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Marine Harvest ASA

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Msg  1358 of 1360  at  7/18/2022 5:09:49 AM  by

RJCogburn64


Trading update

 I do not currently own but may re-enter sometime...
 
 

Harvest volumes Q2 2022 (1)

Farming Norway60.0 thousand tonnes
Farming Scotland13.0 thousand tonnes
Farming Chile14.5 thousand tonnes
Farming Canada10.5 thousand tonnes
Farming Ireland3.5 thousand tonnes
Farming Faroes1.5 thousand tonnes
Total103.0 thousand tonnes

In connection with the presentation of the Q1 2022 results, Mowi ASA guided a total harvest volume of 99 thousand tonnes (GWE) for Q2 2022.

Note:
(1) The harvest volumes are provided in gutted weight equivalents (GWE).

Additional information

Operational EBIT for the Group was approximately EUR 320 million in Q2 2022 (EUR 137 million in Q2 2021).

Total Operational EBIT per kg through the value chain was approximately as follows:

NorwayEUR3.95
ScotlandEUR1.60
ChileEUR1.05
CanadaEUR3.00 (Canada West: EUR 3.85)
IrelandEUR2.80
FaroesEUR5.80

Operational EBIT in Consumer Products was EUR 18 million (EUR 16 million in Q2 2021) and Feed EUR 2 million in Q2 2022 (EUR 3 million in Q2 2021).

Reported financial net interest-bearing debt (NIBD) was approximately EUR 1 240 million at the end of the quarter (excluding IFRS 16 effects).

The complete Q2 2022 report will be released on 24 August at 06:30 CET.



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