In the first half of 2025, Webuild recorded a double -digit growth, positively surprising analysts and overcoming the expectations of consent. Despite the uncertainties of the global macroeconomic scenario, the group of construction led by Pietro Salini has marked a clear progress in all the main budget items. In particular, net profit increased by 61%, reaching 132 million euros, while revenues have scored a +22%, going up to 6.7 billion euros. Another significant figure was the gross margin, which grew by 38% to 564 million euros, with a improved marginality of 100 basis points, reaching 8.4%. In this positive context, the net cash position remained solid, to 275 million euros, for the sixth consecutive semester, confirming the group’s financial stability. THE Data have been superior to the forecasts of analysts, further consolidating the reputation of Webuild as a reference actor in the global panorama of buildings. The debt reduction strategy supported by the continuous reduction of the lever, has given its fruits. Although the gross debt has remained substantially unchanged, to 2.9 billion, the financial solidity of Webuild continues to grow, also thanks to the bond issue for 450 million euros, which extended the duration of the long -term debt until 2031.
Webuild’s rise is not limited to numbers. In fact, Fitch’s rating was updated by BB to BB+, an important step towards investment Grade, a sign of the growing trust towards the group’s operational and financial solidity. As he pointed out Massimo Ferrari, general manager of Webuildduring the conference call with analysts: “Our improved operational profile will remain solid, with strong visibility on revenue revenues and structures that allow us to transfer the incremental costs, thus supporting the margins”. Ferrari also reiterated the confidence in achieving, and perhaps in the exceeding, of the objective of a net cash higher than 700 million euros by the end of 2025. This goal, revisited to rise in March, continues to be a key point of the financial strategy of Webuild. Ferrari added: “We managed to keep our gross debt stable around 2.9 billion euros, a level that we consider solid and sustainable for our size, thanks to the growth of the business and the continuous reduction of the leverage relationship”.
The results are fueled by the continuous expansion of the Orders portfolio, which has reached over 58 billion euros, with about 50 billion relating to construction activities. The increase in revenues was pulled by the main projects in Italy, Australia and Saudi Arabia. Among the most relevant orders, the Women and Babies Hospital of Perth in Australia, line C of the Rome Metro, the cultural and commercial center of Diriyah in Saudi Arabia, and the modernization of the interstate 85 in North Carolina, stand out. With over 90% of the revenues generated in low risk markets, webuild has consolidated its presence in key areas, Like Italy, Australia and the Middle East, through high impact projects and strategic for the future. The company continues to invest in innovation, sustainability and human resources. With over 7,500 hires in the first semester alone, Webuild aims more and more to strengthen its human capital, considered the real engine of corporate success. Massimo Ferrari said: “Our growth is fueled by targeted investments, as evidenced by our commitment of over 450 million in the semester, and by the passion and competence of people who make up our strength”.
In addition, Webuild looks at the future with confidence, convinced that the commitment to projects with high added value, such as energy transition and sustainable urbanization, can guarantee further global development. The solid financial position and the differentified order portfolio offer wide visibility on future revenues, laying the foundations for the next industrial level and for further strengthening of global competitiveness. The market consensus is confident in confirming the webuild guidance for the entire 2025, which provides for revenues of over 12.5 billion euros and a margin over 1.1 billion. Recent reviews of the estimates by analysts, however, allow to glimpse a potential Upside, with an improvement in operational performance and a possible positive revision of estimates for the second half of the semester.
Salini, ‘ahead of the roadmap for targets 2025’
“Considering that our sector tends to concentrate the results in the second half of the year, we are well forward compared to the roadmap to achieve the objectives of 2025. I remember that these objectives have been revised upwards compared to those originally foreseen in the industrial plan 2023-2025 ”. So the CEO of Webuil Pietro Salini At the Conference Call on the group’s results. ” The first semester of 2025 recorded another period with very solid results – he says – these numbers once again demonstrate the resilience of our business model, despite the macroeconomic challenges “. The CEO has therefore noted that the group has marked” a double -digit growth both in revenues and in the margins. Revenues have reached a record level of 6.7 billion euros, with an increase of 22%. Ebitda exceeded 560 million euros, with an increase of 38%. The margins have improved significantly thanks to all the initiatives we have implemented.