Mowi ASA (OTCPK:MHGVY)

$ 17.08 -0.15 (-0.87%) Market Cap: 8.91 Bil Enterprise Value: 11.49 Bil PE Ratio: 19.27 PB Ratio: 2.37 GF Score: 96/100

Q3 2019 Mowi ASA Earnings Call Transcript

Oct 30, 2019 / 03:00PM GMT

Release Date Price: $25.17 (+1.90%)

Transcript

Operator

Good day and welcome to the Mowi ASA Third Quarter 2019 Conference Call.

Today's conference is being recorded.

At this time, I would like to turn the conference over to Mr. Kim Dosvig. Please go ahead, sir.

Kim Galtung Dosvig

Mowi ASA - Head of Treasury & IR Officer

Yes. Thank you, and welcome to the third quarter conference call for Mowi.

We announced our quarterly earnings this morning. The webcast is available online. So the purpose of this call is to go through the presentation and open up for questions in the end.

So going on to Page 3 highlights. Q3 operational EBIT of EUR 148 million in the quarter, record-high turnover on all-time high volumes in all business areas, Feed, Farming and also Consumer Products.

On the back of increased supply by 13% year-over-year, prices declined in the quarter. We had positive contributions from our contracts, hence the price achievement was above 100% in the quarter. Having said or mentioning the 13% supply increase, if we look at the value of salmon consumed, we see

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