Somec SPA

Earnings Release • Jul 14, 2025

SOMEC: NEW CONTRACTS WORTH OVER 110 MILLION EURO IN NAVAL GLAZING AND PROFESSIONAL KITCHENS ON BOARD SHIPS

Chairman Marchetto: "This bears out our ability to create value and synergy between the Group's companies. We continue to implement our strategy, underpinned by a growing order book".

San Vendemiamo (Treviso), 14 July 2025 -- Somec S.p.A (Euronext Milan: SOM), specialising in the design, production and installation of complex turnkey civil and naval projects, has announced that Horizons, Engineered Systems for Naval Architecture and Building Façades, and Talenta, Professional Kitchen Systems and Products business unit have won contracts totalling over 110 million Euro.

The first agreement has been signed with Fincantieri for three ships of the ACE series for Carnival Cruise Line (one under option), each of which can accommodate up to 8,000 passengers. Somec will supply the complete pre-fab balcony module system, as well as the high-performance sliding window frames for all the cabins. The ships are due to be delivered between 2027 and 2028, with the economic impact following the same time horizon.

The second agreement, which was signed with the French company Chantiers de l'Atlantique, covers a ship of the Oasis series of the Royal Caribbean Group fleet. Somec, which has previously collaborated on the construction of ships in the same series at Saint-Nazaire, will supply the "Ocean View Balcony" package in its entirety, including the glazing, windscreens and balustrades for public spaces and Suites, Family Suites and Royal Suites. The ship is scheduled for delivery in the first half of 2028, with the economic impact of this order falling within the three-year period from 2026 to 2028.

On the other hand, Oxin will deliver a turnkey solution for the new cruise ship of Japanese company Ryobi Holdings at the West Sea shipyard in Viana do Castelo, Portugal. The contract covers the construction and complete fitting out of laundry and catering areas (kitchens, bars, storerooms and cold rooms).

At the same time, Somec will be responsible for installing all the high-performance sliding windows and balcony cabin partitions, the "Ocean View balcony" vertical motorised sliding windows, the public rooms continuous glazing and the Skydome.

Delivery is scheduled for the first quarter of 2027, with an expected economic impact between 2025 and 2026.

Oxin will also be involved in the construction of six ships for Viking at Fincantieri, four of which are subject to an option. More specifically, the company will be responsible for building the kitchens, catering areas and bars on board the newly built ships. They will provide a turnkey package that includes all phases of the project under the "Made in Italy" banner, including design, production, installation and after-sales support for the equipped areas.

The ships will be delivered between 2030 and 2033 and the economic impact will follow the same time horizon.

Oscar Marchetto, Chairman of the Somec Group, stated: "The magnitude and quality of these projects bears out the leading role Somec is playing in the cruise industry, the effectiveness of our business model and the ability to create value and synergies between the Group's companies. We continue to implement our strategy, underpinned by a growing order book that allows us to plan our efforts more effectively in the coming years. A big thank you to all the people who work tirelessly every day to provide our customers with the best possible service."

Somec

The Somec Group specialises in the engineering, design and deployment of complex turnkey projects in civil and naval engineering by relying on three business units: Horizons -- Engineered Systems of Naval Architecture and Civil Facades; Talenta -- Professional Kitchen Systems and Products; Mestieri -- Design and Production of Bespoke Interiors.

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The Group's companies operate in an integrated and synergetic manner, according to strict quality and safety standards while guaranteeing a high level of customisation and specific know-how on the processing of different materials, a key requirement when delivering high value-added projects.

In over 40 years of history and by relying on rigorous certification and accreditation processes, Somec has achieved 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 383 million Euro in 2024.

Contacts

Press office: Investor Relations Thanai Communication Advisors TWIN Thanai Bernardini Mara Di Giorgio | +39 335 7737417 me@thanai.it | + 39 335 7245418 Alessandra Capuzzo | +39 333 5461162 Alessandro Bozzi Valenti somec@twin.services alessandro.valenti@thanai.it | + 39 348 0090866 Elisa Toma elisa.toma@thanai.it | + 39 320 2840704