Marel hf (OTCPK:MRRLF)

$ 3.46 0.12 (3.59%) Market Cap: 2.66 Bil Enterprise Value: 3.61 Bil PE Ratio: 0 PB Ratio: 2.41 GF Score: 85/100

Q1 2023 Marel hf Earnings Call Transcript

May 04, 2023 / 08:30AM GMT

Release Date Price: $2.67

Transcript

Tinna JÃ³nsdÃ³ttir Molphy

Marel hf. - Director of IR

(technical difficulty) First Quarter Investor Meeting where CEO Arni Oddur Thordarson and CFO, Stacey Katz will go over the first quarter financial results and some key business highlights. My name is Tinna Molphy, Investor Relations, and I'll be your moderator in today's session. We will start with the presentations from (inaudible) and then move into Q&A. If you would like to ask the questions, there's 2 ways. You can use to raise your hand feature in Zoom or you can e-mail us a question to [email protected], and we will then relate your name, your company and the questions.

With that, I'd like to hand over to Arni Oddur Thordarson, CEO.

Arni Oddur Thordarson

Marel hf. - CEO

Thank you, Tinna. Dear investors, today, we present the first quarter '23. '23 is a year where our midterm targets changed into year-end targets. The year-end targets are 14% to 16% EBIT as a run rate for the full 4 quarter. Investors have started to say because we talk about seasonality in first quarter. Are you talking

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