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 record operating revenues of €1.44 billion in Q3 2024, a 6% increase year-over-year, driven by robust harvest volumes of 161,000 tonnes. However, profitability was impacted by seasonal challenges, leading to an operational EBIT of €173 million—down 62.99% year-over-year. Despite facing softer prices due to increased industry supply, the company maintains its optimistic outlook with targets of 520,000 tonnes for 2025, emphasizing organic growth and strategic management of costs. The commitment to technological innovation in salmon farming positions Mowi favorably against industry competitors.
Key Performance Indicators
Revenue
1.44B
QoQ: 8.07% | YoY:6.34%
Gross Profit
523.70M
36.33% margin
QoQ: -3.22% | YoY:-16.86%
Operating Income
69.50M
QoQ: -81.36% | YoY:-62.99%
Net Income
48.90M
QoQ: 34.34% | YoY:-55.79%
EPS
0.09
QoQ: 35.14% | YoY:-54.95%
Revenue Trend
Margin Analysis
Key Insights
**Revenue & Profitability:** Total revenue increased to €1.44 billion, with a gross profit margin of 36.3%. However, net income decreased to €48.9 million, highlighting a year-over-year decline of 55.79%. **Balance Sheet Health:** Mowi’s net interest-bearing debt reduced to €1.77 billion, nearing the target of €1.7 billion. The equity ratio stood at 51%, reflecting a healthy balance sheet. **Cash Flow Insights:** Operating cash flow was strong at €372.1 million, positively affe...