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Maire Tecnimont SpA (MTCM.MI)

MTCM.MI on Milan Stock Exchange

4.60EUR
21 Sep 2017
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Latest Key Developments (Source: Significant Developments)

Maire Tecnimont H1 net profit up at EUR 61.7 mln
Thursday, 27 Jul 2017 08:42am EDT 

July 27 (Reuters) - MAIRE TECNIMONT SPA ::H1 REVENUE EUR 1.65 BILLION VERSUS EUR 1.12 BILLION YEAR AGO.H1 NET PROFIT EUR 61.7 MILLION VERSUS EUR 26.7 MILLION YEAR AGO.FINANCIAL PERFORMANCE IS EXPECTED TO IMPROVE THANKS TO PROJECTS' FUTURE CASH FLOWS, AND TAKING INTO ACCOUNT RECENT NEW ORDERS.  Full Article

Maire Tecnimont sets up JV with KuibyshevAzot to develop fertilizer plant in Russia
Thursday, 20 Jul 2017 07:33am EDT 

July 20 (Reuters) - MAIRE TECNIMONT SPA ::JOINT VENTURE FOR THE DEVELOPMENT OF A FERTILIZER PLANT IN THE RUSSIAN FEDERATION.JV COMPOSED BY KUIBYSHEVAZOT (68%) AND MAIRE TECNIMONT (32%), FOR IMPLEMENTATION OF A GREENFIELD UREA PLANT IN TOLYATTI.TOTAL INVESTMENT COST FOR THE PROJECT IS PRELIMINARILY ESTIMATED TO BE AROUND €160 MILLION.MAIRE TECNIMONT'S EQUITY CONTRIBUTION IS PRELIMINARILY ESTIMATED TO BE AROUND €11 MILLION.  Full Article

Maire Tecnimont unit as leader of consortium signs contract for EUR 3.9 bln with Gazprom in Russia
Friday, 2 Jun 2017 03:55am EDT 

June 2 (Reuters) - MAIRE TECNIMONT SPA ::ITS UNIT TECNIMONT, AS LEADER OF CONSORTIUM WITH SINOPEC ENGINEERING GROUP, SIGNS CONTRACT FOR EUR 3.9 BILLION WITH GAZPROM <<>> IN RUSSIA.THE CONTRACT VALUE IS COMPOSED BY AN EP LUMP SUM PORTION OF APPROXIMATELY EUR 1.7 BILLION AND PROVISIONAL REIMBURSABLE PORTION RELATED TO CONSTRUCTION WORKS, SITE SERVICES AND SITE LOGISTICS, OF APPROXIMATELY EUR 2.2 BILLION.THE CONTRACT RELATES TO THE EXECUTION OF THE “PACKAGE NUMBER 3” CONSISTING OF UTILITIES, INFRASTRUCTURE AND OFFSITES FACILITIES OF THE AMURSKI GAS PROCESSING PLANT (AGPP) IN SVOBODNY CITY.  Full Article

Maire Tecnimont Q1 net profit up 72.5 pct at EUR 31.8 mln
Wednesday, 10 May 2017 07:39am EDT 

May 10 (Reuters) - MAIRE TECNIMONT SPA :Q1 NET PROFIT (€ 31.8 MILLION, + 72.5%).Q1 REVENUE EUR 756.5 MILLION VERSUS EUR 546.1 MILLION YEAR AGO.SIGNIFICANT BACKLOG AS AT THE END OF THE 2017 FIRST QUARTER IS EXPECTED TO LEAD, IN UPCOMING QUARTERS, TO INCREASE IN EXECUTION OF EPC PROJECTS WITH MARGINALITY IN LINE WITH THIS TYPE OF CONTRACTS.  Full Article

Maire Tecnimont: awards in core business for about USD 175 mln
Monday, 8 May 2017 01:37am EDT 

May 8 (Reuters) - MAIRE TECNIMONT SPA ::AWARDS IN THE CORE BUSINESS FOR AN OVERALL VALUE OF APPROXIMATELY USD 175 MILLION.THESE CONTRACTS HAVE BEEN GRANTED MAINLY IN EUROPE, ASIA AND NORTHERN AFRICA.  Full Article

Maire Tecnimont: conversion price of equity-linked bonds due 2019 adjusted to EUR 2.0964
Wednesday, 3 May 2017 12:05pm EDT 

May 3 (Reuters) - Maire Tecnimont SpA ::Said on May 2 that the calculation agent has determined to adjust the conversion price of "€80 million 5.75 percent unsecured equity-linked bonds due 2019" from EUR 2.1509 ($2.35) to EUR 2.0964 with an effective date of May 2.The adjustment follows the approval at the shareholders' meeting of Maire Tecnimont on April 26, 2017, of a dividend of EUR 0.093 per ordinary share.  Full Article

Maire Tecnimont to issue EUR 40.0 mln bond reserved to institutional investors
Monday, 24 Apr 2017 01:45am EDT 

April 24 (Reuters) - Maire Tecnimont SpA ::Supports the group's investments in new technologies with the issue of EUR 40.0 mln bonds reserved to institutional investors.Agreements have been reached for the amendment and optimization of certain terms and conditions of the existing bank debt.Cost of the existing bank debt further reduced to 1.95%.The bonds, divided in two tranches of equal amounts, will have an all-in yearly pricing equal to 340 basis points over the 6-month Euribor, a maturity of six years with a bullet repayment on the maturity date.The bonds – which will have a nominal value of EUR 100,000 each – are not expected to be listed nor admitted to trading.  Full Article

Maire Tecnimont FY net profit jumps to EUR 85.3 mln
Wednesday, 15 Mar 2017 09:00am EDT 

Maire Tecnimont SpA : FY revenue 2.44 billion euros ($2.59 billion) versus 1.67 billion euros a year ago . Increase in FY revenue relates to the progress of projects in the backlog, mainly EPC projects that became fully operational, while in 2015 they were at their initial engineering stage . FY net profit 85.3 million euros versus 43.8 million euros a year ago .Proposes dividend of 0.093 euro per share.  Full Article

Maire Tecnimont establishes unit Vinxia Engineering in Czech Republic
Wednesday, 1 Feb 2017 01:51am EST 

Maire Tecnimont SpA : Establishes unit Vinxia Engineering A.S. in Czech Republic .Vinxia Engineering to work as a customer-focused partner in order to develop new business opportunities for revamping projects in the fertilizer market in the Russian Federation as well as in Eastern Europe and in the Caspian area.  Full Article

Maire Tecnimont unit sets up UAE-based JV Value Technology Engineering
Thursday, 12 Jan 2017 09:36am EST 

Maire Tecnimont SpA : Its subsidiary Tecnimont Civil Construction has established a UAE-based company named Value Technology Engineering LLC with SBK Holding and Geointelligence .Value Technology Engineering is a joint venture (JV) to monitor the presence of sand or other materials or events to reduce potential hazards caused by extreme environmental conditions as in desert areas.  Full Article

Arab Development Establishment sells 5 pct of Maire Tecnimont at 4.9 euros/share - traders

MILAN, Sept 15 Arab Development Establishment has sold a 5 percent stake in Italy's Maire Tecnimont at 4.9 euros ($5.8) per share, two traders said on Friday.