Harvest volumes Q1 2020 (1)
Farming Norway 50.5 thousand tonnes
Farming Scotland 9.0 thousand tonnes
Farming Canada 8.0 thousand tonnes
Farming Chile 14.0 thousand tonnes
Farming Ireland 0.0 thousand tonnes
Farming Faroes 1.5 thousand tonnes
Total 83.0 thousand tonnes
In connection with the presentation of the Q4 2019 results, Mowi ASA guided a
total harvest volume of 84 thousand tonnes (GWE) for Q1 2020.
Note:
(1) The harvest volumes are provided in gutted weight equivalents (GWE). The
figures include salmonid species only.
Additional information
Operational EBIT for the Group was approximately EUR 107 million in Q1 2020 (EUR
196 million in Q1 2019), of which Farming EUR 101 million, Sales & Marketing EUR
14 million and Feed EUR -1 million.
Total Operational EBIT per kg through the value chain was approximately as
follows:
Norway EUR 1.65
Scotland EUR 0.65
Canada EUR 0.90
Chile EUR 1.20
Ireland EUR - (no harvesting in Q1)
Faroes EUR 2.80
The contract share was 43% in Norway and 75% in Scotland in the quarter. Blended
cost in the first quarter was 0.22 EUR/kg higher than in the fourth quarter of
2019 on 29% lower volumes.
Reported financial net interest-bearing debt (NIBD) was approximately EUR 1 360
million at the end of the quarter (excluding IFRS 16 effects).
In light of the Covid-19 pandemic the Board of Mowi has decided to postpone the
decision on first quarter dividend until second quarter. The Board considers it
essential to maintain a strong financial position amid the heightened
uncertainty caused by Covid-19. The situation is challenging for all and Mowi is
no exception. While our operations have continued to run more or less normally
so far, we are incurring more costs than usual due to extensive measures
implemented internally and externally. We are monitoring the situation closely
and are ready to take further measures if needed.
The complete Q1 2020 report will be released on 13 May at 06:30 CET.
Please refer to the Annual Report for detailed descriptions and reconciliations
of non-IFRS measures such as Operational EBIT and NIBD.
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.