Q1 2020 Mowi ASA Earnings Presentation Transcript

Feb 14, 2024

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May 13, 2020 / 06:00AM GMT
Presentation
May 13, 2020 / 06:00AM GMT

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Corporate Participants
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* Ivan Vindheim
Mowi ASA - CEO
* Kim Galtung Dosvig
Mowi ASA - Head of Treasury & IR Officer
* Kristian Ellingsen
Mowi ASA - CFO

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Ivan Vindheim - Mowi ASA - CEO

Yes. Good morning, everyone. Welcome to the presentation of Mowi's first quarter results. My name is Ivan Vindheim. And with me today to present our financials, markets and harvest volumes, I have our CFO Kristian Ellingsen.

As usual, we start with highlights. First, profit, operational EBIT, our main figure, EUR 109 million in the quarter, in line with the trading update of the 20th of April.

I guess we should start describing the quarter as a very special quarter for Mowi and, I guess, for the world as a whole. We started with close to record-high prices at the beginning of the quarter. And as the COVID-19 pandemic escalated into a world pandemic of unprecedented character, we saw a sharp decline in prices. I

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