“We when look at the first nine months of the year, we see a 10.6% growth compared to last year, which is in line with our strategy,” said Theo Hoen, CEO of Marel.
“This is despite slower growth in recent months, due to challenging market conditions. We are in fact very satisfied with how the business is growing at the moment and feel that we are doing well. Also, the profit margin has improved.”
Erik Kaman, CFO, presented the financial statements and discussed the results in more detail.
“Looking at our order book it amounts to 151 million which is normal for Marel and the manufacturing load is at acceptable level. The timing of large orders received always impacts the level of the order book.
“Therefore the variation between quarters is quite normal. We at Marel take a longer term view on the future and expect the company to continue to grow.”