Maire Tecnimont, the accounts for the first 9 months of 2019

<! – ->Maire Tecnimont closed the first 9 months of 2019 with revenues of 2.42 billion euros, down 11.4% compared to 2.73 billion euros in the same period of 2018. The gross operating margin stood at 168 , 7 million euro, up 12.8% compared to the same period of the previous year while the group result was 80.5 million euro, down 3.7% compared to 83.7 million in the first 9 months of 2018.

In the nine months the acquisition of orders amounted to 1.59 billion euros, down from 2.7 billion in the same period of 2018. At the end of September 2019 the order book amounted to 6.06 billion euros, in decline from 6.61 billion at the end of 2018.

At the end of the 9 months the financial position showed a net debt of € 75.6 million.

The leaders of the group have revised guidance on the entire 2019 which they had instead confirmed in the margins of the half-year report. 2019 should close with revenues of around 3.4 billion, up from the 3.8 billion previously forecast. EBITDA is expected to be close to 210 million euros, while the net financial position at the end of 2019 is expected to be positive and between 80 and 100 million euros.

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