Engineering firm Maire's profit jumps 42%, sees 2025 results at top end of guidance

Maire SpA

23/10/2025 11:24

Oct 23 (Reuters) - Italian engineering group Maire MTCM.MI reported a nearly 42% jump in its nine-month net profit to 204.8 million euros ($238.8 million) on Thursday, citing a timely execution of projects in the Middle East and North Africa.

The company booked 5.8 billion euros worth of new orders in the first nine months of the year, bringing its order backlog to 13.9 billion euros. Revenue rose 26.7% to 5.23 billion euros in the same period.

The Milan-based group expects its annual revenue and profitability to reach the top end of the forecast ranges it had upgrated after the first half of the year.

However, shares of Maire fell around 3% following the results, after trading only slightly down ahead of the publication.

($1 = 0.8575 euros)

(Reporting by Laura Contemori in Gdansk; Editing by Milla Nissi-Prussak)

((Laura.Contemori@thomsonreuters.com;))