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MaireTecnimont SpA
(MAIRE)
MaireTecnimont SpA (MAIRE) vs. iShares MSCI Italy ETF (EWI)
MaireTecnimont SpA Business Overview & Revenue Model
MaireTecnimont SpA Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.89B | 5.86B | 4.23B | 3.42B | 2.84B | 2.57B |
| Gross Profit | 1.79B | 1.18B | 960.68M | 623.61M | 481.83M | 443.31M |
| EBITDA | 457.61M | 399.19M | 257.73M | 257.56M | 227.96M | 205.99M |
| Net Income | 254.67M | 198.68M | 125.36M | 89.89M | 83.30M | 57.80M |
Balance Sheet | ||||||
| Total Assets | 8.25B | 7.41B | 6.34B | 5.39B | 5.21B | 4.92B |
| Cash, Cash Equivalents and Short-Term Investments | 1.22B | 1.16B | 917.09M | 762.46M | 677.10M | 705.33M |
| Total Debt | 1.20B | 994.28M | 862.57M | 897.79M | 876.65M | 1.02B |
| Total Liabilities | 7.55B | 6.77B | 5.76B | 4.86B | 4.68B | 4.47B |
| Stockholders Equity | 644.70M | 595.79M | 526.84M | 491.57M | 493.25M | 412.84M |
Cash Flow | ||||||
| Free Cash Flow | 257.78M | 274.73M | 335.16M | 251.38M | 165.90M | -45.76M |
| Operating Cash Flow | 282.35M | 284.94M | 369.70M | 275.78M | 196.50M | -20.59M |
| Investing Cash Flow | -69.18M | -51.56M | -58.97M | -25.22M | -31.02M | -14.78M |
| Financing Cash Flow | -682.00K | 4.90M | -155.83M | -165.20M | -193.71M | 13.30M |
MaireTecnimont SpA Technical Analysis
MaireTecnimont SpA Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | €3.46B | 17.80 | 8.18% | 0.62% | -1.69% | -7.64% | |
76 Outperform | €5.06B | 23.12 | 10.99% | 0.72% | -2.00% | 2.11% | |
73 Outperform | €3.54B | 14.12 | 15.86% | 2.32% | 21.15% | 17.26% | |
69 Neutral | €4.41B | 17.32 | 42.37% | 2.73% | 30.91% | 40.89% | |
69 Neutral | €3.38B | 24.16 | 6.61% | 4.61% | -3.04% | -39.96% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | €6.31B | 50.54 | 14.30% | ― | 18.44% | ― |
MaireTecnimont SpA Corporate Events
MAIRE S.p.A. has reported the latest progress of its share buyback program launched on 1 December 2025 to service various long‑term and broad‑based employee equity incentive plans. Between 19 and 30 December 2025, the company repurchased 772,503 shares on Euronext Milan, equal to about 0.235% of its ordinary share capital, at a weighted average price of €12.977 for a total outlay of roughly €10.0 million, bringing its treasury stock to 2,502,988 shares. The purchases, executed via Intesa Sanpaolo as authorized intermediary and disclosed in line with EU market abuse and buyback regulations, underscore MAIRE’s continued use of equity‑based incentives as a tool for employee alignment and retention, while also signalling active capital management that may be closely watched by investors assessing dilution and capital allocation policies.
The most recent analyst rating on (IT:MAIRE) stock is a Hold with a EUR13.50 price target. To see the full list of analyst forecasts on MaireTecnimont SpA stock, see the IT:MAIRE Stock Forecast page.
Maire has secured roughly €700 million in additional works and new contracts within its Integrated E&C Solutions business unit, underlining growing demand for its energy transition-focused capabilities. About €430 million relates to expanded scopes on existing projects mainly in Sub-Saharan Africa and the Middle East, while approximately €270 million covers new renewable energy projects in the Middle East and added contracts for energy efficiency initiatives in Italy, reinforcing the group’s position in key geographies and in high-growth segments such as renewables and efficiency-focused infrastructure.
The most recent analyst rating on (IT:MAIRE) stock is a Hold with a EUR13.50 price target. To see the full list of analyst forecasts on MaireTecnimont SpA stock, see the IT:MAIRE Stock Forecast page.
NextChem, the sustainable technology arm of Maire, has signed a binding agreement to acquire 100% of Gruppo Ballestra, including Ballestra S.p.A. in Italy, BUSS ChemTech in Switzerland and Ballestra Engineering and Projects in India, in a deal valuing the business at an enterprise value of €108.3 million and a total consideration of about €126.5 million. The acquisition brings around 450 employees, a strong global customer base and a portfolio of proprietary technologies spanning sustainable fertilizers, surfactants and oleochemicals for FMCG detergents under the Mazzoni brand, fluorine derivatives and gas–liquid reactors for specialty chemicals, as well as processes for sulfuric and phosphoric acid and NPK nutrients. BUSS ChemTech adds expertise in fluorine derivatives such as hexafluorophosphate for solar cells, lithium-ion batteries and power grid gases, plus pyrolysis technologies for hard-to-recycle plastics, strengthening NextChem’s role in electrification, circular economy and decarbonization. The deal significantly broadens NextChem’s intellectual property and technology offering, completes its coverage of potassium, nitrogen, sulfur and phosphate fertilizers, and is expected to generate cross-selling opportunities with Maire’s Tecnimont engineering and construction unit in energy transition and materials transformation projects, while contributing an estimated €235 million in 2025 revenues and a year-end backlog projected at over €315 million. Completion of the transaction, financed through cash and existing credit lines, is expected in the first half of 2026, subject to customary conditions precedent.
The most recent analyst rating on (IT:MAIRE) stock is a Hold with a EUR13.50 price target. To see the full list of analyst forecasts on MaireTecnimont SpA stock, see the IT:MAIRE Stock Forecast page.
MaireTecnimont’s subsidiary Tecnimont has secured immediately enforceable conservatory seizure orders over approximately €1.1 billion of assets belonging to Russia’s EuroChem Group, following authorisation from the ICC Arbitral Tribunal in London, which confirmed London as the sole competent jurisdiction in the dispute. The tribunal has also recognised Tecnimont’s right to seek asset freezes worldwide as security for any additional damages arising from EuroChem’s allegedly unlawful Russian legal actions, while the English High Court and the Court of Appeal have both ruled that EuroChem’s proceedings in Russia breach the arbitration agreement and are unlawful, strengthening MAIRE’s legal position as it awaits a final arbitral award expected in 2026 and signalling a robust defence of its contractual rights with implications for counterparties operating across conflicting jurisdictions.
The most recent analyst rating on (IT:MAIRE) stock is a Hold with a EUR13.50 price target. To see the full list of analyst forecasts on MaireTecnimont SpA stock, see the IT:MAIRE Stock Forecast page.
MAIRE’s subsidiary NEXTCHEM, through its nitrogen technology licensor Stamicarbon, has secured a contract in Eastern China to provide licensing, process design and proprietary equipment for a new 2,700-ton-per-day urea plant using its NX STAMI Urea™ technology. The facility will deploy Stamicarbon’s Ultra-Low Energy design, which cuts steam consumption by 35% and cooling water use by 16% versus conventional plants, while ensuring low biuret content and high-quality prills, and will incorporate advanced materials such as E-type super duplex stainless steel in key components. This project represents the tenth global and eighth Chinese application of the Ultra-Low Energy technology, reinforcing NEXTCHEM’s position as a benchmark for energy-efficient, large-scale urea production and strengthening MAIRE’s presence in China’s fertilizer market as it pushes to improve the sector’s sustainability profile.
The most recent analyst rating on (IT:MAIRE) stock is a Hold with a EUR13.50 price target. To see the full list of analyst forecasts on MaireTecnimont SpA stock, see the IT:MAIRE Stock Forecast page.
MAIRE S.p.A. has continued to implement its share buyback program on Euronext Milan, purchasing 616,565 treasury shares—equal to 0.188% of its ordinary share capital—between 12 and 18 December 2025 at a weighted average price of €12.63, for a total outlay of about €7.79 million. The repurchased shares are intended to service several long-term equity incentive and broad-based employee share ownership plans covering the 2021–2025 period, and bring the company’s total treasury stock to 1,730,485 shares, reinforcing its commitment to employee alignment and incentive structures while incrementally adjusting its capital structure.
The most recent analyst rating on (IT:MAIRE) stock is a Hold with a EUR13.50 price target. To see the full list of analyst forecasts on MaireTecnimont SpA stock, see the IT:MAIRE Stock Forecast page.
MAIRE S.p.A. announced the purchase of 505,265 shares as part of its share buyback program, aimed at supporting its long-term incentive plans. The shares, acquired on the Euronext Milan market, represent 0.154% of the company’s ordinary shares, with a total value of approximately 6.52 million euros. This move is part of MAIRE’s strategy to enhance shareholder value and aligns with its ongoing commitment to incentivize employees through shareholding plans.
The most recent analyst rating on (IT:MAIRE) stock is a Buy with a EUR14.00 price target. To see the full list of analyst forecasts on MaireTecnimont SpA stock, see the IT:MAIRE Stock Forecast page.
MAIRE S.p.A. has completed the early redemption of its €200 million Senior Unsecured Sustainability-Linked Notes, originally due in October 2028, resulting in their delisting from Borsa Italiana and the Luxembourg Stock Exchange. This strategic financial move, costing the company €208.9 million, reflects MAIRE’s proactive management of its financial obligations and may enhance its financial flexibility, potentially impacting its market positioning and stakeholder relations positively.
The most recent analyst rating on (IT:MAIRE) stock is a Buy with a EUR14.00 price target. To see the full list of analyst forecasts on MaireTecnimont SpA stock, see the IT:MAIRE Stock Forecast page.
MAIRE S.p.A. has implemented a share buyback program to support its long-term incentive plans, purchasing 356,495 shares on the Euronext Milan market. This move is part of the company’s strategy to enhance employee ownership and align incentives with corporate goals, potentially strengthening its market position and stakeholder relationships.
The most recent analyst rating on (IT:MAIRE) stock is a Buy with a EUR14.00 price target. To see the full list of analyst forecasts on MaireTecnimont SpA stock, see the IT:MAIRE Stock Forecast page.
MAIRE S.p.A. has announced its corporate events calendar for 2026, including key dates for financial reporting and shareholder meetings. The company plans to continue providing interim management reports and will hold a Capital Markets Day to present its strategic plan. Although the month for potential dividend payment is indicated, no decision has been made regarding dividend distribution, and this announcement is in compliance with Borsa Italiana S.p.A. regulations.
The most recent analyst rating on (IT:MAIRE) stock is a Buy with a EUR14.00 price target. To see the full list of analyst forecasts on MaireTecnimont SpA stock, see the IT:MAIRE Stock Forecast page.
MAIRE S.p.A. has announced the initiation of a share buyback program starting December 1, 2025, to support its various long-term incentive plans. The program, authorized by the shareholders’ meeting, aims to purchase up to 10 million shares, representing 3.04% of the company’s ordinary shares, with a maximum estimated outlay of approximately 126.9 million euros. This move is expected to enhance the company’s incentive plans and potentially impact its market positioning by aligning employee interests with shareholder value.
The most recent analyst rating on (IT:MAIRE) stock is a Buy with a EUR15.50 price target. To see the full list of analyst forecasts on MaireTecnimont SpA stock, see the IT:MAIRE Stock Forecast page.
MAIRE S.p.A. is engaged in a legal dispute with EuroChem NW2 and EuroChem AG over the unlawful termination of the K2 Contracts, seeking damages exceeding Euro 700 million. The company has obtained favorable judgments from the UK courts and international arbitration tribunals, but EuroChem continues to defy these orders by seeking refuge in Russian courts. This ongoing legal battle underscores MAIRE’s commitment to protecting its contractual rights and could significantly impact its financial standing and industry reputation.
The most recent analyst rating on (IT:MAIRE) stock is a Buy with a EUR15.50 price target. To see the full list of analyst forecasts on MaireTecnimont SpA stock, see the IT:MAIRE Stock Forecast page.
MaireTecnimont S.p.A. has successfully completed the offering of its ‘Senior Unsecured Sustainability-Linked Notes Due 2030,’ raising €275 million. The proceeds will be used to refinance existing debt, aligning with the company’s strategy to optimize its financial structure. The notes, which will be traded on the Luxembourg Stock Exchange and Borsa Italiana, carry a 4% interest rate, with potential adjustments based on decarbonization targets. Additionally, the company plans an early redemption of its 2028 notes, further enhancing its financial strategy.
The most recent analyst rating on (IT:MAIRE) stock is a Buy with a EUR15.50 price target. To see the full list of analyst forecasts on MaireTecnimont SpA stock, see the IT:MAIRE Stock Forecast page.
Maire S.p.A. has announced the interest rate for its Senior Unsecured Sustainability-Linked Notes due 2030, set at 4.00% gross annual. The bond, aimed at European institutional and Italian retail investors, includes a potential interest rate increase if decarbonization targets are not met by 2028, and offers early redemption options starting from the third year.
The most recent analyst rating on (IT:MAIRE) stock is a Buy with a EUR15.50 price target. To see the full list of analyst forecasts on MaireTecnimont SpA stock, see the IT:MAIRE Stock Forecast page.
MAIRE S.p.A. has made its Interim Financial Report as of 30 September 2025 available to the public, following its approval by the Board of Directors. This report’s release underscores the company’s commitment to transparency and may impact its market positioning by providing stakeholders with insights into its financial health and strategic direction.
The most recent analyst rating on (IT:MAIRE) stock is a Hold with a EUR13.50 price target. To see the full list of analyst forecasts on MaireTecnimont SpA stock, see the IT:MAIRE Stock Forecast page.
MaireTecnimont S.p.A. reported significant growth in the first nine months of 2025, with revenues reaching €5.2 billion, a 26.7% increase, and EBITDA growing by 33.2% to €358.1 million. The company strengthened its order backlog to €13.9 billion and anticipates high-range revenue and margin growth for the year, driven by strong performance in its NEXTCHEM and Integrated E&C Solutions units, as well as strategic geographical expansions.
The most recent analyst rating on (IT:MAIRE) stock is a Hold with a EUR13.50 price target. To see the full list of analyst forecasts on MaireTecnimont SpA stock, see the IT:MAIRE Stock Forecast page.
MaireTecnimont SpA, through its subsidiary NEXT-N, has secured a 70 million euro contract from newcleo SA to develop the basic design of a new generation nuclear plant’s conventional island and balance of plant. This initiative marks the launch of NEXT-N, which aims to create new intellectual property and provide technical services for nuclear energy and low-carbon chemistry. The project is expected to accelerate the commercialization of newcleo’s advanced modular reactor technology and integrate it with hydrogen and ammonia technologies, promoting zero-emission chemical production. The collaboration is set to transform the Italian supply chain and foster new skills in Italy and Europe.
The most recent analyst rating on (IT:MAIRE) stock is a Hold with a EUR13.50 price target. To see the full list of analyst forecasts on MaireTecnimont SpA stock, see the IT:MAIRE Stock Forecast page.