Marel hf.: Marel 2017 Annual Report

Marel has published its digital 2017 Annual Report

The report is digital, complete with interesting videos, interactive graphs and
tables. This is the fifth consecutive year that Marel publishes a web version
of its Annual Report, accessible on both marel.com and on the 2017 Annual
Report web: http://ar2017.marel.com. 

A new feature added this year is the unique social widget for each section of
the report. This makes it easier to share specific sections or interesting
stories from the report on social media as opposed to sharing the entire
report. 

Strategy, business operations and corporate responsibility

2017 was a great year with strong financial results. The 2017 Annual Report
provides an extensive overview of the company's strategy and business
operations, as well as providing valuable insight into the business activities
in the development and sale of food processing equipment for the poultry, meat
and fish industry. Revenues in 2017 were over EUR 1 billion and EBIT 15%. Marel
has set a target for 12% average annual revenue growth in 2017-2026, both
through organic growth and acquisitions. 

Innovation is and has been at the core of Marel's strategy from the very
beginning. Marel invests around 6% of revenues in innovation which supports
better yield, safety and sustainability in the food processing industry. In
2017, EUR 58 million were invested in innovation. 

In 2017, Marel became part of the NASDAQ Sustainable Market Initiative for the
first time and is now following the NASDAQ ESG reporting guidelines. The data
of the ESG reporting can be found in the chapter on Responsible Growth in the
Annual Report. 

From start up to a global leader in food processing equipment

In 2017, Marel celebrated 25 years as a listed company. The listing in 1992 on
Nasdaq Iceland marked a significant milestone in Marel's progress from a
startup company to becoming a leading global provider of advanced processing
systems and services to the poultry, meat and fish industries. 

When Marel was listed in 1992 there were 45 employees and revenues totaled at
around EUR 6m. Today, Marel has 5,400 employees in over 30 countries and EUR
1bn in revenues. Over the same period, the compounded average annual revenue
growth has been over 20%. 

Today, Marel is the largest company listed on NASDAQ Iceland by market
capitalization, or 30% of the total market capitalization of all listed
companies in Iceland. Marel has over 2,200 shareholders and 95% are Icelandic
investors. 

Dividends

The Board of Directors has proposed a dividend of EUR 4.19 cents per share for
the operating year 2017, the equivalent of approximately 30% of 2017 net
results. 

Investor relations

For further information, please contact Tinna Molphy via email
[e-mail].