Fish swimming in blue ocean

Annual General Meeting 2023

The meeting was held at the Company´s headquarters at Austurhraun 9, Gardabaer, Iceland and virtually on Wednesday 22 March 2023.

Please contact us through if you have any question regarding the meeting.

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Board of director's report

“Since listing in 1992, Marel has transitioned from a startup with 45 employees and 6 million euros in revenues to a leading global provider of food processing solutions, software and services with around 8,000 employees and 1.7 billion euros in revenues.

With a history of consistent growth averaging 21% annually since 1992, Marel is proud of its achievements and excited for what is to come.”

- Arnar Thor Masson, Chairman

Annual report 2022

The annual report is digital, complete with interactive content, videos and customer stories showcasing our milestones in 2022, and also available as a PDF file.

View report
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CEO's operational report

“Sustainability is at the center of our business strategy. Our vision is of a world where quality food is processed affordably and sustainably. In an inflationary and volatile economy, where global trade is shifting to regional trade, Marel is well positioned. Our local sales and service teams around the globe, provide pioneering solutions as the basis to keep the food value chain running and deliver 40% recurring service revenues for Marel. Favorable secular trends, focused on automation, robotics technology and digital solutions that support sustainable food processing, will continue to support organic growth outlook in the long term. In the short term, the current macroeconomic backdrop and increased cost of capital for our customers is resulting in elevated uncertainty.

In the year 2023, our focus is on customer centricity, and how we leverage our infrastructure investments for more speed and scale to drive continued improvement in our operational performance to reach 14-16% EBIT level by year-end 2023, although operational results may vary from quarter to quarter. We will also continue to transform Marel to maintain momentum on our long-term growth ambitions and reach 50% recurring revenues from service and software in 2026.”

- Arni Oddur Thordarson, CEO

Published documents

Marel's 40th AGM

PDF (English)

PDF (Icelandic)

Minutes of the meeting


Chairman's and CEO's report


Voting results


Articles of association


Convocation (Icelandic: Fundarboð)


Agenda and proposals of the Board of Directors


Nomination Commitees recommendations


Remuneration report for 2022


Practical information for shareholders



Summary of ownership of shares and voting rights


Shareholder rights


Power of Attorney


Rules of the Board of Directors for
electronic voting


Annual Financial Statements for 2022

ESG Report for 2022


Corporate Governance Statement



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