24/01/14 Updated 26/03/19

Marel updates its guidance for Q4 2013 results

According to Marel’s unaudited preliminary results for Q4 2013, revenues are in line with previously issued guidance with deviation in EBIT margin.

Revenues for Q4 2013 are expected to be EUR 168 million with 4.4% EBIT.

The deviation in EBIT margin is mainly caused by cost associated with management changes and a write down of inventories as a result of Marel's continuous improvement projects.

Cash flow from operating activities is exceptionally strong in the quarter. The year 2014 starts with slightly higher order book than in the beginning of 2013.

Marel will release full year 2013 results after market closing on 5 of February 2014.

Marel will hold an investor meeting, in the morning of February 6 where the results and future outlook, including steps to align execution toward strategic goals, will be outlined.