Maire SpA (MIL:MAIRE)

Q1 2026 Maire SpA Earnings Call Transcript

Apr 29, 2026 / 03:30 PM GMT

Release Date Price: €16.52 (+12.92%)

Transcript

Key Points

Positve

Maire SpA (FRA:3OY1) reported a strong start to 2026 with revenues reaching EUR1.8 billion, a 7.6% increase year-over-year.
The company achieved a record dividend payout of EUR187.6 million to shareholders.
A significant order intake of $4.8 billion in new awards was reported, including two multi-billion projects, leading to a backlog of $15.7 billion.
The ENC business unit secured EUR4.7 billion in new orders, reflecting strong demand for gas processing, petrochemicals, and refinery upgrades.
Nexchem demonstrated resilience with a diversified portfolio and a backlog of EUR313.5 million, with expectations of further growth from the Balestra acquisition.

Negative

The STS business unit experienced a lower-than-expected order intake of $60 million in Q1, attributed to delays in project awards.
Geopolitical tensions and potential disruptions in the Gulf region could impact project execution and logistics.
Cost inflation in the Middle East projects is a concern, although mitigated by prior procurement and client agreements.
The acquisition of Balestra is pending final antitrust clearance, which could delay expected synergies and growth.
The financial outlook includes potential increased costs due to alternative logistics routes if geopolitical tensions persist.

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

MTCM.MI - Maire SpA
Q1 2026 Maire SpA Earnings Call
Apr 29, 2026 / 03:30PM GMT

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Presentation
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Unidentified_1 [1]
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Hello, and welcome to Myra's Q1 2026 results conference call. Please note, this conference is being recorded, and for the duration of the call, your lines will be on listen-only mode. However, you will have the opportunity to ask questions at the end of the call. This can be done by pressing pound key 5 on your telephone keypad to enter the queue. I will now hand you 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 Mari's first-quarter 2026

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