Italy's Maire reports 15% core profit jump for first quarter

Maire SpA

29/04/2026 11:33

April 29 (Reuters) - Italian engineering company Maire MTCM.MI reported a 15.7% jump in its first-quarter core profit (EBITDA) to 131.2 million euros ($153.5 million) on Wednesday, boosted by higher revenue and a solid order pipeline.

Maire reiterated that its personnel in the Middle East were safe and projects in the Gulf region were proceeding in line with security protocols, a key point for investors given the company's significant exposure to the region.

"The first quarter 2026 results confirm the strength and resilience of our business model, which is capable of delivering growing results in a complex operating environment," CEO Alessandro Bernini said in a statement.

Maire's net profit jumped 19.9% to 76.7 million euros in Q1

Revenue grew 7.6% to 1.84 billion euros thanks to progress in projects under execution

Quarterly order intake stood at 4.8 billion euros, more than half of the 2026 target of around 9 billion euros

End-March order backlog was 15.7 billion euros, up by 3 billion euros compared to the end of 2025

The Milan-based company confirmed its 2026 guidance

($1 = 0.8548 euros)

(Reporting by Romolo Tosiani)

((Romolo.Tosiani@tr.com))