Mowi on course for a strong future

Cost controls, biological improvements and government inquiries

2018 was a year of strict cost control to match lower salmon harvest volumes and a dedication to improving biologicals. Fortunately, necessary and tough decisions have reset Mowi Scotland towards sustainability.

Cost and fish performance

Mowi’s group results for 2018 have now been made public, with Scotland showing good performance despite a very challenging year. This result and longer- term sustainable outlook would not have been possible without far-reaching changes made to the business.

Despite critical cost-cutting initiatives, key business improvement investments into Scotland of more than £200m continued throughout the year. The money for these investments came from our own earnings but also a loan from our parent company. This effectively putting the wealth back into Scotland and protecting our investment for the future.

Our success is due to the hard work and contribution of our employees, and the way they apply their skills, experience, and knowledge every day. This year will be our biggest year yet, with expected volumes of over 60,000 tonnes. I look to all of us to continue down the course we have set to improving costs and fish biologicals.

Government inquiries

Last year also saw two government-led inquiries take place in response to some angling groups requesting a moratorium on our business.

While I believe our sector has been vindicated by the inquiries’ conclusions – finding no evidence to support a moratorium, but rather a recommendation of responsible growth – I am concerned that some opinions stated at the hearings linger as fact.

Bluntly put, evidentiary hearings should bear witness to proof and fact, not conjecture and speculation.

This said Mowi has publicly stated its support for the 65 recommendations made by the Scottish Parliament’s Rural Economy and Connectivity (REC) Committee. Some recommendations have already been acted on by our company (wrasse culture, sea lice reporting and wild fish sector collaboration, for example) and the Scottish Government’s Farmed Fish Health Framework has been embraced by the sector.

We look forward to moving ahead with other recommendations such as improved data reporting, sensitive site relocations, and other recommendations that follow the general principle of “good growth” supported by strong fish biologicals and community support.

“I look forward to sharing with you our initiatives, challenges and successes throughout 2019” Ben Hadfield, Managing Director.

Editor: AquacultureList

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