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Financial information

The performance and success of any company can be assessed via its finances. Take a look at key reports and presentations, get the latest information on past and future webcasts, and see up-to-date financial targets.

Analyst consensus estimates for Marel

Financial reports and presentations

Here you can find links to all the reports and presentations from our quarterly and annual reports, the on-demand version of the webcast, and our Annual Reports. For reports and financials from prior years, please refer to the financials archive. For Capital Markets Day content and ESG related disclosure, please refer to the respective sections below.

Capital Markets Day

Here you can find links to all the presentations, recordings and press releases from our Capital Markets Day events.

Presentation

Capital Markets Day

PDF

Capital Markets Day (Arion bank)

PDF

Presentation

Capital Markets Day (Arion bank)

PDF

Sustainability and ESG

Here you can find links to Marel's ESG reports and related documentation from 2020 onwards. For earlier reporting, please see our financial reports section.

Documents

ESG report

PDF

Latest financial results


Q4 2023 key figures

Solid orders received of EUR 466m and strong cash flow with EBIT at 9.6% in the quarter


Revenues in EUR

448.0m

(8.4%) year-on-year


Adjusted EBIT in EUR

42.8m

(29.7%) year-on-year


Orders received in EUR

466.4m

12.8% year-on-year


Order book in EUR

580.1m

(14.1%) year-on-year

Financial highlights

Key figures for the last five years of operations.

Key figures

2023

2022

2021

2020

2019

Revenues

1,721.4

1,708.7

1,360.8

1,237.8

1,283.7

Result from operations (EBIT)

153.1

163.4

153.6

166.8

173.4

EBIT as a % of sales

8.9%

9.6%

11.3%

13.5%

13.5%

Result before depreciation and amortization (EBITDA)

191.4

178.6

198.9

212.5

220.3

EBITDA as a % of sales

11.1%

10.5%

14.6%

17.2%

17.2%

Orders received (includes service revenue)

1,626.3

1,734.0

1,502.0

1,234.1

1,222.1

Leverage*

3.45

3.42

0.83

0.75

0.4

* Net debt (excluding lease liabilities) / Pro forma LTM adjusted EBITDA (including recent acquisitions) excluding non cash and on e off costs per Marel's credit agreement.

Results

2023

2022

2021

2020

2019

Revenues

1,721.4

1,708.7

1,360.8

1,237.8

1.283.7

Gross profit

612.2

604.9

498.1

462.5

491.1

Result before depreciation and amortization (EBITDA)

191.4

178.6

198.9

212.5

220.3

Result from operations (EBIT)

93.6

97.0

130.3

149.7

162.6

Net result for the period

31.0

58.7

96.2

102.6

110.1

Order book

2023

2022

2021

2020

2019

Orders received (includes service revenue)

1,626.3

1,734.0

1,502.0

1,234.1

1.222.1

Order book

580.1

675.2

569.0

415.7

414.4

Cash flow statement

2023

2022

2021

2020

2019

Cash generated from operating activities, before interest & tax

225.8

96.4

212.3

217.6

189.8

Net cash from (to) operating activities

138.1

51.4

176.2

182.6

142.5

Investing activities

(95.9)

(567.2)

(121.4)

(161.6)

(54.2)

Net cash from (used in) financing activities

(45.1)

505.9

(235.6)

(235.6)

156.8

Financial position

2023

2022

2021

2020

2019

Total assets

2,599.8

2,696.4

2,005.0

1,814.9

1,861.2

Working capital

156.1

64.1

45.7

44.1

246.3

Group equity

1,041.6

1,028.1

1,023.1

958.7

955.8

Net debt

790.9

816.7

199.2

205.2

97.6

Various figures in proportion to sales

2023

2022

2021

2020

2019

Gross profit

35.6%

35.4%

36.6%

37.4%

38.3%

Selling and marketing expenses

14.5%

13.8%

13.3%

12.0%

12.4%

Research and development expenses

6.9%

6.2%

6.4%

5.9%

6.7%

Administrative expenses

7.8%

8.1%

7.1%

7.1%

6.5%

Wages and benefits

39.6%

38.8%

38.3%

37.4%

35.0%

Result before depreciation (EBITDA)

11.1%

10.5%

14.6%

17.2%

17.2%

Depreciation/amortization

5.7%

4.8%

5.0%

5.1%

4.5%

Result from operations (EBIT)

5.4%

5.7%

9.6%

12.1%

12.7%

Net result for the period

1.8%

3.4%

7.1%

8.3%

8.6%

Marel Conference

Outlook

Marel enjoys a balanced exposure to global economies and local markets through its global reach, innovative product portfolio and diversified business mix.

In the period 2017-2026, Marel is targeting 12% average annual revenue growth through market penetration and innovation, complemented by strategic partnerships and acquisitions. Our strategic mid-term targets are to achieve gross profit around 40%, SG&A of around 18% and Innovation at the 6% level by year-end 2023.

Analyst coverage

Analyst coverage

Marel is covered by various financial institutions, both domestic and international, who actively track and publish opinions on Marel and its stock.


Consensus estimates

Analyst consensus estimates for Marel are now publicly available to the market. The consensus data will support capital market participants by reflecting the expectations of research analysts covering Marel.


Read more

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Contact IR

For further information, please contact Marel Investor Relations via email IR@marel.com or tel. (+354) 563 8001

Tinna Molphy

Tinna Molphy

Marino Thor Jakobsson

Marino Thor Jakobsson

Ellert Gudjonsson

Ellert Gudjonsson

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