Italy · Delayed Price · Currency is EUR Maire Earnings Call Transcripts
Fiscal Year 2026
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Solid H1 2026 results with 6.9% revenue growth, improved margins, and record order intake drove backlog to near all-time highs. Strategic acquisitions and robust pipeline support guidance, while cost recovery measures offset Middle East disruptions.
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Q1 2026 saw strong revenue and profit growth, record new orders, and a robust backlog, with solid execution across all segments. Guidance for 2026 is confirmed, with further upside expected from the Ballestra acquisition and new commercial opportunities.
Fiscal Year 2025
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Strong 2025 results with revenues of EUR 7.1 billion and EBITDA of EUR 500 million, exceeding guidance. Ambitious growth targets set for 2026 and beyond, supported by a robust backlog, major acquisitions, and expansion into new markets, with a focus on sustainability and digital innovation.
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Revenues and profitability surged in the first nine months, with strong project execution and a robust backlog. Full-year results are expected at the upper end of guidance, supported by a healthy pipeline, ongoing M&A, and continued focus on sustainable technologies.
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H1 2025 delivered strong growth with revenues up 31% and EBITDA up 36% year-over-year, supported by robust project execution and a record order intake. Guidance for 2025 was raised, with revenue now expected at EUR 6.8–7.0 billion and EBITDA at EUR 460–490 million.
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Q1 2025 delivered over 35% growth in both revenue and EBITDA, with a record order intake and backlog. Guidance may be revised upward, as strong project execution and a robust commercial pipeline support continued growth, especially in downstream and technology segments.
Fiscal Year 2024
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2024 saw record revenue and EBITDA growth, strong cash flow, and a robust backlog, with sustainability and technology at the core of the strategy. Guidance points to continued expansion, especially in sustainability projects, with significant investments planned and a strong dividend increase.
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A comprehensive sustainability strategy is driving transformation through decarbonization, circularity, and social responsibility, with ambitious targets for emissions, diversity, and governance. Integrated reporting and stakeholder engagement, including youth voices, are shaping future business and regulatory alignment.
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Nine-month 2024 results showed over 30% growth in revenues and EBITDA, with net income up 63% year-over-year. A robust backlog, strategic acquisitions, and strong cash flow support double-digit growth guidance for 2024, with sizable project awards expected by early 2025.
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H1 2024 saw revenues up 30%+, EBITDA up 40%+, and net income up nearly 80% year-over-year, with strong cash generation and a record backlog. Guidance for double-digit growth in 2024 is confirmed, with a significant boost expected in H2 from major projects and recent acquisitions.