Analysts estimate Mowi result of €315 million in the second quarter

by
editorial staff

Record prices provide record earnings.

The salmon giant is expected to present an operating profit of €315 million for the second quarter of the year, from a turnover of €1,211 million.

The figures are based on an average of estimates from nine analysts reported by TDN Direkt.

Analysts expect an average harvest volume of 98,900 tonnes of salmon in the quarter, of which 55,000 tonnes in Norway.

The operating profit per kilo in the Norwegian fish farming business is expected to be €3.84 in the quarter, while the Chilean farming business is expected to deliver an operating profit of €1.78 per kilo. For the fish farming business in Scotland, €2.33 per kilo is expected, while the Canada business is expected to deliver €2.72 per kilo. For the aquaculture business in Ireland, €3.30 per kilo is expected, while the Faroe Islands business is expected to deliver €4.01 per kilo.

The average price target is NOK 276, ranging from NOK 260 to NOK 290. Of seven analysts who have given a recommendation, all have buy recommendations. On Thursday morning, the Mowi share is traded at NOK 233, up 1.9 percent.

The estimates have been obtained from the brokerages Arctic Securities, BofA Securities, Carnegie, DNB Markets, Exane BNP Paribas, Fearnley Securities, Kepler Cheuvreux, Nordea Markets and Pareto Securities.

Newsletter