Marel hf - Company Profile
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Marel hf (Marel) is a provider of advanced solutions and services for food processing. It manufactures, develops, distributes, and sells advanced equipment, systems and provide services and solutions to the fish, meat, and poultry processing industries. The company offers systems for processing broilers, turkeys and ducks, equipment and systems for processing farmed and wild salmon and whitefish onboard and ashore. Marel also provides solutions on deboning and trimming, case ready food service, bacon processing; and provides products for portioning, coating, heat treatment and sausage making. The company serves customers in poultry, fish, meat, and further processing industries across North America, Europe, and other regions. It has operations in North America, Latin America, Europe, Asia and Ocenia, and Middle East and Africa. Marel is headquartered in Gardabaer, Iceland.
Headquarters
Iceland
Address
Austurhraun 9, Gardabaer, 210
Website
marel.com
Telephone
354 5 638000
No of Employees
7,407
Industry
Industrial Goods and Machinery
Ticker Symbol & Exchange
MAREL (ICE)
Revenue (2022)
$1.9B
0.7%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-47.2%
(2022 vs 2021)
Market Cap*
$2.7B
Net Profit Margin (2022)
XYZ
-47.7%
(2022 vs 2021)
* As of and is in US$
Marel hf premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| - | - | - |
| Integrated Poultry Processing Systems | Generic Services | Marel Meat |
| Meat Processing Equipment | Repairs and Parts | |
| XYZ | XYZ | |
| XYZ | XYZ | |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Financing Agreements | In July, the company announced a two-year extension to the EUR700 million sustainability-linked revolving credit facility. |
| 2023 | Contracts/Agreements | In April, the company entered into an agreement to acquire 100% of operating assets of E+V Technology. |
| 2023 | Contracts/Agreements | In March, the company entered a joint venture agreement with ADM to build an innovation center in the Netherlands. |
Competitor Comparison
| Key Parameters | Marel hf | Precia S.A. | Baader GmbH & Co KG | Frontmatec A/S | GEA Food Solutions Germany GmbH |
|---|---|---|---|---|---|
| Headquarters | Iceland | France | Germany | Denmark | Germany |
| City | Gardabaer | Privas | Lubeck | Skive | Biedenkopf-Wallau |
| State/Province | - | Rhone Alpes | Schleswig-Holstein | - | Hessen |
| No. of Employees | 7,407 | 1,368 | - | - | - |
| Entity Type | Public | Public | Private | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Arni Sigurdsson | Chief Executive Officer | Senior Management | 2023 | - |
| Sebastiaan Boelen | Chief Financial Officer | Senior Management | 2024 | - |
| Linda Jonsdottir | Chief Operating Officer | Senior Management | 2022 | - |
| David Freyr Oddsson | Chief Human Resources Officer | Senior Management | 2022 | - |
| Arnar Thor Masson | Chairman | Non Executive Board | 2021 | 52 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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