Italy's Trevifin Q1 revenue falls as projects ramp up

Trevi Finanziaria Industriale SpA

22/05/2026 18:05

Overview

Italy engineering group's Q1 revenue fell 23% yr/yr amid timing of new contract starts

Q1 recurring EBITDA dropped 27% yr/yr as projects ramp up

Order backlog hit record €869.8 mln, driven by new contracts

Outlook

Trevifin confirms guidance for 2026 financial yr as previously communicated on March 30, 2026

Company expects consolidated revenues in excess of EUR 750 mln for 2026

Company anticipates recurring EBITDA around EUR 100 mln for 2026

Result Drivers

PROJECT START TIMING - Co attributed Q1 revenue and EBITDA declines to timing profile of new contract starts and ramp-up of operational activities

RECORD ORDER BACKLOG - Co said Q1 backlog reached record €869.8 mln, driven by new contracts, but these are still in early execution phases

Company press release: ID:nBIAHY9LZ

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Recurring EBITDA
EUR 15.90 mln


Analyst Coverage

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 14 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.)