Somec SPA — Capital/Financing Update 2026

May 19, 2026

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Major contract awarded by a leading Italian shipyard for the glazing systems of four new cruise ships destined for an international cruise line.

Somec's Chairman Oscar Marchetto has commented: “With this contract, orders secured in about ten days reach a total value of 94 million Euro”

San Vendemiano (Treviso), 19 May 2026 –- Somec S.p.A. (Euronext Milan: SOM), specialising in the engineering, manufacturing, and installation of complex turnkey projects for the civil and naval sectors, announces that its Horizons: Engineered Systems of Naval Architecture and Building Façades BU has secured a new contract with a total value of 56 million Euro.

The contract covers the supply and installation of marine glazing systems on four newbuild cruise vessels, commissioned by a leading Italian shipbuilding group for a major international cruise line. In detail, the project covers the full supply of balcony areas and glazing fixtures, approximately 2,000 for each ship.

Operational activities will commence in 2027 and conclude in 2036, with the economic impact distributed across the entire timeframe.

This award follows the 38 million Euro contract — disclosed to the market on 7 May 2026 (see relevant press release) — covering a five-ship order with a leading French shipyard.

Oscar Marchetto, Chairman of Somec states: “This latest contract brings the total value of orders secured in about ten days to 94 million Euro, representing a major milestone for Somec Navale and the entire Group. The contract mix is most significant, spanning multiple shipyards across Europe and involving highly specialised skills for diverse workstreams, securing a revenue stream through 2036. This backdrop bears out the resilience of a sector that continues to attract significant investment and currently guarantees long-term visibility extending well into the next decade. At the same time, it reaffirms Somec’s cross-market footprint across the leading international shipbuilding hubs, having built a track record over time through timely execution, technical reliability, and the capability to manage complex programmes.”

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Somec

The Somec Group is a leading specialist in the engineering, design and rollout of complex turnkey projects in the civil and naval engineering sectors, operating through three Business Units: Horizons: Engineered Systems for Naval Architecture and Building Façades; Talenta: Professional Kitchen Systems and Products; and Mestieri: Design and Production of Bespoke Interiors.

The Group's companies operate in an integrated and synergistic manner, observing strict quality and safety standards and guaranteeing a high degree of customization and specific know-how on the processing of different materials, a fundamental requirement for high value-added projects. Boasting over 40 years of experience and a rigorous certification and accreditation process, Somec has gained a reputation for quality and operational and financial reliability on a global scale.

Headquartered in San Vendemiano, Treviso, the Group is present in 12 countries and 3 continents, employing over 1,000 people and with revenues of 370 million Euro in 2025.

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Contact info

Press Office: Thanai Communication Advisors Thanai Bernardini me@thanai.it | + 39 335 7245418 Alessandro Bozzi Valenti alessandro.valenti@thanai.it | + 39 348 0090866 Elisa Toma elisa.toma@thanai.it | + 39 320 2840704

Investor Relations: investorrelations@somecgroup.com +39 0438 471923 | +39 331 6173381