MAREL Marel hf.

Marel: Q2 2020 Investor Meeting Presentation

Marel: Q2 2020 Investor Meeting Presentation

Marel hf. published its Q2 2020 Condensed Consolidated Financial Interim Statements after market closing on 22 July 2020.

Please find attached the Q2 2020 investor presentation for today’s virtual investor meeting at 8:30 am GMT (10:30 am CET), where CEO Arni Oddur Thordarson and CFO Linda Jonsdottir will give an overview of the financial results and operational highlights in the second quarter.

The meeting will be webcast live on /webcast and a recording will be available after the meeting on marel.com/ir.

Members of the investment community can also join the conference call by dialing:

•           IS:

•           NL:

•           UK: 1

•           US:

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 6,300 employees in over 30 countries delivered EUR 1.3 billion in revenues in 2019. Annually, Marel invests around 6% of revenues in innovation. By continuously advancing food processing, we enable our customers to increase yield and throughput, ensure food safety and improve sustainability in food production. Marel was listed on NASDAQ Iceland in 1992 and dual-listed on Euronext Amsterdam in June 2019.

Attachment

EN
23/07/2020

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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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