Milan, Nov. 10, 2023 - "Webuild has recorded more than double the number of orders we expected this year. And the business plan to 2025 is already fully covered in terms of revenues and margins by the current acquired contracts, considering the value of our backlog, which is already at the levels we were targeting at the end of 2025. In addition, the total business activity initiated by the Group is worth an additional €50 billion, so it does not end with the PNRR."

This is what Massimo Ferrari, Webuild's General Manager, emphasized when he spoke this afternoon on Linea Mercati, on Class Cnbc. 

Ferrari went on to reassure about the possible impacts of the macroeconomic situation, "As we all well know, infrastructural investments generally represent a reaction to the economic slowdown because they have an impact on the GDP that varies between 3-4 times. In addition, the orders that will be awarded in the 2024-2025 period, are already being tendered now, so for the next few years this sector will be supportive of the economy."

"A very important figure for the sector that we constantly monitor is employment, which is at a very low level," Ferrari continued, recalling that "we are making a very important effort in specialized training in the construction sector: we will soon be opening ad hoc training centres of blue collar and white-collar personnel in the South of Italy as well, to support the current very strong demand."

"I must say," Ferrari continued, "that I am seeing a change that has not presented itself for decades in the willingness to invest, and to invest well too, with a strong push toward innovation and with great attention to the health and safety of workers, with the goal of building infrastructure that is absolutely safe for users. This is the case all over the world, but particularly in Italy where, thanks to the new Public Works Code (Codice Appalti) both with specific interventions, some of the knots that were blocking the sector have been loosened."

In short, he concluded, "there is an effort that is being transformed into employment, because the best answer to debt sustainability issues lies in boosting the denominator, hence economic growth. And through infrastructure there is a direct and immediate link."