Mowi ASA (OTCPK:MHGVY)

$ 18.21 0.27 (1.51%) Market Cap: 9.42 Bil Enterprise Value: 12.04 Bil PE Ratio: 21.35 PB Ratio: 2.44 GF Score: 93/100

Q1 2022 Mowi ASA Earnings Call Transcript

May 11, 2022 / 06:00AM GMT

Release Date Price: $24.51 (-1.84%)

Transcript

Ivan Vindheim

Mowi ASA - CEO

Good morning, everyone. My name is Ivan Vindheim, I'm the CEO of Mowi. And it's my pleasure to wish you all welcome to the presentation of Mowi's First Quarter Results of 2022. With me today to walk us through our financial figures and fundamentals, I have, as usual, our CFO, Kristian Ellingsen. And after a presentation, our IRO will host a Q&A session. For those of you who are following the presentation on webcast can submit your questions in advance or as we go along via e-mail. Please refer to our website at mowi.com for the necessary details. The disclaimer, I think will leave for self-study.

Then highlights. The prices we saw towards the end of last year, they continued into the first quarter, i.e., they were increasing on lower season supply and the global supply contraction of 7% year-over-year and not least, a continued strong demand, partly driven by Lent and Easter season. And in case of the latter, notwithstanding spillover effects from the war in Ukraine and still some scattered pandemic restrictions in some markets. Against this backdrop, Mowi

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