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    MAREL   IS0000000388

MAREL HF.

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Marel : set to open new office in Brazil in June

04/15/2021 | 06:00pm EDT

16 Apr 2021

Marel set to open new office in Brazil in June

As announced in Q3 2020, Marel is relocating its Brazilian office from Piracicaba to Campinas, as well as opening a new Progress Point demonstration and training center at the same location. The move will take place in June.

'Since announcing last year that Marel will be relocating its Brazil office to Campinas, our teams have been working hard with all parties involved in building the new space and preparing for the move,' says Clausius Nobrega, Regional Director Marel Latin America.

The new Progress Point will be Latin America's first Marel demo center, which will strengthen the company's ability to support Latin American food processors with advanced, automated systems and solutions for every step of the production process.

'We look forward to being able to showcase our equipment to customers in the region, and to giving them a hands-on experience of our technology,' says Nobrega. 'The new office and demo center are part of Marel's growth strategy in Brazil and the region, and will bring us closer to many of our customers.'

The new 4,700m² facility within the Bresco Corporate Park is situated in a central area close to the Campinas city center and just five minutes from the Viracopos International Airport.

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Marel hf. published this content on 16 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 April 2021 12:40:05 UTC.


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Financials
Sales 2021 1 397 M 1 662 M 1 662 M
Net income 2021 128 M 153 M 153 M
Net Debt 2021 114 M 136 M 136 M
P/E ratio 2021 33,0x
Yield 2021 1,04%
Capitalization 4 341 M 5 177 M 5 166 M
EV / Sales 2021 3,19x
EV / Sales 2022 2,85x
Nbr of Employees 6 800
Free-Float 82,9%
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 2
Average target price 6,31 €
Last Close Price 5,77 €
Spread / Highest target 11,2%
Spread / Average Target 9,33%
Spread / Lowest Target 7,46%
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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