Despite record high revenue, the world's largest salmon producer saw earnings falter in the second quarter of this year.
Operational earnings before interest, tax, depreciation and amortization (EBITDA) slipped 4.2 percent to €348 million (€30.2 million/$32.7 million) despite revenue rising 11 percent to €1.4 billion (€122 million/$131 million), an all-time quarterly high for Mowi.
Mowi harvested 107,500 metric tons of salmon in the quarter, above its guidance of 104,500 metric tons. Full-year harvest guidance for 2023 remains unchanged at a record high of 484,000 metric tons, equal to growth of 4.4
