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    MAREL   IS0000000388

MAREL HF.

(MAREL)
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Marel : Bristol Seafood invest in additional Marel processing solutions

12/15/2020 | 03:26am EDT

As a leading global provider of processing solutions for the fish industry, Marel values their partnership with Bristol and are very happy to be part of this state-of-the-art facility. Magnus Ólason, Marel business manager of North America for the fish industry states, 'Our aim is always to help our customers improve their efficiencies and yields in a market which is now changing at a faster pace than ever before'.

Bristol Seafood's investment in new Marel equipment and technologies matches their growing processing needs. 'This investment and partnership with Marel gives us new capabilities that bring our customers unmatched quality, consistency, precision, and customization', stated Bristol President and CEO Peter Handy.

Some of Marel's most advanced technologies for the fish processing industry will automate the lines of the Bristol Seafood facility. Among them, the I-Cut 11 Portion Cutter will facilitate fixed-weight and length portioning; the Smartline Grader will accurately grade; the FleXicut will optimize fillet utilization; the Multihead Weigher will deliver high throughput of batches and the Skinner will reduce handling. In tandem, this equipment will maximize yield and efficiency.

For more than 40 years, Marel equipment and solutions have been supporting food processors of all sizes to help them operate at peak productivity. Fish processors around the world are better utilizing raw materials while reducing processing time and increasing automation and food safety. In partnership with our customers, Marel is transforming the way food is processed.

'Marel equipment brings a new level of quality, consistency, and precision to Bristol's products', said Handy. With this investment, Bristol Seafood is innovating its processing capabilities in order to improve efficiency, yield, and quality with the highest standard of technology. 'It fills us with pride when companies like Bristol Seafood choose to work with us to continuously improve the quality of their product and product offerings. We look forward to a long relationship between Marel and Bristol Seafood - a relationship where we can grow together,' concluded Ólason.

Disclaimer

Marel hf. published this content on 01 December 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 December 2020 08:24:03 UTC


© Publicnow 2020
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Financials
Sales 2021 1 395 M 1 678 M 1 678 M
Net income 2021 141 M 169 M 169 M
Net Debt 2021 102 M 123 M 123 M
P/E ratio 2021 31,9x
Yield 2021 1,10%
Capitalization 4 403 M 5 304 M 5 296 M
EV / Sales 2021 3,23x
EV / Sales 2022 2,89x
Nbr of Employees 6 800
Free-Float 77,0%
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Mean consensus BUY
Number of Analysts 2
Average target price 6,22 €
Last Close Price 5,91 €
Spread / Highest target 5,55%
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Spread / Lowest Target 4,97%
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Managers and Directors
NameTitle
Árni Oddur Þórðarson Chief Executive Officer
Linda Jonsdottir Chief Financial Officer, EVP-Finance, IT & HR
Ásthildur Margrét Otharsdóttir Chairman
Arnar Þór Másson Vice Chairman
Margret Jonsdottir Independent Director
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