Record new orders for Webuild despite pandemic

Webuild

construction industry, Webuild,

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  • Webuild closes 2021 with positive financial position (net cash) of € 100-200 million, the best result since 2014  
  • Gross debt at december 31, 2021 of € 2.6-2.7 billion, down by € 860-960 million compared with december 31, 2020

Record new orders: €10.8 billion, focused on key low-risk markets Italy, central and northern Europe, United States, Australia 

 MILAN, January 14, 2022 – The Board of Directors of Webuild (MTA: WBD) examined yesterday the preliminary 2021 management accounts relating to the Group’s financial structure.

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During the course of 2021, Webuild registered a record amount of new contracts, benefitting from major sustainable infrastructure investment plans launched by various countries where the Group operates. Total new orders acquired and in the process of being finalised for the year amounted to approximately € 10.8 billion1 , of which more than 95% in core markets such as Italy, the United States, Australia, France, Austria and the Nordics. 

As a result of the significant volume of new orders, the recovery of operations at various construction sites despite the persistent uncertainties about the global economy due to the pandemic, and improvements in working capital management, the financial structure at December 31, 2021 stands to be as follows: 

  • Net Financial Position: net cash of € 100-200 million, an improvement of approximately € 540-640 million compared with December 31, 2020, and of € 500-600 million compared with the mid-point of the 2021 guidance. It is the strongest net cash position registered by the Group since the founding of the Salini Impregilo Group in 2014, the first of a series of mergers that has resulted in the creation of the Webuild Group.
  • Gross Debt: € 2.6-2.7 billion, down by € 860-960 million compared with December 31, 2020 

These preliminary results have yet to be audited by independent auditors. Furthermore, as the 2021 financial statements are still in the process of being finalised, the preliminary results are subject to change and should not be considered definitive. 

1 Includes tenders in which Webuild has been identified as best bidder for €390 million

Source: Webuild

View the media release here

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