Marel hf (CHIX:MARELa)

€ 3.22 0 (0%) Market Cap: 3.17 Bil Enterprise Value: 3.99 Bil PE Ratio: 0 PB Ratio: 2.86 GF Score: 83/100

Q4 2022 Marel hf Earnings Call Transcript

Feb 09, 2023 / 08:30AM GMT

Release Date Price: €3.52

Transcript

Tinna JÃ³nsdÃ³ttir Molphy

Marel hf. - Director of IR

Good morning, and a warm welcome to our fourth quarter and full year results. My name is Tinna Molphy, and I'll be your moderator in today's session, where CEO, Arni Oddur Thordarson; and CFO, Stacey Katz, will go over the financial results and some key business highlights.

If you would like to ask a question, please do so via the "Raise your hand" feature in the built-in Zoom or alternatively, you can e-mail us a question to [email protected].

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

Arni Oddur Thordarson

Marel hf. - CEO

Thank you, Tinna, and welcome, everybody, to our fourth quarter '22 and full year results. To say the least last year was eventful. It was a year of challenges in the food value chain. The consumers are shifting the consumer behavior, trading down to poultry, for instance, from meat to trading down to more affordable solutions. As well the flow in the food value chains were facing challenges, bottlenecks. As well as in overall the global value supply

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