Mowi ASA (MHGVY)
OTHER OTC:MHGVY
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Earnings Data
Report Date
Aug 26, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.31Last Year’s EPS
0.29Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a largely positive operational and strategic picture: record seasonal revenue, very strong harvest volumes, meaningful cost reductions and continued volume guidance were notable positives. These were tempered by significant short-term price pressure from an exceptional industry supply increase in Q1, localized biological incidents (algae) and weaker earnings in some regions (Chile, Canada) and downstream headline profit. Management highlighted medium-term supply normalization, cost leadership, strategic acquisitions and shareholder returns, suggesting confidence in recovery and execution.Company Guidance
Strong top-line and operational profit
Recorded seasonally high revenue of EUR 1.54 billion and operational profit of EUR 221 million (second-best Q1 to date). Operational EBIT increased ~3% year-over-year driven by higher volumes and lower costs.
Record harvest volumes
Seasonally record high harvest volumes of 136,000 tonnes in Q1, up 26% year-over-year and slightly above internal guidance; company maintains 2026 volume guidance of 605,000 tonnes (c. +8.3% YoY) and 2029 target of >=650,000 tonnes.
Improved farming cost
Realized blended farming cost of EUR 5.46/kg, down from EUR 5.89/kg in Q1 2025 (a 7.3% reduction, ~EUR 46 million in nominal terms). Management expects stable cost Q2 then declines in H2 2026.
Balance sheet and capital metrics
Net interest-bearing debt at EUR 2.74 billion (in line with long-term target ~EUR 2.7 billion) and a strong equity ratio of 46%. Underlying EPS EUR 0.27 in Q1 and annualized return on capital employed 13.1% for the quarter; 5-year ROCE average c. 17.4% vs peers 12.7%.
Mowi Norway performance and regional strength
Mowi Norway operating profit EUR 181 million, margin EUR 2.40/kg, harvest 76,000 tonnes; Region North delivered an impressive EUR 2.89/kg margin and remains a key earnings driver.
Downstream and feed progress
Consumer Products sold volumes reached 70,000 tonnes (up 21% YoY) with operational profit EUR 20 million (adjusted performance improved versus weaker contracts). Feed business stable with operational EBITDA EUR 6 million and sold volumes 109,000 tonnes; target feed production/sales 650,000 tonnes in 2026 (+11% YoY) and a Skretting partnership targeting EUR 55 million in annual savings.
Strategic bolt-on and shareholder return
Acquisition of Torghatten Aqua's 4,500-tonne sea-based operation in Northern Norway at attractive terms; Board declared a quarterly dividend of NOK 2.30/share, signaling confidence in outlook.
Cost leadership and productivity gains
Company highlights continued cost reduction and productivity programs: 20% of the Q1 cost reduction derived from non-feed items, reinforcing Mowi's #1 position on EBIT per region and on standard license metrics in Norway.
Positive market outlook medium-term
Management cites research (Kontali) expecting industry supply growth to normalize to ~0% for remainder of 2026 and ~1% in 2027 (longer term 1–2%), which should support market balance going forward.
MHGVY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
MHGVY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 13, 2026 | $21.18 | $20.97 | -0.97% |
Feb 11, 2026 | $23.57 | $24.03 | +1.95% |
Nov 05, 2025 | $21.51 | $21.88 | +1.71% |
Aug 20, 2025 | $19.59 | $19.67 | +0.45% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Mowi ASA (MHGVY) report earnings?
Mowi ASA (MHGVY) is schdueled to report earning on Aug 26, 2026, Before Open (Confirmed).
What is Mowi ASA (MHGVY) earnings time?
Mowi ASA (MHGVY) earnings time is at Aug 26, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is MHGVY EPS forecast?
MHGVY EPS forecast for the fiscal quarter 2026 (Q2) is 0.31.