Report
Chaima Ferrandon ...
  • Sven Edelfelt

Webuild : Expecting a little, receiving a lot

>Earnings far above forecasts, record net cash - WeBuild reported revenues up 22% at € 10bn (vs € 8.2bn in 2022), above market forecasts (€ 9.3bn) and our forecasts (€ 9.8bn). The group benefited from brisk business in Italy (thanks to projects in the framework of the Italian national stimulus and resilience plan PNRR) and abroad like in Australia (notably thanks to the integration of Clough) and the Middle East (Saudi Arabia). EBITDA came to € 819m, far above gu...
Underlying
Webuild S.p.A.

Salini Impregilo is engaged in the water segment. Co. is organised according to the distribution of its activities into its various segments: Corporate, which is engaged in the coordination and supervision of Impregilo S.p.A.'s main investments; Construction, which consists of the business headed by Impregilo S.p.A.; Concessions, which consists of the business coordinated by Co.'s subsidiary, Impregilo International Infrastructures B.V. (the Netherlands) and carried out through subsidiaries, jointly controlled entities and associates; as well as Engineering & Plant Construction, which consists of the business headed by FISIA Italimpianti and FISIA Babcock Environment (Germany).

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Chaima Ferrandon

Sven Edelfelt

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