Italy's MAIRE posts 38% rise in quarterly core profit

Maire SpA

29/04/2025 12:16

April 29(Reuters) - Italian engineering group MAIRE MTCM.MI on Tuesday reported a 38.2% year-on-year rise in first-quarter core profit, citing higher revenue and the efficient management of costs.

Core profit in the first three months of the year rose to 113.5 million euros ($129.2 million), while its profit margin widened by 10 basis points to 6.6%.

($1 = 0.8788 euros)

 (Reporting by Alberto Chiumento in Gdansk; editing by Milla Nissi)

 ((Alberto.chiumento@thomsonreuters.com))