Marel see second-quarter rise

Figures released by machinery supplier Marel show revenues for the second quarter of 2010 totalled 136.1m, an increase of 26.9% compared to last year. Revenues rose by 5.6% compared to the previous quarter and, for the second quarter in a row, the company delivered on its long-term target of a 10-12% return on revenues. While Q3 results are expected to be marked by the quieter summer holiday period, Marel said it expected to reach its target of 10-12% return on revenues for the full year.