Infrastructure spend to drive Webuild’s growth

By Catrin Jones16 May 2022

Webuild has announced its results for the first three months of 2022 with a ‘solid start to the year’.

Webuild expect commercial activities to come in at €27.4 billion (Photo: AdobeStock)

The Italy-based company reported that in the first months of 2022 they acquired new contracts worth approximately €5.3 billion (US$5.5 billion) with the majority in foreign markets – such as Australia, Northern Europe and the US. In Italy, an estimated €24 billion (US$24.9 billion) of investments in public works are expected to be made.

New orders acquired and to be finalised year-to-date amounted to approximately €5.3 billion (US$5.5 billion), including projects for which Webuild was the best bidder for €3.1 billion (US$3.2 billion).

“Despite a complex international scenario, Webuild achieved excellent results in the first months of 2022 in terms of new orders, exceeding €5 billion,” said Pietro Salini, chief executive of Webuild.

Webuild said that the overall pipeline of the group’s commercial activities amounts to approximately €27.4 billion (US$28.4 billion), including tenders presented and awaiting the outcome for approximately €6.9 billion (US$7.1 billion), which are expected to be awarded this year.

Webuild is monitoring its core markets, including Western and Northern Europe, Australia and North America, all of which have major infrastructure investment plans. In Italy, approximately €24 billion (US$24.9 billion) of additional investments in large-scale public works are expected, €14 billion (US$14.5 billion) of which is for projects included in the National Recovery and Resilience Plan (PNRR.)

The group anticipates revenue of €7-7.5 billion (US$7.2-7.7 billion) across the rest of the year, fully covered by the current backlog.

MAGAZINE
NEWSLETTER
Delivered directly to your inbox, World Construction Week Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Longer Reads
Interview: Doosan Bobcat’s Gustavo Otero
Construction Europe’s Cat Jones meets the Doosan Bobcat president to discuss everything from new innovations to a new beginning for hundreds of Ukrainians
Doosan’s new grade of crawler dozers
Company seeks to deliver top power in crawler dozers in its latest move to become a full line equipment supplier
3D printing: New tech being used to build in Africa
Holcim subsidiary 14Trees is the first firm to use 3D printing to build schools and affordable housing in countries across Africa
CONNECT WITH THE TEAM
Andy Brown Editor, International Construction Tel: +44 (0) 1892 786 224 E-mail: andy.brown@khl.com
Simon Kelly Sales Manager Tel: +44 (0) 1892 786 223 E-mail: simon.kelly@khl.com
CONNECT WITH SOCIAL MEDIA