Mowi Group, the world's largest producer of Atlantic salmon, is today holding a Capital Market Day where the company will present its strategic and financial plans to investors, analysts, and other stakeholders, providing an update on its performance and future projections.
The event is being held in Trøndelag, Norway, with the participation of Mowi's CEO, Ivan Vindheim, alongside other senior company executives, who will detail key strategies for the coming years. One of the central points will be the increase in salmon production, from the current 500,000 tonnes to 600,000 tonnes by 2029. This growth will be supported by technological innovations, such as the implementation of postsmolt technology, which will enable better fish survival rates and increased productivity.
Through this strategy, Mowi Group's long-term financial outlook is highly optimistic, with projected annual revenue growth of 7 to 8% over the next few years.
Additionally, Mowi will take this opportunity to highlight its cost optimisation strategy, through which it aims to achieve a significant reduction of between EUR 300 and 400 million. This goal will be achieved through a series of initiatives focused on automation, digitalisation, and improved operational efficiency across the entire value chain.
In addition to the productive and financial aspects, the event will emphasise Mowi's commitment to sustainability. The company will present progress in its approach to more responsible and environmentally friendly aquaculture, highlighting how Smart Farming technologies are revolutionising fish welfare and improving health monitoring.
Revenue growth projections will also be shared, with a target of EUR 8.5 billion by 2029, driven by increasing global demand for sustainable proteins.
Alongside these plans, the company will continue to expand its consumer products and feed divisions. This includes expanding secondary processing operations across its more than 20 plants worldwide, as well as the need to produce feed.
In terms of strategic acquisition goals, Mowi does not rule out the acquisition of other companies within the sector or those related to technologies that complement its value chain, further strengthening its leadership position in the industry.
As explained by Mowi Group, market prospects are favourable, with consumers showing an increasing interest in healthier and more sustainable proteins, which continues to drive growing demand for salmon every day.
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