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Marel hf
AEX:MAREL

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Marel hf
AEX:MAREL
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Price: 4.43 EUR 1.84% Market Closed
Market Cap: 3.3B EUR

Marel hf
Investor Relations

In the heart of Iceland, where the dynamic contrasts of fire and ice draw upon a legacy of innovation, Marel hf has emerged as a leading force in advancing food processing technology. Founded in 1983, this company quickly expanded beyond its modest beginnings, driven by an unwavering commitment to enhance food production efficiency and quality. Marel specializes in developing sophisticated equipment, systems, and software that are tailored to meet the diverse needs of the food processing industry. From poultry, meat, and fish to dairy and prepared foods, Marel's solutions seamlessly integrate automation, robotics, and data analytics to streamline operations, reduce waste, and ensure top-tier product consistency.

Marel's business model revolves around an integrated approach that combines equipment sales with service and maintenance, software solutions, and aftermarket offerings, ensuring a steady stream of revenue. By understanding the nuances of food production processes, Marel develops cutting-edge technology that not only boosts productivity but also minimizes labor costs and enhances food safety—a crucial demand in today's market. The company’s comprehensive service extends from installation and training to maintenance and upgrades, enabling clients to optimize their output and efficiency continuously. Through strategic acquisitions and partnerships, Marel has broadened its reach globally, solidifying its reputation as an indispensable partner for businesses aiming to capitalize on technological advancements to remain competitive in an ever-evolving industry.

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Earnings Calls

2024 Q3
Oct 31, 2024
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Improved orders and margins amidst cautious outlook for 2024
2024 Q3
Oct 31, 2024

In the third quarter, the company saw total orders rise to EUR 403 million, led by a strong performance in poultry. Despite revenue declining to EUR 387 million, EBITDA and EBIT margins improved to 13.8% and 9.4%, respectively. The order book increased to EUR 554 million, but remains low at 33% of trailing revenues. For 2024, the guidance is adjusted EBITDA of 13%-14% and adjusted EBIT of 9%-10%, with expectations of low-single-digit revenue decline. A potential merger with JBT is progressing, aiming for completion by January 2025.

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Management

Mr. Arni Sigurdsson
CEO & Member of Executive Board
No Bio Available
Mr. Sebastiaan Antonius Theodorus Boelen
Chief Financial Officer
No Bio Available
Mr. David Freyr Oddsson
Chief Human Resource Officer & Member of Executive Board
No Bio Available
Ms. Tinna JĂłnsdĂłttir Molphy
Director of Investor Relations
No Bio Available
Mr. Arni Sigurjonsson
General Counsel
No Bio Available
Arie Tulp
Sales & Marketing Director
No Bio Available
Mr. Kristján Þorsteinsson
Director of Finance & Secretary
No Bio Available
Mr. Bjarki Bjornsson
Corporate Director of Treasury & Financing
No Bio Available

Contacts

Address
Gardabaer
Austurhraun 9
Contacts
+3545638000.0
marel.com