Maire SpA (MIL:MAIRE)
€ 14.18 -0.35 (-2.41%) Market Cap: 4.62 Bil Enterprise Value: 4.03 Bil PE Ratio: 18.18 PB Ratio: 6.93 GF Score: 91/100

Q1 2025 Maire SpA Earnings Call Transcript

Apr 29, 2025 / 03:30 PM GMT
Release Date Price: €9.42 (+11.55%)

Key Points

Positve
  • Maire SpA (STU:3OY1) reported a strong start to 2025 with revenues and EBITDA growing by over 35% year-on-year.
  • The company achieved a robust order intake, securing €3.5 billion in new awards in the first quarter, with an additional €900 million in April.
  • Maire SpA paid the highest dividend in its history, amounting to €114.5 million, demonstrating its commitment to shareholders.
  • The company's backlog increased to €15.4 billion, providing a backlog cover of over 2.4, enhancing revenue visibility.
  • The Sustainable Technology Solutions business unit secured new awards worth €112.9 million, reinforcing its commitment to sustainable innovation.
Negative
  • Despite strong performance, Maire SpA did not revise its 2025 guidance due to ongoing international market uncertainties.
  • The company faces challenges in the European market, limiting its exposure to engineering and procurement contracts due to difficulties in finding quality construction partners.
  • There is a potential impact on the net financial position due to significant cash outflows for dividends and share buybacks.
  • The geopolitical situation and macroeconomic uncertainties could potentially impact future project discussions and bidding processes.
  • The weakening of the US dollar could pose challenges, although the company has hedging policies in place to mitigate currency risks.


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

MTCM.MI - Maire SpA
Q1 2025 Maire SpA Earnings Call
Apr 29, 2025 / 03:30PM GMT

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Presentation
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Unidentified_1 [1]
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Hello, and welcome to my 1st quarter financial results conference call. My name is George, and I'll be coordinator for today's event.

Please note this conference is being recorded and for the duration of the conference, your lines will be in the listen-only mode.

However, you will have the opportunity to ask questions towards the end of the presentation, and this can be done by pressing one on your top keypad to ask your question.

If you require assistance at any point, please press 0 and you will be connected to an operator.

And I had a call with your host today is Sylviarey, head of investor relations. Please go ahead.

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