Marel sets new records

Ole Alexander Saue

Fish-process equipment maker, Marel, has reported a record-strong flow of orders for the first quarter of 2018, with turnover up 14 percent year-on-year to EUR 288.4 million.

The company achieved an EBITDA of EUR 55.3 million, up 20 percent over the year-ago period on a flow of equipment orders that swelled 12 percent to EUR 329.3 million. The company order book now stands at EUR 528.7 million.

“We had a good start to the year. Earnings increased by 14 percent over compared to last year,” managing director, Arni Oddur Thordarson said in his quarterly earnings presenation.

“We kept things going with both existing and new customers, and the order flow was record-high this quarter. The order intake was well-balanced, geographically, and strong in all segments,” he said.

Marel is an Icelandic company which delivers process technology to the worldwide poultry, meat and fisheries industries.

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