Tesmec SpA
MIL:TES
If you don’t study any companies, you have the same success buying stocks as you do in a poker game if you bet without looking at your cards.
Utilize notes to systematically review your investment decisions. By reflecting on past outcomes, you can discern effective strategies and identify those that underperformed. This continuous feedback loop enables you to adapt and refine your approach, optimizing for future success.
Each note serves as a learning point, offering insights into your decision-making processes. Over time, you'll accumulate a personalized database of knowledge, enhancing your ability to make informed decisions quickly and effectively.
With a comprehensive record of your investment history at your fingertips, you can compare current opportunities against past experiences. This not only bolsters your confidence but also ensures that each decision is grounded in a well-documented rationale.
Do you really want to delete this note?
This action cannot be undone.
This alert will be permanently deleted.
Tesmec SpA
Tesmec SpA designs, manufactures and sells products, technologies and integrated solutions for the construction, maintenance and efficiency of infrastructures related to the transport and distribution of energy, data and material. The company is headquartered in Grassobbio, Bergamo and currently employs 867 full-time employees. The company went IPO on 2010-01-01. The company operates mainly in two markets that include the design, production, marketing and sale of integrated systems and machinery for stringing electrical networks and optical fiber cables and for stringing railway power lines, and the design, production, marketing and sale of high-powered crawler trenchers used in excavation for the installation of underground networks and pipelines or earth-moving operations, as well as to a lesser extent, multi-purpose machinery for construction sites. The company operates through subsidiaries, such as Marais Technologies SAS, among others.
Tesmec SpA designs, manufactures and sells products, technologies and integrated solutions for the construction, maintenance and efficiency of infrastructures related to the transport and distribution of energy, data and material. The company is headquartered in Grassobbio, Bergamo and currently employs 867 full-time employees. The company went IPO on 2010-01-01. The company operates mainly in two markets that include the design, production, marketing and sale of integrated systems and machinery for stringing electrical networks and optical fiber cables and for stringing railway power lines, and the design, production, marketing and sale of high-powered crawler trenchers used in excavation for the installation of underground networks and pipelines or earth-moving operations, as well as to a lesser extent, multi-purpose machinery for construction sites. The company operates through subsidiaries, such as Marais Technologies SAS, among others.
Revenue Growth: Tesmec's revenue reached EUR 192 million for the first 9 months, up 7% from last year, mostly driven by strong performance in the Energy and Railway businesses.
Profitability Improvement: EBITDA increased by 7% to EUR 31.5 million, with stable margins despite changes in business mix; net loss narrowed significantly to EUR 0.7 million from EUR 4 million last year.
Debt Reduction: Net financial position improved to EUR 136 million, down EUR 40 million year-on-year, reflecting both business performance and the deconsolidation of discontinued operations.
Refinancing Completed: The company finalized a significant refinancing deal, shifting more debt to long-term and increasing financial flexibility.
Positive Outlook: Management expects continued volume and profitability growth in Q4 and highlights strong momentum for both Energy and Railway divisions into next year.
Focus on Cash and Quality: Ongoing discipline around cash generation, reducing working capital, and prioritizing higher-margin business over pure volume, especially for the Trencher division.
