Strong quarter to end another record year for Mowi
From NASDAQ GlobeNewswire:
Mowi reported a record-high revenue of 1.43 billion euros in Q4, up from 1.36 billion euros in 2022. Operational profit was 203 million euros. The full year saw revenues of 5.5 billion euros, profits of 1,028 million euros, and harvest volumes of 475,000 tonnes. Mowi is the world’s largest producer of farm-raised Atlantic salmon. Operating in 25 countries, it employs 11,500 workers. Mowi’s postsmolt capacity is expected to hit almost 40 million, significantly driving license utilization higher and improving sustainability. Additionally, Consumer Products and Mowi Feed had impressive years as well. Mowi’s forward-looking statements noted potential risks that could affect results. Mowi will pay a quarterly dividend of NOK 1.90 per share.
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