Revenues and profitability improving for Engineering in 2025.
This is what emerges from the consolidated financial statements for last year of the company active in the digitization of processes for businesses and public administrations led by Aldo Bisio, approved by the board of directors.
“The just concluded fiscal year saw an improvement in revenues and the main EBITDA indicators, also thanks to greater discipline in cost management, the progressive normalization of the level of investments, and the reduction of non-recurring components,” the group’s statement indicates.
In the same session, the Board of Directors approved the 2025 Sustainability Report, prepared on a voluntary basis in continuity with 2024 and submitted, for the fifth consecutive year, to independent review by Deloitte & Touche S.p.A.
All the details.
REVENUES ON THE RISE
Engineering closed 2025 with net revenues of 1,759.7 million euros, up 2.5% compared to 1,716.6 million euros the previous year. “The revenue growth, entirely organic, was supported by the progressive shift of the mix towards higher value-added segments, including digital technologies and proprietary software solutions, as well as by the solid performance recorded in the public sector, including the Healthcare segment.”
IMPROVING PROFITABILITY
The company recorded an Adjusted EBITDA of 280.3 million euros, up 1.5% compared to 276.2 million euros in 2024, “thanks to improved operational efficiency, mainly supported by the focus on higher-margin activities and the strengthening of workforce management activities, also through more careful management of service expenses.” The Adjusted EBITDA post-CapEx amounts to 238.8 million euros, an increase of 11.2% compared to 214.8 million euros in 2024, “due to the gradual return of the investment cycle,” the statement continues. As for Reported EBITDA, it amounts to 255.5 million euros in 2025, up 4.3% compared to 244.8 million euros the previous year, “also benefiting from the reduction of non-recurring charges related to the transformation path undertaken by the Group in recent years, including those linked to change management initiatives,” the statement explains.
OPERATING PROFIT PERFORMS WELL
Moving to EBIT, the figure stands at 135.9 million euros, up 12.9% compared to 120.4 million euros in 2024, “mainly thanks to the reduction of provisions made during the year, also due to the overall improvement in the quality of the credit portfolio compared to the previous year.”
HOW IS THE DEBT POSITION
Net financial debt amounts to 1,166.7 million euros at the end of 2025, improving by 2.5% compared to 1,196.8 million euros recorded at the close of the previous fiscal year.
WORDS FROM THE CEO
“The 2025 results show that the Group confirms its strong position to intercept the structural trends of the country’s digitization, with particular attention to Artificial Intelligence and the development of technologically advanced proprietary solutions,” said CEO Aldo Bisio, adding that “Also thanks to the support of our shareholders Bain Capital and Renaissance Partners, our commitment is now 100% focused on accelerating the transformation triggered by GenAI. We look ahead with determination, as we believe this technological discontinuity can also be an opportunity if we have the strength and courage to change pace quickly.”
