We operate a global network of sales and service units and produce a range of products with manufacturing facilities in the Netherlands, the United States of America, Iceland, Denmark, England, Brazil, Germany, and Slovakia.
The economic value generated by our operations in 2018 amounted to EUR 1,197.9 million, including sales and gains on sales of assets. Furthermore, we directly employed 5,794 full-time employees on average in 2018.
Our contribution to the societies in which we operate consist of many different elements, including salaries paid to employees and goods and services purchased from local suppliers.
Salaries paid during the year, excluding related expenses, amounted to EUR 343.6 million, or 28.7% of the economic value generated.
Taxes paid by Marel in 2018 amounted to EUR 72.9 million (2017: 63.2 million) or 6.1% of the economic value generated.
Employment taxes represented 43.5% of the levies during the period, while 42.8% are corporate income taxes. In addition to the direct taxes, Marel collects and pays various state and local taxes and duties on behalf of the governments in which we operate.
Total taxes and duties collected in 2018 amounted to EUR 91.7 million (2017: 77.2 million).
In 2018, the total tax footprint amounted to EUR 164.6 million (2017: 140.4 million).
Innovation is the creation and delivery of new customer value in the marketplace. In our experience, innovation most often originates from partnerships between customers and our employees with the common aim of solving problems and improving processing in a new way.
We invested around EUR 74 million, or 6.2% of revenues, in creating and delivering new value for our customers through innovation in 2018. These innovative efforts represent a full range of endeavors: from breakthrough improvements in our products, to design upgrades and incremental additions to existing machines and systems. By working closely with our customers and employees, we are building durable equipment that remains competitive and meets the diverse needs of our customers.
We know that our company’s reputation is crucial to our success. Therefore, we take compliance with global anti-bribery and anti-corruption laws and regulations very seriously. The anti-bribery and anti-corruption policy adopted by Marel in January 2017 reinforces our commitment.
The policy applies to all employees, officers, and directors as well as any contractors, consultants, agents, and other business partners engaged in business on behalf of Marel. As an international company, we adhere to the anti-bribery and anti-corruption laws of all the countries in which we operate.