M&A
confidence high
sentiment neutral
materiality 0.60
JBT provides Marel H1 2024 financials and pro forma combined data for takeover
JBT MAREL Corp
- Marel H1 2024 revenue €827.8M vs €869.8M YoY; net loss €1.1M vs profit €12.2M.
- Marel adjusted operating profit €70.5M; incurred €12.0M M&A expenses related to JBT offer.
- JBT filed pro forma combined balance sheet as of June 30, 2024 and income statements for 2023 and H1 2024.
- JBT special meeting on Aug 8, 2024 to approve share issuance; offer period ends Sep 2, 2024.
- Marel revenue breakdown: Poultry €424.6M, Meat €204.7M, Fish €82.9M, Plant/pet/feed €102.5M.