May 24, 2024

Webuild Ceo Pietro Salini: good company performance, expected half-year and full year results better than forecasts

Genoa, May 24, 2024 - "The Group is performing very well, after the results reached in 2023 and during the first three months of 2024. We think that the half-year and full year results will exceed the forecasts" said Webuild CEO Pietro Salini as he attended the laying of the first caisson of the New Genoa Breakwater.

“We began 2024 very well, by acquiring a new very challenging project in Saudi Arabia, and in general we are heading according to plans. We have already been awarded over half of the project acquisitions for the entire year. The Group continues to grow and strengthens globally. We are present in 50 countries with over 87,000 people and a supply chain of over 19,000 companies that accompany us in constructing our projects in sectors that are various, like building dams, roads, high-speed railways, metros and water treatment and production plants.  We are a global Group that makes approximately 70% of its turnover abroad, which means exporting Italian companies too.”

Salini added that “our 30% Italian turnover represents a market share in Italy that is less than 2%, while our competitors in France have, for example, between 3% and 10% of their turnover in their domestic market. The construction market in Italy can be currently valued to be approximately worth 200 billion euros. And Italy has begun a new infrastructural investment process even, but not limited to, thanks to the National Resilience Plan (PNRR).

Webuild is Italy's largest company. In Italy, in fact, 17,000 people work for us with 10,500 supply chain companies. We currently have 31 ongoing projects going, among which Line C of Rome's metro, some lots of the main Italian railway projects, like the Naples-Bari, the Palermo-Catania-Messina, the Verona-Padua, and the Milan-Genoa ones. And some of these projects are soon to be delivered, just like the M4 line of Milan's metro.

We are extremely proud of being able to bring the skills that we create abroad back here in Italy, our country, where the investments in large projects have never stopped, also offering many opportunities to our young people.

We are an extremely competitive company also thanks to the virtuous system of premium supply chain companies that we have created. In the large infrastructure sector, a company's dimension is crucial, serving the growth of the technological content of its works, while investing in safety, and training

We plan to hire 15,000 people globally in the next 2 years, of which 10,000 in Italy (8,000 of these from the South of Italy).

Webuild Ceo Pietro Salini: good company performance, expected half-year and full year results better than forecasts

Information material - Bridge project over the Strait of Messina
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