Welcome to FIS   Sponsored By
Subscribe to FIS | Register with FIS | Advertise with FIS | Newsletter | About FIS | Contact us
If you would like to send us an article, contact Margaret Stacey
   


Orders received in the quarter are expected to be EUR 212 million.

Marel's Results for Q1 2015 Above Expectations

  (ICELAND, 4/21/2015)

As provided for in the Marel 2014 annual results, published on February 5th 2015, the management guidance for the year 2015 was organic revenue growth, with a solid increase in operational and net profit. In addition, Marel has previously disclosed the aim to reach EBIT of over 100 million in 2017.

According to Marel‘s management preliminary review of the numbers for Q1 2015 the results for the quarter will be above expectations driven by increased volume, favourable product mix and operational improvements.

Marel achieves strong results in Q1 2015.

Orders received in the quarter are expected to be EUR 212 million. Revenues for Q1 2015 will be close to EUR 209 million, with adjusted EBIT* above 11% of revenue and EBIT close to 8% of revenue. Net result from the quarter is expected to be above EUR 12 million.

Strong EBITDA and cash flow will result in a Total Net Leverage ratio around 1.5 at end of Q1 2015 compared to 2.1 at the end of Q4 2014.**

Market conditions are good with strong tailwind in Marel´s main markets in addition to favourable conditions in financial markets. It should nevertheless be kept in mind that results may vary from quarter to quarter due to general economic developments, fluctuations in volume and mix of revenues.

Q1 2015 results will be released after market closing on April 29th 2015. Marel will hold an investor meeting in the morning of 30th April, where the results and future outlook will be outlined.

* Before refocusing cost.
** Total Net Leverage is based on adjusted EBITDA in recent 12 months and net interest bearing debts at the end of the quarter.

Marel's primary goal is to deliver market-driven innovation that helps customers proactively adapt to continually changing consumer habits and environmental challenges.

About Marel

Marel is the leading global provider of advanced equipment, systems and services to the fish, meat and poultry industries. With offices and subsidiaries in over 30 countries and a global network of more than 100 agents and distributors, Marel works side-by-side with its customers to extend the boundaries of food processing performance.

Source: Marel ehf

Related News

[email protected]
www.fis.com


Information of the company:
Address: Austurhraun 9
City: Gardabaer
State/ZIP: (IS-210)
Country: Iceland
Phone: +354 563 8000
Fax: +354 563 8001
E-Mail: [email protected]
More about:


Location:

View Larger Map



 Print


Click to know how to advertise in FIS
MORE ARTICLES
BAP Launches Redesigned Website
Italian Leader of Fresh Fish Product Distribution Earns Certification
Atlantic Salmon Trial Successfully Demonstrates Efficacy of Novel Alternative Protein for Aquafeed
Atlantic Sapphire Nominated for the European Small and Mid-Cap Awards 2019
Champlain Seafood Acquired Captain Dan’s Seafood
Tasmanian Producer of Shellfish Commits to Protection of Marine Environment
BioMar Accelerates Next Generation of Feed Solutions for RAS
Whitefish Event Predicts a More Automated Future
Seafood Imports Joins IPNLF’s Supply Chain Network
BigFish Launches Signature Smoked Range
French Seafood Lovers can Look Forward to Getting Closer to Nature with SalveaTM
Sea Grant Awards USD 16 Million to Advance U.S. Aquaculture
Imperial Brand of Seafood Products Commits to Protection of Marine Environment
Gold Seal® Celebrates 100 Years of Excellence in Sustainable Seafood
Marel Opens the Doors for the 5th Whitefish Showhow
Seanova Earns Certification from Friend of the Sea for Sustainable Production of Epax® Sea Oils
“Women in Seafood” Video Competition: A great Success of the Third Edition
New Research Vessel Choose Scantrol AHC and iSYM Autotrawl
FISA Introduces its Twisted Knotless “Muketsu” Netting to Japanese Market
Aldi to Scrap Plastic Sleeves on Tinned Tuna Packaging
More Articles...

Lenguaje
FEATURED EVENTS
  
TOP STORIES
Regional strategy seeks to help East Anglia revive its fisheries after Brexit
United Kingdom A rejuvenated East Anglian fishing industry could restore hundreds of jobs and boost the region's economy by GBP 32m - but only if government policies can maximise the "once-in-a-generation chanc...
Oceana´s investigation reveals widespread seafood fraud in Canada (Video)
Canada Latest findings in nationwide investigation reveal 61% of Montreal seafood samples mislabelled The results of Oceana Canada’s latest seafood investigation, released on Wednesday, provide moun...
Brexit agreement is gateway to UK’s exit from CFP
United Kingdom The SFF today welcomed the agreement reached between the UK and European Union to secure the UK’s exit from the EU. Three years since the referendum, this agreement provides the gateway to the ...
Weekly movements of fishmeal and fish oil (Norway, China, Peru) - W41
Worldwide FISH MEAL Through week 41, 585,830 tonnes of fish were destined for reduction at an average price of NOK 2.90/kg, down 16% on those destined for such purpose during the same period in the previous ye...
 
Maruha Nichiro Corporation
Nichirei Corporation - Headquarters
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation - Wartsila Group Headquarters
ITOCHU Corporation -Headquarter-
BAADER - Nordischer Maschinenbau Rud. Baader GmbH+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Sea Harvest Corporation (PTY) Ltd. - Group Headquarters
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
AquaChile S.A. - Group Headquarters
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods, Inc
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO - Food and Agriculture Organization - Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Brim Ltd (formerly HB Grandi Ltd) - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Group Headquarters
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Mowi ASA (formerly Marine Harvest ASA) - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. - Headquarters
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
CJ Corporation  - Group Headquarters
Greenpeace International - The Netherlands | Headquarters
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
NOREBO Group (former Ocean Trawlers Group)
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation - Headquarters
Cooke Inc. - Group Headquarters
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart / Wal-Mart Stores, Inc. (Supermarket) -Headquarter-
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2019 Fish Info & Services Co.Ltd| All Rights Reserved.   DISCLAIMER