Bergen, Norway-headquartered salmon-farming firm Mowi harvested around 133,500 metric tons (MT) of gutted weight (GWT) farmed salmon in the last quarter of 2024, which was over 4,000 MT more than in the corresponding period of the previous year and 1,400 MT ahead of the forecast the company made for the period in Q3 2024.
The Q4 volume contributes to a record full-year harvest of 502,000 MT, overhauling Mowi’s previous best of 475,000 MT, delivered in 2023, and inching closer toward its goal of hitting 600,000 MT annually by 2029.
According to the group’s latest trading update, in Q4 2024, the firm’s Farming Norway operations harvested 83,500 MT (up from 81,000 MT in Q4 2023), Farming Scotland – which suffered biological issues in the quarter – harvested 17,000 MT (up from 10,500 MT in Q4 2023), Farming Chile harvested 22,500 MT (down 5,000 MT), Farming Canada harvested 5,000 MT (up 1,000 MT), Farming Ireland harvested 1,000 MT (no harvest was reported for Q4 2023), Farming Faroes harvested 1,000 MT (down 2,500 MT), and Farming Iceland (Arctic Fish) harvested 3,500 MT (up 1,000 MT).
For the full year 2024, Mowi is expecting to confirm a 304,000 MT harvest from Norway, 66,000 MT from Scotland, 73,000 MT from Chile, 30,000 MT from Canada, 9,000 MT from both Ireland and the Faroes, and 11,000 MT from Iceland.
The update estimates Mowi’s operational EBIT to be approximately EUR 226 million (USD 232.6 million) for the quarter, representing an increase of around EUR 23 million (USD 23.7 million) compared to the corresponding period of 2023, when it reported an EBIT of EUR 203 million (USD 208.9 million)...
