Mowi

Mowi reports a Q2 2026 revenue record of EUR 1.60 billion and an operating profit of EUR 231 million (up 23% year‑on‑year), with operating earnings per share of EUR 0.28. Harvest volume reached a seasonal 150,000 tonnes, costs fell by 3.5% and helped offset weaker spot prices. The company cut its volume target to 600,000 tonnes for 2026 after selling Mowi Canada East, but still expects annual growth of 7.4% and sees limited supply growth as a price buffer. Risks remain in the form of price pressure, rising feed costs, biological problems mainly in Chile, and high net debt. » Altro su de.investing.com

Kepler Cheuvreux downgraded Mowi shares from 'Buy' to 'Hold' and cut the price target from 225 to 200 NOK. Despite a strong second quarter with an operating EBIT of €231m, Kepler cites increasing cost pressure, notably higher prices for fishmeal and fish oil. Kepler expects rising farming costs (+8% in 2027, +1% in 2028), lowered revenue and EBIT estimates for 2026–2027 as well as EPS forecasts significantly, and sees the risk-reward balance as increasingly skewed; the stock fell about 0.8%. » Altro su de.investing.com

Mowi reports preliminary operating EBIT of EUR 231 million in Q2 2026, up 23% year-on-year. Harvest volume reached a Q2 record of 150,000 tonnes, 13% above the year-ago quarter and well above the previously communicated guidance of 140,000 tonnes. Average farming costs fell to EUR 5.21/kg (previously EUR 5.39/kg), which, together with the volume increase, boosted the share price by around 3.3% to NOK 194.7; the full Q2 report is expected on 18 August. » Altro su de.investing.com