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Marel Q1 2021: Scaling up ahead of the growth curve
April 28, 2021 13:50 ET | Source: Marel hf. Marel hf.
Margins impacted by logistics and mobility challenges as the pandemic escalated
Profitability hampered by step up in sales and service coverage and strategic improvement initiatives
Orders received were EUR 369.4m (1Q20: 351.8m).
The order book
Revenues were EUR 334.0m (1Q20: 301.6m).
EBIT
1 margin of 11.4% (1Q20: 8.4%).
Net result was EUR 21.2m (1Q20: 13.4m).
Basic earnings per share (EPS) were EUR 2.82 cents (1Q20: 1.76 cents).
Cash flow from operating activities before interest and tax was EUR 60.2m (1Q20: 61.5m).
Free cash flow at EUR 45.5m (1Q20: 38.6m)