Mowi's higher salmon production forecasts 'a positive surprise'

Salmon farming giant Mowi's higher full-year production forecast won mainly positive reviews from market analysts, and sent shares of the group climbing sharply on the Oslo Stock Exchange Wednesday.

Shares of Mowi were up 4.5 percent on the exchange late in the day after the group posted reported operational earnings before interest, tax, depreciation and amortization (EBITDA) of €178.2 million ($209.2 million), a 27 percent increase on the second quarter of last year.

Though Mowi's second-quarter harvest volumes were slightly below its guidance of 109,000 metric tons at 107,977, the company upped its harvest volume forecast for the full year by just over 1 percent -- from to 450,000 metric tons from 445,000 metric tons.