Norwegian salmon giant Mowi harvested 125,500 metric tons of salmon in the first quarter of the year, beating its guidance by 7.8 percent.
In connection with the presentation of the fourth quarter 2020 results, Mowi had projected a total harvest volume of 116,000 metric tons in the first quarter.
Harvest volumes from Norway accounted for 75,000 metric tons, followed by Scotland with 18,500 metric tons, Canada with 10,500 metric tons, Chile with 19,500 metric tons, Ireland with 1,000 metric tons, and the Faroes also with 1,000 metric tons.
Operational earnings before interest and taxes (EBIT) for the group during the quarter was approximately €109 million ($131.5 million) – flat against the same quarter in 2020.
Operational EBIT in the company's Consumer Products division was €32 million ($38.6 million), while the Feed division posted a loss of €3 million ($3.6 million).
Blended farming cost per kilogram harvested was €4.20 ($5.10).
Norway achieved an operational EBIT per kilo of €1.00 ($1.20) in the quarter, in Scotland it was €1.45 ($1.80), Chile €0.40 ($0.48), Ireland €4.55 ($5.50) and the Faroes €0.50 ($0.60). Canada posted a loss per kilo of €0.35 ($0.42).
Mowi’s complete first quarter report will be released on May 19.