Maire reports 18.3% rise in first-half net profit (updated)
UPDATE 1-Maire reports 18.3% rise in first-half net profit Adds bullets on order intake, Nexchem results
July 30 (Reuters) - Italy's engineering group Maire MTCM.MI on Thursday reported an 18.3% rise in first-half net profit, as adoption of alternative routes in the Middle East ensured operational continuity.
The company reported net profit of €157.2 million ($180.10 million) for the six months ended June 30 and confirmed its full-year financial targets.
First‑half order intake came at €7.2 billion, leading to a backlog of €16.3 billion at end of June
New awards announced in July brought the year-to-date order intake to €8.4 billion
The group's Sustainable Technology Solutions (STS) unit Nextchem recorded revenues up around 47% yearly
Nexchem recently completed the acquisition of fertilizers and chemistry specialist Ballestra Group, which is expected to contribute to the unit's growth in the second half of 2026
($1 = 0.8728 euros)
(Reporting by Mirko Miorelli, editing by Matt Scuffham)
((Mirko.Miorelli@thomsonreuters.com;))
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