Revenues grew in double digits to 4.3 billion and net profit jumped to 129.5 million.
Maire Tecnimont closes 2023 with results beyond expectations, and estimates revenues of over 10 billion for 2033.
The group is ready to be among the protagonists of the energy transition, as illustrated to analysts during the capital markets day.
In detail, revenues grew by 23% to 4.3 billion and net profit increased by 43.3%.
The gross operating margin increased by 31.1% to 274.4 million, while the acquisition of new orders amounted to 11.2 billion, bringing the global portfolio to 15 billion.
The dividend increased by 59% to 19.7 cents, with a redistribution ratio increased from 45 to 50% of profit.
"We continue to expand our operational centers, adding new ones", comments CEO Alessandro Bernini. "In 2023 - he continues - engineering capacity, measured in working hours, recorded a growth of 20% compared to 2022 and all this would not have been possible without the great professionalism that contributes to achieving our goals on a daily basis."
The results allow the engineering, technology and energy group to estimate reaching more than 10 billion euros in revenues by 2033, with "around 1 billion" in gross operating margin.
Maire Tecnimont is faced with a rapidly changing scenario.
In the energy sector, in particular, "the number as well as the size of projects is increasing. 'Mega projects' are becoming the new normal. And this is excellent news for us", because "only a limited number of players are capable of execute this type of initiative and we are among them, thanks to our undisputed execution ability to complete large 'mega projects'", underlines Bernini, illustrating the growth in investments of the major international energy companies such as Exxon, Eni and Total , which will go from $800 billion in investments between 2015 and 2022 to around $1 trillion by 2030. “We know how to successfully deliver big projects and will continue to do so, to continue to be among the best in the industry.
To do this, we are continuing to add technical expertise through hiring and partnerships to support growth,” he adds.
For further information
Maire - official website of the Group We are enablers of innovation, we work with companies to develop sustainable technologies and solutions that promote the energy transition.