MOWI.OL
Mowi ASA
Q4 2024 Report
Mowi ASA (MOWI.OL) QQ4 2024 Financial Analysis: Record Volumes and Strategic Growth...
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Executive Summary
Mowi ASA reported solid Q2 2024 results, highlighted by operational revenues of EUR 1.34 billion and an operational profit of EUR 230 million, buoyed by record high harvest volumes of 110,500 tonnes. However, challenges in pricing, particularly in the Americas, dampened margins. Management emphasized the commitment to maintaining cost leadership and reiterated guidance to achieve 500,000 tonnes of farming volume by year-end, reflecting a 5.3% YoY growth. Despite political challenges in Canada affecting some operations, the company continues to strengthen its market position, bolstered by healthy biomass levels and improved cost controls.
Key Performance Indicators
Revenue
1.33B
QoQ: 0.46% | YoY:-1.94%
Gross Profit
541.10M
40.56% margin
QoQ: -18.04% | YoY:-9.35%
Operating Income
372.80M
QoQ: 49.96% | YoY:101.62%
Net Income
36.40M
QoQ: -78.28% | YoY:130.01%
EPS
0.07
QoQ: -78.13% | YoY:130.43%
Revenue Trend
Margin Analysis
Key Insights
**Revenue Performance:** Q2 2024 revenue of EUR 1.34 billion, slightly down 1.94% YoY but up 0.46% QoQ. **Profitability:** Net income stood at EUR 36.4 million with an EPS of EUR 0.07. This was up 130.01% YoY, showing impressive recovery from previous challenges. **Gross Profit Margin:** 40.6%, decreased from 43.9% in Q2 2023, indicating pressure on prices despite high operational performance. **Operating Income Ratio:** 27.9%, showcasing effective cost management. **Cash Flow:** Free ca...