Mowi: Undergoing Negative Salmon Cycle Swiftly, But Not An Opportunity
Mowi ASA's Q3 2024 results align with guidance, showing margin contraction due to higher supply, but the company remains resilient with strong operational and net margins. The salmon industry is in a low-margin cycle, with Mowi expecting supply growth to slow and long-term industry production to expand at a 2% CAGR. Valuing Mowi on a cycle-average basis, it offers a 7% earnings yield plus 4% growth from production expansion, totaling an 11% return.
Mowi ASA (MHGVY) Q2 2024 Earnings Call Transcript
Mowi ASA (OTCPK:MHGVY) Q2 2024 Earnings Conference Call August 21, 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 Ivan Vindheim Good morning, everyone, both in the room and online. Welcome to the presentation of Mowi's Second Quarter Results for 2024.
