30 years as a listed company
The listing in 1992 marked a significant milestone in Marel’s progress from a startup company to being a leading global provider of solutions, software and services to the food processing industries. Armed with innovation – the core of our strategy – Marel is continuously transforming food processing, enabling our customers to automate and digitize their operations for higher food quality, food safety and more sustainability in food production.
At the time of listing in 1992, Marel had 45 employees and EUR 6 million in revenues. In 2021, Marel had over 7,000 employees in over 30 countries, servicing customers in over 140 countries, and EUR 1.4 billion in revenues. Over the same period, the compounded average annual revenue growth has been 20% creating excellent value for our shareholders. Since listing on Nasdaq Iceland and dual listing on Euronext Amsterdam in 2019, Marel has attracted a diversified international shareholder base. With their continued support, Marel is well positioned to realize its long-term growth strategy to reach EUR 3 billion in revenues in 2026.
Congratulations also to the great team at Marel, it is a true privilege to work with seven thousand pioneers, who in partnership with our customers and suppliers, are transforming the way food is processed for a more sustainable future.
For further information, please contact:
For further information, please contact Marel Investor Relations via email ir@marel.com or tel. +354 563 8001.
About Marel
Marel (NASDAQ: MAREL; AEX: MAREL) is a leading global provider of advanced food processing equipment, systems, software, and services to the poultry, meat and fish industries. In line with its 2017- 2026 growth strategy, Marel has gradually expanded its business model into adjacent industries, where most recently the acquisition of Wenger has added a fourth pillar focused on pet food, plant-based protein and aqua feed. Our united team of over 7,500 employees in over 6 continents delivered EUR 1.4 billion in revenues in 2021. Annually, Marel invests around 6% of revenues in innovation. By continuously transforming food processing, we enable our customers to increase yield and throughput, ensure food safety and improve sustainability in food production. Marel was listed on NASDAQ Iceland in 1992 and dual-listed on Euronext Amsterdam in June 2019. For further information, please visit marel.com/ir.