We are committed to our year-end 2023 financial targets and 2026 growth strategy, and will continue investments in digital solutions and infrastructure initiatives that support our target to reach 50% of recurring revenues from service and software by year-end 2026.
Marel is targeting 12% average annual revenue growth from 2017-2026 through market penetration and innovation, complemented by strategic partnerships and acquisitions.
Marel enjoys a balanced exposure to global economies and local markets through its global reach, innovative product portfolio and diversified business mix.
Labor scarcity, inflation and rising input costs, coupled with favorable secular trends, focused on automation, robotics technology and digital solutions that support sustainable food processing, will continue to support organic growth outlook in the long term.