JBT files Marel Q3 financials as part of ongoing takeover offer; Marel revenue down 4.6%, net profit plummets

JBT MAREL Corp

Marel 9M 2024 revenue EUR 1,214.7M (-4.6% YoY); net profit EUR 2.7M vs EUR 22.3M a year earlier.
Adjusted operating profit EUR 106.7M (-3.3%); Marel incurred EUR 13.3M in M&A expenses related to JBT.
Poultry segment revenue EUR 615.5M (-3.1%); Meat and Fish segments reported operating losses.
Offer extended to earliest of Nov 11, 2024 or 3 weeks after all regulatory clearances are secured.
JBT filed pro forma combined financials reflecting the acquisition as of Sept 30, 2024.

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