Foodservice Recovery, Strong Salmon Demand Propels Mowi in Q2
Mowi achieved stronger earnings in the second quarter of 2021 behind improved salmon demand and foodservice demand recovering as COVID-19 restrictions were lifted.
The salmon farming giant reported an operational EBIT of EUR 137 million (US $161 million) in the second quarter of 2021, compared with EUR 99 million in the corresponding quarter of 2020.
Mowi said spot prices jumped 18% in Europe and close to 50% in the Americas in the quarter. The company also adjusted its harvest volume guidance higher from 445,000 GWT to 450,000 GWT...
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