Mowi jumps as record harvest, lower costs drive Q2 earnings beat

Mowi ASA

15/07/2026 09:10

   ** Shares in Norwegian salmon farmer Mowi MOWI.OL rise nearly 4% after it reported stronger-than expected second quarter earnings, helped by record harvest volumes and lower farming costs
** Mowi posted operational EBIT of 231 million euros ($263.85 million) for the second quarter, up 23% from a year earlier
** Harvest volumes increased to a record 150,000 tonnes, surpassing consensus estimate of 141,077 tonnes cited by a trader
** Mowi's blended farming cost fell to 5.21 euros per kilogram from 5.39 euros a year earlier
** Analysts at SB1 Markets said in a note that Mowi's earnings exceeded both their forecast and broader market expectations, driven by stronger biological performance in Canada and Scotland
** The broker also said the stronger-than-expected performance could trigger positive earnings estimate revisions
 
($1 = 0.8755 euros)

(Reporting by Canan Sevgili)
((canan.sevgili@thomsonreuters.com))