Mowi ASA Stock

Mowi ASA produces and supplies farmed salmon for markets worldwide.

Business

The company is organized into three Business Areas: Feed, Farming, and Sales and Marketing.

Feed: This includes the company’s first feed plant, located in Norway.

Farming: This includes the company’s farming operations, some primary processing and filleting activities, in Norway, Scotland, Canada, Chile, Ireland and the Faroe Islands.

Sales and Marketing: Sales and marketing consist of the company’s secondary processing and value added operations in Europe, the U.S. and Asia, and sales, logistics and delivery of its products obtained from its farming operations.

Products

The company offers a selection of seafood, including whole gutted fish, fillets, and steaks to ready-to-eat products, such as smoked salmon and portioned fish.

Primary and Secondary Products

The company offers whole gutted fish, head on and head off, including Label Rouge salmon from Scotland and Norway and organic salmon from Ireland. The company also offers steaks, cutlets, portions, loins, kebabs, steak combos (steaks plus tail fillets); Salmon, white fish or other seafood; and other options as agreed with the customer.

Value Added Products

The company also offers breaded, pre-fried, dusted, marinated, grilled, battered, topped, filled with sauce, delicatessen product, fresh fish ready meals, and smoked fish.

Markets

The company’s main source of revenues is the sale of Atlantic salmon. Europe is by far the major market for its salmon, representing approximately 70% of its total revenues in 2017.

Strategy

The company focuses on being an integrated provider of proteins from the ocean, taking the lead in all key areas, from the production of fish feed to meeting the needs of the market.

History

The company was incorporated in Norway in 1992 pursuant to the Norwegian Public Limited Liability Companies Act. It was formerly known as Marine Harvest ASA and changed its name to Mowi ASA in January 2019.