the analysis
Webuild grows beyond the plan, revenues doubled in four years
Among the major groups in the country, driving the supply chain, export, employment, and security, strengthening Italy's global competitiveness.
Webuild puts the old industrial plan to rest with results exceeding expectations. In particular, the group achieved revenues and EBITDA doubled in four years and the margin growing to 8.6%.
"Expectations of the plan have been exceeded on all dimensions, with the safety of our people always at the center. In the last three years, we have made a significant leap in quality," explains CEO Pietro Salini.
Looking at the results achieved in 2025, the last year of the industrial plan, a performance beyond expectations emerges. Revenues recorded a growth of 15% to 13.6 billion euros and net profit increased by 13% to 280 million. Numbers that allow proposing to the assembly, convened for April 29, the payment of a dividend of 0.081 euros per ordinary share and 0.26 euros per existing savings share.
The total order book for 2025 stands at 58.4 billion. Geographically, it is mainly distributed among Italy, Europe, Australia, the United States, and Saudi Arabia.
Since the beginning of 2026, new orders, including projects for which Webuild was the best bidder, amount to approximately 1.8 billion. The group's short-term commercial pipeline totals 91.1 billion and includes bids submitted and awaiting award for 19.1 billion and bids in preparation for 8.8 billion.
Despite the complexity of the "last three years, not only have we achieved results well above the plan, but we have also completed a structural transformation," Salini emphasizes to financial analysts. Considering the results of the three-year plan, a commercial dynamic emerges that is above expectations with orders well beyond the target of over 13 billion. The construction order book has reached 50.9 billion, among the highest in the sector and with 90% in low-risk countries.
Regarding Webuild's presence abroad, Salini clarified that on the Middle East front, at the moment, "there is no effect or practical impact on ongoing projects. The only project in the area is in Saudi Arabia, which is a very safe country." A situation that ensures full visibility of expected revenues in 2026 and for the coming years.
The group has also made 13,000 new average annual hires since 2023 and more than 3 million hours of training provided.
Now, with the plan 'Roadmap to 2025 - The Future is Now' archived, to learn about future strategies we will have to wait for the capital market in June when the new three-year business plan will be presented.