Scotland boosts strong Mowi Q1 performance
MOWI’S Scottish operations played a key role in the world’s largest salmon farming company announcing strong results for the first three months of this year.
The company reported a 2019 Q1 group operational EBIT of €196 million, considerably up from the figure of €158 million over the same period a year ago.
The operational EBIT from Scottish operations more than doubled from €16.1 million in Q1 2018 to €35.8 million this year.
Salmon of Scottish origin also achieved the best operational EBIT per kilo increase, up from €1.85 per kg in 2018 to €2.27 this quarter.
Salmon of Norwegian origin achieved an operational EBIT per kilo of € 2.07 (€2.26) while salmon of Canadian origin reported operational EBIT per kilo of €1.41 (€1.10). Salmon of Chilean origin reported operational EBIT per kilo of €1.47 (€1.36). Salmon of Irish origin had an operational EBIT per kg of €4.38 (€4.37).
Mowi Feed reported an operational EBIT of €-2.4 million (€ – 4.3 million). Mowi Consumer Products reported an operational EBIT of €5.8 million (€21.9 million)
Biological performance remains a top priority, but some areas are challenging.