MAREL HF : Preview Q4 2023: earnings taking a back seat to the JBT offer
>JBT offer outcome more important than earnings - MAREL HF will report Q4 2023 results on February 7 after the close (analyst call on the 8th). We expect the company to report a weak set of numbers as clients remain cautious (impacting order intake) and company specific issues and weak order intake of previous quarters (also including negative sales mix with mainly greenfield projects) impact earnings. However, the earnings release will take a back seat to the possibl...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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