Mowi Farming Canada East hit with €15 million loss in Q2

News
0

The salmon giant said it was mainly related to harvesting out ISA fish in Newfoundland.

Mowi posted its Q2 results on Tuesday morning. Operational EBIT for the group was EUR 137 million, up from EUR 99 million in Q2 2020.

Blended Farming cost per kg harvested was EUR 4.50 (EUR/kg 4.47 in Q2 2020).

Farming Canada East had a loss in the second quarter of EUR 15 million equivalent to EUR/kg 0.14 for the group mainly related to harvesting out ISA fish in Newfoundland.

Total operational EBIT per kg through the value chain was:

  • Norway EUR 1.65
  • Scotland EUR 1.55
  • Canada EUR -0.50
  • Chile EUR 1.00
  • Ireland EUR 1.85
  • Faroes EUR 1.90

Operational EBIT in Consumer Products was EUR 16 million, down from the EUR 23 million the same period the year before. Feed was EUR 3 million in Q2 2021, a reduction from Q2 2020’s EUR 6 million

Reported financial net interest-bearing debt (NIBD) was approximately EUR 1.1 billion
million at the end of the quarter.

The complete Q2 report will be released on 25 August.