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Investment banks expecting major cost cuts at Mowi

The last six months' low salmon prices place higher demands on cost efficiency. At the end of August, Mowi CEO Ivan Vindheim announced cost reduction and downsizing goals. In the company's Q420 trading update, in plain text, the need for cost cuts appeared: The company lost money in three out of six production regions. In the wake of the current trading update, Carnegie writes that the consensus for 2021-2022 assumes significant cost improvements and that today's figures provide limited comfort. This...