Norway's Mowi Q3 harvest volumes and EBIT hit record highs

Overview

• Norway salmon producer's Q3 harvest volumes hit all-time high, rising to 186 thousand tonnes

• Operational EBIT for Q3 2026 was seasonally record-high, rising to EUR 275 mln

• Blended farming cost per kg declined, supporting profitability

Outlook

• Company did not provide specific guidance for future quarters or the full year

Result Drivers

• RECORD HARVEST VOLUMES - Co reported all-time high Q3 harvest volumes of 186 thousand tonnes, up from 166 thousand tonnes a year earlier

• COST REDUCTIONS - Blended farming cost fell to EUR/kg 5.11 from EUR/kg 5.42, supporting profitability

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the food processing peer group is "buy"

• Wall Street's median 12-month price target for Mowi ASA is NOK240.00, about 16.5% above its October 16 closing price of NOK206.00

• The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 12 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)