Mowi harvested 64,500 gwt in Scotland last year
Mowi Scotland harvested 12,000 gutted weight tonnes of salmon in the fourth quarter of last year and 64,500 gwt for the whole of 2021, it said in a market update today.
The Norwegian company harvested 115,000 gwt in total in Q4, 11,000 gwt more than guided in its Q3 2021 report.
The harvest distribution was:
- Farming Norway - 71,000 gwt
- Farming Scotland - 12,000 gwt
- Farming Canada - 10,000 gwt
- Farming Chile - 16,500 gwt
- Farming Ireland - 1,500 gwt
- Farming Faroe Islands - 4,000 gwt
In total for the whole of 2021, the Mowi Group harvested 466,000 gwt. It was distributed as follows:
- Farming Norway - 273,000 gwt
- Farming Scotland - 64,500 gwt
- Farming Canada - 45,500 gwt
- Farming Chile - 66,000 gwt
- Farming Ireland - 7,000 tonnes
- Farming Faroe Islands - 10,000 gwt
Operational EBIT for the group was approximately €146 million in Q4 2021 (€49m in Q4 2020).
Production cost per kilo of fish was €4.62 against €4.59 in the preceding quarter.
Mowi's operating EBIT was negatively impacted by €8m related to extraordinary mortality in Eastern Canada. This affected the total margin in the quarter by €0.07 / kg.
Total operational EBIT per kg throughout the value chain was approximately as follows:
- Norway - €1.75
- Scotland - €0.60
- Chile - €0.65
- Canada - €0.05 (Western Canada €1.05)
- Ireland - €0.95
- Faroe Islands - €1.40
Operational EBIT in Consumer Products, which includes a factory at Rosyth in Fife, Scotland was €26m (€35m in Q4 2020) and operational EBIT for Feed, which includes a feed mill at Kyleakin, Skye, Scotland was €8m in Q4 2021 (€14m in Q4 2020).The reported net interest-bearing debt was approximately €1.26 billion at the end of 2021.
The full Q4 2021 report for Mowi will be released on February 16.
