Industrie De Nora sees 2026 margin at top end of previous range
Industrie De Nora sees 2026 margin at top end of previous range November 3 (Reuters) - Italy's Industrie De Nora DNR.MI on Wednesday forecast an adjusted core profit margin between 19% and 20% for 2026, at the top end of its previously indicated range, based on the electrode supplier's strong order book.
"The backlog has reached its highest level in the past three years, thanks to order growth across all business segments and the contribution from IWS, strengthening visibility into business performance from late 2026 through 2027," CEO Paolo Dellachà said in a statement.
De Nora's nine-month revenue stood at €628.1 million ($705.4 million), down 0.5% from a year ago
Net profit fell 11.4%, while order backlog expanded to €723.1 million by the end of the period
Revenue in the energy transition business fell 80.1%, while water technology revenue grew 28.6%
The results were complemented by the May acquisition of IWS, formerly BW Water, Dellachà said
($1 = 0.8905 euros)
(Reporting by Fabrizio La Rocca in Gdansk, editing by Milla Nissi-Prussak)