy Seafood Group ASA Lidl GB Lyons Seafoods Mars Inc Marks and Spencer METRO AG Mowi ASA Moy Park Multiexport Foods National Pig Association (UK) Nordlaks Oppdrett AS NorgesGruppen ASA NN Investment Partners Nor-Feed SAS Norvida AB Nova Sea AS Öhman Pax World Funds Picard Surgelés Princes Ltd REWE Group Robeco Scottish Sea Farms Skandia Seventh Generation Interfaith Inc Storebrand Asset Management Strathclyde Pension Fund Swedbank Robur Fonder AB Tesco Stores Plc The Co-operative Group The Polden Puckham Charitable Foundation Trusteam Finance Tulip Ltd Valorex Waitrose & Partners Winterbotham Darby & Co Ltd. Wm Morrison Supermarkets Plc Yeo Valley Zevin Asset Management Explanatory Notes Prior to the ASM, between 2001 and 2006, soy production in the Brazilian Amazon expanded by 1 million hectares, contributing to record deforestation rates. Since its implementation, deforestation from soy in the Amazon decreased from 30% to less than 1. 5%, while at the same time, production of soy in the Amazon increased by 400% compared to 2006 (through using existing agricultural land). The Brazilian Forest Code (FC), which was introduced in 2012 is a leading example of regulation that aims to balance forest protection with economic development. However, according to recent Brazilian Government data published 18th November, since 2012, deforestation in the Amazon (mostly illegal and largely for cattle ranching) increased by 114%, from 460 thousand hectares to almost 1 million hectares. Given global demand for soy the forecasted (4% annual growth, mainly because it is a key ingredient in animal feed), the ASM is clearly necessary to complement the FC by supporting soy expansion only on existing agricultural land. While soy produced in the Amazon is only around 10% of Brazil’s total soy production, the ASM provides reputational benefits for the whole Brazilian soy sector and its $32 billion annual trade. Other benefits of the ASM to both Brazil and the global market include: the provision of an efficient solution to ensuring legal FC compliance of soy from the Amazon; the attraction of investment into the Brazilian soy sector; and protection of the water cycle on which all of Brazil’s agricultural sector depends. Without the ASM, all these benefits are at risk. - Categories: Investors, News The Mowi Group constantly wants to have the most appropriate and efficient company structure for the companies in the Group, both organizationally as well as operationally. The corporate structure in Mowi is today characterized by the result of several acquisitions and inherited corporate structures, and the Group is in continuous process to simplify the company structure and reduce unnecessary costs and internal transactions. As part of this process, the company wants to merge Mowi ASA and K Strømmen Lakseoppdrett AS to achieve a more optimized corporate structure. The employees will, when the merger is implemented, continue their employment contracts unchanged in the parent company. There will be made no changes in salaries or other terms for the employees. Following the merger, K Strømmen Lakseoppdrett AS will be dissolved and its assets, rights and liabilities be transferred to Mowi ASA. See the merger plan with attachments for more details and information: Merger plan Appendix 1: Annual account, annual report and auditor's report for the last three financial years of the Acquiring Company Mowi ASA Annual Reports Appendix 2: Annual account, annual report and auditor's report for the last three financial years of the Transferor Company Årsregnskap K Strømmen Lakseoppdrett AS 2016 Årsregnskap K Strømmen Lakseoppdrett AS 2017 Årsregnskap K Strømmen Lakseoppdrett AS 2018 Appendix 3: Half-yearly financial report pursuant to section 5-6 of the Securities Trading Act with the balance sheet date 30. 06. 2019 for the parent company Mowi ASA Financial Report Q2 2019 Mowi ASA Financial Report Q3 2019 Appendix 4: Articles of association for the parent company and the subsidiary Mowi ASA Articles of Association K Strømmen Lakseoppdrett AS - Articles of Association The merger plan has been registered and announced at the Brønnøysund Register Center. - Categories: Corporate, General, Investors, News, Press Ivan Vindheim (48) has been appointed the new CEO of Mowi ASA. Vindheim succeeds Alf-Helge Aarskog (52) who has decided to step down after almost 10 years as CEO. The appointment is effective as of 12 November 2019. “I am delighted that Ivan has taken on this challenge. We have had a thorough recruitment process where the Board has been looking for the best candidate to lead Mowi going forward. Ivan has a strong commercial track-record and has the best qualifications for delivering on our corporate strategy. He also represents continuity,” Chairman of the Board Ole-Eirik Lerøy says. Vindheim has been Mowi’s CFO since 2012. He has extensive experience from the seafood industry and has held various executive positions including being the CFO of Lerøy Seafood. Vindheim holds an MSc in Business and an MBA from the Norwegian School of Economics, and he is also a State Authorized Public Accountant and Certified European Financial Analyst. “I am honored to be given the opportunity to lead Mowi together with more than 14,500 highly competent colleagues. It is with humbleness I take on this task. Mowi is the leading global aquaculture company and we have many opportunities ahead of us. The Board’s strategy for Mowi of being a leading integrated seafood provider remains unchanged, and together with the rest of the organization I look forward to continuing to make Mowi a stronger company and execute on our strategy. Alf-Helge has been a great leader and colleague over the years and I would also like to take the opportunity to thank him for making such a valuable contribution,” says Ivan Vindheim. Alf-Helge Aarskog has been CEO of Mowi since 19 July 2010 and has been instrumental in positioning Mowi as the world’s leading seafood company. Some of the key achievements during his leadership have been the creation of Mowi’s own fish feed operations, significant growth in value-added processing, substantial farming volume growth and most recently the launch of the company’s branding strategy. During this period, Mowi has delivered stellar shareholder returns. “I am very pleased that Ivan takes over the helm and I would like to congratulate the Board on making an excellent hire. The recruitment of an internal candidate also ensures continuity and should reassure everyone associated with the company that the business is in the most capable hands. I would like to thank all of my colleagues over the years for your passion and inspiration, and I wish you the best of luck in continuing to “Lead the Blue Revolution”,” says Aarskog. “Alf-Helge has transformed Mowi to a leading product-driven seafood company, with industry leading positions in Genetics, Feed, Farming, Sales and Consumer Products. The strategic choices made over the years have turned Mowi into a strong company with a focus on developing the salmon category. Aarskog is a true salmon farmer, and he has spread enthusiasm and passion for salmon throughout our global organisation,” Lerøy says. Kristian Ellingsen, Group Accounting Director, has been appointed new CFO of Mowi. Ellingsen (39) has been in his current role at Mowi for 4 years. Prior to joining Mowi he was a Director in PwC, where he worked for almost 10 years. Ellingsen holds a Master's degree from the Norwegian School of Economics and a Bachelor's degree in informatics from the University of Bergen. He is also a State Authorized Public Accountant. “I am very pleased with Kristian taking over as the CFO of Mowi. Kristian is very talented and has deep knowledge of the company and the organization. This secures momentum from day one as well as continuity,” says Vindheim. - Categories: Corporate, General, Investors, News, Press Mowi achieved a record high Q3 turnover and all-time high volumes in the third quarter of 2019. The company’s operational EBIT was EUR 148 million, compared to EUR 207 million in the corresponding quarter of 2018. “In the quarter we achieved the highest volumes ever both in farming, sales and feed produced. This resulted in the highest turnover we have ever had in a third quarter. We are aiming at further growth next year with a harvest volume forecast of 450 000 tonnes, up from this year’s 430 000 tonnes,” says Mowi CEO, Alf-Helge Aarskog. Due to lower prices and higher farming costs driven by biological issues, the results are lower in the quarter than they were in the same quarter last year. “The third quarter has been more challenging than normal for our farming organization. I would therefore like to recognize the hard work from all of my colleagues,” says Aarskog. Mowi reported operational revenues of EUR 1 023 million (EUR 990 million) in the third quarter of 2019. Total harvest volume was 116 989 tonnes (109 896) in the quarter. Salmon of Norwegian origin achieved an operational EBIT per kilo of EUR 1. 64 (2. 25) in the third quarter, while salmon of Scottish and Canadian origin reported operational EBIT per kilo of EUR 1. 34 and EUR -0. 01 respectively (EUR 1. 36 and EUR 1. 05). Salmon of Chilean origin reported operational EBIT per kilo of EUR 1. 32 in the quarter (EUR 1. 28). Mowi Feed reported an operational EBIT of EUR 7. 9 million (EUR 7. 3 million). Mowi Consumer Products reported an operational EBIT of EUR 12. 8 million (EUR 16. 3 million). Mowi’s Board of Directors has resolved to pay a quarterly dividend of NOK 2. 60 per share, supported by the results, a strong market outlook, and a solid financial position. All numbers are available in our reports section. - Categories: Corporate, General, Investors, News The Mowi Group constantly wants to have the most appropriate and efficient company structure for the companies in the Group, both organizationally as well as operationally. The corporate structure in Mowi is today characterized by the result of several acquisitions and inherited corporate structures, and the Group is in continuous process to simplify the company structure and reduce unnecessary costs and internal transactions. As part of this process, the company wants to merge Mowi ASA and Mowi Norway AS to achieve a more optimized corporate structure. The employees will, when the merger is implemented, continue their employment contracts unchanged in the parent company. There will be made no changes in salaries or other terms for the employees. Following the merger, Mowi Norway AS will be dissolved and its assets, rights and liabilities be transferred to Mowi ASA. See the merger plan with attachments for more details and information: Merger Plan Appendix 1: Annual account, annual report and auditor's report for the last three financial years of the Acquiring Company Mowi ASA Annual Reports Appendix 2: Annual account, annual report and auditor's report for the last three financial years of the Transferor Company Mowi Norway AS - Styrets beretning 2016 Mowi Norway AS - Årsregnskap 2016 Mowi Norway AS - Revisjonsberetning 2016 Mowi Norway AS - Årsregnskap 2017 Mowi Norway AS - Revisjonsberetning 2017 Mowi Norway AS - Styrets beretning 2017 Mowi Norway AS - Årsregnskap 2018 Appendix 3: Half-yearly financial report pursuant to section 5-6 of the Securities Trading Act with the balance sheet date 30. 06. 2019 for the parent company Mowi ASA Financial Report Q2 2019 Appendix 4: Articles of association for the parent company and the subsidiary Mowi ASA Articles of Association Mowi Norway AS Articles of Association The merger plan has been registered and announced at the Brønnøysund Register Center. - Categories: General, Investors, News, Press, Sustainability Mowi is on top of the Coller FAIRR Protein Index, which ranks the world’s largest listed protein producers on sustainability. The Coller FAIRR Index ranks the largest global meat, dairy and fish producers by looking at risk factors from use of antibiotics to deforestation and labour abuses. The Index is the world’s only benchmark dedicated to profiling animal protein producers and showcasing critical gaps and areas of best practice in the sector. Mowi is ranked as overall best performer, and there are three salmon producers in top five. “This is a great recognition of the work we at Mowi do on sustainability and animal welfare. I am extremely proud the work my colleagues do everyday to reduce our footprint and continue improving the way we operate,” says Mowi’s Chief Sustainability Officer, Catarina Martins. The primary purpose of the Index is to enable and support investor decision-making on the protein sector. “We hope investors will integrate the data and analysis on the performance of these global listed assets into their stewardship and investment decisions. The Index is also a benchmark to help animal protein companies assess themselves against their peers in the sector and improve their management and reporting of risks,” the report says. Other salmon producers are also ranked high, with six companies included in the top ten. Catarina continues: “This shows the power of salmon farming. Aquaculture and salmon farming makes both a responsible investment case and is highly necessary to reduce the climate gas emissions going forward. We simply must produce and eat more seafood. ” - Categories: News, Press, Sustainability “The treatment of the Amazon is unacceptable. Mowi will have to consider finding other sources for feed raw materials unless the situation improves,” says Mowi’s Chief Sustainability Officer, Catarina Martins. “Mowi source from certified suppliers, and can guarantee that our suppliers are not linked to deforestation or human rights violations today. However, it is important that we and everyone else who buys goods from Brazil clearly state that the rainforest must be preserved and that the current situation is unacceptable,” she adds. Sourcing sustainable feed ingredients is crucial if Mowi are to remain a front-runner with regard to environmental responsibility. Our policy for sustainable feed ingredients applies to all feed purchased externally, as well as the feed we produce ourselves. Mowi's feed plant in Bjugn, Norway, is Global GAP certified, and produced 348 402 tonnes of feed in 2018. Mowi Feed supplied salmon feed to all our seawater farms in Norway, except our northernmost farms in 2018. Mowi support global efforts to increase the purchase of sustainable vegetable raw materials. Our external feed supply contracts stipulate that Mowi only accepts raw soy materials that are compliant to soy certifications, such as ProTerra and equivalent schemes. The soy used in our own feed production is non-GM (not genetically modified), and is 100% sourced from ProTerra certification or RTRS members. Mowi’s sustainability policies are available here. - Categories: General, News, Press, Sustainability Campbell River, B. C. - Mowi Canada West has made another step towards its goal of achieving Aquaculture Stewardship Council (ASC) certification at all its salmon farms in British Columbia. Mowi’s Lees Bay farm has become the 24th Mowi salmon farm in B. C. to achieve certification to the ASC Salmon Standard, the 7th in the Campbell River production area. All Mowi salmon farms in the Campbell River area are now certified to the independent third-party certification. To achieve certification under the ASC Salmon Standard, farms are audited against 500 separate aspects of the site’s performance. It is considered to be the gold standard in environmental and social certification and was developed through a dialogue process involving Environmental NGOs and researchers. “I am proud of the work of our staff, their commitment to the health and quality of the fish they are raising, and their commitment to the local community,” said Mowi Canada West Managing Director Dr. Diane Morrison. “Our team in B. C. continues to innovate and improve practices. Achieving 100% certification in the Campbell River production area is validation that our farms are being operated to the world’s highest standards. ” Mowi Canda West ASC Certification Quick Facts: In 2015, Mowi Canada West (then known as Marine Harvest Canada) became the first in North America to certify a salmon farm (Marsh Bay) to the ASC standard. Earlier in 2019, Mowi Canada West achieved a global first when it successfully carried out a multi-site certification, carrying out the audit process across three sites simultaneously. Mowi Canada West has certified more farms to the ASC salmon standard than any company in North America. The certification of Lees Bay is the 24th Mowi farm to be certified in B. C. 80% of Mowi Canada West production is now ASC certified. In 2012 Mowi set itself the goal of achieving Aquaculture Stewardship Council Certification at all its farms; this latest achievement is a significant milestone towards this goal. The Monday Rock farm in the Quatsino production area was one of the first farms in North America to achieve certification. The farm recently retained its certification for the fourth year in a row, demonstrating the commitment made to ensure farms meet the requirements of the ASC process. ## Recipes ## Commitments - Types: Being part of the solution to global challenges, Planet - Goals: Life below water, Partnerships for the goals, Responsible consumption and production About One of the world’s most pressing challenges Climate risks are material to our business Climate is also an opportunity (dietary shifts! ) Mowi is committed to transition to a low-carbon economy Our strategy Leverage seafood as a climate-friendly dietary option Transition to a low-carbon economy Reduce our carbon emissions on scopes 1, 2 and 3 Set science-based targets to reduce our total GHG emissions Make our supply chain more climate-friendly both up- and downstream: Use the best available climate-friendly feed raw materials Reduce diesel usage at farming sites Increasing the share of renewable energy used during farming and processing Optimizing our downstream transportation Targets Achieve science-based targets: Reduce our total (Scope 1,2 and 3) GHG emissions by 35% until 2030 and 72% until 2050 KPIs Total GHG emissions (scope 1,2 and 3) Diesel use % of electricity from renewable sources Learn more Annual Report Mowi’s Policy on Climate Change - Types: In harmony with nature, Planet - Goals: Life below water, Partnerships for the goals, Responsible consumption and production About One of the world’s most pressing challenges Climate risks are material to our business Climate is also an opportunity (dietary shifts! ) Mowi is committed to transition to a low-carbon economy Our strategy Leverage seafood as a climate-friendly dietary option Transition to a low-carbon economy Reduce our carbon emissions on scopes 1, 2 and 3 Set science-based targets to reduce our total GHG emissions Make our supply chain more climate-friendly both up- and downstream: Use the best available climate-friendly feed raw materials Reduce diesel usage at farming sites Increasing the share of renewable energy used during farming and processing Optimizing our downstream transportation Targets Achieve science-based targets: Reduce our total (Scope 1,2 and 3) GHG emissions by 35% until 2030 and 72% until 2050 KPIs Total GHG emissions (scope 1,2 and 3) Diesel use % of electricity from renewable sources Learn more Annual Report Mowi’s Policy on Climate Change - Types: In harmony with nature, Planet - Goals: Life below water, Responsible consumption and production About One of the world’s most pressing challenges Climate risks are material to our business Climate is also an opportunity (dietary shifts! ) Mowi is committed to transition to a low-carbon economy Our strategy Leverage seafood as a climate-friendly dietary option Transition to a low-carbon economy Reduce our carbon emissions on scopes 1, 2 and 3 Set science-based targets to reduce our total GHG emissions Make our supply chain more climate-friendly both up- and downstream: Use the best available climate-friendly feed raw materials Reduce diesel usage at farming sites Increasing the share of renewable energy used during farming and processing Optimizing our downstream transportation Targets Achieve science-based targets: Reduce our total (Scope 1,2 and 3) GHG emissions by 35% until 2030 and 72% until 2050 KPIs Total GHG emissions (scope 1,2 and 3) Diesel use % of electricity from renewable sources Learn more Annual Report Mowi’s Policy on Climate Change ## Knowledge - Groups: Sustainability Lorem ipsum dolor sit amet Lorem ipsum dolor sit amet, consectetur adipiscing elit. Integer vehicula non felis fermentum iaculis. Nunc facilisis vel elit sit amet dapibus. Nulla rutrum ipsum tempus tellus interdum mattis. Praesent arcu libero, rhoncus vel ultrices et, dapibus ac quam. Cras tristique ut arcu vitae consequat. Fusce quis lacus volutpat, malesuada erat sit amet, sagittis risus. Aliquam sagittis diam nec elit mattis, sed ultricies risus lobortis. Sed in elit vitae odio vehicula maximus in eu nulla. Fusce id risus eget mi iaculis commodo ac non massa. Nunc in tincidunt tellus. Nullam ut leo eu nunc dictum venenatis ac vitae odio. Ut vel tellus tortor. Nam tempor nunc et erat aliquet hendrerit. Lorem ipsum dolor sit amet Lorem ipsum dolor sit amet, consectetur adipiscing elit. Integer vehicula non felis fermentum iaculis. Nunc facilisis vel elit sit amet dapibus. Nulla rutrum ipsum tempus tellus interdum mattis. Praesent arcu libero, rhoncus vel ultrices et, dapibus ac quam. Cras tristique ut arcu vitae consequat. Fusce quis lacus volutpat, malesuada erat sit amet, sagittis risus. Aliquam sagittis diam nec elit mattis, sed ultricies risus lobortis. Sed in elit vitae odio vehicula maximus in eu nulla. Fusce id risus eget mi iaculis commodo ac non massa. Nunc in tincidunt tellus. Nullam ut leo eu nunc dictum venenatis ac vitae odio. Ut vel tellus tortor. Nam tempor nunc et erat aliquet hendrerit. Lorem ipsum dolor sit amet Lorem ipsum dolor sit amet, consectetur adipiscing elit. Integer vehicula non felis fermentum iaculis. Nunc facilisis vel elit sit amet dapibus. Nulla rutrum ipsum tempus tellus interdum mattis. Praesent arcu libero, rhoncus vel ultrices et, dapibus ac quam. Cras tristique ut arcu vitae consequat. Fusce quis lacus volutpat, malesuada erat sit amet, sagittis risus. Aliquam sagittis diam nec elit mattis, sed ultricies risus lobortis. Sed in elit vitae odio vehicula maximus in eu nulla. Fusce id risus eget mi iaculis commodo ac non massa. Nunc in tincidunt tellus. Nullam ut leo eu nunc dictum venenatis ac vitae odio. Ut vel tellus tortor. Nam tempor nunc et erat aliquet hendrerit. - Groups: Sustainability Lorem ipsum dolor sit amet Lorem ipsum dolor sit amet, consectetur adipiscing elit. Integer vehicula non felis fermentum iaculis. Nunc facilisis vel elit sit amet dapibus. Nulla rutrum ipsum tempus tellus interdum mattis. Praesent arcu libero, rhoncus vel ultrices et, dapibus ac quam. Cras tristique ut arcu vitae consequat. Fusce quis lacus volutpat, malesuada erat sit amet, sagittis risus. Aliquam sagittis diam nec elit mattis, sed ultricies risus lobortis. Sed in elit vitae odio vehicula maximus in eu nulla. Fusce id risus eget mi iaculis commodo ac non massa. Nunc in tincidunt tellus. Nullam ut leo eu nunc dictum venenatis ac vitae odio. Ut vel tellus tortor. Nam tempor nunc et erat aliquet hendrerit. Lorem ipsum dolor sit amet Lorem ipsum dolor sit amet, consectetur adipiscing elit. Integer vehicula non felis fermentum iaculis. Nunc facilisis vel elit sit amet dapibus. Nulla rutrum ipsum tempus tellus interdum mattis. Praesent arcu libero, rhoncus vel ultrices et, dapibus ac quam. Cras tristique ut arcu vitae consequat. Fusce quis lacus volutpat, malesuada erat sit amet, sagittis risus. Aliquam sagittis diam nec elit mattis, sed ultricies risus lobortis. Sed in elit vitae odio vehicula maximus in eu nulla. Fusce id risus eget mi iaculis commodo ac non massa. Nunc in tincidunt tellus. Nullam ut leo eu nunc dictum venenatis ac vitae odio. Ut vel tellus tortor. Nam tempor nunc et erat aliquet hendrerit. Lorem ipsum dolor sit amet Lorem ipsum dolor sit amet, consectetur adipiscing elit. Integer vehicula non felis fermentum iaculis. Nunc facilisis vel elit sit amet dapibus. Nulla rutrum ipsum tempus tellus interdum mattis. Praesent arcu libero, rhoncus vel ultrices et, dapibus ac quam. Cras tristique ut arcu vitae consequat. Fusce quis lacus volutpat, malesuada erat sit amet, sagittis risus. Aliquam sagittis diam nec elit mattis, sed ultricies risus lobortis. Sed in elit vitae odio vehicula maximus in eu nulla. Fusce id risus eget mi iaculis commodo ac non massa. Nunc in tincidunt tellus. Nullam ut leo eu nunc dictum venenatis ac vitae odio. Ut vel tellus tortor. Nam tempor nunc et erat aliquet hendrerit. - Groups: Sustainability Lorem ipsum dolor sit amet Lorem ipsum dolor sit amet, consectetur adipiscing elit. Integer vehicula non felis fermentum iaculis. Nunc facilisis vel elit sit amet dapibus. Nulla rutrum ipsum tempus tellus interdum mattis. Praesent arcu libero, rhoncus vel ultrices et, dapibus ac quam. Cras tristique ut arcu vitae consequat. Fusce quis lacus volutpat, malesuada erat sit amet, sagittis risus. Aliquam sagittis diam nec elit mattis, sed ultricies risus lobortis. Sed in elit vitae odio vehicula maximus in eu nulla. Fusce id risus eget mi iaculis commodo ac non massa. Nunc in tincidunt tellus. Nullam ut leo eu nunc dictum venenatis ac vitae odio. Ut vel tellus tortor. Nam tempor nunc et erat aliquet hendrerit. Lorem ipsum dolor sit amet Lorem ipsum dolor sit amet, consectetur adipiscing elit. Integer vehicula non felis fermentum iaculis. Nunc facilisis vel elit sit amet dapibus. Nulla rutrum ipsum tempus tellus interdum mattis. Praesent arcu libero, rhoncus vel ultrices et, dapibus ac quam. Cras tristique ut arcu vitae consequat. Fusce quis lacus volutpat, malesuada erat sit amet, sagittis risus. Aliquam sagittis diam nec elit mattis, sed ultricies risus lobortis. Sed in elit vitae odio vehicula maximus in eu nulla. Fusce id risus eget mi iaculis commodo ac non massa. Nunc in tincidunt tellus. Nullam ut leo eu nunc dictum venenatis ac vitae odio. Ut vel tellus tortor. Nam tempor nunc et erat aliquet hendrerit. Lorem ipsum dolor sit amet Lorem ipsum dolor sit amet, consectetur adipiscing elit. Integer vehicula non felis fermentum iaculis. Nunc facilisis vel elit sit amet dapibus. Nulla rutrum ipsum tempus tellus interdum mattis. Praesent arcu libero, rhoncus vel ultrices et, dapibus ac quam. Cras tristique ut arcu vitae consequat. Fusce quis lacus volutpat, malesuada erat sit amet, sagittis risus. Aliquam sagittis diam nec elit mattis, sed ultricies risus lobortis. Sed in elit vitae odio vehicula maximus in eu nulla. Fusce id risus eget mi iaculis commodo ac non massa. Nunc in tincidunt tellus. Nullam ut leo eu nunc dictum venenatis ac vitae odio. Ut vel tellus tortor. Nam tempor nunc et erat aliquet hendrerit. - Groups: Sustainability Lorem ipsum dolor sit amet Lorem ipsum dolor sit amet, consectetur adipiscing elit. Integer vehicula non felis fermentum iaculis. Nunc facilisis vel elit sit amet dapibus. Nulla rutrum ipsum tempus tellus interdum mattis. Praesent arcu libero, rhoncus vel ultrices et, dapibus ac quam. Cras tristique ut arcu vitae consequat. Fusce quis lacus volutpat, malesuada erat sit amet, sagittis risus. Aliquam sagittis diam nec elit mattis, sed ultricies risus lobortis. Sed in elit vitae odio vehicula maximus in eu nulla. Fusce id risus eget mi iaculis commodo ac non massa. Nunc in tincidunt tellus. Nullam ut leo eu nunc dictum venenatis ac vitae odio. Ut vel tellus tortor. Nam tempor nunc et erat aliquet hendrerit. Lorem ipsum dolor sit amet Lorem ipsum dolor sit amet, consectetur adipiscing elit. Integer vehicula non felis fermentum iaculis. Nunc facilisis vel elit sit amet dapibus. Nulla rutrum ipsum tempus tellus interdum mattis. Praesent arcu libero, rhoncus vel ultrices et, dapibus ac quam. Cras tristique ut arcu vitae consequat. Fusce quis lacus volutpat, malesuada erat sit amet, sagittis risus. Aliquam sagittis diam nec elit mattis, sed ultricies risus lobortis. Sed in elit vitae odio vehicula maximus in eu nulla. Fusce id risus eget mi iaculis commodo ac non massa. Nunc in tincidunt tellus. Nullam ut leo eu nunc dictum venenatis ac vitae odio. Ut vel tellus tortor. Nam tempor nunc et erat aliquet hendrerit. Lorem ipsum dolor sit amet Lorem ipsum dolor sit amet, consectetur adipiscing elit. Integer vehicula non felis fermentum iaculis. Nunc facilisis vel elit sit amet dapibus. Nulla rutrum ipsum tempus tellus interdum mattis. Praesent arcu libero, rhoncus vel ultrices et, dapibus ac quam. Cras tristique ut arcu vitae consequat. Fusce quis lacus volutpat, malesuada erat sit amet, sagittis risus. Aliquam sagittis diam nec elit mattis, sed ultricies risus lobortis. Sed in elit vitae odio vehicula maximus in eu nulla. Fusce id risus eget mi iaculis commodo ac non massa. Nunc in tincidunt tellus. Nullam ut leo eu nunc dictum venenatis ac vitae odio. Ut vel tellus tortor. Nam tempor nunc et erat aliquet hendrerit. - Groups: Sustainability Lorem ipsum dolor sit amet Lorem ipsum dolor sit amet, consectetur adipiscing elit. Integer vehicula non felis fermentum iaculis. Nunc facilisis vel elit sit amet dapibus. Nulla rutrum ipsum tempus tellus interdum mattis. Praesent arcu libero, rhoncus vel ultrices et, dapibus ac quam. Cras tristique ut arcu vitae consequat. Fusce quis lacus volutpat, malesuada erat sit amet, sagittis risus. Aliquam sagittis diam nec elit mattis, sed ultricies risus lobortis. Sed in elit vitae odio vehicula maximus in eu nulla. Fusce id risus eget mi iaculis commodo ac non massa. Nunc in tincidunt tellus. Nullam ut leo eu nunc dictum venenatis ac vitae odio. Ut vel tellus tortor. Nam tempor nunc et erat aliquet hendrerit. Lorem ipsum dolor sit amet Lorem ipsum dolor sit amet, consectetur adipiscing elit. Integer vehicula non felis fermentum iaculis. Nunc facilisis vel elit sit amet dapibus. Nulla rutrum ipsum tempus tellus interdum mattis. Praesent arcu libero, rhoncus vel ultrices et, dapibus ac quam. Cras tristique ut arcu vitae consequat. Fusce quis lacus volutpat, malesuada erat sit amet, sagittis risus. Aliquam sagittis diam nec elit mattis, sed ultricies risus lobortis. Sed in elit vitae odio vehicula maximus in eu nulla. Fusce id risus eget mi iaculis commodo ac non massa. Nunc in tincidunt tellus. Nullam ut leo eu nunc dictum venenatis ac vitae odio. Ut vel tellus tortor. Nam tempor nunc et erat aliquet hendrerit. Lorem ipsum dolor sit amet Lorem ipsum dolor sit amet, consectetur adipiscing elit. Integer vehicula non felis fermentum iaculis. Nunc facilisis vel elit sit amet dapibus. Nulla rutrum ipsum tempus tellus interdum mattis. Praesent arcu libero, rhoncus vel ultrices et, dapibus ac quam. Cras tristique ut arcu vitae consequat. Fusce quis lacus volutpat, malesuada erat sit amet, sagittis risus. Aliquam sagittis diam nec elit mattis, sed ultricies risus lobortis. Sed in elit vitae odio vehicula maximus in eu nulla. Fusce id risus eget mi iaculis commodo ac non massa. Nunc in tincidunt tellus. Nullam ut leo eu nunc dictum venenatis ac vitae odio. Ut vel tellus tortor. Nam tempor nunc et erat aliquet hendrerit.