Financials

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.

<p><span>Marel is the largest company on NASDAQ Iceland by market capitalization</span></p>

<p>Share monitor</p>

<p>Marel is the largest company on NASDAQ Iceland by market capitalization. Marel shares were the most actively traded on NASDAQ Iceland in 2018 with a turnover rate of 36%.</p>

<p><span class=" author-d-1gg9uz65z1iz85zgdz68zmqkz84zo2qoxvz75zfz122z1z69zxeilz79zbu2rb91z83zz86z2z89zez77zz77z1halz69zz80z">In the period 2017-2026, Marel is targeting 12% average annual revenue growth through market penetration and innovation, complemented by strategic partnerships and acquisitions. </span></p>

Financial targets

In the period 2017-2026, Marel is targeting 12% average annual revenue growth through market penetration and innovation, complemented by strategic partnerships and acquisitions.

TargetFY18FY17FY16

Revenue growth

In the long term, management expects 4-6% average annual market growth. Marel aims to grow organically faster than the market, driven by innovation and market penetration. Solid operational performance and strong cash flow is expected to support 5-7% revenue growth on average by acquisition. Please refer to the latest quarterly results announcement for outlook in the short to medium term.

12% average annual revenue growth in 2017-2026*15.4%5.6%20.1%

Innovation investment

To support new product development and ensure continued competitiveness of existing product offering.

~6% of revenues6.2%5.6%6.5%

Earnings per share (euro cent)

Marel’s management expects Earnings per share to grow faster than revenues

EPS to grow faster than revenues17.9513.7010.59

Leverage

The leverage ratio is estimated to be in line with the targeted capital structure of the company.

Net debt/ EBITDA x2-3x2.0x1.9x2.3

Dividend policy

Dividend or share buy-back targeted at 20-40% of net profits. Excess capital used to stimulate growth and value creation, as well as paying dividends.

20-40% of net profit30%30%20%

* Growth is not expected to be linear but based on opportunities and economic fluctuations. Operational results may vary from quarter to quarter due to general economic developments, fluctuations in orders received and timing of deliveries of larger systems.

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