Somec returns to profit in 2025 as shareholders renew board and approve buyback

Somec S.p.A. ( (IT:SOM) ) has provided an update.

Somec’s shareholders approved the 2025 financial statements and examined the consolidated results, which showed revenues of €370 million, a slight decline at constant exchange rates, but a marked improvement in profitability, with adjusted EBITDA up 14% and a swing to a consolidated net profit of €7.1 million from a loss in 2024. The group also sharply improved its net financial position to €13.8 million pre-IFRS 16, while allocating the parent company’s modest net profit to reserves, underscoring a focus on strengthening the balance sheet.

The meeting renewed governance bodies, appointing a seven-member Board of Directors led by confirmed chairman Oscar Marchetto, alongside a new Board of Statutory Auditors and key internal control roles, and approved the remuneration policy for 2026. Shareholders also authorised a buyback and disposal of treasury shares, signalling flexibility for future capital management and confirming the controlling shareholder Venezia S.p.A.’s tight grip with over 85% of voting rights.

The most recent analyst rating on (IT:SOM) stock is a Buy with a EUR24.50 price target. To see the full list of analyst forecasts on Somec S.p.A. stock, see the IT:SOM Stock Forecast page.

More about Somec S.p.A.

Somec S.p.A., listed on Euronext Milan, operates in the civil and naval engineering sectors, focusing on the engineering, production and deployment of complex turnkey projects. The group targets high-specialisation projects, combining industrial capabilities with project management to serve shipbuilding and advanced civil construction markets.

Average Trading Volume: 8,881

Technical Sentiment Signal: Buy

Current Market Cap: €131.8M

Learn more about SOM stock on TipRanks’ Stock Analysis page.