Mowi ASA (OSE:MOWI): Q1 2023 Trading update

Mowi ASA

Harvest volumes Q1 2023 (1)

Farming Norway	65.5 thousand tonnes
Farming Scotland	11.0 thousand tonnes
Farming Chile	10.5 thousand tonnes
Farming Canada	7.5 thousand tonnes
Farming Ireland	1.0 thousand tonnes
Farming Faroes	2.0 thousand tonnes
Farming Iceland (Arctic Fish)	5.0 thousand tonnes
Total	102.5 thousand tonnes

In connection with the presentation of the Q4 2022 results, Mowi ASA guided a total harvest volume of 98 thousand tonnes (GWE) for Q1 2023.

Note:
(1) The harvest volumes are provided in gutted weight equivalents (GWE).

Additional information

Operational EBIT for the Group was approximately EUR 322 million in Q1 2023 (EUR 207 million in Q1 2022).

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

Norway	EUR	3.75
Scotland	EUR	2.45
Chile	EUR	1.50
Canada	EUR	2.15
Ireland	EUR	1.70
Faroes	EUR	3.30
Iceland	EUR	2.10

Operational EBIT in Consumer Products was EUR 37 million (EUR 21 million in Q1 2022). Operational EBITDA in Feed was EUR 6 million in Q1 2023 (EUR 1 million in Q1 2022).

Reported financial net interest-bearing debt (NIBD) for the group was approximately EUR 1 640 million at the end of the quarter (excluding IFRS 16 effects), of which EUR 79 million in Arctic Fish.

The complete Q1 2023 report will be released on 10 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.