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Marine Harvest ASA (MHGVY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Mowi's investments and its vertically integrated business model will help sustain the company's competitive advantages over its competitors. Read more.

Mowi ASA (OTCPK:MHGVY) Q3 2022 Earnings Conference Call November 09, 2022 02:00 AM ET Company Participants Ivan Vindheim - CEO Kristian Ellingsen - CFO Kim Dosvig - IR Officer Conference...

The Board of Mowi ASA has resolved on 8 November 2022 to make a quarterly distribution to shareholders of NOK 1.70 per share in the form of an ordinary dividend. Mowi ASA’s shares listed on the Oslo Stock Exchange will be traded including dividend up to and including 17 November 2022. Mowi ASA’s shares listed on the Oslo Stock Exchange will be traded excluding dividend from and including 18 November 2022. Mowi ASA’s shares listed on the Oslo Stock Exchange will have a Record Date of 21 November

(Bergen, 9 November 2022) Mowi recorded record-high revenues of 1 257 million euros in the third quarter of 2022. Operational profit was 240 million euros, compared with 131 million euros in the corresponding quarter of 2021. Despite another set of new operational and financial records for Mowi, the third quarter was unfortunately overshadowed by the Norwegian government’s proposed resource rent tax of 40% on salmon farming, or 62% including corporate tax. “The aquaculture industry is of great i

The following slide deck was published by Mowi ASA in conjunction with their 2022 Q3 earnings call.

Mowi ASA hereby invites you to the presentation of the results for the third quarter 2022 at Hotel Continental, Stortingsgaten 24/26, 0117 Oslo, Norway. The results will be presented in English through a live webcast followed by a Q&A session. Participants will have the opportunity to submit questions online throughout the webcast session. The webcast will be available on http://www.mowi.com/investors/reports/ A recording of the webcast will be made available on our website immediately afterward

Mowi is pleased to announce that we have entered into a share purchase agreement to acquire 51.28% of the shares in Arctic Fish. Arctic Fish is one of the leading salmon farmers in Iceland, situated in the West Fjords with favorable conditions for salmon farming. The company is listed on Euronext Growth Oslo and the acquisition price is NOK 115 per share amounting to NOK 1.88 billion or EUR 181 million. Arctic Fish has licenses for 10 ASC approved sites in total, providing a maximum allowed biom

Harvest volumes Q3 2022 (1) Farming Norway87.5 thousand tonnesFarming Scotland14.5 thousand tonnesFarming Chile17.0 thousand tonnesFarming Canada11.0 thousand tonnesFarming Ireland2.0 thousand tonnesFarming Faroes2.0 thousand tonnesTotal134.0 thousand tonnes In connection with the presentation of the Q2 2022 results, Mowi ASA guided a total harvest volume of 131 thousand tonnes (GWE) for Q3 2022. Note:(1) The harvest volumes are provided in gutted weight equivalents (GWE). Additional information

In light of the Norwegian government’s proposal for a 40% resource tax on Norwegian aquaculture, and a resulting total tax of 62%, Mowi is cancelling its acquisition of 914 tonnes MAB for a total value of NOK 183 million. The government’s tax proposal means that Mowi can no longer justify the purchase price. Mowi respectfully advises the government to reconsider its resource tax proposal. The aquaculture industry is of great importance for the future of Norway and it is in the nation’s best inte