Earnings before interest and taxes (EBIT) rose 3% to €40.2 million, with an EBIT margin on sales of 4%.
Net sales of €1.0 billion were down 10% year-on-year, but up 13% compared to the fourth quarter of 2023.
The company, which designs and builds petrochemical and gas infrastructure, maintained its full-year guidance, with sales "in the €4.5 billion range" and an EBIT margin of 4%.
(1 dollar = 0.9277 euros)
(Reporting by Matteo Allievi; edited by Inti Landauro and Jason Neely; edited in Spanish by Mireia Merino)