Maire (MAIRE) Q3 2026 earnings summary

Executive summary

• 9M revenue rose 7.7% to €5,636.7m; EBITDA increased 15.7% to €414.3m, with margin up 60 bps to 7.4%.

• Order intake reached €8.9bn, achieving the 2026 target ahead of schedule; backlog was €16.4bn at 30 September, providing 2.2x backlog cover.

Financial highlights

• Revenue was €5,636.7m, up 7.7% YoY; EBITDA was €414.3m, up 15.7%.

• EBIT increased 15.8% to €357.8m; pre-tax income was €349.2m.

• Net income rose 18.6% to €243.0m; income attributable to the Group was €208.9m, up 7.9%.

• Sustainability-related work represented ~47% of 9M revenue, including transitional and sustainable work.

Outlook and guidance

• 2026 guidance confirmed: revenue €7.5–7.7bn, EBITDA €545–575m, margin 7.3%–7.5%, and capex €250–300m; revenue and EBITDA expected in the mid-to-upper end of ranges.

• Q4 support expected from resilient IE & CS execution, Central Asia and North Africa progress, and STS backlog conversion, project mix and Ballestra contribution.

• Adjusted net cash is expected in line with YE25 at €395.1m.