Mowi ASA (OSE:MOWI): Q2 2022 Trading update

Harvest volumes Q2 2022 (1)Farming Norway60.0 thousand tonnesFarming Scotland13.0 thousand tonnesFarming Chile14.5 thousand tonnesFarming Canada10.5 thousand tonnesFarming Ireland3.5 thousand tonnesFarming Faroes1.5 thousand tonnesTotal103.0 thousand tonnesIn connection with the presentation of the Q1 2022 results, Mowi ASA guided a total harvest volume of 99 thousand tonnes (GWE) for Q2 2022. Note:(1) The harvest volumes are...

Harvest volumes Q2 2022 (1)

Farming Norway	60.0 thousand tonnes
Farming Scotland	13.0 thousand tonnes
Farming Chile	14.5 thousand tonnes
Farming Canada	10.5 thousand tonnes
Farming Ireland	3.5 thousand tonnes
Farming Faroes	1.5 thousand tonnes
Total	103.0 thousand tonnes

In connection with the presentation of the Q1 2022 results, Mowi ASA guided a total harvest volume of 99 thousand tonnes (GWE) for Q2 2022.

Note:
(1) The harvest volumes are provided in gutted weight equivalents (GWE).

Additional information

Operational EBIT for the Group was approximately EUR 320 million in Q2 2022 (EUR 137 million in Q2 2021).

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

Norway	EUR	3.95
Scotland	EUR	1.60
Chile	EUR	1.05
Canada	EUR	3.00   (Canada West: EUR 3.85)
Ireland	EUR	2.80
Faroes	EUR	5.80

Operational EBIT in Consumer Products was EUR 18 million (EUR 16 million in Q2 2021) and Feed EUR 2 million in Q2 2022 (EUR 3 million in Q2 2021).   

Reported financial net interest-bearing debt (NIBD) was approximately EUR 1 240 million at the end of the quarter (excluding IFRS 16 effects).

The complete Q2 2022 report will be released on 24 August 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.