Mowi Hits All-Time High Volumes as Earnings Take a Dip Amid COVID-19 Lockdowns
Mowi reported an operational EBIT of EUR 49 million in the fourth quarter of 2020, a EUR 117 million dip from the same quarter in 2019. The company said its results were “significantly impacted by Covid-19 and extensive lockdown measures, together with seasonal high supply.”
Despite the earnings drop, Mowi achieved its all-time high volumes across all divisions for the year. The world’s leading salmon farmer by volume harvested 440 000 tonnes of salmon, selling 240 000 tonnes of value-added products, and producing 540 000 tonnes of feed...
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