Brief: Mowi To Pay Quarterly Dividend Of NOK 1.50 Per Share

Mowi ASA

08/05/2024 05:56

May 8 (Reuters) - Mowi ASA  MOWI.OL :
    * REG-GOOD RESULTS IN A BIOLOGICALLY CHALLENGING QUARTER FOR
MOWI
IN NORWAY
    * BOARD HAS DECIDED TO PAY A QUARTERLY DIVIDEND OF NOK 1.50
PER
SHARE
    * MOWI RECORDED REVENUES OF 1.33 BILLION EUROS IN Q1,
COMPARED
WITH 1.36 BILLION EUROS IN CORRESPONDING QUARTER OF 2023
    * SITUATION IN NORWAY HAS IMPROVED CONSIDERABLY IN Q2
    * VACCINATING SMOLT WITH IMPROVED WINTER SORE VACCINE HAS
SHOWN
PROMISING RESULTS SO FAR
    * OPERATIONAL EBIT WAS 200.5 MILLION EUROS IN QUARTER, DOWN
38%
    * MOWI SEES Q2 HARVEST VOLUME (GWT) 110,000 GWT
    * BELIVES SMOLT SITUATION WILL SIGNIFICANTLY IMPROVE NEXT
YEAR
    * GROUP VOLUME GUIDANCE OF RECORD-HIGH 500,000 TONNES FOR
2024 IS
RE-ITERATED
    * MOWI - EUROPEAN SALMON PRICES HAVE BEEN STRONG SO FAR THIS
YEAR,
PRICES FOR AMERICAN SALMON HAVE BEEN WEAKER
    * SPOT MARKET FOR SALMON OF NORWEGIAN ORIGIN IN THE QUARTER
HAS
BEEN SEVERELY IMPACTED BY SHORTAGES OF SUPERIOR SALMON DUE TO
INDUSTRY CHALLENGES WITH WINTER SORES AND SIGNIFICANTLY MORE
PRODUCTION GRADE SALMON THAN NORMAL FOR THE SEASON, SOLD AT A
CONSIDERABLE DISCOUNT VERSUS. SUPERIOR SALMON

Source text for Eikon:  ID:nGNE3Ll8tB 
Further company coverage:  MOWI.OL 

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