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
   


Marel's general manager, Arni Oddur Thordarson. (Photo: Marel)

Marel achieves strong results in Q3

  (ICELAND, 10/27/2017)

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 CEO Arni Oddur Thordarson.

Marel provides advanced processing systems and services to the poultry, meat and fish industries. Overall the business is showing good operational performance with a solid 15 per cent EBIT and good underlying market fundamentals.

The operational performance of Marel Fish is still below long term targets and potential but is on track towards more streamlined and focused organization.

The firm outlined that its Fish Division performed as expected in Q3 delivering good order intake, and improving operational margins.

During the quarter, Marel secured large orders in Norway, South Africa and Iceland and during the first 9 months, Marel Fish generated EUR 91 million in revenue and EUR 4 million EBIT (3.9 per cent of revenue).

Marel Fish accounted for 12.2 per cent of its total revenue for the first 9 months of the year.


[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
Salmon Evolution Starts First Phase for Giant Fish Farm on Land
Thai Union Releases 7th Annual Sustainability Report
NC Commercial Fishing Resource Fund Launches New Statewide Public Relations Campaign Called Always NC Fresh
New KONGSBERG-Designed Freezer Trawler is Ready to Commence Service in Arctic Fishing Grounds
Skaginn3X Signs an Agreement with Mowi
GLOBALG.A.P. and FishChoice.com Partner to Support Access to Sustainable Seafood
FairTrade Tuna Fishery in Indonesia Achieves Certificate for Sustainability
All Natural Florida Cultured Sun Shrimp Offered Directly to Consumers to Help Stave Off Food Shortages
Good Start to the Year for BioMar Group
Cermaq’s Activities to Meet the UN Sustainable Development Goals
MSC Funds Ocean Projects to Tackle Ghost Gear and Protect Threatened Species
Kvarøy Arctic & James Beard Foundation Announce the First Women in Aquaculture Scholarship Fund
The Tuna Export Business is Utilizing AI TUNA SCOPE
Record Profit and Continued Growth in the North Atlantic Activities
As Norway Starts Reopening, the Seafood Industry Prepares for a New Reality
AquaMaof Announces New RAS Facility in France
Breakthrough in Batching & Robotic Packing for Frozen Fillets
Increased Capacity in Samherji's Land-Based Fish Farming Site in Grindavík
Ocean Heroes: Sustainable Seafood Industry Takes on the Covid-19 Pandemic
Ocean Signal Introduces SafeSea EPIRB1 Pro - The World’s Most Compact Float-Free EPIRB
More Articles...

Lenguaje
FEATURED EVENTS
  
TOP STORIES
New daily life in the era of the post-coronavirus or the 'New Normal'
Japan The Japanese government has announced the lifting of the state of emergency across the country, which means many people can technically go back to work. However, this lifting doesn’t mean that ...
With remarkable performance Lidl tripled revenue and is about to open its 100th location
United States Although Lidl has been operating in the U.S. market for a relatively short period of time, its growth has been astronomical. In just a few years, the retailer has already reached a triple-digit store ...
Volumes and prices │ Squid and cuttlefish │ Tokyo Markets | 2020
Japan Source: FIS.com | Click to enlarge it  [email protected] www.fis.com...
A warmer and more acid Arctic ocean: Challenges to marine organisms
Norway The possible impacts of ocean acidification (OA) on Arctic marine ecosystems is a primary concern, especially on time scales beyond the next election, or beyond our own lifetimes. The Fram Centre&rsqu...
 
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 ehf (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) - Headquarters
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 - 2020 Fish Info & Services Co.Ltd| All Rights Reserved.   DISCLAIMER