Norway's Mowi reports record Q4 revenue on higher salmon prices

Mowi ASA

11/02/2026 05:39

Overview

Norway's largest food producer reported record Q4 revenue of EUR 1.59 bln

Operational EBIT for Q4 was EUR 213 mln, reflecting strong performance

Company forecasts 605,000 tonnes harvest in 2026, up 8.3% from 2025

Outlook

Mowi expects 2026 salmon harvest volumes to reach 605,000 tonnes

Company anticipates normalized supply growth of 1% in 2026

Mowi forecasts tighter market balance due to regulatory and technological constraints

Result Drivers

RECORD HARVEST VOLUMES - Mowi achieved record-high harvest volumes of 152,000 tonnes in Q4, contributing to revenue growth

SALMON PRICE INCREASE - Salmon prices rose in Q4, aiding revenue despite high supply growth, per CEO Ivan Vindheim

COST REDUCTION - Farming costs decreased by EUR 197 mln, with further reductions expected in 2026, according to CEO Ivan Vindheim

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
EUR 1.59 bln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "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 NOK256.50, about 13.9% above its February 10 closing price of NOK225.20

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 13 three months ago

Press Release: ID:nGNE9QR3bR

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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.)