Marel is the top company on Nasdaq Iceland in terms of market capitalization and has over 2,000 shareholders, thereof 94% Icelandic investors. Today, Marel’s market capitalization is around ISK 230bn, or equivalent to around 30% of the total market cap of listed Icelandic companies.
The listing in 1992 marked a significant milestone in Marel’s progress from a startup company to being a leading global provider of advanced processing systems and services to the poultry, meat and fish industries.
To celebrate Marel’s 25 years as a listed company a Marel employee of 25 years, together with a 25-year-old Marel employee, symbolically rang the Stock Exchange bell to mark the occasion.
When Marel was listed in 1992, there were 45 employees and revenues totaled at EUR 6m. In 2016, Marel has 5,100 employees across 32 countries and EUR 1bn in revenues. Over the same period, the compounded average annual revenue growth has been 23%.
In 2016, Marel invested EUR 63m in innovation, corresponding to 6.5% of revenues. Armed with innovation – the core of our strategy – Marel is continuously advancing food processing, enabling our customers to increase yields, ensure food safety and improve sustainability in food production.
Marel has set a target of 12% average annual revenue growth in the next 10 years, capitalizing on R&D investments and strengthening the value chain organically and via strategic investments.
For further information, please contact Tinna Molphy via email@example.com