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Mowi ASA (MHGVY)
OTHER OTC:MHGVY
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Earnings Data
Report Date
Feb 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.29Last Year’s EPS
$0.28Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -0.35%
|Next Earnings Date:Feb 12, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a balanced view with record-breaking revenue and growth metrics offset by higher farming costs and challenges in the Americas. While strong performances in Consumer Products and Feed divisions were highlighted, currency impacts and market challenges were discussed.Company Guidance
During the Mowi Q3 2024 earnings call, Ivan Vindheim, the CEO, highlighted several key metrics and guidance for the future. Mowi reported record operating revenues of EUR 1.44 billion and an operational profit of EUR 173 million for the quarter, driven by all-time high harvest volumes of 161,000 tons. The company is on track to achieve its target of 500,000 tonnes for 2024, with plans to increase this to 520,000 tonnes in 2025, aiming for 600,000 tonnes by 2029. Despite challenges like seasonal lice issues and high sea temperatures, the realized blended farming cost decreased to EUR 5.72 per kilo. The equity ratio stood at 48% with net interest-bearing debt reduced to EUR 1.77 billion. The board declared a quarterly dividend of NOK 1.50 per share. Mowi's growth rate of 4.8% CAGR surpasses the industry's 2.7%, indicating robust organic growth, while the operational EBIT margin remained strong at 12.6%. Looking ahead, the company expects the market to tighten, potentially improving pricing conditions.Record-Breaking Revenue and Growth
Mowi posted EUR 1.44 billion in operating revenues in the third quarter, driven by all-time high quarterly harvest volumes of 161,000 tons, marking a 5.3% year-over-year growth.
Strong Balance Sheet and Financial Metrics
Net interest-bearing debt reduced to EUR 1.77 billion, close to the long-term target of EUR 1.7 billion, with an equity ratio of 48% and an annualized return on capital employed of 13%.
Consumer Products and Feed Division Success
Consumer Products achieved a record high operating profit of EUR 44 million, while Mowi Feed reached an all-time high operational EBITDA of EUR 25 million.
Positive Outlook on Feed Costs and Market Balance
Feed prices decreased by 6% year-to-date, and a tighter market balance is expected in the coming months, which should positively impact price achievements.
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MHGVY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MHGVY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $17.31 | $17.84 | +3.06% |
| Aug 21, 2024 | $17.59 | $17.60 | +0.06% |
| May 08, 2024 | $17.44 | $17.59 | +0.86% |
| Feb 14, 2024 | $17.48 | $18.19 | +4.06% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Mowi ASA (MHGVY) report earnings?
Mowi ASA (MHGVY) is schdueled to report earning on Feb 12, 2025, TBA Not Confirmed.
What is Mowi ASA (MHGVY) earnings time?
Mowi ASA (MHGVY) earnings time is at Feb 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MHGVY EPS forecast?
MHGVY EPS forecast for the fiscal quarter 2024 (Q4) is $0.29.
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