Report
Chaima Ferrandon

Webuild : H1 2021 results reflect an improvement, 2021 guidance confirmed

>Results up thanks to Astaldi but penalised by exceptional items - WeBuild reported improved revenues of € 3,047m (vs € 2,033m in H1 2020 excluding Astaldi), but slightly below our expectations (€ 3.2bn). The group benefited from a favourable base effect (acquisition of Astaldi) and from the recovery in construction activity. EBITDA came in at € 183m, below our expectations of € 227m, was impacted by sub-optimal efficiency on some sites due to health restrictions (10...
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

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