Seafood stocks lead gains on Oslo Børs amid positive market sentiment.
Seafood companies spearheaded gains on Oslo Børs on Wednesday, as Mowi, SalMar, and Bakkafrost saw share price increases of 3.0%, 2.8%, and 2.8% respectively. The broader seafood index rose by 2.7% during the session.
According to Arctic Securities, Mowi is positioned as a strong investment case, with an expected increase in harvest volumes of 45,000 tonnes in 2025 compared to 2023. If 2025 margins match those of 2023, this growth could drive operational EBIT €100 million higher than in 2023 and €320 million higher than in 2024, the brokerage noted.
Arctic Securities also highlighted expectations of rising revenue per kilogram and gradually falling production costs, which could boost earnings per share to NOK 17.2 in 2025. The firm’s analysis emphasized that Mowi’s valuation remains attractive, stating, “The stock is too cheap not to own.”
The uptick in seafood stocks comes as industry sources report higher availability of large fish in the market, attributed to favorable biological conditions and demand driven by the Chinese New Year. Arctic Securities expects a tightening salmon supply in the first quarter, which is likely to push prices higher.
