Mare Engineering Group SpA

Mare Engineering Group SpA

MMIL:MARE
5.16
EUR
-0.22
(-4.09%)
77.22MMarket Cap
Mar 03Next Earn
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1.22
1.68
1.84
2.2
3.07
- -
Basic EPS, GAAP
0.14
0.25
0.16
-0.02
-0.45
- -
Free Cash Flow per Basic Share
-0.1
-0.51
-0.22
0.01
-0.84
- -
Dividend per Share
- -
- -
0.09
0.01
0.02
- -
Book Value per Share
0.7
1.19
1.24
1.59
2.37
2.37
Tangible Book Value per Share
-0.18
-0.02
-0.27
0.42
-0.04
-0.04
Basic Weighted Avg Shares
15
15
15
19
19
19
Sales/Revenue/Turnover
18
25
28
41
59
- -
Operating Margin (%)
10.19
5.35
21.59
5.54
-7.09
- -
Depreciation Expense
3
4
5
-6
-11
- -
Net Income, GAAP
2
4
2
- -
-9
- -
Effective Tax Rate (%)
2.57
- -
34.88
145.83
- -
- -
Profit Margin (%)
11.48
14.8
8.55
-0.79
-14.68
- -
Working Capital
10
12
9
18
54
54
LT Debt
12
16
15
11
81
81
Total Equity
14
18
19
30
46
46
Return on Invested Capital (%)
- -
- -
6.6
-1.94
- -
- -
Return on Capital (%)
- -
- -
7.24
-2.22
- -
- -
Return on Common Equity (%)
- -
26.26
12.97
-1.34
-23.09
- -

Capital Structure

EUR

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
15
20
29
LT Borrowings
11
26
81
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
19
18
19
Market Capitalization
66
60
77

Working Capital

EUR

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
53
76
126
Cash, Cash Equivalents & STI
16
11
56
Accounts Receivable, Net
12
29
31
Inventories
1
18
4
Total Current Liabilities
35
46
73
Payables & Accruals
- -
- -
- -
ST Debt
15
20
29
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
55.64%
Free Cash Flow
- -
- -
-7,274.34%
Net Income, GAAP
- -
- -
2,591.93%
Sales/Revenue/Turnover
- -
- -
45.12%
Total Cash Common Dividend
- -
- -
24%

Semi-annual Revenue

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
28
2024
- -
- -
41
2025
- -
- -
59

Semi-annual Earnings Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.16
2024
- -
- -
-0.02
2025
- -
- -
-0.45

Semi-annual Dividends Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.09
2024
- -
- -
0.01
2025
- -
- -
0.02

Company Description

CEO
Antonio Maria Zinno
Full Time Employees
736
Sector
Technology services
Industry
Information technology services
Address
Via ex Aeroporto, s.n.c. Pomigliano d Arco NA Italy 80038
IPO Date
May 28, 2024
Business
Mare Engineering Group S.p.A. operates as a digital engineering firm specializing in advanced technological innovation for industry and SMEs, providing services that include applied engineering, digital services, and development of proprietary technology platforms such as XR Line (extended reality solutions), Delfi.AI (competitive analytics and innovation path design), and Sypla (AI-driven predictive maintenance). The company delivers consulting, engineering, robotics, industrial automation, and architecture solutions with applications across sectors such as aerospace, defense, automotive, civil infrastructure, smart mobility, and manufacturing. Founded in 2001 and headquartered in Pomigliano d'Arco, Italy, Mare Group maintains a global footprint with operations and subsidiaries in Italy, Brazil, the Czech Republic, Slovakia, and more, including Powerflex s.r.l. (defense and aerospace engineering), La SIA S.p.A. (civil engineering, telecommunications, and infrastructure), and IDEA s.r.l. (robotics and industrial automation). Recent major developments include the 2024 acquisition of La SIA S.p.A., which expanded Mare's capabilities in digital engineering, architectural solutions, and mission-critical infrastructure, and the 2024 acquisition of Powerflex s.r.l., strengthening technological capacities in defense, avionics, aerospace, naval, and railway sectors. Mare Group completed a binding agreement in 2025 to acquire Rack Peruzzi S.R.L. Further, the group restructured its business lines in 2024 into three units—Applied Engineering, Digital Services, and Technology Platforms—to enhance focus on delivering specialized expertise and proprietary technology innovation. The firm also entered strategic partnerships in extended reality, digital twin technologies, semiconductor testing, and data analysis, generating significant new orders. It continues to integrate companies active in digital engineering, robotics, and industrial automation, while accelerating growth with strong order books and increased operating margins. Mare Engineering Group serves over 1,000 clients globally, supported by more than 500 employees and 13 operational sales offices. The company emphasizes continuous R&D investment and innovation incubation, positioning itself as a leading independent technology-driven engineering hub focused on digital and sustainable transformation of SMEs and industrial sectors. The group’s product portfolio includes software and hardware solutions aimed at predictive maintenance, digital twin technologies, virtual and augmented reality applications, and AI-enabled analytics platforms, reinforcing its role in the transition toward Industry 4.0 and enabling technologies across Europe and Latin America. Mare Group is listed on the Euronext Growth Milan market of Borsa Italiana since 2024 and pursues an aggressive expansion strategy through strategic acquisitions and technology development to consolidate its national and international presence.