Story
Mowi Shares Rise on Record Harvest Volume and Strong Q2 Profit Outlook
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.
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