Maire CEO values Nextchem unit at about 4 billion euros, open to dropping IPO

Maire SpA

04/03/2026 16:57

MILANO, March 4 (Reuters) - Italian engineering group Maire MTCM.MI values its energy transition unit Nextchem at around 4 billion euros, its chief executive said on Wednesday, after the company reported 2025 core profit that beat guidance.

"If an investor comes forward for a minority stake and is ready to recognise a value not of 1.5 or 2 billion (euros), but much higher — in line with what we have in mind — we would drop the IPO plans," CEO Alessandro Bernini said.

The higher valuation would be around 4 billion euros, he added.

Nextchem generated revenues of 495 million euros in 2025 and an EBITDA of 122 million euros.

"In 2026 we expect revenues to reach around 700 million euros with an EBIDTA margin of 22-23%," Bernini said.

 (Reporting by Giancarlo Navach, editing by Alvise Armellini)

 ((giancarlo.navach@thomsonreuters.com; +39 06 8030 7735;))