Mowi ASA - Company Profile
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Business Description
Mowi ASA (Mowi) is a producer and distributor of seafood. The company offers fresh and frozen salmon and other seafood. Its product portfolio includes whole fish, fillets, steaks and portions, smoked salmon, and ready-to-eat dishes including steaks, cutlets, loins, kebabs, and steak combos.
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R&D Overview
R&D activities of the company focus on developing new technologies, monitoring diseases and implementing safe and quality standards. It also focuses on identifying and implementing safe and sustainable alternative feed ingredients, and developing improved technological solutions for optimized processing, packaging and storage of its products. The company has R&D facilities in Norway, Scotland, US, Belgium, France, Spain, the Netherlands, Poland, and Taiwan. In FY2022, the company incurred expenses of EUR35 million on R&D, which as a percentage of revenue, stood at 0.7%.
Business Segments
Overview
Harvests and process (primary) the fish. Involved in processing activities and some filleting activities. Also markets its products to the retailers, secondary processors, and distributors.
Performance
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Overview
Involves in production of feed by using certain raw material, including fish oil, fish meal, soya, sunflower, wheat, corn, beans, peas and rape seed oil.
Performance
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Overview
Consumer Products division manages value added operations in Asia, Europe, and America.
Performance
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Overview
Markets division is involved in sales of primary processed products related to farming business. Also includes logistics and delivery services and secondary processing activities.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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