Mowi ASA FY2023 Annual Results: Record Revenue NOK 62.9 Billion, Harvest 480,000 Tonnes

Mowi ASA reported FY2023 full-year revenue of NOK 62.9 billion and total harvest volume of approximately 480,000 tonnes gutted weight — a record for the company. Elevated salmon spot prices in Europe and the Americas supported strong earnings despite rising feed and energy costs.

Mowi's record revenue and harvest volume in FY2023 confirmed Norway's dominant position in global salmon supply and demonstrated the pricing power that structured supply constraints (Traffic Light System, lice regulations) provide to Norwegian producers. These results set the benchmark that competing salmon producers in Chile, Canada, and UK aspire to match.