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Mowi ASA (MHGVY)
OTHER OTC:MHGVY
Earnings Data
Report Date
May 14, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.42Last Year’s EPS
0.23Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 12, 2025
|% Change Since: -0.77%
|Next Earnings Date:May 14, 2025
Earnings Call Sentiment|Positive
The earnings call reveals a predominantly positive sentiment with record-breaking achievements in harvest volumes and revenue, successful acquisition of Nova Sea, and strong sustainability recognition. While there are challenges in specific regions and potential tariff concerns, the overall outlook remains optimistic.Company Guidance
During the call, Mowi provided substantial guidance on various metrics for its future operations. The company reported a record-breaking year in 2024, achieving a harvest volume of 502,000 tonnes, marking a 5.7% growth year-over-year, which is significant given the industry's overall growth of just 1%. This translated to a record turnover of €5.62 billion. Mowi has increased its harvest volume guidance for 2025 to 530,000 tonnes, up from the originally projected 520,000 tonnes, reflecting another 5.7% growth. With the acquisition of Nova Sea, Mowi anticipates reaching 600,000 tonnes next year, ahead of its 2029 target, now revised to 650,000 tonnes. Additionally, Mowi expects significant cost synergies from the acquisition, estimating NOK 400 million in savings, and reported an operational profit of €226 million in Q4 with €1.50 billion in operating revenues. The company also noted a decrease in feed prices, contributing to reduced farming costs and expected to continue positively impacting 2025 costs. In terms of financial health, Mowi's net interest-bearing debt was €1.87 billion at year-end, with an equity ratio of 46%, and the company announced a quarterly dividend of NOK 2 per share.Record-Breaking Year for Mowi
Mowi achieved a milestone by surpassing 500,000 tonnes in harvest volumes for the first time in its 60-year history, reflecting a growth of 5.7% year-over-year. Revenue reached a record high of €5.62 billion.
Acquisition of Nova Sea
Mowi acquired the remaining shares of Nova Sea, a leading salmon farmer, for NOK 8.2 billion (€694 million). The acquisition is expected to add significant synergies and increase harvest volumes to 600,000 tonnes by 2025.
Sustainability Recognition
Mowi was ranked the world's most sustainable animal protein producer by the Coller FAIRR Initiative for the sixth consecutive year.
Strong Performance in Consumer Products and Feed
Consumer Products achieved a record operational profit of €53 million, while Mowi Feed also reached record highs with an operational EBITDA of €21 million in Q4 and €62 million for the year.
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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
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MHGVY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 12, 2025 | $19.51 | $19.20 | -1.59% |
| Nov 06, 2024 | $17.31 | $17.84 | +3.06% |
| Aug 21, 2024 | $17.59 | $17.60 | +0.06% |
| May 08, 2024 | $17.44 | $17.59 | +0.86% |
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.
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FAQ
When does Mowi ASA (MHGVY) report earnings?
Mowi ASA (MHGVY) is schdueled to report earning on May 14, 2025, TBA Not Confirmed.
What is Mowi ASA (MHGVY) earnings time?
Mowi ASA (MHGVY) earnings time is at May 14, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MHGVY EPS forecast?
MHGVY EPS forecast for the fiscal quarter 2025 (Q1) is 0.42.
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