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."