Mowi
Mowi ASA, formerly known as Marine Harvest ASA (until January 1, 2019), (Pan Fish prior to February 6, 2007), is a Norwegian seafood company with operations in a number of countries around the world. The company's primary interest is
fish farming, primarily
salmon, the operations of which are focused on Norway, Scotland, Canada, the
Faroe Islands, Ireland and Chile. The group has a share of 25 to 30% of the global
salmon and
trout market, making it the world's largest company in the sector. Mowi also owns a 'value added processing' unit, which prepares and distributes a range of seafood products, and a number of smaller divisions.
The company assumed its current form as a result of massive expansion in 2006, when Pan Fish ASA conducted an effective three-way
merger with
Marine Harvest N.V. and
Fjord Seafood. The group is headquartered in
Bergen and is listed on the
Oslo Stock Exchange where it is a constituent of the benchmark
OBX Index.
For 2023, the company reported revenue of €5.51bn (up 11% from 2022), net profit of €444.4m (down 43% from 2022) and a profit margin of 8.1% (down from 16% in 2022).
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