Welcome   Sponsored By
Subscribe | Register | Advertise | Newsletter | About us | Contact us
If you would like to send us an article, contact Margaret Stacey
   


Mowi ranked #1 on sustainability amongst food producers

Mowi announces record year, breaking £1bn in operating profit

  (NORWAY, 2/21/2023)

Mowi achieved a “record-high” year in 2022, with its global, full-year operating profit exceeding €1bn for the first time.

  • The salmon giant published its annual report last week, which also reported it had an annual revenue of €5bn.
  • The company harvested a total of 446,000 tonnes of fish in 2022, some 4,000 more than guided a year ago.

However, it warned that policy changes made by the Norwegian government and the decision to impose a resource rent tax on aquaculture may slow growth in the coming years.

“The Norwegian government’s proposal for an effective tax level of 62% for the Norwegian salmon-farming industry, or approximately 80% with Norwegian wealth tax, will completely undermine future growth prospects for coastal Norway’s most critical industry,” said Mowi CEO Ivan Vindheim.

Mowi employs one in 300 of the Norwegian workforce, and has warned that “it is their livelihoods as well as future job creation that are being put in peril”.

Harvest volume guidance of 484,000 tonnes for 2023 represents an all-time high level and includes volumes from Mowi’s newest subsidiary, Arctic Fish in Iceland. This equals volume growth of as much as 109,000 tonnes in five years, the brand has claimed.

Mowi Consumer Products also performed strongly, with an annual operating profit of €112m and volumes of 229,000 tonnes product weight.

Mowi Norway grown 84,000 GWT organically over the past 5 years to record-high 294,000 GWT in 2022

“Mowi will further enhance our value proposition downstream in the years to come and our branding strategy, with its ultimate goal of de-commoditising the salmon category, plays a key part in this context,” Vindheim said.

The salmon brand’s feed business increased by 7% volume from 2021, reaching 515,000 tonnes for the year. This performance was described as of “paramount importance” to the large salmon feeder.

“I would like to express my enormous appreciation to all of my 11,500 colleagues in the organisation without whose dedication and hard work these milestone results would not have been possible,” said Vindheim.

Author/Source: Grace Duncan / The Grocer

Related news:

[email protected]
www.seafood.media


Information of the company:
Address: Stortingsgaten 8
City: Oslo
State/ZIP: (N-0161)
Country: Norway
Phone: +47 21 56 20 00
Fax: +47 21 56 20 01
E-Mail: [email protected]
Skype: https://www.instagram.com/mowiglobal/
More about:


Location:

View Larger Map


Approval / Accreditation / Certified / Oversight by...
HACCP  Organic Soil Assoc/UK  E.U.  USDA/USDC & FDA  RF (Russia)  EFSIS/European Food Safety Inspection Service 



 Print


Click to know how to advertise in FIS
MORE ARTICLES
Marel is Transforming Tuna Processing
Beaver Street Fisheries Partners with iFoodDS on Seafood Traceability Initiative
Blue Star Foods to Enhance Soft Shell Crab Shedding Operations with Artificial Intelligence and UV Light Technology
Norwegian Land-based Fish Farmer Bue Salmon has Harvested its First 514 Tonnes of Table-sized Fish
American Industrial Partners to Acquire Aker Biomarine's Feed Ingredients Business
ASC’s Growing Impact Comes to Life in New Visual Dashboard
American Seafoods Reaffirms Focus on Business and Growth Prospects
Frime Launches the First and Only Marinated Tuna Suitable for Raw Consumption
Naturally Sublime Caviar
North Coast Seafoods Launches New 100% Recyclable Packaging
Acme Smoked Fish Debuts Innovative New Products & Packaging
Long John Silver’s Partners with Leading Tech Innovators to Transform Customer Engagement
Discovery Tour to Showcase Responsible Salmon Farming in Norway
Skretting Introduces New Feed Formulation Concept
FDO Showcases Range of Seafood Products at HORECA Oman 2024
Atlantic Sapphire Further Reduces Carbon Footprint by Joining Esteemed FPL Solar Together Program
GSA Launches BAP Consumer Websites in French and German
High Liner Foods Invests US$10M in Andfjord Salmon
Blue Star Foods Reports 19% Growth to U$2.3 M Revenue for First Quarter Ended March 31
Filetfabrikken is Ready for the Future of Fish Processing
More Articles...

Lenguaje
FEATURED EVENTS
  
TOP STORIES
Southeast Pacific Squid Index: Giant squid (dosidicus gigas)
China In order to continuously enhance the ability to control squid resources and price influence, and conduct more accurate resource assessment and forecasting, the China Ocean Fisheries Association&n...
The Tuna Fleet Will End 2024 Using 40% Biodegradable Materials in the Construction of Its Fishing Devices
Spain The Spanish tuna fleet, grouped in the Organization of Associated Producers of Large Freezer Tuna Vessels (OPAGAC), plans to end 2024 with 40% biodegradable materials in the construction of the FADs (...
U.S. Shrimp Imports May Increase in 2024
United States Shrimp imports into the US market began to increase from May, despite preliminary regulations on anti-subsidy and anti-dumping taxes applied to exporting countries. According to data from the Nationa...
Squid Fishing Floods Chinese Market, Import Volume Reaches Historic High!
China In May 2024, China imported 12,542 tons of frozen Argentine squid, with prices falling significantly. According to Chinese customs data, in May 2024, China imported 12,542 tons of frozen squid from A...
 

Maruha Nichiro Corporation
Nichirei Corporation - Headquarters
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation - Wartsila Group Headquarters
ITOCHU Corporation - Headquarters
BAADER - Nordischer Maschinenbau Rud. Baader GmbH+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Sea Harvest Corporation (PTY) Ltd. - Group Headquarters
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
AquaChile S.A. - Group Headquarters
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods, Inc
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO - Food and Agriculture Organization - Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Brim ehf (formerly HB Grandi Ltd) - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Grupo Pereira Headquarters
Costa Meeresspezialitäten GmbH & Co. KG
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Mowi ASA (formerly Marine Harvest ASA) - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. - Headquarters
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
CJ Corporation  - Group Headquarters
Greenpeace International - The Netherlands | Headquarters
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
NOREBO Group (former Ocean Trawlers Group)
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation - Headquarters
Cooke Inc. - Group Headquarters
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart | Wal-Mart Stores, Inc. (Supermarket) - Headquarters
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2024 Seafood Media Group Ltd.| All Rights Reserved.   DISCLAIMER