News and analysis on the global poultry
and animal feed industries.
on August 3, 2010

Marel revenues grow 26.9% in Q2 2010

Company achieves long-term financial targets for second consecutive quarter

Marel, an Iceland-based food processing equipment provider, achieved a 10 to 12% return on sales for the second consecutive quarter, according to the company.

Marel's business saw a 26.9% growth in revenues of EUR136.1 million compared to the second quarter of 2009. "We believe that this level of performance is sustainable and can serve as a baseline for further growth moving forward," said CEO Theo Hoen. "Our challenge now is to reinforce the company's position as market leader and, at the same time, to increase profitability."

Comments powered by Disqus