Home » Maire Tecnimont gains 4% after new orders, Equita confirms hold

Maire Tecnimont gains 4% after new orders, Equita confirms hold

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Maire Tecnimont runs to Piazza Affari, where it shows an increase of almost 4 percent. The increase was triggered by the news that it was awarded, through its main subsidiaries, new orders for a total value of approximately 92 million dollars for licensing and engineering and procurement (EP) services. The contracts were mainly won in North Africa, Eastern Europe and South Asia. “The new orders slightly improve the visibility to our estimates for the year 2022-23”, report Equita analysts who confirm the hold recommendation on Maire. In particular, the experts estimate “a project margin in line with the licensing and engineering and procurement services (EP) segment (approximately 7% -8%). Including the announced contracts, since the beginning of the year, order intake has risen to 2.3-2.4 billion euros compared to the 2021 estimate of 3.4 billion ”.

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