Mowi ASA Q1 2025 Trading Update
Mowi ASA, a leading seafood company, has released its Q1 2025 trading update. The company’s harvest volumes for the quarter were 108,000 tonnes of salmon, in line with expectations.
Key Financials
- Total harvest volume: 108,000 tonnes
- Operational EBIT (Earnings Before Interest and Taxes): approximately 214 million euros
- Previous year’s Q1 EBIT: 201 million euros
Comparison to Market Expectations
The company’s operational EBIT for the quarter was lower than anticipated, coming in at around 214 million euros. This was slightly higher than the previous year’s Q1 EBIT of 201 million euros, but still below market expectations.
Stock Price Impact
The company’s stock price has been affected by this news, with some analysts expressing disappointment in the results.
Long-term Prospects
Despite this, the company’s long-term prospects remain positive, driven by its commitment to sustainable seafood production and its presence in key salmon farming regions worldwide.