Mowi's Current Biomass Drives Confidence in Future 600,000t Harvest Target
Salmon farming giant Mowi achieved record-high operating revenues of EUR 1.44 billion (US$1.56 billion), leading to an operational profit of EUR 173 million.
“This was yet another good quarter for Mowi, with our best ever seawater production and harvest volumes of 161,000 tonnes. We’ve never had more fish in the sea, with biomass in sea up 4.4% year-on-year at quarter end,” Mowi CEO Ivan Vindheim said.
Mowi expects to reach its harvest volume guidance for 2024 at 500,000 metric tons. And the company has even greater expectations for the coming years. Mowi announced that its current record-high biomass at sea supports its 520,000 MT volume guidance for 2025. This would be the first milestone as it looks to reach 600,000 MT of harvesting volume in 2029.
To Read Full Story Login Below.