Analyst coverage

CompanyAnalystTelephoneEmail
Arion bankiElvar Ingi Möller+354 444 7000elvar.moller@arionbanki.is
Arion bankiStefán Broddi Guðjónsson+354 444 7000stefan.gudjonsson@arionbanki.is
CapacentSnorri Jakobsson+354 540 1045snorri.jakobsson@capacent.is
IFS ConsultingSigurður Örn Karlsson+354 533 4600sigurdur@ifs.is
LandsbankinnSveinn Þórarinsson+354 410 4000sveinn.thorarinsson@landsbankinn.is
StockviewsMahgul Ansari+44(0)203 824 0332mahgul@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)

RankShareholdersTypeShares%
1Eyrir Invest hf.Investment company190,366,83825.88
2Lífeyrissjóður verslunarmannaPension fund68,354,0429.29
3Gildi - lífeyrissjóðurPension fund46,594,8806.33
4Lífeyrissjóður starfmanna ríkisins A-deildPension fund33,120,0004.50
5Birta lífeyrissjóðurPension fund27,879,5673.79
6MSD Partners Luxembourg S.á.rInvestment company24,600,0003.34
7Stefnir - ÍS 15Asset management15,003,7212.04
8Stapi lífeyrissjóðurPension fund14,803,4552.01
9Festa - lífeyrissjóðurPension fund12,984,9851.77
10Stefnir - ÍS 5Asset management12,902,9801.75
11Lífeyrissjóður starfsmanna ríkisins B-deildPension fund12,240,6001.66
12Frjálsi lífeyrissjóðurinnPension fund12,225,1991.66
13Almenni lífeyrissjóðurinnPension fund10,539,2201.43
14Landsbankinn - safnreikningur 1Bank - custody account10,173,1891.38
15Landsbankinn hf.Bank8,686,4801.18
16Smallcap World Fund Inc.Asset management8,678,8221.18
17Kvika banki hf.Bank7,783,1381.06
18Lífsverk lífeyrissjóðurPension fund7,771,8171.06
19Brú - lífeyrissjóður starfsmanna sveitarfélagaPension fund7,723,6311.05
20Sjóvá - Almennar tryggingar hf.Insurance company6,369,4720.87
Top 20 total538,802,03673.25
Others
136,030,13518.49
Marel hf.*60,736,8268.26
Total issued shares735,568,997100.000

*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 sharesShareholders%Shares%
1 - 9,999
1,432
64.914,789,114
0.69
10,000 - 99,99958626.5617,080,691
2.46
100,000 - 9,999,999
174
7.89164,737,56423.74
10,000,000 - 99,999,999130.59316,847,56445.67
100,000,000 and more10.05190,366,83827.44
Total without treasury shares2,206100.00693,821,771100.00

IFrame Example

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<table border="1" height="161" style="height: 161px; width: 968px; border-collapse: collapse;"> <tbody> <tr style="height: 21px;"> <td style="width: 23.2024%; height: 21px;"> </td> <td style="width: 17.7752%; height: 21px;"><strong>Q3 2018 results</strong></td> <td style="width: 14.9859%; height: 21px;"><strong>Q2 2018 results</strong></td> <td style="width: 4.03548%; height: 21px;">Q1 2018 results</td> <td style="width: 13.333%; height: 21px;">Q4 2017 results</td> <td style="width: 15.3991%; height: 21px;">Capital Markets Day</td> <td style="width: 11.2669%; height: 21px;">Q3 2017 results</td> </tr> <tr style="height: 21px;"> <td style="width: 23.2024%; height: 21px;">Financial accounts</td> <td style="width: 17.7752%; height: 21px;"><span class="pdf-icon"><a rel="noopener" data-udi="umb://media/857035a7084f4972b5162415aac3d639" href="/media/52566/marel-q3-2018-statements.pdf" target="_blank" title="marel-q3-2018-statements.pdf">PDF</a></span></td> <td style="width: 14.9859%; height: 21px;"><span class="pdf-icon"><a rel="noopener" data-udi="umb://media/d9c965e26c6c49249cb900b007aeb166" href="/media/52569/marel-q2-2018-statements.pdf" target="_blank" title="marel-q2-2018-statements.pdf">PDF</a></span></td> <td style="width: 4.03548%; height: 21px;"><span class="pdf-icon"><a rel="noopener" data-udi="umb://media/75a77f99fc88410e8a11fb5612682eb6" href="/media/52571/marel-q1-2018-statements.pdf" target="_blank" title="marel-q1-2018-statements.pdf">PDF</a></span></td> <td style="width: 13.333%; height: 21px;"><span class="pdf-icon"><a rel="noopener" data-udi="umb://media/992e8a81c6c440609ec9f0985ec8eee7" href="/media/52573/marel-q4-2017-statements.pdf" target="_blank" title="marel-q4-2017-statements.pdf">PDF</a></span></td> <td style="width: 15.3991%; height: 21px;"> </td> <td style="width: 11.2669%; height: 21px;"><span class="pdf-icon"><a rel="noopener" data-udi="umb://media/029460e41f6b4dd2a77378daf3b560ab" href="/media/52575/marel-q3-2017-statements.pdf" target="_blank" title="marel-q3-2017-statements.pdf">PDF</a></span></td> </tr> <tr style="height: 21px;"> <td style="width: 23.2024%; height: 21px;">Excel</td> <td style="width: 17.7752%; height: 21px;"><span class="pdf-icon"><a rel="noopener" data-udi="umb://media/b62ce1da4c994372a6bf8390caa34be3" href="/media/52567/marel-q3-2018-excel.xlsx" target="_blank" title="marel-q3-2018-excel.xlsx">XLS</a></span></td> <td style="width: 14.9859%; height: 21px;"> </td> <td style="width: 4.03548%; height: 21px;"> </td> <td style="width: 13.333%; height: 21px;"> </td> <td style="width: 15.3991%; height: 21px;"> </td> <td style="width: 11.2669%; height: 21px;"> </td> </tr> <tr style="height: 21px;"> <td style="width: 23.2024%; height: 21px;">Press release</td> <td style="width: 17.7752%; height: 21px;"><span class="article-icon"><a data-udi="umb://document/ed647d4dff024f78a7b1907efc3e5326" href="/articles/marel-q3-2018-results/" title="Marel Q3 2018 results - 31-10-2018 - marel.com">Article</a></span></td> <td style="width: 14.9859%; height: 21px;"><span class="article-icon"><a data-udi="umb://document/c97b8961c0274ddc9f5ce18ba49b5763" href="/articles/marel-q2-2018-results/" title="Marel Q2 2018 results - 25-07-2018 - marel.com">Article</a></span></td> <td style="width: 4.03548%; height: 21px;"><span class="article-icon"><a data-udi="umb://document/60e2713b1b704bfeae699ac9993a9d28" href="/articles/marel-q1-2018-results/" title="Marel Q1 2018 results - 23-04-2018 - marel.com">Article</a></span></td> <td style="width: 13.333%; 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>