Productivity surge follows cost programme.
The world’s largest salmon producer, Mowi, has increased production while significantly improving productivity since 2020, according to CEO Ivan Vindheim.
In the company’s annual report, Vindheim said full-time equivalent (FTE) staffing had fallen from 14,998 in 2020 to 14,195 in 2025.
“FTEs have been reduced by a total of 3,489 FTEs on a like-for-like basis, equivalent to a 34% productivity improvement,” Vindheim wrote.
During the same period harvest volumes have increased significantly, rising from 436,000 tonnes in 2020 to 605,000 tonnes in 2026 guidance.
Vindheim said the changes reflect a stronger focus on efficiency across the organisation.
“Addressing cost has become engrained in Mowi’s workflow,” he wrote.
Realised farming costs averaged EUR 5.49 per kilo in 2025, down 5% year-on-year, while biomass costs in sea declined 7.1%.
In nominal terms, costs were reduced by EUR 176 million compared with 2024.
The company has achieved EUR 392 million in annualised savings since launching cost programmes in 2018, and has initiated a new programme targeting EUR 30 million of savings in 2026.
Vindheim said continued productivity improvements would remain a priority, with the company aiming to reduce FTEs by a further 250 positions in 2026 through its global productivity programme.
Operational revenue reached EUR 5.7 billion in 2025, supported by record harvest volumes of 559,000 tonnes.