Q1 2025 Mowi ASA Earnings Call Transcript
Key Points
- Mowi ASA (MHGVY) reported a record high operational profit of EUR 240 million for Q1 2025.
- The company achieved an operational revenue of EUR 1.36 billion, with harvest volumes up by 12% year-over-year.
- Mowi ASA (MHGVY) maintained a strong cash position with EUR 1.88 billion at the end of the quarter.
- The company announced a quarterly dividend of NOK 1.70 per share.
- Mowi ASA (MHGVY) expects a further decrease in production costs due to economies of scale and improved biological conditions.
- Prices in the quarter were lower than expected due to record high industry supply.
- The company faces potential indirect effects from tariff turmoil in the US, which could impact demand.
- Mowi ASA (MHGVY) experienced higher costs in some regions, such as Chile, due to high-cost sites.
- The Norwegian government's White Paper on agriculture suggests more taxes and fees, which could impact the industry.
- There is uncertainty regarding the long-term impact of tariffs and potential economic slowdowns on demand.
(video playing)
Good morning everyone, both in the room and online, and thank you very much for joining us this morning in connection with the release and presentation of Mowi's quarter results of 2025.
My name is Ivan Vindheim. I'm the CEO of Mowi and together with our CFO, Kristian Ellingsen, I will take you through the numbers and the fundamentals this morning and to the best of my and our ability, add a few appropriate comments to them. And after the presentation of IRO, Kim Dosvig will routinely host our Q&A session with also of you who are following the presentation online can submit the questions or comments in advance so as we go along by email. Please refer to the website at mowi.com for the necessary details.
Disclaimer, I think we leave for self-study, so with the [pleasantries], practicalities and the disclaimer out of the way. I think we're ready for the highlights of the [quarter]
To begin with, and on a general note, I think it's fair to say that the first quarter was another strong quarter for Mowi
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