Marel's general manager, Arni Oddur Thordarson. (Photo: Marel)
Multinational company Marel informed that in the third quarter this year its revenue reached EUR 247 million compared to EUR 234.8 million in the same period a year ago thanks to good market conditions.
The firm’s EBITDA for the period from July to September was EUR 45.8 million (18.6 per cent of revenue) compared to EUR 41.5 million and its EBIT increased by 12.6 per cent, to EUR 37.6 million (15.2 per cent of revenue).
Marel’s acquisition of Sulmaq, a Brazilian primary meat processing equipment provider, was finalized on August 31, 2017 and it is not expected to have a material impact on Marel’s financial results.
“By being the leading global provider to three industries; poultry, meat and fish we counterbalance fluctuations in business unit operations, leading to good overall operational results,” pointed out the firm’s CE...