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Maire Tecnimont SpA (MTCM.MI)

MTCM.MI on Milan Stock Exchange

4.06EUR
15 Dec 2017
Change (% chg)

€0.18 (+4.53%)
Prev Close
€3.88
Open
€3.86
Day's High
€4.08
Day's Low
€3.85
Volume
2,546,236
Avg. Vol
1,867,009
52-wk High
€5.42
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€2.45

Latest Key Developments (Source: Significant Developments)

Maire Tecnimont wins contracts in core business for total of USD 273 mln‍​
Friday, 10 Nov 2017 04:32am EST 

Nov 10 (Reuters) - MAIRE TECNIMONT SPA ::AWARDS IN CORE BUSINESS FOR OVERALL VALUE OF USD 273 MILLION‍​.CONTRACTS AWARDED BY CLIENTS IN EUROPE, RUSSIA AND SOUTH-EAST ASIA.  Full Article

Maire Tecnimont 9-month net profit up at EUR 98.4 mln
Tuesday, 7 Nov 2017 06:37am EST 

Nov 7 (Reuters) - MAIRE TECNIMONT SPA ::9-MONTH REVENUE EUR 2.59 BILLION VERSUS EUR 1.70 BILLION YEAR AGO.9-MONTH NET PROFIT EUR 98.4 MILLION VERSUS EUR 56.7 MILLION YEAR AGO.  Full Article

Maire Tecnimont subsidiary acquires 20 pct stake in Pursell Agri-Tech
Tuesday, 3 Oct 2017 01:39am EDT 

Oct 3 (Reuters) - MAIRE TECNIMONT SPA ::ITS SUBSIDIARY STAMICARBON HAS ACQUIRED A 20% STAKE IN PURSELL AGRI-TECH.THE AMOUNT OF STAMICARBON’S INVESTMENT IS EQUAL TO USD 5.5 MILLION.PURSELL AGRI-TECH IS A US-BASED START-UP COMPANY SPECIALIZED IN DEVELOPING AND MARKETING POLYMER-COATED, CONTROLLED-RELEASE FERTILIZERS.  Full Article

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

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.