06/02/13 Updated 20/02/19

Annual results presented

Marel's Board of Management presented the Q4 and annual financial results for 2012 at an investor meeting at Marel headquarters this morning.

Theo Hoen, CEO of Marel, summarized the year: "A healthy 6.8% growth in a challenging market is in fact an achievement," he said. "In the last four years we have grown immensely. We have introduced a steady pipeline of new products, strengthened our sales and service network, and at the same time we have merged several companies into one."

Erik Kaman, CFO, gave further insight into the profit margin: "First of all, we are in a challenging environment. Second, excess capacity and the mix of our products play a role. Finally, we are in the process of improving execution of orders. "

Webcast

Q4 and annual results for 2012