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


Mowi consumer product: 'DucktrapCold Smoked Salmon Entrée'

Mowi reaches record volumes in the first quarter and highlights rise in prices due to strong demand

  (NORWAY, 5/21/2021)

"Although there are still extensive lockdown measures in place, out-of-home consumption has started to improve in some markets compared to the previous quarter," said Mowi CEO Ivan Vindheim.

A change in its trend was recorded by the Mowi salmon company in its results for the first quarter of the year. According to the information provided by the firm, during this period it reached record volumes in both production and consumption.

This, since it managed to harvest 125,000 tons of salmon, equivalent to a growth of 51% compared to the previous year, and sold 62,000 tons of products with added value, figures that the company highlighted in its financial report.

This also added to the behavior in the cost of production, which was reduced by 9% and which was due, according to the company, to large volumes and cost initiatives over time.

Meanwhile, in terms of operating income, these reached 1,022 million euros, while a year ago they obtained 885 million euros in the same quarter.

Although the salmon company sincerely stated that the first quarter was characterized by continuous blocking measures as a result of the effects of Covid-19, and a high growth in the global supply of salmon, they still highlighted that prices increased during the quarter due to the strong demand that has been experienced.

"Although there are still extensive lockdown measures in place, out-of-home consumption has started to improve in some markets compared to the previous quarter. Demand in the retail sector has remained very good, something that Mowi has capitalized on once again through of our integrated value chain, "said Mowi CEO Ivan Vindheim.

Likewise, the company said it believes that demand for salmon is on track "for a full recovery driven by increasingly less restrictive Covid-19 measures. Growth in retail salmon sales was 20-25% during the quarter, and This growth came from both new and existing customers. Mowi expects both customer groups to increase their retail consumption after Covid-19, even as the foodservice segment continues to reopen, " the company said.

Author: Camila Bohle S. / Diario Financiero (article available only in spanish)

editorial@seafood.media
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: norway@mowi.com
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
Aquaculture Innovation: Experts Address Hidden Challenges of Waterborne Feeding
Automation Revolutionizes Fish Processing: Working For or Against Your Business?
Pangasius Emerges as Strategic Protein Choice for Food Businesses Amid Shifting Consumer Demands
THAIFEX - ANUGA ASIA 2025 Drives Global Food & Beverage Dealmaking in Bangkok
From 'Mission Impossible' to Market Leader: Skretting China Pioneers Top-Quality RAS Feed for Domestic Salmon Boom
BioMar Norway Secures ASC Certification, Bolstering Sustainable Aquaculture Feed Supply
Wärtsilä Unveils Major Leap in Ammonia Engine Efficiency, Promises Near-Zero GHG Emissions for Shipping
Maruha Nichiro Forges Comprehensive Logistics and Business Partnership with SENKO Group Holdings
Ultra Fish Group Strengthens Market Position with Acquisition of Severny Kristall
Nomad Foods Navigates Retail Destocking and Inflation, Reports Q1 2025 Results with Strong Margin Expansion
Tackling FLAG Emissions: A Critical Step Toward Low-Carbon Aquaculture
Smoking success with digital control
Royal Greenland publishes its annual report for 2024
THAIFEX – ANUGA ASIA 2025: Driving Innovation & Global Opportunities in F&B for Asia Pacific
SalMar – Merger with Wilsgård AS and resolution to increase the share capital
Kawasaki Heavy Industries Unveils Sustainable Aquaculture Innovation to Boost Global Food Security
Simplify Feeding Operations with the New Fishtalk 5
Maersk's Logistics Trend Map Identifies Top Ten Disruptors Shaping Global Supply Chains
Supplying healthy and sustainable salmon
VIKING Achieves Record Revenue, Sets New Strategic Goals
More Articles...

Lenguaje
FEATURED EVENTS
  
TOP STORIES
New Mississippi Seafood Labeling Law to Require Restaurants to Distinguish Domestic and Imported Products
United States Measure, Effective July 1, Aims to Inform Consumers and Promote Local Production, Despite Concerns Over Potential Shortages. BILOXI, Mississippi –  Starting July 1, a new seafood...
Fisherman's Day: Beyond the Ritual
Peru Every June 29th, as tomorrow, Peru fervently celebrates Saint Peter's Day and —in honor of his profession— Fisherman's Day. This deeply symbolic date combines religious devotion to the apo...
Vietnam's Tuna Exports Rebound in May 2025 Amid Global Trade Shifts
Viet Nam Producers Navigate US Tax Concerns and Middle East Instability by Diversifying Markets. HANOI – After facing headwinds in early 2025, Vietnam's tuna exports saw a significant recovery in May, r...
Anchovy-Dominated Diets Threaten West Coast Salmon, Study Reveals Fatal Vitamin Deficiency
United States New Research Links Ocean Shifts to Thiamine Deficiency, Killing Half of Endangered Chinook Fry and Deepening Salmon Crisis. SAN FRANCISCO, CA – A widespread vitamin deficiency, triggered by an ...
 

Umios Corporation | 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 Aquaculture 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 - 2025 Seafood Media Group Ltd.| All Rights Reserved.   DISCLAIMER