“This is a really good start to the year and in line with our growth strategy,” said Sigsteinn Grétarsson, COO of Marel, when the company’s results for Q1 2012 were presented at Marel's headquarters, in a meeting with market participants and investors.
“We saw growth in most markets and regions. Slower growth in the US was fully offset by solid growth in Asia and South America.”
Erik Kaman, CFO, presented the financial results for the quarter. He highlighted the strong revenue growth of 20.4%, compared to the same quarter last year, and solid performance, signified by an EBIT margin of 11.4%. “The order book is even higher than in the previous quarter.”
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