MOWI BRETAGNE : revenue, balance sheet and financial ratios

MOWI BRETAGNE is a French company founded 29 years ago, specialized in the sector Transformation et conservation de poisson, de crustacés et de mollusques. Based in LANDIVISIAU (29400), this company of category ETI shows in 2022 a revenue of 72.6 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-05-09

Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy

Financial history - MOWI BRETAGNE (SIREN 411795610)
Indicator 2022 2021 2020 2019 2018 2017 2016 2013
Revenue 72 635 327 € 40 920 755 € 29 841 257 € 38 151 379 € 66 120 945 € 95 956 080 € 89 795 561 € 123 118 609 €
Net income -1 788 040 € -9 513 136 € -17 094 649 € -13 379 901 € -251 724 € -1 363 087 € -1 936 546 € -25 762 243 €
EBITDA -552 343 € -6 627 424 € -13 088 625 € -22 731 741 € -16 300 720 € 1 838 181 € -870 951 € -5 485 288 €
Net margin -2.5% -23.2% -57.3% -35.1% -0.4% -1.4% -2.2% -20.9%

Revenue and income statement

In 2022, MOWI BRETAGNE achieves revenue of 72.6 M€. Revenue is declining over the period 2013-2022 (CAGR: -5.7%). Vs 2021, growth of +78% (40.9 M€ -> 72.6 M€). After deducting consumption (54.7 M€), gross margin stands at 17.9 M€, i.e. a rate of 25%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -552 k€, representing -0.8% of revenue. Positive scissor effect: EBITDA margin improves by +15.4 pts, sign of improved operational efficiency. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -1.8 M€ (-2.5% of revenue), which will impact equity.

Revenue (2022) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

72 635 327 €

Gross margin (2022) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

17 914 250 €

EBITDA (2022) ?
Gross Operating Surplus (EBITDA)
Definition
Resources generated by current operations, before depreciation and financial expenses.
Formula
Value added - Personnel expenses - Taxes
Interpretation
Positive = profitable activity

-552 343 €

EBIT (2022) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-2 435 806 €

Net income (2022) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

-1 788 040 €

EBITDA margin (2022) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

-0.8%

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Chart evolution

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Assets

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Liabilities

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Solvency and debt ratios

The debt ratio (= Financial debt / Equity x 100) stands at 175%. Critical situation: debt significantly exceeds equity, severely limiting borrowing capacity and exposing the company to default risk. Financial autonomy (= Equity / Total assets x 100) reaches 27%. The balance between equity and debt is satisfactory.

Debt ratio (2022) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

174.907%

Financial autonomy (2022) ?
Financial autonomy
Definition
Share of equity in the company's total financing.
Formula
(Equity / Total assets) x 100
Interpretation
> 30% : Good autonomy
20-30% : Average
< 20% : Low

27.265%

Cash flow / Revenue (2022) ?
Cash flow / Revenue
Definition
Self-financing capacity relative to revenue.
Formula
(CAF / CA) x 100
Interpretation
The higher the ratio, the more cash the company generates

-4.049%

Repayment capacity (2022) ?
Repayment capacity
Definition
Number of years needed to repay debts with cash flow.
Formula
Financial debt / Cash flow
Interpretation
< 3 years : Excellent
3-5 years : Fair
> 5 years : Warning

-10.596

Asset age ratio (2022) ?
Asset age ratio
Definition
Measures the degree of wear of tangible assets.
Formula
Accumulated depreciation / Gross fixed assets x 100
Interpretation
< 50% : Recent assets
50-70% : Normal wear
> 70% : Aging assets

75.8%

Solvency indicators evolution
MOWI BRETAGNE

Sector positioning

Debt ratio
174.91 2022
2020
2021
2022
Q1: 3.74
Med: 33.74
Q3: 104.29
Average +56 pts over 3 years

In 2022, the debt ratio of MOWI BRETAGNE (174.91) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.

Financial autonomy
27.27% 2022
2020
2021
2022
Q1: 18.29%
Med: 39.3%
Q3: 60.63%
Average +11 pts over 3 years

In 2022, the financial autonomy of MOWI BRETAGNE (27.3%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.

Repayment capacity
-10.6 years 2022
2020
2021
2022
Q1: 0.0 years
Med: 1.19 years
Q3: 3.23 years
Excellent

In 2022, the repayment capacity of MOWI BRETAGNE (-10.60) ranks in the bottom 25% of the sector, which is positive. This ratio indicates the number of years needed to repay debt with cash flow. A short capacity reflects controlled debt and good cash generation.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 243.43. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2022) ?
Liquidity ratio
Definition
Ability to meet short-term debts with current assets.
Formula
Current assets / Current liabilities
Interpretation
> 1.5 : Very good
1-1.5 : Fair
< 1 : Liquidity risk

243.428

Interest coverage (2022) ?
Interest coverage
Definition
Ability to cover interest charges with operating income.
Formula
EBIT / Interest expenses
Interpretation
> 3 : Comfortable
1.5-3 : Acceptable
< 1.5 : Risk

-96.497

Liquidity indicators evolution
MOWI BRETAGNE

Sector positioning

Liquidity ratio
243.43 2022
2020
2021
2022
Q1: 135.26
Med: 208.99
Q3: 293.46
Good

In 2022, the liquidity ratio of MOWI BRETAGNE (243.43) ranks above the median of the sector. This ratio measures the ability to cover short-term debt with current assets. This comfortable position offers an appreciable safety margin.

Interest coverage
-96.5x 2022
2020
2021
2022
Q1: 0.0x
Med: 0.81x
Q3: 6.07x
Watch -23 pts over 3 years

In 2022, the interest coverage of MOWI BRETAGNE (-96.5x) ranks in the bottom 25% of the sector. This ratio indicates how many times operating income covers interest expenses. Low coverage may indicate fragility to rate or income variations.

Working capital requirement (WCR) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 86 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 59 days. The company must finance 27 days of gap between collections and payments. Inventory turnover is 58 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 155 days of revenue, i.e. 31.3 M€ to permanently finance. Over 2013-2022, WCR increased by +34%, requiring additional financing.

Operating WCR (2022) ?
Operating WCR
Definition
Financing requirement generated by the operating cycle (inventory + receivables - trade payables).
Formula
Inventory + Customer receivables - Trade payables
Interpretation
Negative = cash released
Positive = financing needed

31 297 110 €

Customer credit (2022) ?
Customer credit (days)
Definition
Average payment term granted to customers.
Formula
(Customer receivables / Revenue incl. VAT) x 360
Interpretation
< 45j : Good
45-60j : Average
> 60j : Long

86 j

Supplier credit (2022) ?
Supplier credit (days)
Definition
Average payment term obtained from suppliers.
Formula
(Trade payables / Purchases incl. VAT) x 360
Interpretation
The longer the term, the better for cash flow

59 j

Inventory turnover (2022) ?
Inventory turnover (days)
Definition
Average storage duration for goods or materials.
Formula
(Inventory / Cost of goods) x 360
Interpretation
The lower the ratio, the faster the turnover

58 j

WCR in days of revenue (2022) ?
WCR in days of revenue
Definition
Expresses working capital requirement in days of revenue.
Formula
(Operating WCR / Revenue) x 360
Interpretation
The fewer days, the better the working capital management

155 j

WCR and payment terms evolution
MOWI BRETAGNE

Positioning of MOWI BRETAGNE in its sector

Comparison with sector Transformation et conservation de poisson, de crustacés et de mollusques

Valuation estimate

Based on 277 transactions of similar company sales in 2022, the value of MOWI BRETAGNE is estimated at 51 864 316 € (range 33 695 033€ - 67 973 810€). The price/revenue ratio is 0.71x (in line with sector norms). This multiples method compares the actual sale price of similar companies to their financial indicators (Revenue, EBITDA, Net Income). It provides a market-based indicative estimate.

Estimated enterprise value 2022
277 transactions
33695k€ 51864k€ 67973k€
51 864 316 € Range: 33 695 033€ - 67 973 810€
Section année 2022 Aggregated at NAF section level

Valuation method used

Revenue Multiple
72 635 327 € × 0.71x = 51 864 317 €
Range: 33 695 033€ - 67 973 811€

Only this financial indicator is available for this company.

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 277 actual transactions of similar company sales (same NAF code) registered with BODACC between 2016 and 2025.

  • EBITDA Multiple: Preferred method for profitable SMEs. EBITDA reflects the ability to generate cash.
  • Revenue Multiple: Used for growing companies or those with low profitability. Reflects commercial potential.
  • Net Income Multiple: Relevant for mature companies with stable results.

This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).

Similar companies (Transformation et conservation de poisson, de crustacés et de mollusques)

Compare MOWI BRETAGNE with other companies in the same sector:

Voir toutes les statistiques du secteur Transformation et conservation de poisson, de crustacés et de mollusques

Frequently asked questions about MOWI BRETAGNE

What is the revenue of MOWI BRETAGNE ?

The revenue of MOWI BRETAGNE in 2022 is 72.6 M€.

Is MOWI BRETAGNE profitable?

MOWI BRETAGNE recorded a net loss in 2022.

Where is the headquarters of MOWI BRETAGNE ?

The headquarters of MOWI BRETAGNE is located in LANDIVISIAU (29400), in the department Finistere.

Where to find the tax return of MOWI BRETAGNE ?

The tax return of MOWI BRETAGNE is available on this page. Click on a year in the 'Data by year' section to view the account details (assets, liabilities, income statement). Data comes from INPI (National Institute of Industrial Property).

In which sector does MOWI BRETAGNE operate?

MOWI BRETAGNE operates in the sector Transformation et conservation de poisson, de crustacés et de mollusques (NAF code 10.20Z). See the 'Sector positioning' section above to compare the company with its competitors.