Mowi ASA (OSE:MOWI): Q3 2019 Trading update


Harvest volumes Q3 2019 (1)

Farming Norway63.5 thousand tonnes
Farming Scotland19.5 thousand tonnes
Farming Canada16.0 thousand tonnes
Farming Chile14.0 thousand tonnes
Farming Ireland2.0 thousand tonnes
Farming Faroes2.0 thousand tonnes
Total117.0 thousand tonnes

In connection with the presentation of the Q2 2019 results, Mowi ASA guided a total harvest volume of 113 thousand tonnes (GWE) for Q3 2019.

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 146 million in Q3 2019 (EUR 207 million in Q3 2018). Net negative one-offs in Mowi Canada have impacted Operational EBIT by approximately EUR 5 million in Q3 2019, ref stock exchange notice of 13 October.

Total Operational EBIT per kg through the value chain was approximately as follows:

NorwayEUR  1.65
ScotlandEUR  1.35
CanadaEUR  0.00
ChileEUR  1.30
IrelandEUR  1.10
FaroesEUR  1.40
   

Reported financial net interest-bearing debt (NIBD) was approximately EUR 1 230 million at the end of the quarter (excluding IFRS 16 effects).

The complete Q3 2019 report will be released on 30 October 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.