Earnings Alerts

Mowi ASA (MOWI) Earnings Update: Improved 2Q Results despite Challenging 1Q, Dividend per Share at NOK1.50

• Mowi reported a challenging first quarter primarily due to winter sores, string jellyfish and a harsh winter in Norway.

• This resulted in the Mowi 1Q dividend per share being NOK1.50.

• However, the conditions and situation in Norway have shown significant improvements in the second quarter.

• Mowi’s operations in other farming regions abroad have reported good biological results for the same quarter according to Vindheim.

• The current ratings stand at 12 buys, 2 holds, and 1 sell.


A look at Mowi ASA Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth5
Resilience3
Momentum4
OVERALL SMART SCORE3.6

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Analysts at Smartkarma have given Mowi ASA an overall positive long-term outlook based on their Smart Scores evaluation. With strong scores in Growth and Momentum, Mowi ASA is positioned favorably for future expansion and market performance. The company’s ability to grow and maintain momentum in the market bodes well for its future prospects.

Mowi ASA, a global player in the salmon industry, has been rated positively for its growth potential and market momentum. Operating in key markets like Canada, Norway, and Scotland, Mowi ASA sells its products worldwide through established sales channels. This, coupled with its solid performance in growth and momentum, signifies a promising outlook for the company’s future.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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