MAREL Marel hf.

Marel: Q2 2020 results published on 22 July, virtual investor meeting on 23 July 2020

Marel: Q2 2020 results published on 22 July, virtual investor meeting on 23 July 2020

Marel hf. will publish its Q2 2020 interim condensed consolidated financial statements after market closing on 22 July 2020.

Earnings conference call and webcast

On Thursday 23 July 2020, at 8:30 am GMT (10:30 am CET), Marel will host a virtual investor meeting 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 and a recording will be available after the meeting on marel.com/ir.

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

  • IS: 520
  • NL: 9163
  • UK: 0 9261
  • US: 8381

Financial calendar

  • Q3 2020 – 20 October 2020
  • Q4 2020 – 3 February 2021

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.

EN
15/07/2020

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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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