Mowi ASA (OSE:MOWI): Q1 2022 Trading update

Mowi ASA (OSE:MOWI): Q1 2022 Trading update Harvest volumes Q1 2022 (1) Farming Norway59.5 thousand tonnesFarming Scotland10.5 thousand tonnesFarming Chile16.0 thousand tonnesFarming Canada9.0 thousand tonnesFarming Ireland1.0 thousand tonnesFarming Faroes1.0 thousand tonnesTotal97.0 thousand tonnes  In connection with the presentation of the Q4 2021 results, Mowi ASA guided a total harvest volume of 98 thousand...

Mowi ASA (OSE:MOWI): Q1 2022 Trading update

Harvest volumes Q1 2022 (1)

Farming Norway	59.5 thousand tonnes
Farming Scotland	10.5 thousand tonnes
Farming Chile	16.0 thousand tonnes
Farming Canada	9.0 thousand tonnes
Farming Ireland	1.0 thousand tonnes
Farming Faroes	1.0 thousand tonnes
Total	97.0 thousand tonnes

In connection with the presentation of the Q4 2021 results, Mowi ASA guided a total harvest volume of 98 thousand tonnes (GWE) for Q1 2022.

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

Additional information

Operational EBIT for the Group was approximately EUR 207 million in Q1 2022 (EUR 109 million in Q1 2021). Blended Farming cost per kg harvested was EUR 4.77.

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

Norway	EUR	2.55
Scotland	EUR	1.00
Chile	EUR	1.25
Canada	EUR	2.55
Ireland	EUR	3.70
Faroes	EUR	1.50

Operational EBIT in Consumer Products was EUR 21 million (EUR 32 million in Q1 2021) and Feed EUR -4 million in Q1 2022 (EUR -3 million in Q1 2021).   

Reported financial net interest-bearing debt (NIBD) was approximately EUR 1 180 million at the end of the quarter (excluding IFRS 16 effects).

The complete Q1 2022 report will be released on 11 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.