Mowi Should Have A Better 2026 With Moderate Supply Growth Globally
Mowi ASA (MHGVY) maintains a Hold rating as current valuation does not offer compelling cycle-average returns. 2025 saw pressured margins and pricing due to a salmon supply upcycle, but volume and cost performance remained positive. Mowi guides for 8% harvest growth in 2026, supported by Nova Sea acquisition, amid expectations of a salmon upcycle and restrained global supply.
Mowi ASA (MHGVY) Q4 2025 Earnings Call Transcript
Mowi ASA (MHGVY) Q4 2025 Earnings Call Transcript
Mowi ASA (MHGVY) Q3 2025 Earnings Call Transcript
Mowi ASA (OTCPK:MHGVY) Q3 2025 Earnings Call November 5, 2025 2:00 AM EST Company Participants Ivan Vindheim - Chief Executive Officer Kristian Ellingsen - Chief Financial Officer Conference Call Participants Ole Petter Juvik Urheim Christian Nordby - Arctic Securities AS, Research Division Henrik Knutsen - Pareto Securities AS, Research Division Martin Kaland - ABG Sundal Collier Holding ASA, Research Division Presentation Ivan Vindheim Chief Executive Officer Good morning, everyone, both in the room and online. Thank you very much for joining us this morning in connection with the release and the presentation of Mowi's third quarter results of 2025.
Mowi And Salmon Are Entering The Downturn Cycle Of The Industry, Expect Better Prices In The Future
Mowi delivered strong volume growth (up 18% YoY), but oversupply pressured prices and margins despite lower feed costs. Industry supply is expected to keep rising, likely putting further pressure on prices and margins amid sluggish demand and US tariff uncertainty. Recent refinancing and the Nova Sea acquisition add debt.
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 (MHGVY) Q4 2024 Earnings Call Transcript
Mowi ASA (OTCPK:MHGVY) Q4 2024 Results Conference Call February 12, 2025 2:00 AM ET Company Participants Ivan Vindheim - Chief Executive Officer Kristian Ellingsen - Chief Financial Officer Kim Dosvig - Investor Relations Officer Conference Call Participants Christian Nordby - Arctic Securities Aleksander Erstad - DNB Martin Kaland - ABG Sundal Collier Ivan Vindheim Good morning, everyone, both in the room and online. That was a little taste of some of the marketing activities that are ongoing for the Mowi salmon these days.
Are Consumer Staples Stocks Lagging Marine Harvest ASA (MHGVY) This Year?
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Mowi: Decent Value But Waiting To See Jellyfish Impact In Q4
Volumes have been great, but there's been a lot of early harvesting and elevated supply due to biological issues concentrated in Norway. Feed prices have dropped significantly, improving margins, while a good anchovy season in Peru increased marine ingredient supply, benefiting feed production. The consumer products segment shows solid growth, pushing the Mowi brand into European supermarkets and contributing to a 20% EBITDA increase.
Is Marine Harvest ASA (MHGVY) Stock Outpacing Its Consumer Staples Peers This Year?
Here is how Marine Harvest ASA (MHGVY) and US Foods (USFD) have performed compared to their sector so far this year.
Mowi ASA (MHGVY) Q3 2024 Earnings Call Transcript
Mowi ASA (OTCPK:MHGVY) Q3 2024 Earnings Conference Call November 6, 2024 2:00 AM ET Company Participants Ivan Vindheim - Chief Executive Officer Kristian Ellingsen - Chief Financial Officer Kim Dosvig - Investor Relations Officer Conference Call Participants Christian Nordby - Arctic Securities Martin Kaland - ABG Sundal Collier Alex Aukner - DNB Markets Ivan Vindheim Good morning, everyone, both in the room and online. That was a little taste of the technological revolution taking place in flow-based salmon farming these days.
