WeBuild : H2 set to be weaker than expected, focus on Astaldi integration
>Order intake limited in Q3, we have lowered our H2 estimates - As usual, WeBuild provided no detailed information on Q3: it indicated that it had booked order intake of € 2bn since the start of the year, i.e. only € 100m in Q3. Following this release and in view of the impact of the second COVID-19 wave in Europe, we have lowered our H2 estimates for WeBuild and now expect a decline in sales of 5% (vs -18% in H1) with an EBITDA margin off -10bp (vs -380bp in H1)...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).
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