Norway's Mowi Q3 harvest volumes and EBIT hit record highs
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: ID:nGNE85n5fp
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
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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.)