Mowi ASA Sponsored ADR (MHGVY)
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Mowi ASA (MHGVY) Q1 2025 Earnings Call Transcript
Mowi ASA (OTCPK:MHGVY) Q1 2025 Earnings Conference Call May 14, 2025 2:00 AM ET Company Participants Ivan Vindheim - Chief Executive Officer Kristian Ellingsen - Chief Financial Officer Kim Døsvig - Investor Relations Officer Conference Call Participants Christian Nordby - Arctic Securities Alex Aukner - DNB Carnegie Martin Kaland - ABG Sundal Collier Wilhelm Røe - Danske Bank Ivan Vindheim Good morning, everyone, both in the room and online, and thank you very much for joining us this morning in connection with the release and presentation of Mowi's First Quarter Results of 2025. My name is Ivan Vindheim, I'm the CEO of Mowi; and together with our CFO, Kristian Ellingsen, I will take you through the numbers and the fundamentals this morning, and to the best of our ability add a few appropriate comments to them.
Is Marine Harvest ASA (MHGVY) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Mowi Strengthens Its Grip On Norwegian Salmon And Is Fairly Valued
Mowi ASA's Q4 2024 results were strong, driven by optimal climatic conditions in Norway and improving feed margins, leading to record-high production volumes. The acquisition of Nova Sea adds 10% production capacity, enhancing Mowi's position, though the valuation remains fair but not overly compelling. Despite increased net debt from the acquisition, Mowi's EBIT coverage is strong, supporting manageable leverage and potential for yield enhancement and synergies.
Mowi ASA Sponsored ADR Dividends
| MHGVY In 1 month Estimated | Quarterly | $0.17 Per Share |
| MHGVY 1 month ago Paid | Quarterly | $0.17 Per Share |
| MHGVY 5 months ago Paid | Quarterly | $0.18 Per Share |
| MHGVY 8 months ago Paid | Quarterly | $0.14 Per Share |
| MHGVY 10 months ago Paid | Quarterly | $0.16 Per Share |
| MHGVY 20 May 2024 Paid | Quarterly | $0.14 Per Share |
Mowi ASA Sponsored ADR Earnings
| 20 Aug 2025 (In 3 weeks) Date | | 0.44 Cons. EPS | - EPS |
| 19 Aug 2025 (In 3 weeks) Date | | - Cons. EPS | - EPS |
| 14 May 2025 Date | | - Cons. EPS | 0.05 EPS |
| 12 Feb 2025 Date | | 0.29 Cons. EPS | 0.31 EPS |
| 6 Nov 2024 Date | | 0.19 Cons. EPS | 0.23 EPS |
| MHGVY In 1 month Estimated | Quarterly | $0.17 Per Share |
| MHGVY 1 month ago Paid | Quarterly | $0.17 Per Share |
| MHGVY 5 months ago Paid | Quarterly | $0.18 Per Share |
| MHGVY 8 months ago Paid | Quarterly | $0.14 Per Share |
| MHGVY 10 months ago Paid | Quarterly | $0.16 Per Share |
| MHGVY 20 May 2024 Paid | Quarterly | $0.14 Per Share |
| 20 Aug 2025 (In 3 weeks) Date | | 0.44 Cons. EPS | - EPS |
| 19 Aug 2025 (In 3 weeks) Date | | - Cons. EPS | - EPS |
| 14 May 2025 Date | | - Cons. EPS | 0.05 EPS |
| 12 Feb 2025 Date | | 0.29 Cons. EPS | 0.31 EPS |
| 6 Nov 2024 Date | | 0.19 Cons. EPS | 0.23 EPS |
Mowi ASA Sponsored ADR (MHGVY) FAQ
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Mowi ASA Sponsored ADR Profile
| Agricultural Farm Products Industry | Consumer Defensive Sector | Mr. Ivan Vindheim CEO | OTC PINK Exchange | 56824R106 Cusip |
| NO Country | 11,473 Employees | 27 May 2025 Last Dividend | 28 Jan 2014 Last Split | - IPO Date |
Overview
Mowi ASA is a leading seafood company recognized for its farming, production, and supply of Atlantic salmon products on a global scale. The company operates under three primary segments: Feed, Farming, and Sales and Marketing. Its operations span from salmon feed production to salmon farming and primary processing, along with seafood secondary processing activities. Originating in 1964 and formerly known as Marine Harvest ASA, the company transitioned to Mowi ASA in December 2018 and is headquartered in Bergen, Norway. Through its comprehensive approach to seafood production, Mowi ASA assures quality and sustainability in its products, making it a pivotal player in the global seafood industry.
Products and Services
- Whole Fish: Mowi ASA supplies fresh and wholesome Atlantic salmon for various culinary uses, offering high-quality options for retail and food services.
- Plain and Marinated Fillets and Steaks: Catering to diverse tastes and preferences, the company provides ready-to-cook salmon fillets and steaks, available both plain for versatile cooking options and marinated for added flavor.
- Hot- and Cold-Smoked Salmon: Through careful smoking processes, Mowi ASA offers salmon with distinctive flavors, suitable for a range of dishes and occasions, ensuring a memorable eating experience.
- Burgers and Tartars: Addressing the need for easy-to-prepare and convenient seafood options, the company produces salmon burgers and tartars, presenting a modern twist on traditional salmon consumption.
- Patties, Gravad, Sushi, and Breaded Products: Ranging from patties for quick meals to gravad for traditional recipes, sushi-grade salmon for authentic experiences, and breaded products for crispy delights, Mowi ASA's array ensures variety and quality.
The variety in Mowi ASA’s product range underlines its commitment to quality and innovation, offering products under renowned brands such as Ducktrap, MOWI, and Supreme Salmon. This diversity caters to a broad spectrum of culinary needs and preferences, reinforcing the company's position in the global market.
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