High post-COVID salmon prices boost Mowi's Q1 2022 earnings
A surge in salmon prices across all of its markets helped Mowi to achieve operational earnings before interest and taxes (EBIT) of EUR 206.7 million in Q1.
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A surge in salmon prices across all of its markets helped Mowi to achieve operational earnings before interest and taxes (EBIT) of EUR 206.7 million in Q1.
Mowi ASA (OTCPK:MHGVY) Q1 2022 Earnings Conference Call May 11, 2022 02:00 ET Company Participants Ivan Vindheim - Chief Executive Officer Kristian Ellingsen - Chief Financial Officer...
The company's price achievement in Q4 was hampered by size distribution, quality downgrading in Norway, and challenging biology in Canada EastMowi, the
Higher salmon prices helped Mowi achieve record earnings in Q4, with the company almost tripling its earnings in the same period in 2020.
Salmon farming giant Mowi saw profits rocket more than five-fold during a record year for production and sales.