Annual General Meeting 2024

„Against the backdrop of operational headwinds in 2023, we delivered resilient operational performance in 2023 with revenues of EUR 1.7 billion and an operational margin of 8.9%. To protect and strengthen our business, we have taken decisive actions in the past 18 months to improve operational efficiency and financial performance. The year was also marked change in leadership and two proposals for a potential offer for all shares in Marel received from John Bean Technologies Corporation (JBT) at the end of 2023. Following a third proposal received on 19 January, the Board considered the proposed terms to be attractive and offer an opportunity for Marel shareholders to participate in future value creation. Therefore, the Board supports working with JBT on reciprocal, confirmatory due diligence and the finalization of its formal offer for Marel shares on these terms which is ongoing. At the same time, we continue to have the utmost confidence in Marel’s standalone strategy and remain focused on positioning our business for continued success.“

- Arnar Thor Masson, Chairman