Poultry - Marel Annual Report 2021

Poultry is one of Marel’s three key protein industries. We are the global market leader in poultry processing equipment, systems, and services for broiler, turkey, and duck processors …

FAQs about Poultry - Marel Annual Report 2021 Coupon?

Is Marel a poultry company?

Poultry is one of Marel’s three key protein industries. We are the global market leader in poultry processing equipment, systems, and services for broiler, turkey, and duck processors worldwide. Marel’s Poultry division contributed EUR 639 million in revenues in 2021, or 47% of total revenues, translating to an EBIT margin of 14.3%. ...

How did Marel's poultry business perform in 2021?

Marel’s Poultry division contributed EUR 639 million in revenues in 2021, or 47% of total revenues, translating to an EBIT margin of 14.3%. The consumer value of the poultry market is estimated to be around EUR 400 billion, while poultry processing equipment sales are estimated at around EUR 3.6 billion. ...

What is Marel's poultry business segment?

Poultry is one of Marel’s four key business segments. We are the global market leader in poultry processing equipment, systems, services and software for broiler, turkey and duck processors worldwide. Our Poultry segment contributed EUR 832 million in revenues in 2022, or 49% of total revenues, translating to an EBIT margin of 14.2%. ...

What does Marel's acquisition mean for the poultry industry?

The acquisition makes Marel the industry’s only full-line provider of duck processing solutions. The growing duck market (estimated to be ~EUR 6 billion) will become a third pillar within poultry processing alongside broilers and turkey, allowing Marel to leverage its global sales and service network and expand into new markets. ...

What was Marel fish's EBIT margin in 2021?

Adjusted EBIT margin was 5.6% in 2021, compared to 5.4% in 2020. Management continues to target medium and long-term EBIT margin expansion for Marel Fish. For the period 2017-2026, Marel has set a target of 12% average annual increase in revenues, through both organic growth and acquisitions. ...

Why did Marel acquire poultry machinery Joosten in 2021?

They are therefore expected to contribute to the margin expansion targeted by management. The acquisition of Poultry Machinery Joosten (PMJ) in 2021 positioned Marel as the only provider of full-line solutions for duck processing globally. At the time of acquisition, PMJ had about 40 employees and its annual revenues were around EUR 5 million. ...