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Financial information

The performance and success of any company can be assessed via its finances. Take a look at key reports and presentations, get the latest information on past and future webcasts, and see up-to-date financial targets.

Financial reports and presentations

Here you can find links to all the reports and presentations from our quarterly and annual reports, the on-demand version of the webcast, our Annual Reports as well as the Capital Markets Day presentations where applicable. For reports and financials from prior years, please refer to the financials archive.

Latest financial results


Q3 2020 key figures

Strong margins and strategic moves.

Q3 2020 results arrow_forward

Revenues in EUR

287.2m

arrow_downward -8.1% year-on-year


Adjusted EBIT in EUR

44.1m

arrow_downward -0.5% year-on-year


Orders received in EUR

282.5m

arrow_downward -0.9% year-on-year


Order book in EUR

434.3m

arrow_upward 0.6% year-on-year

Financial highlights

Key figures for the last three years of operations.

Key figures

2019

2018

2017

Revenues

1,283.7

1,197.9

1,038.2

Result from operations (EBIT)***

173.4

175.2

157.4

EBIT as a % of sales

13.5%

14.6%

15.2%

Result before depreciation and amortization (EBITDA)

220.3

215.5

192.0

EBITDA as a % of sales

17.2%

18.0%

18.5%

Orders received (includes service revenue)

1,222.1

1,184.1

1,143.7

Leverage

0.4

2.0

1.9

Results

2019

2018

2017

Revenues

1,283.7

1,197.9

1,038.2

Gross profit

491.1

467.5

406.7

Result before depreciation and amortization (EBITDA)

220.3

215.5

192.0

Result from operations (EBIT)

162.6

160.9

140.3

Net result for the period

110.1

122.5

96.9

Order book

2019

2018

2017

Orders received (includes service revenue)

1,222.1

1,184.1

1,143.7

Order book

414.4

476.0

472.1

Cash flow statement

2019

2018

2017

Cash generated from operating activities, before interest & tax

189.8

205.8

236.2

Net cash from (to) operating activities

142.5

166.8

195.6

Investing activities

(54.2)

(84.5)

(77.7)

Net cash from (used in) financing activities

156.8

(60.2)

(122.2)

Financial position

2019

2018

2017

Total assets

1,861.2

1,565.9

1,440.6

Working capital

246.3

(43.7)

(71.9)

Group equity

955.8

560.9

541.9

Net debt

97.6

431.6

365.1

Various figures in proportion to sales

2019

2018

2017

Gross profit

38.3%

39.0%

39.2%

Selling and marketing expenses

12.4%

11.2%

11.6%

Research and development expenses

6.7%

6.2%

5.6%

Administrative expenses

6.5%

7.0%

6.8%

Wages and benefits

35.0%

34.3%

35.0%

Result before depreciation (EBITDA)

17.2%

18.0%

18.5%

Depreciation/amortization

4.5%

4.6%

5.0%

Result from operations (EBIT)

12.7%

13.4%

13.5%

Net result for the period

8.6%

10.2%

9.3%

Mid-term targets by year-end 2023

Gross profit:

~40%

SG&A: 

~18%

Innovation: 

~6%

Long-term targets 2017-2026

Revenue growth:

~12% (average annual)

EPS:

To grow faster than revenues


Marel Conference

Outlook

Marel enjoys a balanced exposure to global economies and local markets through its global reach, innovative product portfolio and diversified business mix.

In the period 2017-2026, Marel is targeting 12% average annual revenue growth through market penetration and innovation, complemented by strategic partnerships and acquisitions. Our strategic mid-term targets are to achieve gross profit around 40%, SG&A of around 18% and Innovation at the 6% level by year-end 2023.


Analyst coverage

Analyst coverage

Marel is covered by various financial institutions, both domestic and international, who actively track and publish opinions on Marel and its stock.

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Contact IR

For further information, please contact Marel Investor Relations via email IR@marel.com or tel. (+354) 563 8001

Tinna Molphy

Tinna Molphy

Marino Thor Jakobsson

Marino Thor Jakobsson