Key Figures
Amounts in EUR thousands.
| Operating results | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|
| Revenues | 713,960 | 668,357 | 600,421 | 531,680 | 540,149 |
| Gross profit | 249,226 | 247,289 | 227,074 | 191,674 | 178,931 |
| Result before depreciation and amortisation (EBITDA) | 85,963 | 87,006 | 82,177 | 58,752 | 42,107 |
| Result from operations (EBIT) | 61,081 | 62,166 | 57,334 | 8,047 | 20,434 |
| Net result for the period | 35,609 | 34,463 | 13,626 | (11,811) | (8,405) |
| Cash flow statement | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|
| Cash generated from operating activities, before interest & tax | 65,569 | 63,716 | 114,881 | 75,395 | 45,852 |
| Net cash from (to) operating activities | 49,095 | 43,183 | 78,986 | 25,526 | 9,602 |
| Investing activities | (37,294) | (28,690) | (16,757) | 10,758 | (404,986) |
| Financing activities | (26,486) | (47,120) | (67,453) | 10,168 | 386,481 |
| Financial position | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|
| Total assets | 865,128 | 877,818 | 877,623 | 882,882 | 920,259 |
| Working capital | 59,076 | 52,487 | 78,114 | 109,111 | (25,940) |
| Equity | 403,748 | 373,471 | 343,269 | 323,797 | 288,279 |
| Net debt | 243,242 | 250,489 | 256,741 | 295,012 | 379,405 |
| Various figures in proportion to sales | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|
| Gross profit | 34.9% | 37.0% | 37.8% | 36.1% | 33.1% |
| Selling and marketing expenses | 12.6% | 11.9% | 11.8% | 13.8% | 13.3% |
| Research and development expenses | 5.8% | 6.0% | 6.1% | 5.9% | 5.1% |
| Administrative expenses | 8.0% | 8.0% | 9.1% | 13.1% | 11.1% |
| Wages and benefits | 33.9% | 31.4% | 31.7% | 36.1% | 33.7% |
| Profit before depreciation and amortisation (EBITDA) | 12.0% | 13.0% | 13.7% | 11.1% | 7.8% |
| Depreciation/amortisation | 3.5% | 3.7% | 4.1% | 9.5% | 4.0% |
| Result from operations (EBIT) | 8.6% | 9.3% | 9.5% | 1.5% | 3.8% |
| Net result for the period | 5.0% | 5.2% | 2.3% | (2.2%) | (1.6%) |
| Other key ratios | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|
| Current ratio | 1.3 | 1.2 | 1.4 | 1.6 | 1.0 |
| Quick ratio | 0.8 | 0.8 | 1.0 | 1.4 | 0.5 |
| Equity ratio | 46.7% | 42.5% | 39.1% | 36.7% | 31.1% |
| Return on owners' equity | 9.2% | 9.6% | 4.1% | (3.9%) | (3.6%) |
| Return on total assets | 4.1% | 3.9% | 1.5% | (1.3%) | (1.2%) |
| Key figures from Marel's core operations, normalised | 2012 | 2011 | 2010 | 2009 | |
|---|---|---|---|---|---|
| Revenues | 713,960 | 668,357 | 582,130 | 434,796 | |
| Result from operations (EBIT) | 61,081 | 73,152 | 64,144 | 24,760 | |
| EBIT as a % of sales | 8.6% | 10.9% | 11.0% | 5.7% | |
| Result before depreciation and amortisation (EBITDA) | 85,963 | 97,992 | 88,060 | 47,432 | |
| EBITDA as a % of revenues | 12.0% | 14.7% | 15.1% | 10.9% |