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Marel hf (MARL.IC)

MARL.IC on Iceland Stock Exchange

350.00ISK
22 May 2017
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350.00 kr
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1,853,268
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368.00 kr
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230.00 kr

Latest Key Developments (Source: Significant Developments)

Marel Q2 EBIT up at EUR 33.2 million
Thursday, 28 Jul 2016 01:25am EDT 

Marel hf. : Reported on Wednesday Q2 revenue of 264.2 million euros versus 218.3 million euros year ago . Q2 EBIT 33.2 million euros versus 28.5 million euros year ago . Said expects modest organic revenue growth and increase in EBIT between years .Said cash generated from operations was strong and the company is investing in the business to improve premises, tools and processes to prepare for full potential and future growth.  Full Article

Marel to acquire MPS meat processing systems
Saturday, 21 Nov 2015 07:00pm EST 

Marel hf:Says has agreed to acquire MPS meat processing systems for 382 million euros on a debt and cash-free basis.On a pro-forma basis Marel's meat segment will contribute to around 30 percent of revenue and EBITDA of Marel following the acquisition.Closing of acquisition is expected to take place in Q1 of 2016.MPS shareholders will invest around 16 million euros of their proceeds in Marel shares.The number of shares they will buy is 10.8 million for the price of 213 Icelandic crowns per share.Marel secured long-term senior financing arranged by Rabobank.The about 670 million euros senior loan facilities has maturity in Nov. 2020.  Full Article

Marel maintains FY 2015 and long-term guidance
Thursday, 30 Jul 2015 05:40am EDT 

Marel hf:Says guidance for FY 2015 is organic revenue growth, with a solid increase in operational and net profit.Says full focus remains on strengthening market approach and operational improvement with aim to reach EBIT of over 100 million euros in FY 2017.  Full Article

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