Webuild Group Achieves Record Orders, Doubles Dividend and Reaches 2025 Target Early

Record orders, 2025 target reached early and dividend doubled. The scale capacity of the Webuild group is all in the numbers of 2023 which closed with strong growth and will “force” the management of the group of complex infrastructures for sustainable mobility and plants to review the industrial plan in advance.
The breadth and quality of the order book as well as the leadership position in countries that are implementing important investment plans in infrastructure have in fact made it possible to bring forward the revenues of the “Roadmap to 2025 – The future is now” presented to the market to 2024 last year.
Webuild closed 2023 with net profit doubled to 236 million, revenues to 10 billion, ebitda to 819 million and a net cash position of 1.43 billion. The company which moves along three directions (construction of highly complex and innovative infrastructures; consolidation of its leadership position in key locations such as Europe, Australia, the United States and the Middle East and dimensional growth) has recorded record orders for the third consecutive year acquired reaching 22 billion.
«With over 100 billion euros of new orders acquired since 2012, our consolidated portfolio reached an all-time high of 64 billion euros in 2023» said Webuild CEO Pietro Salini explaining that «this amount, which is between the most conspicuous in the sector, provides our group with visibility and certainty for the next industrial plan.” In 2023 the group completed fundamental works for the development of territories such as the bridge over the Danube in Braila, Romania, the second longest suspension bridge in continental Europe; the Tricolore and San Babila stations of the Milan Metro line 4; the Isarco undercrossing tunnel, part of the Brenner base tunnel, the longest underground railway connection in the world; the new Eni management center in San Donato Milanese.
Very strong in the USA and Australia, Webuild «has proven to be anti-cyclical, exceeding GDP growth in all the countries in which we operate» and «outperforming our competitors, with a well-balanced activity, with approximately 90% of revenues in countries with low risk” added general manager Massimo Ferrari, explaining that “after the acquisition of Clough, Australia has come to represent Webuild’s second largest market, with 20% of revenues”.
As for the most awaited infrastructure chapter in Italy, the Strait Bridge, «the extraordinary results achieved by Webuild in 2023 do not include this order, for which approval of the final project is expected, expected in the coming months. The works will therefore be able to begin immediately after approval” clarified Salini, adding that “every day the start of the works is getting closer”.
The board of directors proposed to the meeting, called for April 24, a dividend of 0.071 euros per ordinary share, up 25% compared to 2022, and 0.824 euros for each savings share. The stock lost 4% yesterday even though the jump since the beginning of the year was 30%.

2024-03-15 21:19:00
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