ep_bilder

Marel machinery in demand

Gustav-Erik Blaalid
Published Modified

"The fourth quarter was a good quarter for Marel with record revenue and order intake. In the quarter we saw revenue increase by 19% and order intake by 27% compared with the same quarter one year ago," says CEO, Arni Oddur Thordarson.

Key figures (Euro) for Q4:

  • Revenue for Q4 2014 totaled 200.0m [Q4 2013: 168.2m].
  • Adjusted EBITDA* for Q4 2014 was 28.1m or 14.1% of revenue. EBITDA was 21.0m or 10.5% of revenue [Q4 2013: 14.1m].
  • Adjusted operating profit* (adj.EBIT) for Q4 2014 was 16.1m or 8.0% of revenue. EBIT was 8.5m or 4.2% of revenue [Q4 2013: 7.4m].
  • Net result for Q4 2014 was 3.0m [Q4 2013: 3.7m]. Earnings per share were 0.41 euro cents [Q4 2013: 0.50 euro cents].
  • Cash flow from operating activities before interest and tax was 32.7m [Q4 2013: 34.7m]. Net interest bearing debt was 174.3m at the end of Q4 2014 [Q4 2013: 217.1m].

Full year 2014

  • Revenue for 2014 totaled 712.6m, an increase of 7.7% compared with the previous year [2013: 661.5m].
  • Adjusted EBITDA* was 83.7m or 11.7% of revenue. EBITDA was 66.7m or 9.4% of revenue [2013: 69.4m].
  • Adjusted operating profit* (adj.EBIT) for 2014 was 48.8m or 6.8% of revenue. EBIT was 29.2m or 4.1% of revenue [2013: 42.9m].
  • Net result for 2014 was 11.7m [2013: 20.6m]. Results were affected by one-off costs associated with the refocusing actions in 2014. Earnings per share were 1.60 euro cents [2013: 2.81 euro cents].
  • Cash flow from operating activities before interest and tax was 102.2m [2013: 80.3m]. Net interest bearing debt was 174.3m at the end of the year [2013: 217.1m].

news archive