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

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

Harvest volumes Q1 2021 (1)

Farming Norway

75.0 thousand tonnes

Farming Scotland

18.5 thousand tonnes

Farming Canada

10.5 thousand tonnes

Farming Chile

19.5 thousand tonnes

Farming Ireland

1.0 thousand tonnes

Farming Faroes

1.0 thousand tonnes

Total

125.5 thousand tonnes

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

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

Additional information

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

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

Norway

EUR

1.00

Scotland

EUR

1.45

Canada

EUR

-0.35

Chile

EUR

0.40

Ireland

EUR

4.55

Faroes

EUR

0.50

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

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

The complete Q1 2021 report will be released on 19 May at 06:30 CET.

Please refer to the Annual Report for detailed descriptions and reconciliations of non-IFRS measures such as Operational EBIT and NIBD.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.