Mowi

"Pan Fish" redirects here. For the types of game fish, see Panfish.
Mowi ASA
Company typeAllmennaksjeselskap
OSE: MOWI
IndustrySeafood, food processing
Founded2006 (current structure)
HeadquartersBergen, Norway
Key people
Ivan Vindheim (CEO), Ole Eirik Lerøy (Chair), Leif Frode Onarheim (Deputy chair)
ProductsFarmed salmon and trout, processing and distribution of seafood
RevenueNOK 27.88 billion (2015)[1]
NOK 1.42 billion (2015)[1] Harvest volume of salmonids, tonnes gutted weigh: 420 148 (2015)
Total assetsNOK 40.26 billion (end 2015)[1]
Total equityNOK 18.18 billion (end 2015)[1]
Number of employees
12,454 (2015)[1]
Websitewww.mowi.com

Mowi ASA, known as Marine Harvest ASA until January 1, 2019[2] and as Pan Fish prior to February 6, 2007,[3] 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,[4][5] making it the world's largest company in the sector.[4][6] 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.[7] The group is headquartered in Bergen and is listed on the Oslo Stock Exchange where it is a constituent of the benchmark OBX Index.[8]

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).[9]

  1. ^ a b c d e "Annual Results 2015" (PDF). Marine Harvest. Retrieved 5 June 2016.
  2. ^ "NewsWeb". newsweb.oslobors.no. Retrieved 2019-01-08.
  3. ^ "MHG - New name and ticker today". Stocklink. 2007-02-06. Archived from the original on 2007-05-28. Retrieved 2007-08-15.
  4. ^ a b "Annual Report 2006" (PDF). Marine Harvest. Retrieved 2007-08-15.
  5. ^ Stepek, John (2006-07-10). "What do oil, salmon and plastic bags have in common?". Money Week. Archived from the original on 1 December 2008. Retrieved 8 October 2010.
  6. ^ "Chefs and food critics treated to Norwegian halibut". Norway - the official site in the UK. Archived from the original on 2007-07-14. Retrieved 2007-08-15.
  7. ^ "Pan Fish ASA: First quarter 2006 - Foundation for the world's leading aquaculture company is laid" (Press release). Pan Fish ASA. 2006-05-31. Archived from the original on 2016-01-17. Retrieved 2007-08-15.
  8. ^ Oslo Stock Exchange. "OBX". Archived from the original on 2008-09-13. Retrieved 2008-11-01..
  9. ^ "Mowi Full Year 2023 Earnings: In Line With Expectations". Simply Wall. Archived from the original on 2024-03-31. Retrieved 2024-03-31.