Webuild Secures $3.5 Billion in New Orders, Maintains 2026 Financial Outlook
Webuild's 2024 Performance and Future Outlook
Strong New Orders in 2024
May 14 (Reuters) - Italy's largest construction company Webuild on Thursday reported 3 billion euros ($3.50 billion) of new orders for the year so far, and confirmed its 2026 outlook.
Focus on Low-Risk Markets
All new orders are "in low-risk markets such as Italy, Australia and North America - fully in line with the group’s de-risking strategy", the company said in a statement.
2026 Financial Guidance
Revenue Expectations
It confirmed 2026 guidance of "revenues in line with the record levels of 2025". Webuild's shares tumbled when it issued the guidance in March.
Commercial Pipeline and Regional Exposure
Pipeline and Tenders
The company said its commercial pipeline so far this year totalled 99 billion euros and it was awaiting the outcome of 16 billion euros of tenders.
Middle East Exposure
It added its exposure in the Middle East was limited to about 5% of its backlog.
Additional Information
Currency Exchange Rate
($1 = 0.8568 euros)
(Reporting by Anna Uras. Editing by Mark Potter)
