Cenergy Holdings’ management outlined the significant opportunities ahead in both the energy and technology projects markets across Europe and the United States, during the presentation of the group’s Q1 2026 results, while refraining from revising its guidance for 2026.“It is a very strong start, indicative of the remainder of the year, supported by record profit margins of 19.7%, an excellent sales mix, as well as steadily rising demand,” CFO Alexandros Benos noted.He added that it came as a positive surprise and was partly influenced by the timing of project execution. However, he stressed that a correction of one to two percentage points is expected going forward, bringing the margin to around 17%, a level considered normal based on previous financial years’ performance. At the same time, he made extensive reference to the group’s high backlog, which stands at 3.3 billion euros, noting that it does not yet include two new contracts awarded to the company during the first months of 2026.Steady guidanceDespite optimism about the outlook for its operations, both due to its substantial backlog and the new projects it is targeting, Cenergy Holdings’ management did not revise its annual forecasts for revenues and profitability, reaffirming its initial guidance for adjusted EBITDA of 370-400 million euros. According to Benos, Cenergy Holdings remains committed to its original outlook and is maintaining a cautious stance mainly because of the uncertain and volatile geopolitical environment.US, UK and international energy and technology projectsRegarding the company’s growth prospects, Benos highlighted the increasing demand for cables. As he noted, citing data from McKinsey studies, the investments being launched both by energy providers for interconnections and grid infrastructure, and by international hyperscalers for data centers, amount to billions of dollars and require thousands of kilometers of cables. In particular, the uncertain conditions in the Middle East are further boosting demand for resilient energy infrastructure and creating opportunities for interconnection projects between countries. At the same time, natural gas continues to maintain a leading role in the energy mix, supporting demand for pipes. The global market remains buoyant, albeit highly competitive.Focusing specifically on the demanding yet highly promising US energy and technology market, Benos underlined that the investment in the group’s new cable manufacturing plant in the United States is progressing according to schedule. The facility is expected to further expand the group’s industrial footprint and long-term growth prospects, while being dedicated exclusively to serving the US market.Installation of equipment at the new plant is expected to commence by the end of 2026, with the production of certification samples scheduled for the first quarter of 2027, while full operations are expected to begin in the second half of 2027.Cenergy Holdings will have the required production capacity and will simultaneously meet all the necessary requirements and certifications to operate in the US market.As Benos stated, “our commercial team is already highly active, building relationships with utilities, industrial companies and data centers.” Demand for low- and medium-voltage cables remains strong and, combined with consistently high capacity utilization across all plants, supports a positive outlook for the remainder of 2026 as well as over the medium term.At the same time, Cenergy Holdings’ production capacity will also be strengthened by the SAW pipe manufacturing facility it acquired in March 2026 in Hartlepool, England. The company, which has a history spanning 100 years, is expected to enhance Corinth Pipeworks’ ability to deliver large-scale and complex projects internationally.