Mowi rises after new growth, savings targets at CMD
26/09/2024 11:44
** Shares in Mowi MOWI.OL are up nearly 4% after the
Norwegian salmon farmer announced revenue growth, cost savings
and volume growth targets on its Capital Markets Day late on
Wednesday
** Mowi plans volume growth to 600,000 tonnes from 500,000
tonnes in its farming division by 2029, as well as a EUR 300-400
million cost reduction
** Pareto Securities, which has a "buy" rating on Mowi, says
that the company has a "clear growth path" the coming years,
which gives further confidence to estimates
** Barclays also notes the targets could point to upside
against medium term market expectations
(Reporting by Marta Frąckowiak)
((marta.frackowiak@thomsonreuters.com))