Maire SpA (LTS:0QEP)

Half Year 2026 Maire SpA Earnings Call Transcript

Jul 30, 2026 / 03:30 PM GMT

Transcript

Key Points

Positve

Revenues reached EUR3.7 billion, up 6.9% year-on-year, driven by steady project execution.
EBITDA margin improved by 50 basis points to 7.2%, benefiting from the growing contribution of Nexcan's technology portfolio.
Strong order intake of EUR7.2 billion in the first half, with a book-to-bill ratio of 2, leading to a near-record backlog of EUR16.3 billion.
Successful completion of acquisitions of Balestra and ETEC, expanding into inorganic chemistry for fertilizers and critical materials.
Entered new market in Argentina with the Fertilpampa project, the largest urea plant in Latin America, using a de-risk execution approach.

Negative

Ongoing geopolitical tensions in the Middle East, particularly the reduced operability of the Strait of Hormuz, have required costly rerouting of shipments.
Around 600 shipments had to be rerouted through alternative ports, and 1,500 containers were delivered via alternative routes, increasing logistics complexity.
Extra costs incurred due to geopolitical events are subject to negotiation with clients, though management expects full reimbursement.
The company faces potential challenges in documenting and justifying indirect costs for reimbursement from clients.
Despite strong performance, the company remains exposed to volatile geopolitical risks in the Middle East, which could impact future operations.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

MTCM.MI - Maire SpA
Half Year 2026 Maire SpA Earnings Call
Jul 30, 2026 / 03:30PM GMT

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Presentation
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Unidentified_1 [1]
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Hello and welcome to Mayday's first half 2026 results conference call. Please note this conference is being recorded and for the duration of the call, your lines will be in on listen-only mode. However, you will have the opportunity to ask questions at the end of the call.

I will now hand it over to your host, Sylvia Guidi, Head of Investor Relations to begin today's conference. Please go ahead.

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Unidentified_2 [2]
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Good afternoon, everybody, and thank you for joining MIRES First Start 2026 Financial Results Conference.

My name is Silvia Guigi, and I

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