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    Home > Food News > Food Articles > Mowi's Q2 performance was outstanding, with a salmon output of 108,000 tons

    Mowi's Q2 performance was outstanding, with a salmon output of 108,000 tons

    • Last Update: 2021-09-03
    • Source: Internet
    • Author: User
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    The second quarter report of Mowi, the world's largest salmon producer, showed that the company achieved revenues of more than 1 billion euros, an increase of 9.
    8% year-on-year, and earnings before interest and taxes (EBIT) of 164 million euros (68.
    8 million euros in the same period last year).
    Salmon production It is 108,000 tons, and the average breeding cost is EUR 4.
    50/kg
    .
     
    The company believes that global demand growth has promoted market prices in all regions and brought better yields for companies.
    Spot prices in the European market have risen by 18%, and prices in the Americas have risen by nearly 50%
    .
    The relaxation of restrictions on the new crown epidemic has stimulated demand in the catering industry, and retail demand has remained at a relatively high level
    .
     
    Myway CEO Ivan Vindheim said: "Most countries have lowered restrictions on the new crown epidemic, and demand for salmon has increased significantly
    .
    Although global supply has increased by about 9% year-on-year, including the release of frozen salmon stocks in Chile, global prices have increased by about 25% year-on-year.
    %
    .
    The profit of the
    Meiwei aquaculture sector has been improved, and the production and costs have been relatively stable.
    The sales of the value-added product sector in the second quarter once again hit a record high.
    The MOWI brand entered the Italian, Spanish and Belgian markets for the first time
    .
    "
     
      Due to the impact of Infectious Salmon Anemia (ISA), Meiwei's Canadian production area suffered a quarterly loss of 15 million euros
    .
    The rest of the production areas have achieved profitability, with the UK and Norway performing outstandingly
    .
     
      Meiwei predicts that the annual output in 2021 will be approximately 450,000 tons.
    Norwegian production will remain flat last year, Scotland's production will increase by 5,000 tons, Chile's production will fall by 3,000 tons, and Canada's production will increase by 3,000 tons
    .
    Salmon farming
     
      The company believes that global demand growth has promoted market prices in all regions and brought better yields for companies.
    Spot prices in the European market have risen by 18%, and prices in the Americas have risen by nearly 50%
    .
    The relaxation of restrictions on the new crown epidemic has stimulated demand in the catering industry, and retail demand has remained at a relatively high level
    .

     
      Myway CEO Ivan Vindheim said: "Most countries have lowered restrictions on the new crown epidemic, and demand for salmon has increased significantly
    .
    Although global supply has increased by about 9% year-on-year, including the release of frozen salmon stocks in Chile, global prices have increased by about 25% year-on-year.
    %
    .
    The profit of the
    Meiwei aquaculture sector has been improved, and the production and costs have been relatively stable.
    The sales of the value-added product sector in the second quarter once again hit a record high.
    The MOWI brand entered the Italian, Spanish and Belgian markets for the first time
    .
    "
     
      Due to the impact of Infectious Salmon Anemia (ISA), Meiwei's Canadian production area suffered a quarterly loss of 15 million euros
    .
    The rest of the production areas have achieved profitability, with the UK and Norway performing outstandingly
    .
     
      Meiwei predicts that the annual output in 2021 will be approximately 450,000 tons.
    Norwegian production will remain flat last year, Scotland's production will increase by 5,000 tons, Chile's production will fall by 3,000 tons, and Canada's production will increase by 3,000 tons
    .
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