Overview
Italy subsurface engineering firm's 2025 revenue declined 6% yr/yr
Net profit for 2025 rose 57% yr/yr
Company says improved profitability driven by strategic decisions and selective project intake
Outlook
Company approved 2026-2029 business plan to support growth in higher-growth markets
Order intake in first two months of 2026 was €157 mln, confirming positive commercial momentum
Company says Middle East operations continue without disruption
Result Drivers
SELECTIVE PROJECT INTAKE - Co said prioritizing projects with higher profitability and technical content helped improve margins and cash generation
ORDER INTAKE AND BACKLOG - Higher order intake and backlog supported operational visibility and future growth
SOILMEC DIVISION MARGINS - Soilmec Division saw improved margins and benefited from a recovery in the U.S. market in the second half
Company press release: ID:nBIA1sW3jX
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
EUR 624 mln
FY Net Income
EUR 8.60 mln
FY Adjusted EBITDA
EUR 85.50 mln
FY EBIT
EUR 47.80 mln
Analyst Coverage
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)