Corporate growth supports Italian economy

Some European countries have maintained economic resilience despite aggressive US tariff policies and high trade risks. For instance, Italy's GDP growth is being supported by the success of major local companies. Many of them are revising their profit forecasts upward.

Maire, an Italian engineering group, expects its revenue to rise in 2025 due to strong first-quarter results. However, the exact extent of the increase remains unknown. According to Alessandro Bernini, CEO of the company, updated statistics will be released within two months.

From January to March 2025, Maire's core profit surged 38.2% year-on-year to more than 113 million euros ($129 million). The company attributed this growth to increased revenue (from 1.26 to 1.71 billion euros, or $1.43 to $1.94 billion) and effective cost management.

Maire has not been affected by US import tariffs and is unlikely to be impacted by them in the future, Bernini noted. He also stated that the dollar's depreciation does not pose a problem for the company.