Nov 04, 2020 / 07:00AM GMT
Presentation
Nov 04, 2020 / 07:00AM GMT
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Corporate Participants
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* Ivan Vindheim
Mowi ASA - CEO
* Kim Galtung Dosvig
Mowi ASA - Head of Treasury & IR Officer
* Kristian Ellingsen
Mowi ASA - CFO
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Ivan Vindheim - Mowi ASA - CEO
Yes. Good morning, everyone, and welcome to the third quarter results and the presentation of it.
With me today, I have our CFO, Kristian Ellingsen, he will walk through the financial figures and the fundamentals. My name is Ivan Vindheim. As usual, we start with the highlights. EBIT, EUR 80 million, in line with the trading update. Q3 was a quarter highly impacted by COVID-19 restrictions and our seasonal high supply, which put pressure on salmon prices.
The shortfall, we have seen in the foodservice market, has not been fully offset by the strong growth we have in retail sales. According to our intelligence, the net effect is approximately 5% to 10% negative.
Despite that, Mowi's operations have been
Q3 2020 Mowi ASA Earnings Presentation Transcript
Feb 14, 2024
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