Stock Analysis

Mowi Full Year 2023 Earnings: In Line With Expectations

Simply Wall St

March 26, 2024

Mowi (OB:MOWI) Full Year 2023 Results

Key Financial Results

Revenue: €5.51b (up 11% from FY 2022).
Net income: €444.4m (down 43% from FY 2022).
Profit margin: 8.1% (down from 16% in FY 2022). The decrease in margin was driven by higher expenses.
EPS: €0.86 (down from €1.51 in FY 2022).

revenue-and-expenses-breakdown — OB:MOWI Revenue and Expenses Breakdown March 26th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Mowi Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

The primary driver behind last 12 months revenue was the Markets segment contributing a total revenue of €3.84b (70% of total revenue). Notably, cost of sales worth €2.98b amounted to 54% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to €586.7m (28% of total expenses). Explore how MOWI's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Food industry in Norway.

Performance of the Norwegian Food industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Mowi.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.