Mowi Asa (MNHVF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

I think that sets the mood. Good morning, everyone, and welcome to the presentation of Moe's first quarter results of 2026. Both to those of you physically present in the room here this morning at the Salmon, our combined exhibition center and fish restaurant at Aker Brygge in the heart of Oslo, and to those of you following the presentation online across the world. And to those of you physically present in the room, I hope you have all settled in well, had something to drink, grabbed a bite to eat, a bite of some of our delicious Moet salmon. And to those of you following the presentation online, I hope you have made yourself comfortable so you can follow along at your leisure. Otherwise, my name is Ivan Vindheim, and I'm the CEO of Moet. Together with our CFO, Christian Ellingsen, I will take you through the numbers and fundamentals this morning, and to the best of my and our ability, add a few appropriate comments to them. And after the presentation, our IRO, Kim Dresvik, will routinely host a Q&A session. For those of you who are following the presentation online, you can submit your questions or comments in advance, or as we go along, by email. Please refer to the website at movi.com for the necessary details. The disclaimer is both long and extensive. I think we leave it for self-study, as we usually do. So for the pleasantries, the practicalities, and the disclaimer out of the way, I think already for the highlights of the quarter. A quarter which was characterized by very high industry supply growth of 14% when adjusted for inventory drawdowns during the quarter. Validated by an exceptionally good growth in the sea last year. I also think it's fair to say that this year is off to a good start as well in terms of seawater growth. Although we haven't reached th...