Marel hf.
Marel – Results for Q1 2015 above expectations
Marel hf. 20.04.2015 10:14 Dissemination of a Adhoc News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- As provided for in the Marel 2014 annual results, published on February 5th 2015, the management guidance for the year 2015 was organic revenue growth, with a solid increase in operational and net profit. In addition, Marel has previously disclosed the aim to reach EBIT of over 100 million in 2017. According to Marel's management preliminary review of the numbers for Q1 2015 the results for the quarter will be above expectations driven by increased volume, favourable product mix and operational improvements. Orders received in the quarter are expected to be EUR 212 million. Revenues for Q1 2015 will be close to EUR 209 million, with adjusted EBIT* above 11% of revenue and EBIT close to 8% of revenue. Net result from the quarter is expected to be above EUR 12 million. Strong EBITDA and cash flow will result in a Total Net Leverage ratio around 1.5 at end of Q1 2015 compared to 2.1 at the end of Q4 2014.** Market conditions are good with strong tailwind in Marel's main markets in addition to favourable conditions in financial markets. It should nevertheless be kept in mind that results may vary from quarter to quarter due to general economic developments, fluctuations in volume and mix of revenues. Q1 2015 results will be released after market closing on April 29th 2015. Marel will hold an investor meeting in the morning of 30th April, where the results and future outlook will be outlined. * Before refocusing cost. ** Total Net Leverage is based on adjusted EBITDA in recent 12 months and net interest bearing debts at the end of the quarter. News Source: NASDAQ OMX 20.04.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Marel hf. Iceland Phone: Fax: E-mail: Internet: ISIN: IS0000000388 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
Aktuelle News
Aktuelle Berichte
Keine Berichte gefunden
Anstehende Events
Keine Events gefunden
Webcasts
Keine Webcasts gefunden