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

By Reuters News


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

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Operational EBIT

EUR 275 mln


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


Reuters Recommended Reads

  • Oct 16 - Sweden's I-Tech Q3 net sales rise on higher Selektope adoption


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.