Mowi Norway experiences “perfect storm” of challenges in Q1 2024, but company remains on track to hit full-year projections

"We landed on our feet after a quarter which will go down in history as one of our more challenging quarters."
A Mowi farmer at one of the company's Norwegian farms
A Mowi farmer at one of the company's Norwegian farms | Photo courtesy of Mowi
6 Min
Winter sores, severe string jellyfish incidents, and an unusually cold and stormy winter led to a challenging Q1 2024 for Mowi Norway, though the company’s other farming areas recorded much better performances, according to Mowi CEO Ivan Vindheim. Delivering the salmon company’s quarterly results in Bergen, Norway, on 8 May 2024, Vindheim said Mowi Norway faced much tougher environmental conditions than the group’s largest production region typically does. “This impacted both our price…

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