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Provider : Reuters Investment Profile
Provider : Wright Reports
Provider : Directors Deals Ltd.
Provider : Wright Reports

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Marel updates its Q4 2013 guidance

Friday, 24 Jan 2014 03:24am EST 

Marel hf:Says according to the company's unaudited preliminary results for Q4 2013, revenues are in line with previously issued guidance with deviation in EBIT margin.Expects revenues for Q4 2013 to be 168 million euros with 4.4-percent EBIT.Says the deviation in EBIT margin is mainly caused by cost associated with management changes and a write down of inventories as a result of MarelĀ“s continuous improvement projects. 

Company Quote

-0.5 -0.19%
10:29am EST