Story
Mowi Shares Rise on Record Harvest Volume and Strong Q2 Profit Outlook
Summary
Shares of the world's largest Atlantic salmon producer, Mowi, gained after the company released a preliminary Q2 trading update revealing record harvest volumes and a 23% increase in operational profit.
Shares of Mowi (MOWI.OL) rose 3.3% to NOK 194.7 on Monday after the world's largest Atlantic salmon producer published a highly positive preliminary trading update for the second quarter of 2026. The company reported a significant increase in operational earnings and a record quarterly harvest, signaling strong operational momentum ahead of its full financial report.
Preliminary Results Exceed Forecasts
Mowi announced that its operational earnings before interest and taxes (EBIT) for Q2 are expected to be approximately EUR 231 million, a 23% increase from the EUR 189 million reported in the same quarter of 2025. This outperformance was driven by a combination of higher volumes and improved cost efficiency.
Key figures from the trading update include:
- Record Harvest Volume: The company harvested 150,000 tonnes of salmon, a record for any second quarter in its history and a 13% increase year-over-year.
- Guidance Beat: The harvest volume comfortably surpassed Mowi's previous guidance of 140,000 tonnes.
- Cost Reduction: Blended farming cost per kilogram declined to EUR 5.21, down from EUR 5.39 in the second quarter of 2025.
AdMarket Reaction and Context
The stock's advance was a direct response to the strong operational metrics, which investors interpreted as a sign of accelerating performance. The combination of beating volume forecasts while simultaneously lowering unit costs amplified the positive earnings outlook.
The rally appeared to be company-specific, as no equivalent trading updates were released by Mowi's main competitors on the Oslo Stock Exchange, such as SalMar and Lerøy Seafood. Mowi is scheduled to release its complete Q2 2026 financial report on August 18.
Read next
More on Stocks
Weil, Gotshal & Manges Reportedly Explores Merger Options Following Partner Exits
The prominent law firm is reportedly considering a potential merger and other strategic options after a series of high-profile M&A partner departures, according to a Bloomberg News report.
SpaceX Weighting in Nasdaq 100 to More Than Double to 2.82% in Rebalance
The aerospace company's weighting in the tech-heavy index will jump from 1.28% to 2.82% in a quarterly adjustment, a move that will force passive funds and ETFs to purchase billions of dollars in stock.
US Treasury Secretary Bessent to Meet China's Vice Premier He Lifeng in New York
U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng are set to meet on Sunday at JPMorgan's headquarters to discuss economic issues, including AI security and trade, ahead of a presidential summit.
US Judge Signals Rejection of Key Part of TikTok's $400 Million Privacy Settlement
A federal judge has indicated he will likely reject a crucial component of a $400 million settlement between TikTok, its parent ByteDance, and the U.S. Justice Department, casting doubt on the resolution of a children's privacy lawsuit.