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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
28.10.2010
Q3 2010 results presented
It was another good quarter for Marel, with significant growth in revenues, said CEO Theo Hoen when the company’s results for Q3 2010 were presented this morning, 28 October, at a meeting with market participants and investors. Cash flow remains strong and excellent order intake has once again lead to a growth in the order book. Year-to-date EBIT meets Marel’s long-term target of 10-12%.
Erik Kaman, CFO, presented the financial results. Among the highlights was a 33.5% increase in revenues compared to core business in Q3 2009. EBITDA was EUR 19.9 mln, or 13.3% of sales, and EBIT was EUR 13.8 mln, or 9.2% of sales. The net result was EUR 2.4 mln for Q3 2010. The order book continues to grow and stands at EUR 141.2 mln at the end of the quarter.
Details of the results are provided in the attachments below.
Attachments:
| Press release | Accounts | Presentation | Webcast |
Pictures from the event
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Erik Kaman, CFO, and Sigsteinn Grétarsson, Managing Director of Marel ehf 850 x 567 |
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Theo Hoen, CEO 850 x 567 |
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Theo Hoen, CEO 850 x 567 |
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567 x 850 |
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
Helga Bjork EiriksdottirInvestor and Public Relations Manager
E-mail:
helga.eiriksdottir@marel.com
Tel.: +354 563 8543
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About the Company
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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