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Investing.com -- Shares of MAIRE Group fell 15% on Tuesday despite the company reporting solid 2024 results and issuing optimistic guidance for 2025.
The firm posted €5.9 billion in revenue for 2024, up 38.5% year-over-year, with EBITDA rising 40.8% to €386.4 million.
Net income surged 64% to a record €212.4 million, while the company also announced an 81% increase in its dividend to €0.356 per share.
Maire’s backlog stood at €13.8 billion, and it secured €3.5 billion in new orders in the first two months of 2025, reinforcing confidence in its long-term growth prospects.
Looking ahead, Maire forecasts 2025 revenue of €6.4–6.6 billion, an 8-12% increase year-on-year, and EBITDA of €420–455 million, reflecting further margin expansion.
The company’s 10-year strategic plan targets revenue exceeding €11 billion by 2034, with an EBITDA margin reaching 10%.
Despite the results, investor sentiment appeared cautious. While the company highlighted sustained growth in its NEXTCHEM sustainable technology division and progress in key projects like Hail and Ghasha, concerns over order intake may have weighed on the stock.
Maire’s 2024 order intake of €4.7 billion was down significantly from €10.7 billion in 2023, raising questions about future growth momentum.
CEO Alessandro Bernini emphasized Maire’s leadership in energy transition technologies and its commitment to innovation.