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Leading global provider of advanced equipment
and systems for the food processing industry
and systems for the food processing industry
Latest News
28.04.2010
Marel Q1 2010 results
Attachments:
| Press release | Accounts | Presentation | Webcast |
Positive start to the year; Marel capitalizes on improved market conditions
- Revenues for Q1 2010 totalled 147.2 mln. Revenues from core business totalled 128.9 mln, an increase of 24.9% compared to the same period the year before [Q1 2009: 103.2 mln].
- EBITDA was 22.6 mln, or 15.3% of sales [Q1 2009: 0.8 mln]. EBITDA from core businesses was 20.9 mln or 16.2% of sales [Q1 2009: 3.9 mln].
- Operating profit (EBIT) was 15.9 mln, or 10.8% of sales [Q1 2009: loss of 5.8 mln]. EBIT from core businesses was 15.1 mln or 11.7% of sales [Q1 2009: loss of 1.7 mln].
- Net result was 5.6 mln for Q1 2010 [Q1 2009: loss of 7.0 mln].
- Cash flow remains strong and net interest bearing debt is 286 mln at the end of Q1 2010 [Q1 2009: 373 mln].
- The order book has grown as a result of improved market conditions and was 113.5 mln at the end of the quarter [Q1 2009: 58.8 mln].
For further information, 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
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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