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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 information
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.
Financial accounts |
Press release |
Presentation |
Fact sheet |
|
|---|---|---|---|---|
Q1 2019 |
PDF XLS | PDF News |
PDF
Watch
|
|
Q2 2019 |
PDF XLS | PDF News | PDF Watch | |
Q3 2019 |
PDF XLS | PDF News | PDF Watch | |
Q4 2019 |
PDF XLS | PDF News | PDF Watch | |
Annual report |
PDF Website | |||
Corporate governance statement |
||||
Marel capital markets day |
|
|||
Autumn conference 2019 (Kepler Cheuvreux) |
Latest financial results
Revenues in EUR
343.3m
7.2% year-on-year
Adjusted EBIT in EUR
52.3m
63.4% year-on-year
Orders received in EUR
319.7m
5.7% year-on-year
Order book in EUR
415.7m
0.3% year-on-year
Financial highlights
Key figures for the last three years of operations.
Key figures |
2020 |
2019 |
2018 |
|---|---|---|---|
Revenues |
1,237.8 |
1,283.7 |
1,197.9 |
Result from operations (EBIT) |
166.8 |
173.4 |
175.2 |
EBIT as a % of sales |
13.5% |
13.5% |
14.6% |
Result before depreciation and amortization (EBITDA) |
212.5 |
220.3 |
215.5 |
EBITDA as a % of sales |
17.2% |
17.2% |
18.0% |
Orders received (includes service revenue) |
1,234.1 |
1,222.1 |
1,184.1 |
Leverage* |
1.0 |
0.4 |
2.0 |
* Net Debt (Including Lease liabilities) / LTM EBITDA.
Results |
2020 |
2019 |
2018 |
|---|---|---|---|
Revenues |
1,237.8 |
1,283.7 |
1,197.9 |
Gross profit |
462.5 |
491.1 |
467.5 |
Result before depreciation and amortization (EBITDA) |
212.5 |
220.3 |
215.5 |
Result from operations (EBIT) |
149.7 |
162.6 |
160.9 |
Net result for the period |
102.6 |
110.1 |
122.5 |
Order book |
2020 |
2019 |
2018 |
|---|---|---|---|
Orders received (includes service revenue) |
1,234.1 |
1,222.1 |
1,184.1 |
Order book |
415.7 |
414.4 |
476.0 |
Cash flow statement |
2020 |
2019 |
2018 |
|---|---|---|---|
Cash generated from operating activities, before interest & tax |
217.6 |
189.8 |
205.8 |
Net cash from (to) operating activities |
182.6 |
142.5 |
166.8 |
Investing activities |
(161.6) |
(54.2) |
(84.5) |
Net cash from (used in) financing activities |
(235.6) |
156.8 |
(60.2) |
Financial position |
2020 |
2019 |
2018 |
|---|---|---|---|
Total assets |
1,814.9 |
1,861.2 |
1,565.9 |
Working capital |
44.1 |
246.3 |
(43.7) |
Group equity |
958.7 |
955.8 |
560.9 |
Net debt |
205.2 |
97.6 |
431.6 |
Various figures in proportion to sales |
2020 |
2019 |
2018 |
|---|---|---|---|
Gross profit |
37.4% |
38.3% |
39.0% |
Selling and marketing expenses |
12.0% |
12.4% |
11.2% |
Research and development expenses |
5.9% |
6.7% |
6.2% |
Administrative expenses |
7.1% |
6.5% |
7.0% |
Wages and benefits |
37.4% |
35.0% |
34.3% |
Result before depreciation (EBITDA) |
17.2% |
17.2% |
18.0% |
Depreciation/amortization |
5.1% |
4.5% |
4.6% |
Result from operations (EBIT) |
12.1% |
12.7% |
13.4% |
Net result for the period |
8.3% |
8.6% |
10.2% |
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 |
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
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
Marino Thor Jakobsson