MAREL HF : Marel confident regarding FY21-26 organic sales outperformance
>Marel ended FY20 with a strong performance - Marel ended FY20 well, despite a challenging start. The company recorded a good set of 4Q20 results (5% BB cons EPS beat; 3% vs ABN-ODDOe) and a 1% EBIT beat. Both a strong pipeline and the acquisition of TREIF (Oct FY20) have visibly boosted Marel’s meat division’s margins (12.1% Meat 4Q20 EBIT margin vs ABN-ODDOe at 9%). Despite Marel striking a cautious tone on the near-term timing of actual orders (regardless of a very...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.
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.
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