Investor relations

Investor Relations

Marel is committed to providing stakeholders with comprehensive information on the company and its operations. Investor Relations (IR) is responsible for ensuring that Marel is appropriately and strategically positioned with analysts, investors and other stakeholders.

The objective of the IR department is to help investors make informed decisions in their actions regarding the company’s equity. The IR department does this by providing up-to-date information about the company’s operations, strategy and financial disclosure to current and potential shareholders and third-party equity research analysts.

Sources of investor information

Marel’s passion for innovation extends to our investor relations activities and how we engage with our key audiences using a variety of channels and platforms. We aim to meet the highest standards in our investor relations by continuously improving the quality, transparency and consistency of our information disclosure. Equal access to timely and accurate information, within limits set by commercial sensitivity, is key to building a relationship of mutual trust with key stakeholders.

Social media

Marel uses social media to communicate with its key audience and share news and other material information. Improving engagement on social media is important to understand the sentiments of various stakeholders and boost retail investor participation. Marel has a presence on several social media platforms, including Twitter, LinkedIn and Facebook.

Website

The IR website, at marel.com/ir, provides extensive information on Marel’s strategy, financial performance and governance, specifically suited to its key audience of analysts, investors, and other stakeholders. This includes financial reports and presentations, annual reports, as well as archived recordings and additional materials from quarterly results, Capital Markets Day events and the Annual General Meetings.

Other material includes regulatory announcements, analyst coverage, consensus estimates, financial reports, company presentations, share price data, major shareholders, dividend policy, the financial calendar, as well as information on Marel’s commitments to sustainability, and environmental, social and corporate governance (ESG).

Financial reports

Detailed quarterly and annual financial reporting and analysis, including financial targets and comments on the progress of Marel’s operations, are available on the IR website. Investors and market participants are invited to Marel’s annual and quarterly results presentations, where senior management presents Marel’s results in English for analysts and investors.

Following the live webcast, a recording is archived and available on the IR website. For added convenience, Marel’s financial accounts are also available in Excel.

Annual reports

The annual report clearly sets out how Marel distinguishes itself from its competitors in terms of strategy, innovation, and performance. It provides a comprehensive overview of Marel’s operations, key activities throughout the year, and commitment to sustainability and environmental, social, and corporate governance reporting. The annual report is available in English and is easily accessible online through a desktop computer, tablet, or mobile phone at marel.com/ar. It can also be downloaded in PDF format.

Roadshows and events

Marel regularly engages with current shareholders and potential investors during IR roadshows, conferences, and other events. Regular face-to-face meetings, either in person or virtually, are essential for maintaining and strengthening investor confidence and belief in the company’s vision and strategy for delivering shareholder value.

In 2022, Marel participated in several investor conferences hosted by leading financial institutions. The company was well represented at J.P. Morgan’s European Capital Goods CEO Conference, the Berenberg USA and European Conference, and Jefferies’ Pan-European Mid-Cap Conference, to name a few. In addition, Marel took part in several successful roadshows and fireside chats with investors.

Capital Markets Day

Marel’s Capital Markets Day, held every 18-24 months, is an excellent opportunity for market participants to engage with us and deepen their knowledge of Marel. In 2021, we hosted a series of virtual Capital Markets Day events where the company’s leadership was joined by experts and customers to give a 360° overview of how Marel delivers growth. The successful virtual series continued to draw attention in 2022, effectively communicating our equity story and key messages.

The Capital Markets Day 360° series consisted of five events: a virtual site visit to Marel in Iceland and its innovation partner Brim, as well as four thematic sessions focused respectively on growth, global reach, digitalization, and sustainability.

Analyst coverage

Marel is covered by eight analysts, one Icelandic and seven international, who actively track and publish opinions on Marel and its stock. In 2022, Marel welcomed Jefferies to the analyst coverage of Marel and widened the pool for quarterly consensus estimates. To receive a detailed analysis of Marel’s financial performance, contact one of the analysts listed below.

Company
Country
Analyst
ABN AMRO - ODDO BHF
Netherlands
Eric Wilmer
Berenberg
United Kingdom
Fraser Donlon
Citigroup
United Kingdom
Klas Bergelind
IFS Research (Reitun)
Iceland
Sveinn Hedinsson
Jefferies
United Kingdom
David Kerstens
J.P. Morgan
United Kingdom
Akash Gupta
Kepler Cheuvreux
Netherlands
Andre Mulder
ING Bank
Netherlands
Tijs Hollestelle

 

Note: This list is provided for informational purposes only and is subject to change. Any opinions, estimates, or forecasts regarding Marel’s performance or outlook given out by these analysts and their respective brokerage firms are their own. By providing the list above, Marel does not imply its endorsement of or concurrence with such information, conclusions, or recommendations. Marel will not distribute analyst reports. Copies of reports should be obtained directly from the analysts or their brokerage firms.

 

 

Consensus estimates

In 2021, analyst consensus estimates for Marel were made publicly available to the market for the first time. Vara Research, an independent service provider of external investor relations services, collects analyst estimates on Marel’s behalf.

The resulting high-quality consensus data supports market participants by reflecting the expectations of the research analysts covering Marel, leading to increased transparency and credibility between Marel and market participants. The consensus estimates are compiled throughout the year and updated around the company’s quarterly results. The consensus is published on the external website of Vara Research and is also available from marel.com/ir.

Financial calendar for 2023

Marel will host its Annual General Meeting and publish its interim condensed and annual consolidated financial statements according to the 2023 financial calendar.

Event Date
Q1 2023
3 May 2023
Q2 2023
26 July 2023
Q3 2023
23 October 2023
Q4 2023
7 February 2024
Annual General Meeting
20 March 2024

 

Investor relations

Contact IR

Tinna Molphy


Director of Investor Relations

Marino Thor Jakobsson


Investor Relations

Ellert Gudjonsson


Investor Relations