Marel Fish saw improvements throughout the year.
Marel Fish saw improvements throughout the year, accounting for 17% of Marel’s revenue in 2015. Marel Fish generated €140 million in revenue and adjusted EBIT of €11.7 million (8.3% of revenue) in 2015. While new solutions were well received by the market, the segment also saw a healthy increase in its market share of existing products, particularly in the case of standalone units.
“We are excited about our innovations for the fish industry, and by the ongoing partnerships that make them possible. We work with processors of all sizes to ensure that our products help raise their efficiency, while optimizing yield and throughput and enhancing the overall quality and value of food. The challenges our customers face drive us to design the equipment and software solutions that will help them operate at peak productivity and create value, well into the future.”
Sigurdur Olason, Managing Director (EVP) of Marel Fish.
Marel Fish performed very well in 2015. Market conditions in the salmon industry remained favorable, particularly in Scandinavia and the UK, where producers benefited from improving margins. Conditions in whitefish were also positive, allowing producers to invest in new equipment and innovative applications like Marel’s FleXicut, a revolutionary pinbone detection and removal technology.
Several large projects were secured in Iceland, Norway, Chile, the Faroe Islands and Alaska during the year. As in previous years, Marel Fish successfully exhibited its latest innovations for the fish industry at various international tradeshows and events.
Marel Fish introduced innovative new solutions in 2015, both through new technologies and updates of existing solutions. The emphasis was on labor reduction, yield increase and efficiency; all in order to help customers get the most out of valuable raw material.
Early in the year, Marel introduced the new MS1710 Salmon Skinner which was very well received. The new skinner stands out for the way it can skin fillets head first, which greatly optimizes the flow of salmon processing lines.
The MS2730 filleting machine was upgraded with a new feature - the belly trimming tool. The integration of this unique feature is a game changer that greatly saves labor and improves yield. The back and belly trimming options have been very well received and truly elevate the MS2730 to being the best of its kind in the industry.
The FleXicut, including the new water-jet cutter – one of the company’s flagship innovations – continues to impress customers and has generated considerable attention following successful development projects. It was showcased at the Seafood Expo Global in Brussels and later at Marel’s Whitefish ShowHow in Progress Point, Copenhagen. The high level of technology and automation inherent in the FleXicut are the key elements that will transform the very nature of processing in the whitefish industry and enable producers to process the fish closer to source, which is highly valuable.
Marel Fish is constantly working on greater efficiency and quality in order to help producers become more sustainable. Salmon primary prices reached record highs in 2015, pressuring secondary processors to improve yield and quality. Energy and water consumption must also be taken into account, which is something Marel’s solutions are designed to deal with in the most efficient way. By introducing the FleXicut machine to the market, Marel is also reducing producers’ overall environmental footprint by helping them process the fish closer to the source, thereby drastically reducing the distance the fish has to travel before it reaches the end consumer.