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Marel upped sales and revenue, but profit dipped in 2022

Gardabaer, Iceland-based Marel posted higher sales and revenue in 2022, but its net result dropped. ....

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Stranda Prolog bankruptcy puts EUR 7 million dent into Marel's accounts

Kristiansund, Norway-based seafood-processing technology firm Stranda Prolog filed for insolvency on 5 September, 2022. ....

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Marel: Orders up by 22% in 2021, fueled by pioneering

EXECUTIVE SUMMARY 2021 Highlights: Record orders received and strong pipeline, fueled by pioneering solutions and scale up in local sales and. ....

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Marel closes Valka acquisition

Marel has closed its acquisition of Kópavogur, Iceland-based whitefish- and salmon-processing specialist Valka. ....

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Marel Q1 2021: Scaling up ahead of the growth curve

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) ....

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