MAREL Marel hf.

Marel hf.: Transaction of primary insider

Marel hf.: Transaction of primary insider

Transaction of primary insider

Trade ticker:

MAREL

Issuer:

Marel hf.

Date of announcement:

26.07.2019

Name primary insider:

David Wilson

Insider's relation with the issuer:

Managing Director (EVP) Meat - Marel

Date of transaction:

26.07.2019

Time of transaction:

Type of financial instrument:

Equities

Buy or Sell:

Buy

Number of shares:

11,500

Price per share:

EUR 4.42

Primary insider's holdings after the transaction:

98,867

Primary insider's option holdings after the transaction:

1,270,000

Related parties' holdings after the transaction:

Date of settlement*:

Comments*:

    

                                                                                                                                                                                                                                                                                                                                                  

Investor relations

For further information, please contact Marel Investor Relations via email or tel. .

About Marel

Marel (NASDAQ: MAREL; AEX: MAREL) is a leading global provider of advanced food processing equipment, systems, software and services to the poultry, meat and fish industries. Our united team of more than 6,000 employees in over 30 countries delivered EUR 1.2 billion in revenues in 2018 and operated at a 14.6% EBIT margin. Annually, Marel invests around 6% of revenues in innovation which translated to EUR 74 million in 2018. By continuously advancing food processing, we enable our customers to increase yield and throughput, ensure food safety and traceability, and improve sustainability in food production. Listed on NASDAQ Iceland since 1992, Marel had a public offering and listing of 15% of its shares on Euronext Amsterdam in June 2019.                                                                                                                                                                                                                                                                                                                                      

EN
26/07/2019

Underlying

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Reports on Marel hf.

Martijn Den Drijver
  • Martijn Den Drijver

MAREL HF : A solid quarter, 2024 guidance to be met, slight delay in J...

>Beats on order intake and EBIT (margin), sales a miss, ND/EBITDA down - MAREL beat css on order intake which is encouraging, also because order intake is up both QoQ and YoY (+3%). Sales of €387m missed css by 4%, primarily because of 1/ weak ad-hoc orders as order intake has been weak for a few quarters now and 2/weak sales in Poultry and Fish. Adjusted EBIT came in at €36.2m or a margin of 9.4% versus css of €33.4m or a margin of 8.3%. That is a beat of 8% on adj....

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