Icelandic equipment supplier Marel expects to report higher than expected results for the first quarter of the year, driven by increased volume, favorable product mix and operational improvements, the company said in an update.
According to a preliminary review, revenues for the quarter will be close to €209 million ($224.6 million) on expected orders of €212 million ($227.8 million).
Adjusted earnings before interest and taxes (EBIT) is predicted to come in at above 11 percent of revenue and EBIT close to 8 percent of revenue, the company said.
Net
