European Growth Leaders 2026

Annual ranking data providerLSEG WorkspaceUsed with permission · acknowledgements

An independent academic observatory making Europe’s listed growth companies visible.

Francesco Castellaneta, Full Professor of Strategy, SKEMA Business School · Scientific Committee Diego Zunino and Jackie Krafft

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Annual rank20

Italy · Industrials

Maire

Offers sustainable technology and integrated engineering and construction solutions for fertilizers, hydrogen, carbon capture, fuels, chemicals and polymers.

+103%revenue growth
FY2022–FY2025
+190%net-income growth
FY2022–FY2025
+367%stock return
FY2022–FY2025
+11%2026 stock return
current context only

Company profile

From process licence to world-scale industrial plant

MAIRE sits at two points in an industrial project's value chain. TECNIMONT engineers, procures and helps construct large chemical, fertilizer and energy plants; NEXTCHEM owns and licenses technologies that determine what those plants make and how efficiently they operate. Stamicarbon adds decades of fertilizer-process expertise. The result is a platform spanning early studies, proprietary process design, critical equipment, construction, commissioning, digital services and support through the operating life of a plant.

Engineering at scale

From a Norwegian fjord to Kazakhstan and Abu Dhabi

TECNIMONT's work becomes concrete in very different settings. It has designed integration for a Norwegian green-ammonia proposal, leads work on Kazakhstan's linked Tengiz gas-separation and Silleno polyethylene complexes, and is executing the onshore gas-treatment and sulphur-recovery scope of the Hail and Ghasha development in Abu Dhabi.

Proprietary processes

A catalogue built around molecules and recovered carbon

NEXTCHEM's named solutions cover ammonia, hydrogen and syngas, methanol and circular feedstocks; its methanol routes include options using captured CO2. The pages explain process routes rather than only market labels. Two official English films add the strategic view: why the portfolio is assembled this way and how the company expects technologies to move from development into industrial use.

Fertilizer know-how

Stamicarbon stays with a urea plant across its life

Stamicarbon's Launch, Advance and Evolve model runs from licensing and plant design through optimisation and revamps. Its specialist portfolio includes UAN, sulphur-enriched UAS and diesel-exhaust-fluid processes, while the knowledge centre gives operators access to technical articles, podcasts and webinars on ammonia, urea, safety and digitalisation.

Technology made tangible

Methanol, recycled plastic and a planned innovation district

The Pacifico Mexinol project applies NEXTCHEM processes and critical equipment to a planned ultra-low-carbon methanol facility in Mexico. In Milan, NX Replast turned post-consumer plastic into a 100% recycled transport seat. MAIRE is developing a Green Innovation District at its historic Rome headquarters, planned to combine research and analysis laboratories with pilot-plant space for testing technologies before industrial scale.

Current 2026 update

What has changed in 2026?

Award announced 20 July 2026 · 20 July 2026

Award announced 20 July 2026latest official update
3company-specific highlights
+11%2026 stock return · context only

First-quarter revenue and profit

Revenue rose 7.6% to EUR 1.84 billion, while profit attributable to owners rose 9.5% to EUR 67.4 million.

First quarter ended 31 March 2026 · EUR 1.84bn · +7.6%

Order book and STS mix

Group Q1 order intake was EUR 4.78bn and backlog EUR 15.73bn, EUR 3.0bn above year-end. In Sustainable Technology Solutions, order intake fell to EUR 60.6m from EUR 112.9m, backlog to EUR 313.5m from EUR 366.0m and EBITDA margin to 23.0% from 23.9%.

Q1 2026 and position at 31 March 2026

Argentina fertilizer-complex award

Tecnimont was awarded work for an Argentine fertilizer complex worth approximately EUR 1.3 billion, including EUR 140 million for Nextchem's technology package.

Award announced 20 July 2026

Annual record

Ranking history

Future editions add rows; they do not rewrite the 2026 record.

EditionMeasurement periodRankRevenue growthNet-income growthStock return
2026FY2022–FY202520+103%+190%+367%