MAREL HF : Preview 2Q21 results due 21 July
>Roughly similar quarter to 1Q21 - Marel is set to report its 2Q21 results on 21 July (post market closing). Overall, we foresee a roughly similar Q2 compared with Q1, with the actual timing of orders still being impacted by the pandemic, despite the record high order book. We foresee continuing gross margin pressure in 2Q21 as Marel is likely to take a hit from higher input costs, at least initially, however we expect the company to later be able to pass on any infla...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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