Analyst coverage

Company Analyst Telephone Email
Arion banki Elvar Ingi Möller +354 444 7000 elvar.moller@arionbanki.is
Arion banki Stefán Broddi Guðjónsson +354 444 7000 stefan.gudjonsson@arionbanki.is
Capacent Snorri Jakobsson +354 540 1045 snorri.jakobsson@capacent.is
IFS Consulting Sigurður Örn Karlsson +354 533 4600 sigurdur@ifs.is
Landsbankinn Sveinn Þórarinsson +354 410 4000 sveinn.thorarinsson@landsbankinn.is
Stockviews Mahgul Ansari +44(0)203 824 0332 mahgul@stockviews.com

 

Updated on 30 November 2018

This list may not be complete, and may change from time to time. We update the list periodically, but undertake no obligation to do so. Any opinions, estimates or forecasts made by these analysts on Marel's performance are not opinions, forecasts or predictions of Marel or its management. By providing the list above, Marel does not imply its endorsement of or concurrence with such information, conclusions or recommendations. Copies of reports by any of the listed analysts must be obtained directly from the analysts or their firms. Marel does not distribute such reports.

 

Dividends

Marel’s Dividend policy was first disclosed at Marel’s annual general meeting in March 2011.

Dividend policy

  • Target of 2-3 times Net debt/EBITDA ratio
  • Excess capital used to stimulate growth and value creation, as well as paying dividends
  • Dividend or share buy-back targeted at 20-40% of net profits

Shareholders

Top 20 largest shareholders (as of 29 October 2018)

Rank Shareholders Type Shares %
1 Eyrir Invest hf. Investment company 190,366,838 25.88
2 Lífeyrissjóður verslunarmanna Pension fund 68,354,042 9.29
3 Gildi - lífeyrissjóður Pension fund 46,594,880 6.33
4 Lífeyrissjóður starfmanna ríkisins A-deild Pension fund 33,120,000 4.50
5 Birta lífeyrissjóður Pension fund 27,879,567 3.79
6 MSD Partners Luxembourg S.á.r Investment company 24,600,000 3.34
7 Stefnir - ÍS 15 Asset management 15,003,721 2.04
8 Stapi lífeyrissjóður Pension fund 14,803,455 2.01
9 Festa - lífeyrissjóður Pension fund 12,984,985 1.77
10 Stefnir - ÍS 5 Asset management 12,902,980 1.75
11 Lífeyrissjóður starfsmanna ríkisins B-deild Pension fund 12,240,600 1.66
12 Frjálsi lífeyrissjóðurinn Pension fund 12,225,199 1.66
13 Almenni lífeyrissjóðurinn Pension fund 10,539,220 1.43
14 Landsbankinn - safnreikningur 1 Bank - custody account 10,173,189 1.38
15 Landsbankinn hf. Bank 8,686,480 1.18
16 Smallcap World Fund Inc. Asset management 8,678,822 1.18
17 Kvika banki hf. Bank 7,783,138 1.06
18 Lífsverk lífeyrissjóður Pension fund 7,771,817 1.06
19 Brú - lífeyrissjóður starfsmanna sveitarfélaga Pension fund 7,723,631 1.05
20 Sjóvá - Almennar tryggingar hf. Insurance company 6,369,472 0.87
  Top 20 total   538,802,036 73.25
  Others
  136,030,135 18.49
  Marel hf.*   60,736,826 8.26
  Total issued shares   735,568,997 100.000

 

*The board of directors of Marel hf. has authorized management to purchase own shares for nominal value of 20 million, to be used as payment for potential future acquisitions, based on an authorization from Marel’s AGM for the Company to acquire up to 10% of its own shares. For further information, please see Marel’s announcement on 7 February 2018.

 

 

Distribution of shares

(excluding treasury shares, as of 31 December 2017)

Number of shares Shareholders % Shares %
1 - 9,999
1,432
64.91 4,789,114
0.69
10,000 - 99,999 586 26.56 17,080,691
2.46
100,000 - 9,999,999
174
7.89 164,737,564 23.74
10,000,000 - 99,999,999 13 0.59 316,847,564 45.67
100,000,000 and more 1 0.05 190,366,838 27.44
Total without treasury shares 2,206 100.00 693,821,771 100.00

 

 

 

 

IFrame Example

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height: 21px;"><span class="article-icon"><a data-udi="umb://document/9d0f0abaf1ae4f66a97188c4bc940376" href="/articles/q4-and-full-year-2017-results/" title="Q4 and full year 2017 results - 07-02-2018 - marel.com">Article</a></span></td> <td style="width: 15.3991%; height: 21px;"> </td> <td style="width: 11.2669%; height: 21px;"><span class="article-icon"><a data-udi="umb://document/f4046db59d5c4383a2a7ef0ffc1a628c" href="/articles/marel-q3-2017-results/" title="Marel Q3 2017 results - 25-10-2017 - marel.com">Article</a></span></td> </tr> <tr style="height: 21px;"> <td style="width: 23.2024%; height: 21px;">Investor presentation</td> <td style="width: 17.7752%; height: 21px;"><span class="pdf-icon"><a rel="noopener" data-udi="umb://media/82b82071da184c598bfc1b60bbda0d85" href="/media/52568/marel-q3-2018-presentation.pdf" target="_blank" title="marel-q3-2018-presentation.pdf">PDF</a></span></td> <td style="width: 14.9859%; height: 21px;"><span class="pdf-icon"><a rel="noopener" data-udi="umb://media/94023713433e45f4b00b1c4e1baa7edc" href="/media/52570/marel-q2-2018-presentation.pdf" target="_blank" title="marel-q2-2018-presentation.pdf">PDF</a></span></td> <td style="width: 4.03548%; height: 21px;"><span class="pdf-icon"><a rel="noopener" data-udi="umb://media/828a44a74f8d4238bb368fe55bacc753" href="/media/52572/marel-q1-2018-presentation.pdf" target="_blank" title="marel-q1-2018-presentation.pdf">PDF</a></span></td> <td style="width: 13.333%; height: 21px;"><span class="pdf-icon"><a rel="noopener" data-udi="umb://media/d19608f9a82b4979b2c361513189aeaa" href="/media/52574/marel-q4-2017-presentation.pdf" target="_blank" title="marel-q4-2017-presentation.pdf">PDF</a></span></td> <td style="width: 15.3991%; height: 21px;"><span class="pdf-icon"><a rel="noopener" data-udi="umb://media/b472884f90bc411fa35db01f1cd01fa3" href="/media/52581/marel_capital_markets_day_nov_2017.pdf" target="_blank" title="marel_capital_markets_day_Nov_2017.pdf">PDF</a></span></td> <td style="width: 11.2669%; height: 21px;"><span class="pdf-icon"><a rel="noopener" data-udi="umb://media/8950041eea3348708183f98af4960323" href="/media/52576/marel-q3-2017-presentation.pdf" target="_blank" title="marel-q3-2017-presentation.pdf">PDF</a></span></td> </tr> <tr style="height: 21px;"> <td style="width: 23.2024%; height: 21px;">Investor webcast</td> <td style="width: 17.7752%; height: 21px;"><span class="video-icon">Recording</span></td> <td style="width: 14.9859%; height: 21px;"><span class="video-icon"><a rel="noopener" href="https://vimeo.com/281775502" target="_blank">Recording</a></span></td> <td style="width: 4.03548%; height: 21px;"><span class="video-icon"><a rel="noopener" href="https://vimeo.com/266279003" target="_blank">Recording</a></span></td> <td style="width: 13.333%; height: 21px;"><span class="video-icon"><a rel="noopener" href="https://vimeo.com/254838423" target="_blank">Recording</a></span></td> <td style="width: 15.3991%; height: 21px;"> </td> <td style="width: 11.2669%; height: 21px;"><span class="video-icon"><a rel="noopener" href="https://vimeo.com/239971283" target="_blank">Recording</a></span></td> </tr> </tbody> </table>