Report
Eric Wilmer

MAREL HF : IFFA 2022: Record industry orders; swift margin recovery unlikely

>Full line focus is the name of the game: also at competition - We visited IFFA (largest global meat equipment trade show) on Thursday 19 May, during which we spoke with various representatives of Marel, as well as key competitors including Baader, Frontmatec, GEA, Handtmann, Middleby, Multivac, Vemag and Weber. We conclude that a strong focus on full-line offering now appears to be the norm. The rationale is that in a complex business such as meat processing, focusin...
Underlying
Marel hf.

Marel hf is an Iceland-based holding company active within the food industry. It is primarily engaged in providing equipment, systems and services for the poultry, meat and fish processing industry. The Company activities are divided into following segments: Poultry, including processing systems for broilers, turkeys and ducks; Fish, providing equipment and system for processing whitefish an salmon; Meat, including systems and services to the red meat industry, such as deboning and trimming, case ready and bacon processing; Further Processing, including portioning and forming, marinating, coating, frying, cooking and sausage making; and More Foods, including systems and services to processing such foods as vegetables, fruit and cheese. The Company's distribution network includes sales and service units in over 30 countries. The Company operates Sulmaq Industrial e Comercial SA as subsidiary.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Eric Wilmer

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