Mowi ASA (OSE:MOWI): Q4 2020 Trading update

Harvest volumes Q4 2020 (1)

Farming Norway	78.5 thousand tonnes
Farming Scotland	13.0 thousand tonnes
Farming Canada	12.5 thousand tonnes
Farming Chile	20.5 thousand tonnes
Farming Ireland	1.0 thousand tonnes
Farming Faroes	1.5 thousand tonnes
Total	127.0 thousand tonnes

In connection with the presentation of the Q3 2020 results, Mowi ASA guided a total harvest volume of 128.9 thousand tonnes (GWE) for Q4 2020.

Note:
(1) The harvest volumes are provided in gutted weight equivalents (GWE). The figures include salmonid species only.

Additional information

Operational EBIT for the Group was approximately EUR 49 million in Q4 2020 (EUR 166 million in Q4 2019). Blended Farming cost per kg harvested was EUR 4.28, a reduction from EUR 4.40 in Q4 2019. Blended Farming cost for the third quarter 2020 was EUR 4.23 per kg.

Total Operational EBIT per kg through the value chain was approximately as follows:

Norway	EUR	0.75
Scotland	EUR	1.55
Canada	EUR	-1.10
Chile	EUR	-0.50
Ireland	EUR	2.60
Faroes	EUR	-0.75

Operational EBIT in Consumer Products was EUR 35 million and Feed EUR 14 million in Q4 2020.

Reported financial net interest-bearing debt (NIBD) was approximately EUR 1 460 million at the end of the quarter (excluding IFRS 16 effects).

The complete Q4 2020 report will be released on 17 February at 06:30 CET.

Please refer to the Annual Report for detailed descriptions and reconciliations of non-IFRS measures such as Operational EBIT and NIBD.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.