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

Q2 2022 Mowi ASA Earnings Call Transcript

Aug 24, 2022 / 06:00AM GMT

Release Date Price: $21.7 (-3.43%)

Transcript

Ivan Vindheim

Mowi ASA - CEO

Good morning, everyone. My name is Ivan Vindheim, and I'm the CEO of Mowi. And it's my pleasure to wish you all welcome to the presentation of Mowi's second quarter results of 2022.

With me today to present the financial figures and fundamentals, I have, as usual, our CFO, Kristian Ellingsen. And after the presentation, our IRO, Kim Dosvig, will routinely host the Q&A session. (Operator Instructions)

Disclaimer, I think we'll leave for self-study.

Then we are ready for the highlights. The second quarter goes down in history as the best quarter ever for Mowi financially, both turnover-wise and earnings-wise, with a turnover of EUR 1.23 billion and operational profit of EUR 320 million, on record high salmon spot prices, driven by a strong post-pandemic demand and a global supply contraction of 6.7% year-over-year for the quarter when it includes a release of frozen inventory in Chile last year. So kudos to the organization for this achievement. It's, of course, much appreciated.

For the sake, an operational profit of EUR 320 million

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