Q4 2020 Mowi ASA Earnings Presentation Transcript

Feb 17, 2021 / 07:00AM GMT
Presentation
Feb 17, 2021 / 07:00AM 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

Good morning, everyone, and welcome to the presentation of Mowi's fourth quarter results 2020. My name is Ivan Vindheim. I'm the CEO of Mowi, and with me today to present the financial figures and the fundamentals, I have our CFO, Kristian Ellingsen.

As usual, we start with highlights. The operational EBIT of EUR 49 million was in line with the trading update we released on the 17th of January. The second wave of COVID-19 has obviously had a high impact on our numbers this quarter through significantly lower prices. The shortfall we have seen in the very important foodservice market has not been fully offset by the fantastic growth we have seen in the retail market. The net effect, approximately 5%. Retail market up by

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