Mowi expected to report significant Q4 profits say analysts

Editorial Staff

Out of nine investment firms surveyed, eight recommend buying Mowi shares.

Mowi, the world’s largest producer of farmed salmon, is projected to report a solid operational operating profit of €195 million from a turnover of €1.5 billion in the fourth quarter of 2023, according to data compiled by Infront for news service TDN Direkt.

This forecast is based on an average of nine analyst estimates.

Analysts predict a quarterly dividend of NOK 1.44 per share for Mowi in Q4 2023, with estimates ranging from NOK 1.16 to NOK 1.60 per share and a median estimate of NOK 1.50. Out of nine investment firms surveyed, eight recommend buying Mowi shares, while one advises selling. The average price target for the stock is NOK 227 per share, with predictions varying between NOK 180 and NOK 245.

The participating financial institutions in this analysis include ABG Sundal Collier, BofA Securities, Carnegie, DNB Markets, Exane BNP Paribas, Fearnley Securities, Handelsbanken Capital Markets, SEB Equities, and Sparebank 1 Markets.

Mowi’s operations span across Norway, Scotland, Ireland, the Faroe Islands, Iceland, Chile, and Canada. In 2022, Mowi achieved a turnover of NOK 49 billion ($4.9 billion) and reported a global harvest volume of 464,000 tons, nearly 20% of the world’s salmon production. Of this, 294,000 tonnes were produced in Norway, contributing to an operational profit of almost NOK 9.6 billion ($930 million).

The company employs approximately 12,000 people in 25 countries and has a shareholder base of around 32,000, with 95% being Norwegian.


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