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Leading global provider of advanced equipment
and systems for the food processing industry
and systems for the food processing industry
Investor News
03.11.2009
Marel Food Systems Q3 2009 results
Attachments:
| Press release | Accounts | Presentation |
Good operating performance; new cost base and improved market conditions
- Revenues from core business for Q3 2009 totalled EUR 111.9 mln, an increase of 4.4% compared to the previous quarter (Q3 2008: EUR 143.1 mln).
- EBITDA from core businesses was EUR 18.6 mln, or 16.6% of sales (Q3 2008: EUR 20.9 mln; 14.6% of sales).
- EBIT from core business was EUR 13.1 mln, or 11.7% of sales (Q3 2008: EUR 15.7 mln; 11% of sales).
- International shareholding increased to 16% following Columbia Wanger’s acquisition of a 5.2% share in Marel.
Consolidated
- Consolidated revenues for Q3 2009 amounted to EUR 133.7 mln (Q3 2008: EUR 170.6 mln).
- Consolidated EBITDA was EUR 18.0 mln in Q3 2009 (Q3 2008: EUR 20.8 mln) and consolidated operating profit (EBIT) was EUR 11.8 mln (Q3 2008: EUR 14.5 mln).
- Net result was EUR 0.9 mln for Q3 2009 (Q3 2008: EUR 4.5 mln).
- Net interest bearing debt was EUR 348.0 mln.
- Bridge loan for Food and Dairy operation was extended by two years, until October 2011.
For further information, please contact:
Erik Kaman, CFO,
tel: (+354) 563-8072
Sigsteinn Grétarsson, Managing Director of Marel ehf.,
tel: (+354) 563-8072
Spotlight
One company, one stop Our brands – Marel, Stork Poultry Processing and Townsend Further Processing – are among the most respected in the industry.
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Press Contact
Jon Ingi HerbertssonInvestor and Public Relations Manager
E-mail: jon.herbertsson@marel.com
Tel.: +354 563 8451
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Marel is the leading global provider of advanced equipment, systems and services to the fish, meat and poultry industries. Our brands – Marel, Stork Poultry Processing and Townsend Further Processing – are among the most respected in the industry. Together, we offer the convenience of a single source to meet our customers’ every need. With offices and subsidiaries in over 30 countries and a global network of more than 100 agents and distributors, we work side-by-side with our customers to extend the boundaries of food processing performance.
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