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    MAIRE   IT0004931058

MAIRE TECNIMONT S.P.A.

(MAIRE)
  Report
Delayed Borsa Italiana  -  11:44:59 2023-03-30 am EDT
3.936 EUR    0.00%
03/28Stock exchanges expected in green ahead of Italy confidence
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03/27Milan closes in green; purchases on Terna
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03/14Mib above parity; Generali on top after ii accounts
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Maire Tecnimont to suspend Russian operations by June as sanctions weigh

05/11/2022 | 08:22am EDT

(Reuters) - Italy's Maire Tecnimont said on Wednesday it would gradually suspend all operations in Russia by June if conditions do not improve, after the group found it "increasingly difficult" to carry out projects due to EU sanctions.

The order backlog of projects in Russia represents about 12% of the engineering group's total backlog, or approximately 1.1 billion euros at the end of April, it said in a statement.

These would have been carried out in the years 2022-2024 under normal conditions. Resources involved in the project are being redirected elsewhere, it said.

Maire added that remaining activities in the country mostly regard the transfers of existing operations to clients, in compliance with both safety standards and sanctions.

($1 = 0.9482 euros)

(Reporting by Agnese Stracquadanio, editing by Giulia Segreti)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
MAIRE TECNIMONT S.P.A. 0.00% 3.936 Delayed Quote.27.53%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) -0.03% 77.2538 Delayed Quote.6.35%
All news about MAIRE TECNIMONT S.P.A.
03/28Stock exchanges expected in green ahead of Italy confidence
AN
03/27Milan closes in green; purchases on Terna
AN
03/14Mib above parity; Generali on top after ii accounts
AN
03/14Mib below par; wait for US inflation
AN
03/13Maire Tecnimont receives new financing guaranteed by SACE
AN
03/03Maire Tecnimont announces its 2023-2032 Strategic Plan 'Unbox the Future'
AQ
03/03Futures up; German trade surplus widens
AN
03/02European stock exchanges up; Amplifon pushes the Mib.
AN
03/02Listings in the red; STMicroelectronics at the bottom
AN
03/02Italy's Maire Tecnimont aims to double sales by 2032
RE
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Financials
Sales 2022 3 480 M 3 795 M 3 795 M
Net income 2022 91,8 M 100 M 100 M
Net Debt 2022 42,5 M 46,3 M 46,3 M
P/E ratio 2022 14,1x
Yield 2022 2,98%
Capitalization 1 289 M 1 406 M 1 406 M
EV / Sales 2022 0,38x
EV / Sales 2023 0,33x
Nbr of Employees 26 000
Free-Float 43,9%
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Mean consensus OUTPERFORM
Number of Analysts 7
Last Close Price 3,94 €
Average target price 4,50 €
Spread / Average Target 14,3%
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Managers and Directors
Alessandro Bernini Director, Chief Executive & Operating Officer
Fabio Fritelli Chief Financial Officer
Fabrizio di Amato Chairman
Franco Rossi Galante Chairman-Supervisory Board
Franco Ghiringhelli SVP-Group HR, ICT, Organization & Procurement
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