Since the dual-listing Marel has been included in the VINX benchmark index and the FTSE Frontier Index Series, further increasing Marel´s visibility. Marel shares are fully fungible between Iceland and the Netherlands with a free float of 75%, which is roughly split 50:50 between the two markets. Marel shares are the most actively traded shares on Nasdaq Iceland.
Creating excellent value for our shareholders
Marel has been listed on the stock exchange in Iceland, now Nasdaq Iceland, since 1992. During that time, Marel has delivered revenue growth of 22% through a combination of organic revenue growth and successfully integrated acquisitions, creating excellent value for its shareholders. Dividends or share buyback is targeted at 20 40% of net profits, and excess capital is used to stimulate growth and value creation.
Marel will continue to drive growth through innovation and global market presence, complemented by acquisitions and strategic partnerships. We are on track with our 2026 growth targets of reaching EUR 3 billion in revenues and best-in-class profitability. In partnership with our customers we are transforming the way food is processed, with a focus on food safety, traceability, sustainability and affordability.
At the time of listing, CEO Arni Oddur Thordarson, commented:
“This is a proud day for Marel as we complete our listing process on Euronext Amsterdam, complementing our Icelandic listing. We are very pleased to have received very strong levels of support and interest in the Offering from both the retail and institutional investment communities in the UK, US, Iceland, Netherlands and the rest of Europe. The Euronext listing will support the next phase of our growth and better enable us to pursue our vision of a world where quality food is produced sustainably and affordably.”