If you would like to send us an article, contact Margaret Stacey
Orders received in the quarter are expected to be EUR 212 million.
Marel's Results for Q1 2015 Above Expectations
(ICELAND, 4/21/2015)
As provided for in the Marel 2014 annual results, published on February 5th 2015, the management guidance for the year 2015 was organic revenue growth, with a solid increase in operational and net profit. In addition, Marel has previously disclosed the aim to reach EBIT of over 100 million in 2017.
According to Marel‘s management preliminary review of the numbers for Q1 2015 the results for the quarter will be above expectations driven by increased volume, favourable product mix and operational improvements.
Marel achieves strong results in Q1 2015.
Orders received in the quarter are expected to be EUR 212 million. Revenues for Q1 2015 will be close to EUR 209 million, with adjusted EBIT* above 11% of revenue and EBIT close to 8% of revenue. Net result from the quarter is expected to be above EUR 12 million.
Strong EBITDA and cash flow will result in a Total Net Leverage ratio around 1.5 at end of Q1 2015 compared to 2.1 at the end of Q4 2014.**
Market conditions are good with strong tailwind in Marel´s main markets in addition to favourable conditions in financial markets. It should nevertheless be kept in mind that results may vary from quarter to quarter due to general economic developments, fluctuations in volume and mix of revenues.
Q1 2015 results will be released after market closing on April 29th 2015. Marel will hold an investor meeting in the morning of 30th April, where the results and future outlook will be outlined.
* Before refocusing cost.
** Total Net Leverage is based on adjusted EBITDA in recent 12 months and net interest bearing debts at the end of the quarter.
Marel's primary goal is to deliver market-driven innovation that helps customers proactively adapt to continually changing consumer habits and environmental challenges.
About Marel
Marel is the leading global provider of advanced equipment, systems and services to the fish, meat and poultry industries. With offices and subsidiaries in over 30 countries and a global network of more than 100 agents and distributors, Marel works side-by-side with its customers to extend the boundaries of food processing performance.
Vietnam's shrimp exports reached over 686 million USD in Q1/2024 Viet Nam
In March 2024, shrimp exports reached nearly 272 million USD, up 3% over the same period last year. Although the growth rate is still modest, this shows that purchasing power from the markets is recov...
Spanish Fishing Consortia Impact Artisanal Fishing in Central America Nicaragua
The following is an excerpt from an article published by IPS-Inter Press Service:
Spanish transnational fishing companies, especially in Nicaragua, El Salvador and Guatemala, have aimed to exploit ec...
The Norwegian Pelagic Fishing Course in Week 17 Norway
Good week for blue whiting in the Faroese zone, but still poor for the sandeel
Blue whiting:
Last week, 19,499 tonnes of coal mullet were registered from 19 different boats. The fishing has ...
Copyright 1995 - 2024 Seafood Media Group Ltd.| All Rights Reserved. DISCLAIMER