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MarketScreener Homepage  >  Equities  >  Nasdaq Iceland  >  Marel hf.    MAREL   IS0000000388

MAREL HF.

(MAREL)
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Marel : commits to the Science Based Targets initiative

01/19/2021 | 03:26am EDT

Marel's commitment to the Science Based Targets initiative (SBTi) reflects its increased focus on sustainability as a crucial part of its strategy.

Science-based targets provide companies with a clearly-defined path to lead the way to a low-carbon future. This marks an important next step in Marel's sustainability journey and its responsibility as a corporate citizen to support and enable sustainable development.

Marel is a member of the Nordic CEOs for a Sustainable Future coalition, created to inspire cooperative action towards the UN Sustainable Development Goals and the Paris Agreement in the Nordics.

'Sustainability is our business. In partnership with the most forward-thinking food processors in the world, Marel is transforming the way food is processed,' says Arni Oddur Thordarson, CEO of Marel.

'Our vision is of a world where quality food is produced sustainably and affordably. We are committed to setting science-based targets to ensure we continue to minimize the environmental footprint of our operations and support the food industry in taking further steps towards sustainable development. I am optimistic about the future and our vision is now more relevant than ever.

'We are motivated every day knowing that we are pioneers, continuously introducing new solutions to ensure the availability of quality food that is produced in an affordable and sustainable way'.

Focused on sustainable food processing

To improve the disclosure of climate-related risks and opportunities, Marel has also committed to integrating the recommendations of the Task Force on Climate-Related Financial Disclosure (TCFD) into Marel's 2021 climate-risk reporting.

The food industry faces many global challenges, including climate change. Food processors require innovative solutions that meet the needs of present generations without compromising the future of coming generations.

With its focus on sustainability, Marel's strategy helps future-proof the company's growth and set new standards for the food processing industry, while answering the Global Compact's call to the private sector for corporate responsibility and transparency.

For further information, please visit marel.com/sustainability.

Disclaimer

Marel hf. published this content on 15 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 January 2021 08:25:06 UTC


© Publicnow 2021
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Financials
Sales 2021 1 395 M 1 669 M 1 669 M
Net income 2021 141 M 169 M 169 M
Net Debt 2021 102 M 122 M 122 M
P/E ratio 2021 31,5x
Yield 2021 1,11%
Capitalization 4 390 M 5 262 M 5 253 M
EV / Sales 2021 3,22x
EV / Sales 2022 2,88x
Nbr of Employees 6 800
Free-Float 77,0%
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 2
Average target price 6,22 €
Last Close Price 5,84 €
Spread / Highest target 6,82%
Spread / Average Target 6,53%
Spread / Lowest Target 6,24%
EPS Revisions
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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