Mowi guides for 23% earnings hike, harvest 2,000t over guidance

(04/15/19)

Mowi, the world’s largest salmon farmer, said its first-quarter earnings are likely to come in at around €194 million, up 23% year-on-year.

The company harvested 104,000 metric tons of salmon in the quarter, 2,000t more than guided, wrote Tore Tonseth, an analyst with SpareBank 1 Markets.

Tonseth had forecasted €193m in earnings before income and taxes (EBIT) for the quarter. However, a report from Reuters said the average across various analysts was.....................................................................


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