(Reuters) -Italian engineering group Maire reported on Thursday a 36.2% increase in first half profit, benefiting from higher sales, and upgraded its guidance for 2025. Maire's core profit rose to
Maire Reports 36% Surge in H1 Profits and Raises 2025 Outlook
Maire's Financial Performance Overview
(Reuters) -Italian engineering group Maire reported on Thursday a 36.2% increase in first half profit, benefiting from higher sales, and upgraded its guidance for 2025.
Core Profit and Revenue Guidance
Maire's core profit rose to 232.1 million euros ($265.2 million) which the company said reflected efficient management of overhead costs.
Order Intake and Business Growth
Maire also revised its full year guidance, now forecasting revenue between 6.8 billion and 7.0 billon euros, and EBITDA in the range between 460 million euros and 490 million euros.
Maire had previously forecasted revenue between 6.4 and 6.6 billion euros, and EBITDA in the range between 420 and 455 million euros.
Order intake rose to 5.63 billion euros, up 2.21 billion euros year-on-year, driven mainly by the new contracts of the sustainable technology solutions business unit, led by NEXTCHEM.
($1 = 0.8750 euros)
(Reporting by Laura Contemori in Gdansk, editing by Matt Scuffham)
