MAREL HF : Marel seeking larger TAM to achieve strategic ambitions
>1Q22 recap: disappointing EBIT at the time of another record order book - Marel’s 1Q22 results came in poor with a 25% EBIT miss following inflationary pressures, a continued tough supply chain and peaking COVID-related absenteeism in January and February. The company saw another record order book (€ 619m vs 4Q21 at € 569m) and record orders received during 1Q22 (€ 422m vs € 401m at 4Q21). Marel announced two new acquisitions, with US-based Wenger being the most nota...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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