Ivan Vindheim, Chief Executive Officer
Good morning, everyone—both in the room and online. Thank you very much for joining us this morning for the release and presentation of Mowi’s third quarter results for 2025.
My name is Ivan Vindheim, and I’m the CEO of Mowi. Together with our CFO, Kristian Ellingsen, I will guide you through the numbers and the key fundamentals this morning. We’ll do our best to add a few appropriate comments along the way. After the presentation, our analyst, Ole Petter Urheim, will host a Q&A session.
For those following the presentation online, you can submit your questions or comments in advance or as we go along via email. Please visit mowi.com for all necessary details.
Please note, the disclaimer is both long and extensive, so we recommend reviewing it independently.
With that out of the way, let’s move on to the highlights of the quarter.
General Overview
The third quarter, similar to previous quarters this year, was characterized by soft prices, a result of well-supplied markets. Notably, prices during the third quarter were even below industry cost.
Key Financials
For Mowi, this market environment translated into operating revenues of EUR 1.39 billion and an operational profit of EUR 112 million. This was achieved on record high harvest volumes of 166,000 tonnes, which was slightly above our guidance.
Otherwise, the third quarter continued to reflect the trends seen earlier this year.
Thank you for your attention, and we look forward to addressing your questions during the Q&A session.
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