2021 Annual Report

To our stakeholders

Circling success

Despite a challenging year, 2021 was a great success, characterized by continued innovation, organic growth, and acquisitions. Via our pioneering new solutions, we continued transforming food processing. We received record orders, and our order book grew healthier as our customers increasingly automated and digitalized their operations to optimize for more efficient and sustainable processing.


Arnar Thor Masson

"Marel is well positioned to deliver growth globally, digitally and sustainably. Our success is defined by the success of our customers, the passion of our employees and the impact we can have through innovation on the planet’s precious resources."

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Chief Executive Officer

Arni Oddur Thordarson

"In 2021, Marel further intensified its progress towards its mid-term and long-term targets. We launched new breakthrough innovations, invested in our global reach and manufacturing facilities, and completed bolt-on acquisitions. The demand for highly automated and digital solutions has never been clearer, evidenced by the 22% increase in orders over the year."

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Marel in brief

Unity all around

We are a dedicated team of more than 7,000 people in different corners of the world. We each have a unique role, skill-set, and body of experience, and together we speak a multitude of languages. Diverse as we are, we all share the same passion: improving food safety and quality while respecting our planet’s precious resources.

2021 in brief

Financial highlights



Adjusted EBIT margin

0 %

Orders received


Order book



Delivering growth

A panorama of growth

The food value chain is undergoing a system change, with Marel in pole position thanks to its inherent focus on automation, robotics technology, and digital solutions for sustainable processing. We ensure our customers’ agility and flexibility, catering to changing consumer demands across various market channels such as e-commerce, food service, and traditional supermarkets.


Excellence at every angle

Marel has a solid community of shareholders who contribute to our steady growth by trusting our ability to transform food processing. Our dual listing on Euronext Amsterdam and Nasdaq Iceland has strengthened our capital structure and diversified our shareholder base. It has also increased our visibility and broadened our analyst coverage.

Responsible growth

Innovation at every turn

Marel was founded on improving yield and maximizing nature’s limited resources through continued investment in innovation. Ensuring sustainability is at the heart of our operations and product development, most recently with our groundbreaking automation and digitization solutions, which allow us to continue transforming food processing.