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<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>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>
Marel is targeting 12% average annual revenue growth from 2017-2026 through market penetration and innovation, complemented by strategic partnerships and acquisitions.
Up to 2026, management forecasts 4-6% average annual market growth. Marel aims to grow organically faster than the market, driven by innovation and growing market penetration. Solid operational performance and strong cash flow is expected to support 5-7% revenue growth on average by acquisitions.
|12% average annual revenue growth in 2017-2026*||7.2%||15.4%||5.6%||20.1%|
To support new product development and ensure continued competitiveness of existing product offering.
|~6% of revenues||6.4%||6.2%||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 revenues||15.3||17.95||13.70||10.59|
The leverage ratio is estimated to be in line with the targeted capital structure of the company.
|Net debt/ EBITDA x2-3||x0.4||x2.0||x1.9||x2.3|
Dividend or share buyback targeted at 20-40% of net profits. Excess capital used to stimulate growth and value creation, as well as payment of dividends / funding share buybacks.
|20-40% of net profit||40%||30%||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.