TREVI - Finanziaria Industriale (TFIN) Q1 2025 earnings summary

Executive summary

• New Board of Directors appointed, with Antonio Maria Rinaldi as Chairman and Giuseppe Caselli reconfirmed as CEO.

• Committees for Audit, Risk & Sustainability, Remuneration & Appointments, and Related Parties established for a three-year term.

• Q1 2025 business performance and order intake in line with forecasts, continuing the positive trend from the previous year.

Financial highlights

• New orders in Q1 2025 totaled €139 million, up €11 million year-over-year.

• Order backlog at end-March 2025 stood at €687 million, stable compared to year-end 2024.

• Trevi Group's net financial position at end-March 2025 was €204.7 million; gross debt decreased by €3.4 million, cash impacted by dollar depreciation.

Outlook and guidance

• Order intake and backlog trends for Q1 2025 are in line with full-year 2025 forecasts.